Oil Prices Surge As Russia Undertakes Military Operations In Ukraine
Oil prices rally after the Russian President announced, a few hours ago, military operations in Ukraine
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Oil prices rally after the Russian President announced, a few hours ago, military operations in Ukraine
Oil Technicals Oil prices have appreciated as the tensions between Russia and Ukraine have intensified. The chart on the left below shows the USOil weekly heikin ashi chart. These candles are trend-following indicators and are trading in USOil's strength zone, between the upper blue and red bands. I.e., the two trend-following systems are reinforcing one another. The weekly RSI is within regular readings, implying that there is still potential scope…
The precious metal is slides during the European session, but had managed to set new highs earlier, as markets process the latest developments around Ukraine
Oil prices rise today as fresh Ukraine fears emerge, despite hopes for a successful outcome of the Iran nuclear talks
The safe-haven staple slumped on Tuesday, due to hopes of de-escalation in Ukraine, but today it steadies as some of the initial optimism wanes
Heightened fears of Russian invasion in Ukraine had sent the commodity fresh 7+ year highs on Monday, but today it drops, as latest news have created some optimism around the situation
The precious metal is in its second positive week, extending gains into the fourth straight day, but continues to lack firm direction
USOil is on the defensive following last week’s fresh multiyear highs, with markets turning their focus to the negotiations of western countries with Iran, around its nuclear program
The commodity was undeterred by US Dollar strength from the Fed’s tightening path and rises to its highest level since October 2014, helped by geopolitical tensions
Oil is bid on the Russian-Ukraine tensions. UKOil, FXCM's Brent CFD, rose to a seven-year high, almost hitting $90/barrel. Other exacerbating issues are tight supply and Middle East geopolitical tensions between the Saudi-led coalition and the Iranian-backed Houthis. The weekly chart below (left) shows UKOil in its bullish zone between the upper red and blue bands. Both red Bollinger bands are moving upwards, which suggests an uptrend. The UKOil H4…
Middle East Tensions Crude prices have risen as tensions escalate in the Middle East. There is a fear of supply disruptions following an attack by Yemen's Houthi group against the UAE. The Houthis are aligned with Iran. whilst the UAE is a part of the Saudi Arabian-led coalition. The Houthis used missiles and drones, which exploded fuel trucks, killing three people, and started a fire near the Abu Dhabi airport.…
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