Oil now

The main oil brands on Tuesday were traded near two-day highs on correction after the collapse. Previously, pressure was exerted on oil by Trump’s announcement of an agreement with OPEC representatives to increase oil exports. This was due to the tightening of sanctions against Iran. To which Iran declared that it would continue to export oil at the same volume.

The overall dynamics of oil remains restrained positive, on correction after decline and the absence of data on a clear increase in supply. Geopolitical risks to the oil market continue to have a significant impact. Despite the fact that the oil market began to react with more restraint to possible risks, the dynamics of oil remain restrainedly ascending, limited to 72.50-73.00 for Brent and 65.00-65.50 for WTI.

Look Technical Analysis.

Brent crude is oil traded in the region of $ 72.20, an increase of about + 0.90% in price.

WTI oil is traded at around $ 64.30, a rise of about + 1.20% in price.

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Dani Leviant

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Topical articles of the trader’s blog:

1. Sanctions against Iran, their aggravation and impact on the world market
2. Multifactorial analysis of the Forex market
3. Expectations from the USD/JPY for the end of April – early May

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1. CAT shares give SUPER-opportunity to earn in April!