- Análisis
- Análisis de mercado
- Análisis técnico
- Oil Continues to Drop
Oil Continues to Drop
The price of oil fell sharply by nearly 5 per cent on Tuesday after comments that Saudis are ready to boost production to counterbalance missing barrels from Iran. This has caused a panic sell-off and the WTI benchmark dropped more than 3 USD. The price of oil was trying to consolidate on Wednesday and it was 0.30 per cent stronger during the London session, trading at around 66.30 USD.
The price dropped below the important level of 67.25 USD, where previous lows were converged with the 200-day moving average. The trend, therefore, switched to bearish and oil is now officially located in the correction territory, as the commodity is down 14 per cent from its October highs.
Bears will probably defend the mentioned level of 67.25 USD and if this resistance falls, further rise toward the 100-day moving average at 69.60 USD could occur.
On the downside, bulls are trying to hold the bullish trend line near yesterday's lows at 65.80 USD and if this support cracks, another stronger demand zone could be at June and August lows near 64.40 USD. The outlook seems bearish, as long as oil trades below 67.25 USD. Also, the outlook points to the possibility of rallies being sold.
Disclaimer:
Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or an investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.
©2000-2025. Todos los derechos reservados.
El sitio es administrado por Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
La información presentada en el sitio, no es una base para tomar decisiones de inversión y es proporcionada sólo con fines informativos.
La empresa no atiende ni presta servicio a clientes residentes en Estados Unidos, Canadá y los países incluidos en la lista negra del FATF.
La realización de operaciones comerciales en los mercados financieros con instrumentos financieros de margen, abre grandes oportunidades y permite a los inversores que estén dispuestos a correr riesgos a obtener altos rendimientos, pero al mismo tiempo conlleva un nivel de riesgo de pérdidas potencialmente alto. Por lo tanto, antes de comenzar a comercializar, se debe tomar de manera responsable a la cuestión de elegir la estrategia de inversión correspondiente, teniendo en cuenta los recursos disponibles.
Uso de información: al usar completamente o parcialmente los materiales del sitio, el enlace a TeleTrade como fuente de información es obligatorio. El uso de materiales en Internet debe ir acompañado de un hipervínculo al sitio teletrade.org. Importación automática de materiales e información del sitio está prohibida.
Para cualquier duda o pregunta, póngase en contacto con pr@teletrade.global.
transferencias bancarias
