Oil Market Analysis


Oil looking oversold heading into OPEC
Oil looking oversold heading into OPEC

There is a feeling of change within the strategy of how OPEC operates. This uncertainty has played a leading role behind the price of Oil coming under relentless pressure over the pa...

Forex Technical Analysis & Forecast 14.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 14.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has failed to break 1.1726 downwards; the pair has been supported by the fundamental background and right now is still moving upwards. P...

Forex Technical Analysis & Forecast 13.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 13.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has reached 1.1733 and completed the half of the third descending wave. Possibly, today the price may consolidate near the lows. If late...

Markets muted after historic Singapore summit, Oil eases
Markets muted after historic Singapore summit, Oil eases

Financial markets have offered a fairly muted response to the historical Singapore summit, despite President Donald Trump describing it as being “fantastic” and “be...

Forex Technical Analysis & Forecast 12.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 12.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has broken the low of the first descending impulse. Possibly, today the price may reach 1.1733 and then grow towards 1.1774. Later, the ...

Forex Technical Analysis & Forecast 11.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 11.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has reached the first target of the descending channel and right now is being corrected towards 1.1820. Later, the market may fall to re...

Markets steady ahead of G7 summit, Euro GDP in focus
Markets steady ahead of G7 summit, Euro GDP in focus

Investors may decide to embrace a cautious approach by evading riskier assets ahead of the 44th G7 summit that is due to take place on Friday. Market volatility could be slightl...

Forex Technical Analysis & Forecast 07.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 07.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar”EURUSD has broken the consolidation channel upwards and is still moving according to an alternative scenario, which implies that the pair may c...

Oil slips further ahead of OPEC meeting
Oil slips further ahead of OPEC meeting

Oil markets have suffered another blow today as US oil inventories showed an increase of 2.07M barrels (-2.1M exp), while at the same time US gasoline inventories also showed a stron...

Forex Technical Analysis & Forecast 06.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)
Forex Technical Analysis & Forecast 06.06.2018 (EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, USDRUB, GOLD, BRENT)

EURUSD, “Euro vs US Dollar” EURUSD has completed the ascending structure towards 1.1700 and right now is consolidating around it. According to the main scenario, the pric...


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.

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree