Here is our next video about Crude Oil price analysis for July 2022. July 2022 begins with a big Crude Oil price crash in just one day. On 5th of July 2022, the oil price dropped from $109 per barrel to $95.
The Oil price plummeted about 9% in the biggest daily drop since March 2022 on growing fears of a global recession and lockdowns in China that could slash demand.
Crude Oil July forecast indicates that the price is likely to rebound and hover around $100 per barrel as fears of a recession that hurt the demand might be overdone soon. The outlook for energy consumption in China could improve as well.
The other factor that influences the Crude Oil July prediction is the strengthening dollar. The US Dollar rallied to the highest level in more than two years which causes raw materials like oil to be more expensive for holders of other currencies.
Watch the full video for our take on Oil price forecast and a deeper insight into what to expect in the months ahead from our Crude oil price prediction. Drop us a line in the comments with your thoughts on Oil price latest news.
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00:00 Intro
01:21 Oil price plunges massively!
03:40 Oil support and resistance
04:18 Oil technical analysis
08:53 Recap
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19 Comments
I also think that NatGas will go back down to 3.7 / 3.6 .
thisi is not a fear of recession
this is just coming down and adjusting to real demand value
normal level of crude is around 90- 89 dollar
david check monthly and weekly
Hey David — happy aft the 4th july — /CL CRUDE – yest Big Azz red candle & below the 21 & 50sma — today lower low – support levels 95 flat – 94.85 – 94.07 – 93.53 then the Big boy 200sma at 92.47 IF lost then the 50sma wkly at 89.08 — upside 97.43 yest low – 98.20 – 98.86 – 100.28 – 101.53 – 102.32 – 103.64 – 104.56 – 105.10 the 8sma at 106.01 — for me Been long SCO the crude short because the price of crude could not get above the 21sma & could not hold the 50sma — Great Vid C ya David
Where are your take profit ?
93.5 SL Hit
i got caught on the wrong side for this… i waited a few days and then it dropped 10pct. I'm still holding.. hopefully it will go up again
Thanks for the trading idea David.
I can testify Mr. Jonny Rosairo is a great being thanks to him for making my Life a joyful one after several debt… after my first payout of £8,467 I was able to clear my debt.
been a great time trading oil between long and short this week, just went long again on the hourly chart its oversold on the nonsense visit of joe bined to saudi, this propaganda is worthless just trade the charts either way
good to see you took this trade on RSI as I did, an hour ago reasurrring for me and been very profitable lately.
Thanks for your insight. I am long oil.
YOu informed me and cheered me up, thanks!
I went all in on oil, completely emptied my son's piggy bank… If oil goes down I pay less at the pump, if I pay more at the pump oil goes up.
For me, the recent lower high was the end of the up trend (for now at least)
lol most of the trades your opening hit your SL, not good for people to follow ,you make them loose money directly !
Excelente
Where are you from good analysis