here is fallow up analysis of WTI
The range is tight ahead of today’s American Petroleum Institute (API) weekly inventories report
and stockpiles report from the U.S. Energy Information Administration (EIA).
todays The API will release its weekly inventories report at 21:30 GMT. Traders expect the report to show crude oil stockpiles rose by 1.6 million barrels Capping prices today are worries over rising global coronavirus cases.
Underpinning the market is a report of a blast in Saudi Arabia that may have disrupted supply, at least temporarily.
oil remains bearish in the 15m chart look for selling opportunities as long as 53.20 is your resistance level
The range is tight ahead of today’s American Petroleum Institute (API) weekly inventories report
and stockpiles report from the U.S. Energy Information Administration (EIA).
todays The API will release its weekly inventories report at 21:30 GMT. Traders expect the report to show crude oil stockpiles rose by 1.6 million barrels Capping prices today are worries over rising global coronavirus cases.
Underpinning the market is a report of a blast in Saudi Arabia that may have disrupted supply, at least temporarily.
oil remains bearish in the 15m chart look for selling opportunities as long as 53.20 is your resistance level
