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On December 22, local time, Ukrainian President Volodymyr Zelenskyy revealed via social media that the Ukrainian team was in Florida, USA, reviewing clauses of documents related to ending the Russia-Ukraine conflict, security guarantees in Ukraine, and post-war reconstruction, and discussing the timeframe for the implementation of the resolutions. Zelenskyy stated that the consultations had made constructive progress, and the relevant outcomes were of great significance to the peace process and the long-term stability of Ukraine. He looked forward to briefings from Ukrainian officials on the details of the talks.On December 22, local time, U.S. Presidential Special Envoy Witkov stated that over the past three days, the Ukrainian delegation held a series of productive and constructive meetings with U.S. and European partners in Florida, with separate constructive meetings also held between the U.S. and Ukraine. Witkov also noted that the talks with the Ukrainian delegation focused particularly on the timeline for discussions and the sequence of follow-up steps.December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.

WTI Price Analysis: Rebounds from 50% Fibo./100-period SMA support confluence

Alina Haynes

Oct 17, 2022 14:46

截屏2022-10-17 下午2.39.40.png 

 

The price of WTI crude oil regains some positive momentum on the opening day of a new week and maintains its position above the $85.00 threshold heading into the European session.

 

From a technical standpoint, the commodity defends the $84.50-$84.25 confluence combining the 4-hour 100-period SMA and the 50% Fibonacci retracement level of the $76.08-$92.63 advance. The aforementioned region should now serve as a crucial turning point, which, if decisively broken, will pave the way for a continuation of the recent rapid drop from the highest level since August reached last week.

 

In the interim, any future advance is likely to encounter resistance between $85.70-$85.75. This is closely followed by the $86.00 mark and the 38.2% Fibonacci level in the $86.30 region, over which current prices might reach $87.00. The momentum may extend into the $87.45 barrier en route to the $88.00 mark and the 23.6% Fibonacci level, in the $88.55-$88.60 supply zone.

 

In contrast, weakening below the $85.00 round number may continue to find support near the intersection of $84.50 and $84.25. A convincing break below will serve as a new catalyst for pessimistic traders and pave the way for further declines. The price of WTI crude oil might possibly decline below $84,00 and test the next key support between $83.40-$83.35 before falling to the $83.00 level.