Today's Crude oil recommendation
Updated
1, short at $77.55, stop loss 35 points, gain $75.10.
2, if the short is stopped, short again at $78.30, stop the loss of 30 points, stop the profit of $76.30.
3. Go long at $75 and make a stop loss of 35 points for profit.
2, if the short is stopped, short again at $78.30, stop the loss of 30 points, stop the profit of $76.30.
3. Go long at $75 and make a stop loss of 35 points for profit.
Trade active
Goldman Sachs said it expected Saudi Arabia to put less money into the oil sector than initially expected. The Gulf kingdom is likely to put most of its money, about 73 percent of total investment, into non-oil sectors by 2030, the agency said, a shift from the bank's previous estimate of 66 percent. Currently, WTI crude futures are down at the end of a volatile week as the market weighs strong US economic data against a possible attack on Israel by Iran or its proxies.Note
Oil prices have fallen because supply is plentiful and demand is low.Trade active
Israeli Foreign Minister Israel Katz said Israel expects international partners such as Britain and France to join Israel in dealing with a possible Iranian attack, stressing, "not only in terms of defense, but also in attacking important targets in Iran," CNN reported. France and Britain have dismissed the possibility. At a news conference in Jerusalem, French Foreign Minister Stephane Cerjournet said it was "inappropriate" to talk about "retaliation or preparing for Israeli retaliation" while diplomatic negotiations were underway. A Foreign Office spokesman stressed that the UK was "working closely with our Allies to de-escalate tensions" and that they "urge all parties not to perpetuate the current devastating cycle of retaliatory violence".Trade active
Production from Libya's Waha field is expected to rise to 300,000 barrels per day after maintenance.Trade active
News: South Korea considers extending fuel tax cut.
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