Technical analysis of USOIL
Oil has continued to consolidate amid relatively lower volatility this week despite weaker stock data. Tune in to today’s TA for some of the key areas on USOIL H4.
USOIL
Technical analysis of USOIL
USOIL had a boost from last night’s six-month high drop in the API’s American inventories of crude. Check out today’s TA for areas of importance ahead of the EIA’s release and the NFP.
Weekly roundup of markets: shares retrace and volatility increases
Volatility in stock markets has spiked since yesterday as participants reassessed recent expectations of a V-shaped recover. Read today’s insights for info on how USTEC, XAU-USD and USOIL have been affected.
Technical analysis of USOIL
American light oil reached a three-month high last night GMT. Check out this post for some areas of importance on the daily chart of USOIL ahead of OPEC+’s meeting tomorrow.
Tips for traders, 19 May 2020
With economies in more and more regions around the world reopening in the last two weeks, the wheels seem to roll again. They’re slower than before but at least they’re not idle.
Macro technical analysis of USOIL
Some positivity has returned for oil as countries gradually exit lockdowns and stocks of crude have dropped in the USA. This TA looks at the daily chart of USOIL compared with futures and the general level of contango.
Technical analysis of USOIL
Yesterday’s release from the EIA indicated the first drop in American crude stocks since January. This TA looks at possibilities for USOIL over the next few days.
Technical analysis of USOIL
USOIL’s deep upward retracement has continued this week as countries around the world continue to ease their lockdowns. Check today’s TA for some of the key areas.
Technical analysis of USOIL
Spot CFDs on crude oil appear set to retest historic lows. Today’s TA considers the charts of these as compared with futures on crude.
Weekly data preview: all eyes on central banks
A number of countries are now easing their lockdowns and many Asian and European shares have made gains in early trading today. The key events this week are the FOMC and ECB’s meetings.