General crude oil market and WTI crude oil technical chart
USOIL Still in a downward trend.
Trump revoked Chevron's license to operate in Venezuela, which has fueled supply-side market concerns and supported a recovery in oil prices, but they are still on a downtrend and trade policy uncertainty has limited a recovery in demand expectations. The focus of the crude oil market will still need to pay attention to changes in the geopolitical situation, the US Dollar index, and the Trump administration's trade policy.

Notable technical levels are as follows.
Support: 68.52USD
Resistance: 70 - 71.43USD
Trump revoked Chevron's license to operate in Venezuela, which has fueled supply-side market concerns and supported a recovery in oil prices, but they are still on a downtrend and trade policy uncertainty has limited a recovery in demand expectations. The focus of the crude oil market will still need to pay attention to changes in the geopolitical situation, the US Dollar index, and the Trump administration's trade policy.

Notable technical levels are as follows.
Support: 68.52USD
Resistance: 70 - 71.43USD
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🧩Get an average of 1200 pips per month
🧩Consulting on Risk Management
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🧩Get an average of 1200 pips per month
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🚨🚨🚨FREE SIGNALS: t.me/+8q3AxDD9CsRjYzI1
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.