Crude Oil Market Analysis:
Crude oil has been volatile, with few significant unilateral moves. Today, we're focusing on short-term rebound opportunities. We recommend selling high and taking a bearish stance. The impact of crude oil fundamentals and news is short-lived. Previous inventory data support buying, but we should still sell as crude oil nears 63.00.
Fundamental Analysis:
The decline in gold prices is ultimately due to the fading of news, which has led to a decline in risk aversion. We will continue to monitor the Federal Reserve's new monetary policy.
Trading Recommendations:
Crude oil: Sell near 63.00, targeting 60.00-58.00.
Crude oil has been volatile, with few significant unilateral moves. Today, we're focusing on short-term rebound opportunities. We recommend selling high and taking a bearish stance. The impact of crude oil fundamentals and news is short-lived. Previous inventory data support buying, but we should still sell as crude oil nears 63.00.
Fundamental Analysis:
The decline in gold prices is ultimately due to the fading of news, which has led to a decline in risk aversion. We will continue to monitor the Federal Reserve's new monetary policy.
Trading Recommendations:
Crude oil: Sell near 63.00, targeting 60.00-58.00.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.