WTI Crude oil global trade analysis

U.S. crude oil inventories fell by 6.674 million barrels in the week ended January 19 from the previous level of 483,000 barrels. WTI prices were lower on the day as traders focused on rising U.S. oil production and rising supplies from Libya and Norway.
The short-term (1H) trend of crude oil has repeatedly fluctuated near the E point of the triangle, with the range ranging from 75.30 to 73.30. Oil prices cross the moving average system up and down, and the short-term objective trend enters a volatile rhythm. Judging from the gradually rising arrangement of lows and highs, the short-term subjective trend is still bullish. Crude oil is expected to continue to hover within the range during the day, and buying operations will be dominated by waiting for lows.

Comment:

active trade

Comment:

active trade

Comment:

active trade

Comment:

active trade

Comment:

active trade

Comment:

active trade