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  1. Oil Price Forecast

    by , 05-02-2022 at 10:53 PM
    Oil is likely to remain supported in the short term amid expectations Europe will soon announce a plan for oil imports and bets that the JCPOA nuclear deal will not be reinstated soon.

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    The daily price is located near and below Ichimoku cloud: if the price breaks Ichimoku cloud to above together with 109 resistance level so the primary daily bullish reversal will be started; alternatively, the price will be on bearish ranging waiting for ...
  2. Crude Oil Forecast

    by , 04-25-2022 at 06:29 AM
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    Crude oil prices weakened as a stronger US Dollar and another drop in the S&P 500 undermined the sentiment-linked commodity. All eyes are on US GDP and the Fedís preferred inflation gauge next.

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  3. Crude Oil Price Forecast Q2 2022

    by , 04-16-2022 at 05:43 PM
    The recent rally in the price of oil appears to have stalled ahead of the record high ($147.27) as the rapid rise dampens the outlook for consumption. However, recent data prints coming out of the US suggest demand will remain robust in 2022 amid a downward trend in crude inventories.

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    Weekly Brent Crude Oil price is located above Ichimoku cloud in the bullish area of the chart. The bullish triangle pattern was formed with 133 resistance ...
  4. Crude Oil Fundamental Forecast

    by , 04-11-2022 at 04:09 PM
    WTI and Brent crude oil prices fell for a second week amid growing concerns over the global economic rebound. A more aggressive Federal Reserve outlook amplified the worry following the recent series of yield curve inversions.

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    Daily price for Brent Crude Oil is located inside Ichimoku cloud for the ranging market condition: the price is trying to break bearish triangle pattern with support level at 98.44 to below for the primary bearish ...