malaysia forex trading time–HXFXglobal reminds you:
Has USoil peaked? Attention On These Data Tonight
USOil Breaks Through 86 Again, How Would The Market React Today?
Aggressors are recommended to consider marginal Long above 85.30, Take-Profit at 87.73, Stop-Loss by 84.49. Non-Aggressors are advice to await for better entry.
API crude oil inventories (10,000 barrels) in the US to January 14 recorded 140.4 more than the market expected -136.7. Last week, the previous value of API gasoline inventories (10,000 barrels) were 1086 and the expected value of 226.7, and the published value was 346.3. A slight decline in inventory depletion limits the upward momentum of USOil. However, according to OPEC’s monthly report, there are still many member countries whose production increases are not as good as expected, and the influence of Omicron is gradually decreasing. The demand for oil during the year is still optimistic. In the day, the trend of USOil is more volatile and more for bulls, would suggest Investors to consider Long position as main idea. In the evening, pay attention to the weekly number of initial jobless claims in the United States to January 15 at 21:30, and the impact of the total number of existing home sales in the United States in December at 23:00.
In 2Hrs range, the candlestick completed the minor doubled-bottom rebounding tendency, and would be in favor for the Bull layout. KD uptrend, attracting the Buyers to intervene the market. Overall, a swaying Bullish pattern remains.
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