Oil Market Analysis


Forex Technical Analysis 20.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 20.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”After returning to 1.1313, EURUSD has formed an upside continuation pattern and broken it upwards to reach the short-term target at 1.1355. Pos...

Forex Technical Analysis 19.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 19.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has completed the first descending impulse at 1.1287 along with the correction. Possibly, today the pair may form a new descending struc...

Forex Technical Analysis 18.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 18.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has completed the descending structure at 1.1240 along with the correction. Possibly, today the pair may grow with the short-term target...

Forex Technical Analysis 15.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 15.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD may choose an alternative scenario and form one more ascending structure to continue the correction towards 1.1320. 

Forex Technical Analysis 14.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 14.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”After finishing another descending structure at 1.1300, EURUSD has formed the downside continuation pattern and broken 1.1290 downwards to star...

Forex Technical Analysis 13.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 13.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has formed another ascending impulse; right now, it is consolidating at the top. Possibly, today the pair may expand the range towards 1...

Forex Technical Analysis 12.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 12.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”After failing to continue the correction, EURUSD has formed another consolidation range and broken 1.1323 downwards to complete one more descen...

WTI oil – only one support left
WTI oil – only one support left

Time to update our traders about the situation on WTI oil, where in our opinion, the correction that started in December is coming to an end. Buyers had a good run but it looks like ...

Forex Technical Analysis 11.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 11.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD is still trading downwards; right now, it is forming another consolidation range near the lows. Possibly, today the pair may reach 1.131...

Forex Technical Analysis 08.02.2019 (EURUSD, GBPUSD, USDCHF)
Forex Technical Analysis 08.02.2019 (EURUSD, GBPUSD, USDCHF)

EURUSD, “Euro vs US Dollar”EURUSD has completed the ascending impulse along with the correction. Possibly, today the pair may form a new descending structure towards 1.13...


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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