WTI oil price is following an ascending curve. However, there are reasons for the consolidation. What are they?
Tag - wti - west texas intermediate
Investors are weighing in the potential of the second wave of the virus hit, the movement across the Forex market is relatively cautious.
Oil is trading higher for the second week. For how long?
The market is submerged into an overall risk-off mood, with the AUD getting strong on recovering China and the GBP boosted by the BOE announcements, while the USD and the EUR are weak.
Oil is the subject of heated debates these days as nobody really knows what to do with the “humiliated” asset.
The risk sentiment remains positive, but for how long?
Brent followed the case of WTI, although not into the negative zone (yet); the AUD and the NZD are marching upwards across the board, the USD stays relatively strong.
Oil prices turned negative yesterday, economic data for today
Which currencies will be in demand during the upcoming days? What is the outlook for oil? Watch the weekly video and learn about the best profit opportunities that await trades this week! …
USD rules the market this Monday, with AUD and NZD getting their gains as well, gold plunging, and WTI dropping to 21-year lows at $14.80!
Currencies don't show any big activity on the US President's announcements, WTI gets lower than $19, gold at $1,700.
Find out the market performance for today