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Crudeoilshort

Crude OIL (XTIUSD) AnalysisTechnical Facts: Considering Technical analysis, Crude Oil already touched the second highest price in this week. now it’s high time for retrace. The Immediate support level is 117.80 to 118.20. A Strong break can lead the oil price till 114.18 which is the strongest support of 114.18. Fundamental Facts: Russia is one of the largest producer of Crude Oil in the world. a recent ban was imposed on Russia in 3rd June, 2022 by European Union. When supply decreases, demand increases and the price goes up. if EU cant convince Saudi Arabia to produce more oil and make a balance of the demands, the price might go up till 130 as well. therefore, the analysis might be invalid. Signals: CRUDE OIL SELL STOP 117.80 SL# 119.61 TP# 114.18
FXOPEN:XTIUSD
by ForexLab
Long-term oil analysis #oilsome notes: 1_In World War II, because the United States won the war, it said that my dollar should be the reference currency 2_The United States did not fulfill its contract and did not store gold against the dollar 3_European countries realized and wanted to buy gold under the same law for every $ 35 an ounce of gold 4_Meanwhile, Arab countries imposed sanctions on Europe and oil prices rose 5_Now European countries needed dollars to buy oil 6_If oil prices are low, it is very dangerous for the United States because negative inflation in the United States will form and stagnate. Because the United States runs its country with debt, it's the best inflationary position 7- America wants a lot of production so that the industries will stop working and there will be an increase
NYMEX:CL1!Short
by daylichart