PBFX | PBFX India U.S. Crude Oil WTI Fell 0.7%

avatar
· Views 46,353

On Tuesday (August 19), international oil prices declined, as traders considered that the Russia-Ukraine war may reach a ceasefire, which could lead to the relaxation or even removal of sanctions on Russian crude, thereby boosting global supply.


Analysts at Price Futures Group noted that even with such a potential “peace dividend,” the market still holds record short positions. Since many are betting on a ceasefire, if no agreement is reached, oil prices may rebound.


US WTI crude oil futures fell 46 cents, or 0.73%, to $62.24 per barrel.


Trading suggestion: After crude touched a daily low of 62.48, prices consolidated, closing at 62.84 with a long-lower-shadow bearish candlestick.

Trading strategy: Sell near 63.4, Stop loss 63.7, Target 62.5–61.3.


PBFX | PBFX India U.S. Crude Oil WTI Fell 0.7%


免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

  • tradingContest