Oil Market Analysis


Brent: too high, too fast
Brent: too high, too fast
Brent prices surpassed the $63 mark in early trading on Monday, bringing this month’s growth to 15%. Middle East geopolitical tensions drove the latest impulse.
Oil is going up, for now
Oil is going up, for now
The dollar’s reversal to the downside, while the markets are optimistic, is one of the best combinations for higher oil prices.
Oil: Stuck around $40 with nowhere to go
Oil: Stuck around $40 with nowhere to go
Later today, OPEC+ is set for a meeting to evaluate the state of the global market. And the outlook isn’t particularly inspiring for Oil bulls.Since bouncing out from under the...
Brent crude oil Wave Analysis 8 October, 2020
Brent crude oil Wave Analysis 8 October, 2020
Brent crude oil has been rising in the last few trading sessions following the earlier upward reversal from the support area located between the key support level 40.00 and the 38.2%...
OPEC Outlook: Time to get real?
OPEC Outlook: Time to get real?
Oil prices remain relatively stable, as investors await OPEC’s World Oil Outlook due later today. It comes at a time when demand-side concerns continue to weigh on prices, whil...
Brent crude oil Wave Analysis 5 October, 2020
Brent crude oil Wave Analysis 5 October, 2020
Brent crude oil today reversed up sharply from the support area lying between the key support level 40.00 (which has been reversing the price from June), lower daily Bollinger Band a...
Oil awaits OPEC+ supply cuts decision
Oil awaits OPEC+ supply cuts decision
Benchmark Oil prices continue to mark time as OPEC+ readies its decision today on its supply cuts programme. Markets are expecting the alliance of major Oil-producing nations to star...
Oil rising as OPEC+ supply cuts kick in
Oil rising as OPEC+ supply cuts kick in
OPEC+ will begin lowering its production levels starting today, which is enabling Crude Oil to climb back above the $20/bbl psychological level and trade around its highest levels si...
WTI Wave Analysis – 29 April, 2019
WTI Wave Analysis – 29 April, 2019
WTI recently reversed sharply once again from the key round support level 10.00 (which also reversed the price earlier this month) – starting the active impulse wave (c).
Is lightning set to strike twice for U.S. oil price?
Is lightning set to strike twice for U.S. oil price?
I Investors keeping their fingers crossed as hope builds following gradual steps from world governments to slowly loosen lockdown restrictions will eventually lead to a return o...

Analysis of the Latest Oil Market Events

Oil is tangible and one of the most called-for commodities. USA, China and Japan are the largest consumers and importers of oil in the world. Any events and phenomena that trouble supply of “black gold” influence on its price on the oil market. Events such as weather conditions, war, terrorism, political disorders, and the decisions made by the Organization of the Petroleum Exporting Countries (OPEC) can cause its rise or fall in prices on the market. Oil trading refers to a variety of industries and, therefore, is often exposed to changes in the geo-political factors, as well as concerning the behavior of traders.

Oil Market and Analytical Standpoints Regarding this Kind of Market

The oil market is one of the most volatile, respectively, one of the most attractive in terms of investment. Although the trading of oil is a hard task, therefore, for a qualitative oil market’s analysis and oil’s rate is necessary to lend an attentive ear to the standpoints of the leading analysts of the market.

The crude oil technical analysis helps to determine total oil consumption, including the inventories, sales data and oil reports (EIA petroleum status reports). Traders can keep track of these reports and oil market news for better comprehension of the factors that affect the consumption of oil. Global oil market also has a direct effect on the Forex market by means of the germaneness with the dollar. This is due to the fact that the United States is one of the biggest breadwinners and consumers of this raw material. Change in the oil market price affects the intrinsic value of the dollar. In turn, the currencies that are in tandem with the U.S. currency, "look" on the dollar.

As far as oil is constantly taken into account in global business and trade, details that relates to its supply or distribution, will affect reliably the foreign exchange market, including the concomitant oil market analysis. That is why the terrorist attacks or natural disasters like Hurricane "Katrina" that threaten the regular supply of oil, often cause an immediate reaction of the Forex market.

Oil Market Analysis

The aforementioned events are something like shock to the market, making the oil forecast and analysis more difficult for the Forex market players. A more typical scenario usually consists of "fine" movements that occur in inter market relationships when oil trading, which only hint at the fact that the prices might change.

If the trader does not use inter market analysis, very likely he won’t be able to evaluate all these relationship, as well as the effects they exert on the markets, so long as this influence is not greatly substantially.

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