OIL Testing 6 Month Low
OIL Analysis Yesterday, OIL tested a very strong area dating back six months to September 10, 2024. OIL reached $65 per barrel after a long time.
The market reaction was strong, pushing the OIL price up again to $67.3, an increase of nearly 1.7%.
Impact of U.S. Tariff Policy The uncertainty around U.S. tariff policy is creating concerns about demand growth, while major producers are set to increase output. However, this is not pushing oil prices down at the moment.
It looks like we could see a short-term bullish recovery before it moves down again. The liquidity near $65 should have been high as long as it is rising.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
OIL Analysis Yesterday, OIL tested a very strong area dating back six months to September 10, 2024. OIL reached $65 per barrel after a long time.
The market reaction was strong, pushing the OIL price up again to $67.3, an increase of nearly 1.7%.
Impact of U.S. Tariff Policy The uncertainty around U.S. tariff policy is creating concerns about demand growth, while major producers are set to increase output. However, this is not pushing oil prices down at the moment.
It looks like we could see a short-term bullish recovery before it moves down again. The liquidity near $65 should have been high as long as it is rising.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
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✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.