EXNESS - Analytics


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    Growth of oil production in the United States has frightened the Loonie

    Buy on a level breakthrough of 1.2735 with 1.2835 target. Stop loss = 1.2685.

    Reason for the trading strategy

    According to the US Department of Energy, the US crude oil stocks decreased by 3.2 million barrels for last week, but oil production increased by 10 thousand barrels per day - to 8.745 million barrels per day. Increasing production efficiency has allowed the US shale companies to optimize costs so that the level of the cost of crude oil they produce declined and with the price of $50 a barrel, producing oil in the US has become profitable.

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