Brent Crude, WTI Oil News and Analysis Announcement of extended production cuts reignites bullish momentum Bullish catalyst attracts lofty price targets for Brent and WTI Overheating concerns appear with the RSI entering overbought territory The analysis in this article makes use of chart patterns and key support and resistance levels. For more information visit our
Share: Saudi Arabia expected to extend its 1 million bpd output cut into October. Russia agrees with OPEC to cut exports next month. Positive business activity reports from China improve the oil demand outlook. US unemployment rate rises, wage growth slows, potentially pausing interest rate hikes. Western Texas Intermediate (WTI), the US crude
Share: WTI rose near the $82.90 zone, setting a three-day winning streak. Supply crunch fears amid the Hurracain Idalia tractions Oil prices. A stronger USD and the fragile Chinese situation may limit the upside. The West Texas Intermediate (WTI) rose on Wednesday and threatened the $83.00 resistance. What is driving the price upwards
Share: Natural Gas could fall as demand remains tepid and stockpiles high. The US Dollar is taking a step back with weak US data ahead of the jobs report. Expect a sideways to lower gas price as supply starts to build with less demand. Natural Gas could be retreating from its peak print in recent
Hello traders, Today I spotted two trading setups. My first setup was in USDCAD H1. Price was deeper inside the Supply Zone. The Supply Zone was well formed and also was formed inside Daily Supply Zone. For all those reasons i decided to click the zone label and create two Sell Market orders. The RR
Hello traders, Today I spotted three trading setups and i placed four positions in total. My first setup was in EURJPY M30. It was a well-formed Supply Zone that was formed in within higher timeframe Supply Zone. I clicked on the Zone Label and i created two Short Positions. My first TP Target was at
In the dynamic world of financial markets, traders are always on the lookout for tools that can help them make informed decisions. One such tool that has gained significant attention is the Shved Supply & Demand MT4 Indicator. This indicator, renowned for its effectiveness in technical analysis, serves as a valuable asset for traders seeking
New feature will be added on SUPPLY DEMAND EA PRO. Now you will be able to see next to the zone label the Relative Size Label. This label indicates the Size of the Zone comparing to the size of the whole chart of the current timeframe, and it is different from the Absolute Size of
In the fast-paced world of trading, having a strategic edge is essential. One tool that has gained significant popularity among traders is the Supply and Demand Zones MT4 indicator. This indicator empowers traders to make more informed decisions by identifying key areas of buying and selling interest on price charts. In this article, we’ll dive
Prior +11.3% New yuan loans ¥345.9 billion vs ¥800.0 billion expected Prior ¥3.05 trillion The slowdown in broad money growth in China continues with new yuan loans also dipping after the huge surge at the end of Q2. Beijing has a tough task in trying to balance out tighter credit conditions, providing more stimulus while
