Saudi Arabia’s economy shrank by 7 percent, with the unemployment rate hitting a record high in the second quarter as the combined effect of the oil price crash and the coronavirus pandemic hit the world’s largest oil exporter hard.
Saudi Arabia’s gross domestic product (GDP) slumped by 7.0 percent
WTI is finally making its way into the kill zone.
Bears are getting set, but there are a few more steps in the price action that we want to see.
The price of which has been tracked in a series of analysis, as follows:
WTI Price Analysis: Bulls targeting a weekly bullish correction, 1:3 R/R;
Brent 28/9 - On daily timeframe for brent, the MA 50 and MA 200 still didn't cross like how WTI did. I'm expecting for brent to behave as WTI as well hence it will cross as soon market start since bot...
WTI 28/9 - On the daily timeframe, we could see that it's on the bullish momentum on WTI based on MA 50 (dark blue line) and MA 200 (ocean blue line). The price rebound on the support level MA 200 whi...
Crude Oil updated technical trade levels & sentiment – Daily & 120min Charts. WTI ranges below long-term downtrend resistance– risk for further losses while below 42.34.
Crude oil prices plummeted more than 14% into the start of September trade with WTI continuing to hold within the monthly
WTI memudarkan penurunan ke level di bawah $39,30 untuk hari ketiga berturut-turut. Kegagalan penurunan yang berulang dapat menarik pembeli dan menghasilkan lonjakan. Namun, tertinggi 18 September tetap menjadi level yang harus dikalahkan para pembeli.West Texas Intermediate (WTI), pa
WTI bounces off $39.64 after declining for three consecutive days.
API stocks added 0.691M versus previous draw of 9.517M during the week ending of September 18.
Coronavirus resurgence, strong US dollar disappoint energy buyers amid supply glut.
Preliminary readings of September month PMIs, official
WTI futures stabilize near the cloud after selling pressure. Initial tough support could develop from the 38.43, the support before meeting the lower surface of the Ichimoku cloud at 37.22. Pushing un...
WTI's bounce from overnight lows faces rejection at the 200-day SMA hurdle.
Prices fell by 4% on Monday on risk-off and prospects of increased Libyan exports.
West Texas Intermediate (WTI), the North American oil benchmark, is trading near $39.65 at press time, having failed to clear the 200-day