The current USOIL 5-day moving average and 10-day moving average, the current price is below the moving average, indicating that the short-term seller power is slightly superior. However, the price is close to the moving average, indicating that there is no big gap between the long and short forces.
At present, the oil supply is relatively sufficient. Iraq announced the resumption of oil exports in the Kurdistan region, which has increased the market supply. On the other hand, the geopolitical situation is also changing. If a peace agreement is reached between Russia and Ukraine, the uncertainty of Russia's crude oil exports will be reduced, and the global crude oil supply pattern may change as a result, which will stabilize oil prices to a certain extent.
At present, attention should be paid to: US ISM non-manufacturing PMI, EIA crude oil inventory data, OPEC+ monthly production meeting and the Federal Reserve interest rate decision and economic outlook.
The market is so changeable, but if you follow the right teacher, you will take fewer detours.
Traders who have not kept up with the team can follow me. When the opportunity comes, I will release more accurate signals in my trading center in a timely manner. Welcome everyone, I will make you financially free.
USOIL USOIL USOIL
At present, the oil supply is relatively sufficient. Iraq announced the resumption of oil exports in the Kurdistan region, which has increased the market supply. On the other hand, the geopolitical situation is also changing. If a peace agreement is reached between Russia and Ukraine, the uncertainty of Russia's crude oil exports will be reduced, and the global crude oil supply pattern may change as a result, which will stabilize oil prices to a certain extent.
At present, attention should be paid to: US ISM non-manufacturing PMI, EIA crude oil inventory data, OPEC+ monthly production meeting and the Federal Reserve interest rate decision and economic outlook.
The market is so changeable, but if you follow the right teacher, you will take fewer detours.
Traders who have not kept up with the team can follow me. When the opportunity comes, I will release more accurate signals in my trading center in a timely manner. Welcome everyone, I will make you financially free.
USOIL USOIL USOIL 
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Continuously release precise trading plans to lead members to expand profits, with a stable profit of 988% every month. If you have not made a profit yet, then join us. t.me/fahsufnwks
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.