Forwarded from FreshForex Analytics EN
πΊπΈ The US Department of Energy reported a reduction in crude oil inventories by 12.5 million barrels, which is favorable for rising oil prices.
πIt is advisable to use the correction to the lower border according to the Bollinger bands indicator to open a Buy position.
πInvestment idea: buy limit #BRENT 86.08, take profit 88.01.
πIt is advisable to use the correction to the lower border according to the Bollinger bands indicator to open a Buy position.
πInvestment idea: buy limit #BRENT 86.08, take profit 88.01.
Forwarded from FreshForex Analytics EN
π’ OPEC countries produced 0.94 million b/d less oil in November than indicated in the quotas approved at the October summit. Production problems are still experienced by Nigeria and Angola.
The oil cartel has not changed its demand forecast for this year. The partial reduction in oil consumption in China due to coronavirus restrictions is offset by an increase in demand in other countries.
πInvestment idea: buy limit #BRENT 81.78, take profit 83.31
The oil cartel has not changed its demand forecast for this year. The partial reduction in oil consumption in China due to coronavirus restrictions is offset by an increase in demand in other countries.
πInvestment idea: buy limit #BRENT 81.78, take profit 83.31
Forwarded from FreshForex Analytics EN
π’The American Petroleum Institute reported a reduction in black gold reserves in US storage facilities by 3 million barrels. Commercial oil reserves in the United States are at a seven-year low, and the strategic oil reserve has fallen to 1984 levels. Low inventories are favorable for rising oil prices.
πInvestment idea: buy limit #BRENT 80.00, take profit 81.18
πInvestment idea: buy limit #BRENT 80.00, take profit 81.18
Forwarded from FreshForexEN
December 22th
EURUSD Buy position
Support levels: 1.0611 β 1.0545
Resistance levels: 1.0673 β 1.0730
#BRENT Buy position
Support levels: 82.53 β 80.40
Resistance levels: 83.37 β 85.12
EURUSD Buy position
Support levels: 1.0611 β 1.0545
Resistance levels: 1.0673 β 1.0730
#BRENT Buy position
Support levels: 82.53 β 80.40
Resistance levels: 83.37 β 85.12
Forwarded from FreshForexEN
December 27th
XAUUSD Buy position
Support levels: 1798 β 1785
Resistance levels: 1812 β 1824
#BRENT Buy position
Support levels: 84.64 β 83.08
Resistance levels: 86.01 β 87.27
XAUUSD Buy position
Support levels: 1798 β 1785
Resistance levels: 1812 β 1824
#BRENT Buy position
Support levels: 84.64 β 83.08
Resistance levels: 86.01 β 87.27