Blogs

First time in history: oil price went negative

Forex

CRUIDE OIL FUTURES below zero Analysis, fundamental preconditions, possible scenario We witnessed a historic event yesterday no one could imagine – the WTI oil price dropped below zero. It means producers paid buyers to take oil off their hands. Just imagine: you go shopping, you take your goods and the seller pays you for that! […]

Oil got into trouble

Forex

One can get into history or trouble. Oil is in trouble  These are extraordinary times we live in! If in the 20th century, someone had said that the central banks’ interest rates and oil prices could fall into the negative area, he or she would have been laughed at. At the end of the second […]

Analysis for oil, gold, and EUR/USD for 21.04.2020

Forex

USCrude – oil Oil is trading in the middle-term downtrend. Sellers were breaking through the local lows, hitting fresh all-time lows yesterday. The price, however, hasn’t been yet consolidated below Target Zone 2 [17.69 – 17.13]. If the US session closes below 17.13 today, the next downside target will be in Target Zone 3 [12.09 […]

Dollar got some news from oil

Forex

Oil is drawing the greenback and the US stocks apart Everybody is talking about the V-shaped recovery. That is the trajectory being followed by the US stock market, and the global economy together with oil prices are expected to be moving this way. The oil market situation has been extraordinary, and the WTI even dived […]

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