Tag: oil

Oil as one of the crucial commodities needs to be closely followed as it brings important data on several markets and can affect different asset classes as well.

Crude Oil (WTI) statistical and technical analysis
WTIOIL
-2.02%
December 29 2021 🕓 3 min

Crude Oil (WTI) statistical and technical analysis

The price of the WTI is rising again after a dynamic decline at the end of November. It is currently very close to the psychological level. The current price of Crude Oil (WTI) is 76.60 (December 28, 2021). Let us therefore look at statistical and technical analyzes.
GBP/CAD attacks 200-day moving average
December 22 2021 🕓 3 min

GBP/CAD attacks 200-day moving average

It looks like the recent spike in GBP/CAD could be over soon as the price is about to test a strong resistance.
USD/CAD calm after Bank of Canada decision
USDCAD
-0.6%
December 8 2021 🕓 3 min

USD/CAD calm after Bank of Canada decision

The BoC decision has failed to induce volatility in the pair and it consolidated during the US session.

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Oil trying to erase Friday’s huge losses
WTIOIL
-2.02%
November 29 2021 🕓 3 min

Oil trying to erase Friday’s huge losses

Volatility in the markets continues to be elevated and oil is trying to bounce back after Friday's massacre.
AUD/JPY bounces after Chinese data
November 16 2021 🕓 3 min

AUD/JPY bounces after Chinese data

Sentiment turned to bullish today, boosting commodity-linked currencies as stocks continued in their uptrend.
Crude Oil (WTI) statistical and technical analysis
WTIOIL
-2.02%
November 8 2021 🕓 3 min

Crude Oil (WTI) statistical and technical analysis

The current price of Crude Oil (WTI) is 82.40 (November 08, 2021). The first reaction of the WTI price after the Joint Ministerial Monitoring Committee (JMMC) supported the decision of OPEC to ease cuts by 400 thousand in December was a decline. However, the price is again above 80 USD. Let us, therefore, look at statistical and technical analyzes.
CAD surges after hawkish Bank of Canada decision
USDCAD
-0.6%
October 28 2021 🕓 2 min

CAD surges after hawkish Bank of Canada decision

The CAD soared after the recent BoC action, but it needs to push the USD/CAD pair below 1.23 to continue strengthening.
USD/CAD hitting multi-month lows amid USD weakness, soaring oil
USDCAD
-0.6%
October 20 2021 🕓 3 min

USD/CAD hitting multi-month lows amid USD weakness, soaring oil

Broad US dollar weakness and strong oil continue to undermined the USD/CAD pair.
Aussie targets 200-day average in the current leg higher
AUDUSD
1.51%
October 19 2021 🕓 3 min

Aussie targets 200-day average in the current leg higher

The Australian dollar hit the wall of selling orders near September highs. Will it burst through that resistance?

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Crude Oil (WTI) statistical and technical analysis
WTIOIL
-2.02%
September 26 2021 🕓 3 min

Crude Oil (WTI) statistical and technical analysis

The change in the number of crude oil barrels held in inventory has been falling for seven weeks in a row. The lack of supply also pushes the price higher. The current price of Crude Oil (WTI) is 73.98 (September 24, 2021). This commodity is currently aimed at testing this year’s highs. Let us therefore look at statistical and technical analyzes.
XPD/USD statistical and technical analysis
XPD
-0.78%
August 21 2021 🕓 3 min

XPD/USD statistical and technical analysis

The current price of XPD/USD - Palladium Spot US Dollar is 2 275 (August 20, 2021). The market price of this commodity has been falling dynamically over the last week. However, it is currently traded in an important zone. Let us therefore now turn to statistical and technical analyzes.
Crude Oil (WTI) statistical and technical analysis
WTIOIL
-2.02%
August 15 2021 🕓 3 min

Crude Oil (WTI) statistical and technical analysis

The current price of Crude Oil (WTI) is 68.44 (August 13, 2021). This commodity is currently testing an important level this year. Rising global inflation could further affect the future price of oil. Let’s now look at statistical and technical analyzes.