WTI Crude Oil future...من Sally-vt

WTI Crude Oil futures (Oct) OPEC downgraded global oil market outlook OPEC downgraded the outlook for global oil market before an online monitoring meeting on Thursday, amid faltering demand and signs of a recovery of U.S. shale oil supply. OPEC projected that global oil demand would decrease by 9.46M b/d to 90.23M b/d in 2020. #forextrading #forextrader #forex #forexstrategy #forexmoney #forexmarket #forexlifestyle #forexsignals

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The world’s biggest crude exporter, Aramco announced capital expenditure for 2021 will be “significantly” lower than guidance ($40-45 billion) according to Aramco’s CFO Yet, Aramco can pump at max capacity for 1 year with no additional spending needed Later today, API will release U.S. oil stockpile change data for August 7. Last week the API reported the biggest decline in almost a year From a chartist point of view, prices are supported by an intraday rising trend line currently at 42 In addition, the 20 and 50-period moving averages crossed upward and are supporting prices The RSI remains bullish above its signal line A continuation of the rebound towards 42.65 and 42.95 is expected Alternatively, below 42, look for a return on 41.55 #forextrading #forextrader #forex #forexstrategy #forexmoney #forexmarket #forexlifestyle #forexsignals

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WTI Crude Oil futures (Oct) Trading within the range ahead of EIA crude oil inventories data.mp4 WTI crude oil futures (October) advanced 0.4% to $42.76 a barrel yesterday on better-than-expected crude oil inventories data. The American Petroleum Institute (API) reported that U.S. crude-oil inventories dropped 6.36 million barrels in the week ending August 28 (-1.89 million barrels expected). #forextrading #forextrader #forex #forexstrategy #forexmoney #forexmarket #forexlifestyle #forexsignals

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Corporate Dealmaking Bumps Stocks Higher Stocks are rising this Monday, led by tech, amid a series of corporate dealmaking activity, including activity out of Nvidia and Oracle. #forextrading #forextrader #forex #forexstrategy #forexmoney #forexmarket #forexlifestyle #forexsignals

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