Oil Market Analysis


Markets are on the rise due to Turkey and China positive news
Markets are on the rise due to Turkey and China positive news

Markets are on the rise on Thursday morning on the news about the U.S.-China trade talks later this month. As a result, Asian bourses have stabilized: MSCI adds 0.3% after a decrease...

USD bulls put pressure on Oil and Sterling
USD bulls put pressure on Oil and Sterling

USD bulls have continued their strong run globally, as weakness in overseas market continues, but also strong economic growth continues to be a major factor. US retail sales m/m were...

Forex Technical Analysis & Forecast 16.08.2018 from RoboForex
Forex Technical Analysis & Forecast 16.08.2018 from RoboForex

EURUSD, “Euro vs US Dollar”EURUSD has reached 1.1300 and right now is being corrected upwards. Possibly, the pair may grow towards 1.1416 and then resume falling inside t...

Forex Technical Analysis & Forecast 15.08.2018
Forex Technical Analysis & Forecast 15.08.2018

EURUSD, “Euro vs US Dollar”EURUSD has rebounded from 1.1432 and broken the downside border of the range; it has almost formed a downside continuation pattern. The target ...

Forex Technical Analysis & Forecast 14.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 14.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has formed another consolidation range near the lows. If later the instrument breaks this range to the downside, the price may continue ...

Oil comes under pressure, while the Turkish Lira continues to struggle
Oil comes under pressure, while the Turkish Lira continues to struggle

It has been a double whammy for oil markets today as a strengthening USD put some serious pressure on oil prices and as the OPEC forecast report for 2019 showed that they anticipated...

Forex Technical Analysis & Forecast 10.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 10.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD is still moving downwards. Today, the price may reach 1.1515 and then form another consolidation range between 1.1560 and 1.1480. If lat...

Forex Technical Analysis & Forecast 09.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 09.08.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has competed the descending impulse along with the correction, thus forming another consolidation range. If later the pair breaks this r...

Trump reimposes economic sanctions on Iran, Oil jumps
Trump reimposes economic sanctions on Iran, Oil jumps

Financial markets have offered a mixed response to news of the United States reimposing crippling economic sanctions on Iran that had been lifted under the nuclear deal.This unfavour...

Markets gripped by renewed trade war fears, FOMC in focus
Markets gripped by renewed trade war fears, FOMC in focus

Contradicting reports surrounding the state of US - China trade relations are likely to create a sense of confusion across markets, while also possibly desensitising investors toward...


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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