WTI Crude Oil future...from Sally-vt

WTI Crude Oil futures (Oct) OPEC downgraded global oil market outlook OPEC downgraded the outlook for global oil market before an online monitoring meeting on Thursday, amid faltering demand and signs of a recovery of U.S. shale oil supply. OPEC projected that global oil demand would decrease by 9.46M b/d to 90.23M b/d in 2020. #forextrading #forextrader #forex #forexstrategy #forexmoney #forexmarket #forexlifestyle #forexsignals

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Stocks Slip as Tech Tumble Continues Despite an improved employment report, US stocks are in the red Friday as investors turn to another tech tumble. #forextrading #forextrader #forex #forexstrategy #forexmoney #forexmarket #forexlifestyle #forexsignals

Sally-vt

The world’s biggest crude exporter, Aramco announced capital expenditure for 2021 will be “significantly” lower than guidance ($40-45 billion) according to Aramco’s CFO Yet, Aramco can pump at max capacity for 1 year with no additional spending needed Later today, API will release U.S. oil stockpile change data for August 7. Last week the API reported the biggest decline in almost a year From a chartist point of view, prices are supported by an intraday rising trend line currently at 42 In addition, the 20 and 50-period moving averages crossed upward and are supporting prices The RSI remains bullish above its signal line A continuation of the rebound towards 42.65 and 42.95 is expected Alternatively, below 42, look for a return on 41.55 #forextrading #forextrader #forex #forexstrategy #forexmoney #forexmarket #forexlifestyle #forexsignals

Sally-vt