Crude oil struggles near the $56.00 level during the earlier European session after several days of losses. Prices remain under pressure amid renewed supply concerns following President Trump’s comments about Venezuela’s oil flows. This keeps traders cautious despite slightly supportive fundamentals. President Trump mentioned that Venezuelan authorities agreed to supply 30-50 million barrels of sanctioned Read More…
Introduction Crude oil (CL) continues to trade just above the critical support level between $55 and $56. The price has bounced out of this level five times since April as bulls step in to defend the price level. Overall, the trend is bearish in the long term, but the bulls holding above the support level Read More…
Crude oil futures are trading around the $56.00 level, as the markets face pressure, balancing shifting geopolitical risks against a globally well-supplied oil market. The initial weakness suggests that increased expectations may exist for Russia and Ukraine to soon reach a peace agreement, which could result in the reversal of US sanctions on Russian energy Read More…
Introduction In our previous analysis, CL was trading just below the 200-day moving average after testing it as resistance. Price has since dropped from there by 8% to test the support zone at $55.8, and bulls will be trying to hold that level, as there are no horizontal support levels below that, which means we Read More…
Introduction For a limited time, OneUp Trader is giving traders a free reset with every evaluation purchased from December 15 through December 21. It’s a simple way to reduce risk, save $100, and give yourself more flexibility during your evaluation. If you’ve been thinking about joining the OneUp Trader-funded trader program, the time couldn’t be Read More…
Crude oil futures experienced increased volatility on Wednesday as geopolitical tensions, macroeconomic expectations and shifting supply flows collided. The markets were left torn between short-term supply risk and structural long-term concerns. The WTI futures settled near mid-58.00, while Brent futures ended above $62.00. The modest gain came after the US seized a sanctioned crude oil Read More…
