Crude oil prices in most of the world's physical markets have started the year with a rally, as China has shown signs of buying more, and traders fear sanctions against Russia could tighten supplies. Early indications show there has been an increase in activity, which means oil demand will increase. The EU and G7 coalition will cap the prices of Russian products from February 5th.
Commodity Channel Index (CCI) is a momentum indicator used to estimate oversold and overbought conditions of an instrument's market. This indicator uses overbought and oversold to determine entry positions to sell or buy. The level of market saturation can be a signal to detect a market reversal or continuation.
Commodity Channel Index (CCI) is a momentum indicator used to estimate oversold and overbought conditions of an instrument's market. This indicator uses overbought and oversold to determine entry positions to sell or buy. The level of market saturation can be a signal to detect a market reversal or continuation.