The recovery of WTI last week met resistance in the 54.60 area. The price formed a gap down on the mounting fears about the coronavirus.
Tag - oil
Market sentiment has turned positive. What does this mean for the major pairs?
WTI oil has reached our previous targets. On the W1, a big bullish candlestick engulfed the previous bearish one.
WTI oil has found support in the 49.35 area for the second time this February.
Saudi Aramco has been recently introduced to the MT5 demo accounts. And there are a lot of useful peculiarities to this stock...
The coronavirus caused a plunge of the recently recovered oil. We will consider the reasons behind that and make forecasts for the upcoming moves.
OPEC is thinking of an emergency meeting. Why is that?
As coronavirus fears increase, the markets are cautious. Plus, don't forget about the potential surprise from the RBA and the NFP on Friday
The week has started with a cautious note...
The current trading week is going to be quite eventful!
On the W1, Brent oil formed a bullish “hammer”…
The oil prices experienced significant losses amid the US-Iran tensions at the beginning of the year. What's next?