Oil Market Analysis


Brent Crude Oil Wave Analysis – 18 October, 2019
Brent Crude Oil Wave Analysis – 18 October, 2019
Brent Crude Oil continues to rise inside the short-term impulse wave (iii) – which belongs to the impulse wave 3 from the start of October.
WTI Wave Analysis – 9 October, 2019
WTI Wave Analysis – 9 October, 2019
WTI recently reversed up sharply from the support area lying between the powerful support level 52.00   (which has been reversing the price from January) and the lower dail...
Brent Crude Oil Wave Analysis – 4 October, 2019
Brent Crude Oil Wave Analysis – 4 October, 2019
Brent Crude Oil recently reversed up from the support area located between the key support level 56,00 (which stopped the previous impulse wave 1 in August) and the lower daily Bolli...
Oil weakens as rapid Saudi output recovery seen
Oil weakens as rapid Saudi output recovery seen
Relief is set to sweep across financial markets after Saudi energy minister pulled down the threat of an escalation in geopolitical tensions in the region, and by stating the Oil pro...
Who are biggest winners and losers from surging oil prices?
Who are biggest winners and losers from surging oil prices?
Oil prices explode higher on Saudi supply disruption Biggest winners and losers from negative supply shocks Dollar enjoys risk-off flows The explosive appreciation in oil prices coul...
Dollar roars on geopolitical tensions; Oil turbocharged
Dollar roars on geopolitical tensions; Oil turbocharged
Investors across the globe are entering the trading week on a mission to avoid riskier assets following drone attacks on Saudi Arabia's oil fields over the weekend.
Attack in Saudi: suitable for oil, bad for global growth
Attack in Saudi: suitable for oil, bad for global growth
Brent opened the week with a price spike of more than 20% on reports of an attack on a significant oilfield in Saudi Arabia. Oil has made the sharpest intraday spike since the 1991 G...
Brent Rises Almost 20%
Brent Rises Almost 20%
Oil prices surged on Monday after an attack on Saudi Arabian oil facilities on Saturday shut over 5% of global supply. Oil prices reacted heavily to the Saudi Arabia drone attacks wi...
Time to expect a jump to $60 in WTI Oil?
Time to expect a jump to $60 in WTI Oil?
The breaking development that transpired throughout the weekend, where attacks on Aramco Oil plants in Saudi Arabia could take away up to 5.7 million barrels per day from the Kingdom...
Dollar pressures oil bulls; Euro softens ahead of ECB
Dollar pressures oil bulls; Euro softens ahead of ECB
It was a choppy trading session for oil markets as prices initially rose roughly 1% on Wednesday morning before later surrendering all gains to shed -0.6% as of writing.

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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