Mulakan
Shalvisharma5

Crudeoil Update | MCX | Apr 10th

Crude Oil Futures (MCX:CRUDEOIL1!)  
Shalvisharma5 Telah dikemas kini   
MCX:CRUDEOIL1!   Crude Oil Futures
Trend Analysis Harmonic Patterns Chart Patterns
14
0
trendanalysis harmonicpatterns chartpattern
Today, there were no trades in crude oil. I anticipated an upward movement, but it reversed instead.
According to the chart, if crude remains below 7100, it may be considered bearish.

A bullish signal is only confirmed if it rises above 7150.
Komen:
#CrudeOil Update |Apr 10

🔸Technical Analysis:
Oil prices remained stagnant following two consecutive days of decline.
Bullish confirmation awaited upon breach above 7150.

🔸News Analysis:
Reason for Stall:
Ceasefire talks in Gaza and increased US oil inventories contributed to the stall.
Upward Pressure:
Prolonged conflict duration, potential Iran involvement, and lower US inflation data exert upward pressure.
Forecast:
US oil output forecast rises while Brent price forecast remains elevated.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.