Free no deposit Bonus Forex
Sunday, 19.01.2020, 12:43
Welcome Guest | RSS
 
Main RegistrationLogin
Site menu
Login form
Earn 3-10% per
FreshForex bonus
Cripto Invest
Statistics

Total online: 1
Guests: 1
Users: 0
...
Main » 2019 » December » 12 » Oil today - how to earn? Trading ideas 12/12/2019: Will Brent will test $ 65 a barrel?
12:24
Oil today - how to earn? Trading ideas 12/12/2019: Will Brent will test $ 65 a barrel?

article34668.jpg

Brent crude oil at the end of the trading session on Wednesday fell by 0.3%, closing the day at $ 63.83 per barrel. On the eve of the pressure of the oil had data on US oil inventories change. According to a report released Wednesday the EIA, oil reserves in the US last week rose by 800 thousand. Barrels, while experts predicted a decline of 2.7 million.

 

Commercial Counselor of the trader

 

 

On the side of sellers is also a risk that in the future supply of oil year may significantly exceed demand. On Wednesday, OPEC left growth forecast proposals outside the cartel in 2020 at a level of 2.17 million. Barrels per day, while global oil demand growth forecast for this and next year has been maintained at a level of 0.98 million. And 1.08 mln. barrels per day, respectively. Earlier, at a meeting in Vienna with the Energy Pact agreed on the need for additional production cuts at the 500 th. Barrels per day, which will be valid until the end of March 2020. The cumulative reduction proposals of the coalition will be 1.7 million. Barrels per day.


Thus, the OPEC countries have taken steps in advance + in order to avoid an excessive increase in supply on the background of a potential slowdown in the global economy. Support for oil before the end of this week may also have positive news from the fields of trade negotiations the US and China. If China intends to avoid raising taxes, which should come into force on December 15, Beijing needs to convince Trump to postpone the decision. And it must be done in the next three days. Having said that, Brent crude oil still has the potential to test the resistance of $ 65 per barrel.


Brent BuyLimit 63,50 TP 67,70 SL 62,90

 

Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Author Artem Deev analyst AMarkets shall not be liable for any damages in case of a vision materials

 

 

Similar articles:

FOREX FORECAST → How to make the trader today? Trading ideas 13/06/2019: Oil pressure on the "Canadian"

FOREX FORECAST → How to make the trader today Trading Ideas 04.06.2019:? ERU / USD - a chance to sell more

FOREX FORECAST → How to make money in the Forex today? Trading Ideas traders 18/06/2019: Australians sent to a prolonged peak.

News → the Forex - how much can you earn? Example of earnings in the foreign exchange market (from 5 October to 9 October 2015) on the pair EUR / USD?

FOREX FORECAST → How to make money in the forex market today? Trading Ideas traders 19/06/2019 - ECB against expensive euro!

 

 

Views: 26 | Added by: mik | Rating: 0.0/0
Total comments: 0
Only registered users can add comments.
[ Registration | Login ]
Search
Forex Brokers
WELCOME 35USD
Calendar
Entries archive
Our poll
Rate my site
Total of answers: 40
Site friends
  • Create a free website
  • Online Desktop
  • Free Online Games
  • Video Tutorials
  • All HTML Tags
  • Browser Kits
  • Rating
    Copyright Bonus-FX.com © 2020-2012
    Website builderuCoz