EUR/USD 1.08721
0.052%
Gold 2416.29
1.670%
Oil 79.487
0.796%
USD/JPY 155.669
0.178%
GBP/USD 1.27061
0.286%
GBP/JPY 197.801
0.470%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Governor of Kharkiv, Ukraine: Russias attack on the Kharkiv region on Sunday has killed 10 people.[Armed conflict hits domestic industrial system hard, Sudans trade deficit reaches 4.8 billion US dollars in the first quarter] According to Sudanese media reports on the 19th local time, Sudans Minister of Trade and Supply Yusuf said that Sudans trade deficit in the first quarter of this year reached 4.8 billion US dollars. Among them, the total export volume was 3.8 billion US dollars and the total import volume was 8.6 billion US dollars. It is understood that Sudans ongoing armed conflict has destroyed the countrys industrial system, and 85% of Sudans factories have been damaged. This has forced the Sudanese government to import large amounts of daily necessities such as sugar, tea, milk, and flour from overseas to meet domestic demand. Yusuf said that the influx of Sudan also includes uncontrolled imported goods, which has led the Sudanese Ministry of Trade and Supply to implement stricter import and export control measures.According to the Times of Israel: Azmi Abu Daqqa, a senior Hamas operative, was killed in an Israeli airstrike.[The Dow Jones Industrial Average closed above 40,000 points for the first time, and US stock analysts continue to be bullish] The US blue-chip stock index Dow Jones Industrial Average closed above 40,000 points for the first time in its 128-year history, a milestone reached as the bull market continues to advance. After the inflation report rekindled the markets hope that the Federal Reserve would cut interest rates, the stock market hit its longest weekly positive cycle since February this year. Strong corporate earnings also drove the stock market higher. "We maintain our bullish stance." Blue-chip stock analyst Larry Tentarelli said. He pointed out that "if this situation continues," it will lay the foundation for the Dow Jones Index to stand above 42,500 points by the end of this year. Mark Newton, an analyst at the US "Fund Strategy" global consulting firm, said: "The bullishness is correct, and the market consolidation will make the S&P 500 more attractive to further rise and stand above 5,400 points. It is a difficult choice for investors to choose to wait for the possible consolidation. But I think the facts will prove that any weakness is temporary."Ukrainian sources: Ukraines Security Service used military drones to hit an oil refinery and an airport in the Krasnodar region in southern Russia in a nighttime attack.

Crude Oil Price Prediction: Volatile Movement in the Crude Oil Markets Will Continue

Alina Haynes

Jul 20, 2022 12:07

截屏2022-07-20 上午11.54.21.png 

 

The price of West Texas Intermediate Crude Oil has fluctuated wildly as it appears that the $100 barrier presents major psychological resistance. The 50 Day EMA, which is just over the $105 level, must be watched if we are able to break above that level. In addition, there is a ton of supply there, plus a prior trendline that may serve as resistance. In summary, I think this market will continue to be quite agitated and competitive in both directions. You must thus use caution while choosing the size of your position.

 

Since Brent markets are located right below an uptrend line, they are also quite loud. A lot of people will pay close attention to that uptrend line, therefore I believe that any symptoms of exhaustion will likely be seized upon as the first ones to appear on the chart. I believe that the 50 Day EMA, which is positioned around the $108.76 level and declining, also presents a considerable amount of resistance.

 

As we try to decide whether or not we are going to continue to rally or if we are going to focus on the idea of a global slowdown from an economic standpoint, I believe it's only a matter of time before we pull back, perhaps just to stay in the same range that we have been in for a while. This is typical for this market. Right now, it appears that we are merely bouncing off the 200 Day EMA and may be attempting to settle into a new range.

Suggestion