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Opec

Crude Oil Outlook - USD106 as major resistance 02 Apr 23 OPEC+ made a surprise announcement to reduce its production starting May. The direction of the commodities price is always about supply and demand. With the China opening, there will be an increase in the demand for crude. The reduction on its production will likely cause crude to trend much higher. Video explained why crude to break above USD106. 3 types of crude oil for trading: • Crude Oil Futures 0.01 per barrel = $10.00 Code: CL • E-mini Crude Oil Futures 0.025 per barrel = $12.50 Code QM • Micro WTI Crude Oil 0.01 per barrel = $1.00 Code: MCL Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NYMEX:CL1!Long
by konhow
2
ORBEX: WTI, GOLD: China Wants US to Roll Back Sept's Tariffs!In today’s #marketinsights video recording, I talk about #crude #oil and #gold. Flows seem to have been affecting the two assets in different ways; potential oil production cuts were somewhat offset with #tradear narratives as China is asking the US to roll back September's tariffs, and gold slid lower on the back of a stronger dollar owed to positive #ISM data and weaker majors such as the #euro and #pound. From a technical perspective, #wti's correction seems exhausted, whereas #xauusd's slide could have either ended (or ending currently) or we might see another downside leg to complete minor 4 lower. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
FX_IDC:XAUUSD
by Orbex
DXY, SPX: Hang on Fed & GeopoliticsIn today's #marketinsights video recording I analyse DXY and SXP! Equities look bullish and the US index bearish, from a technical perspective. On the (geo)-political front their prices are and could remain being affected by: - A somewhat dovish?! Fed - BoE and Brexit (BoJo visits EU today for talks!) - SA attack and expectations on reduced oil production - Weakening Chinese data - US-Sino tradewar optimism On the other hand, don't forget that policy-pessimism is going to matter most?! Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
OANDA:SPX500USD
by Orbex