Oil Market Analysis


Forex Technical Analysis 12.12.2018 EURUSD, GBPUSD, USDCHF
Forex Technical Analysis 12.12.2018 EURUSD, GBPUSD, USDCHF

EURUSD, “Euro vs US Dollar”EURUSD has completed another descending impulse, which may be considered as the third wave inside the downtrend with the target at 1.1310. Poss...

Forex Technical Analysis 11.12.2018 EURUSD, GBPUSD, USDCHF
Forex Technical Analysis 11.12.2018 EURUSD, GBPUSD, USDCHF

EURUSD, “Euro vs US Dollar”Yesterday, EURUSD started another descending wave; it managed to form the first structure, the correction, and the third structure as well. Pos...

Dollar punished by disappointing jobs report
Dollar punished by disappointing jobs report

Appetite for the Dollar diminished on Friday after November’s disappointing US jobs report reinforced expectations over the Fed taking a pause on rate hikes next year.The Unite...

Forex Technical Analysis 10.12.2018 EURUSD, GBPUSD, USDCHF
Forex Technical Analysis 10.12.2018 EURUSD, GBPUSD, USDCHF

EURUSD, “Euro vs US Dollar”EURUSD continues moving according to an alternative scenario, which implies that the price may continue the correction. Possibly, today the pai...

Oil tumbles as OPEC waits for Russia to commit; NFP in focus
Oil tumbles as OPEC waits for Russia to commit; NFP in focus

A sense of disappointment swept across oil markets on Thursday after OPEC delayed a decision on production cuts.Although OPEC tentatively agreed to cut oil output, the cartel's f...

Forex Technical Analysis EURUSD, GBPUSD, USDCHF, USDJPY...
Forex Technical Analysis EURUSD, GBPUSD, USDCHF, USDJPY...

EURUSD, “Euro vs US Dollar”EURUSD has broken the consolidation range upwards and reached the short-term upside target. Possibly, today the pair may fall towards 1.1353 an...

What outcome to expect to from Vienna today?
What outcome to expect to from Vienna today?

A few months ago, some investors speculated that Oil prices could reach $100 per barrel in 2018. Sanctions on Iran, shortages in supplies, strong demand, and an all-time low in spare...

Forex Technical Analysis 06.12.2018 (EURUSD, GBPUSD, USDCHF
Forex Technical Analysis 06.12.2018 (EURUSD, GBPUSD, USDCHF

EURUSD, “Euro vs US Dollar”EURUSD has completed the first descending structure with the target at 1.1310; right now, it is being corrected to reach 1.1365. Later, the mar...

Forex Technical Analysis 05.12.2018 (EURUSD, GBPUSD...)
Forex Technical Analysis 05.12.2018 (EURUSD, GBPUSD...)

EURUSD, “Euro vs US Dollar”EURUSD has quickly rebounded from 1.1414. Possibly, today the pair may continue falling to reach 1.1310. Later, the market may start another gr...

Forex Technical Analysis 03.12.2018 (EURUSD, GBPUSD...)
Forex Technical Analysis 03.12.2018 (EURUSD, GBPUSD...)

EURUSD, “Euro vs US Dollar”EURUSD has formed another consolidation range around 1.1347 and expanded it towards 1.1365; right now, it is trading upwards and trying to retu...


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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