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Disliked{quote} Hope the price will rise until inventory numbers later today for maximum shortage potential.Ignored
Disliked{quote} Yes and it's going up nice and smooth, it's not strong and impulsive but corrective one. I think it's trying to touch 65.00. If it didn't do stupid impulse I'll sell from there.Ignored
Disliked{quote} Hoping to make 100 pips shorting the inventory numbers intraday. To bad it 's rollover day so i won't keep my position overnight. Besides that i noticed the gap between brent and wti is also shrinkingIgnored
WTI (oil futures on NYMEX) caught a fresh bid in mid-Asia and since then is on a steady rise towards the 2019 tops of 64.79, as the sentiment remains undermined by the increased expectations of tighter global markets amid ongoing OPEC output cuts and the US sanctions on Iran and Venezuela.
However, further upside could remain at mercy of the broader market sentiment, in the event of the Brexit Summit and FOMC March meeting minutes release. The Fed minutes could trigger extensive USD moves, which could eventually have a major impact on the USD-sensitive oil.
Meanwhile, markets may turn cautious ahead of the EIA crude stockpiles data due later in the NA session, especially after the API report showed that the US crude stocks rose by 4.1 million barrels in the week to April 5 to 455.8 million barrels.
Further, the downward revisions made to the global growth forecasts by the International Monetary Fund (IMF) a day before could also continue to keep a check on the upside attempts.
DislikedWTI stages a comeback towards 2019 tops ahead of EIA report 10 April 2019, 13:18 Bulls back in control amid tightening supplies due to the US sanctions and OPEC cuts. Global growth worries to keep the upside capped? Focus on US EIA weekly crude supplies report for fresh impetus. WTI (oil futures on NYMEX) caught a fresh bid in mid-Asia and since then is on a steady rise towards the 2019 tops of 64.79, as the sentiment remains undermined by the increased expectations of tighter global markets amid ongoing OPEC output cuts and the US sanctions on...Ignored
DislikedThis one also is interesting and I can't figure out why moves of Brent and WTI {image} Brent is doing what I wanted on WTIIgnored
DislikedThis one also is interesting and I can't figure out why moves of Brent and WTI {image} Brent is doing what I wanted on WTIIgnored
Disliked{quote} Hoping to make 100 pips shorting the inventory numbers intraday. To bad it 's rollover day so i won't keep my position overnight. Besides that i noticed the gap between brent and wti is also shrinkingIgnored
DislikedThis one also is interesting and I can't figure out why moves of Brent and WTI {image} Brent is doing what I wanted on WTIIgnored