The price WTI Crude Oil dropped as G7 countries agreed on establishing a price for Russian oil above current trading prices. The move will establish a price seaborne oil coming from Russia in a $65-70 range per barrel.
The announcement has compounded the bearish sentiment among traders and caused a 4% slide (at the time of writing), as China is struggling with an increase in Covid 19 cases and no sigh of lockdowns easing.
Traders largerly ignored a decrease in U.S. crude inventories announced by the American Petroleum Association in the afternoon.
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00:00 Intro
00:17 Crude Oil news – oil price cap, Covid cases rise in China, inventories
05:12 Crude Oil support and resistance
05:41 Crude Oil technical analysis
13:56 Recap
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11 Comments
Daniela Hathorn CapitalCom
#oil #oilprice #wti #reinounido #capitalcom
I don't think I ever subscribed to this channel. Why am I here?
👆 – NЕW А DАТING FОR АLL ТАSТЕS & АGЕS 🥰💥h💞
Also anylisis gold ad us30
If you think that waves and patterns on a chart are predictors of a market, your crazy.
Snake oil stuff..its nonsense. Nothing in the chart shows what governments will do next.
Tq for indepth explaination of crude oil trends
I like the proggrammes
I get the 5th wave BUT just look at the daily chart 10/10/22 the high 93.64 — 11/7/22 the high 93.74 could not hold = Double top & lower she goes — see how easy that was — now watch 75.27 that needs to hold if it doesn`t then the next big downside target is the 200sma wkly at 64.81 — now there is a lotta sup between 75.27 & the 200sma wkly but if crude gets hammered that is the target & buying Opp — easy peasy
I'm curious how will market react to the EU price cap. Will it be bearish for WTI due to price cap for Russian oil around 65?
Well I've been posting my oil short here for months
Thank you for your videos.. But I would like to suggest lowering the volume of the mic or maybe keeping a further distance away as your voice is pretty loud. 😀 not that there's anything wrong with it, but it would be easier on the ears. I'm not sure but it could actually be the Mic issue
2 days short position, then long seems accurate. But I wont open a contract its like gambling right now, so volatile.