How To Make Money Today: WTI CRUDE OIL Daily Market Analysis and Forex Trading Signals 5 April 2022

To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…

whatsapp forex signals tresorfx

Looking for perfect daily analysis and/or a managed investment account with the world's biggest brokers and make stable 30% - 50% Return on Investment weekly?

Text us now on WhatsApp for more information! We are online waiting for you! 

OIL: 

On the H4, with price moving below the ichimoku cloud, we expect to see a potential for bearish drop from our 1st resistance of 113.70 in line with the pullback resistance and 38.2% Fibonacci retracement towards our 1st support level at 97.75 in line with the 61.8% and 78.6% Fibonacci projection, 161.8% Fibonacci extension, -27.2% Fibonacci expansion. Alternatively, If price breaks out, it can potentially move towards our 2nd resistance level at 123.24 which is in line with the swing high resistance.

Areas of consideration:

  • H4 time frame, 1st resistance of 113.70
  • H4 time frame, 1st support of 98.14
wti analysis

As supply fears grow, WTI Crude Oil jumps to the $105.50s.

  • WTI is trading at $105 as supply fears in Asian markets remain.
  • A hiatus in discussions in Vienna to resurrect the Iran nuclear agreement is also having an effect.

In Asia, West Texas Intermediate (WTI) crude oil rose on Monday and continued to rise on Tuesday. The bulls are still in play because to persistent supply worries, as Russian energy sanctions are still much on the table as a result of Russian troops’ civilian fatalities in north Ukraine.

As a consequence, a new high of $105.57 has been set in Tokyo, with the WTI spot up 1.38 percent. Jake Sullivan, the White House’s National Security Advisor, indicated that the US is coordinating more penalties on Russia with European partners. Sullivan said that they have decided that Russia has committed war crimes, and Bucha adds to the evidence, implying a long conflict. “The Ukraine-Russia battle might last months rather than weeks.”

In addition, a halt in Vienna on discussions to resurrect the Iran nuclear agreement is being factored in, which might result in extra Iranian barrels entering the market. The discussions were halted because of the United States, according to Iran. At 0028 GMT, Brent crude prices were up $1.58, or 1.5 percent, to $109.11 a barrel, while US West Texas Intermediate futures were up $1.61, or 1.6 percent, to $104.89 a barrel, thanks to the news. After Japanese industry minister Koichi Hagiuda indicated the International Energy Agency (IEA) was still working out terms for a proposed second wave of coordinated oil releases, the contracts rebounded $2 a barrel in earlier trading.

In the meanwhile, TD Securities analysts discussed the Biden administration’s plans to release up to 1 million barrels of oil per day from the US Strategic Petroleum Reserve.

“While the SPR release may alleviate near-term tightness worries, it does not address the oil market’s longer-term difficulties.” Structural deficits may remain in the future since these reserves will need to be replaced at a time when global spare capacity and inventory levels are still strained,” according to the researchers.

“In this sense, energy markets’ right tail is set to remain structurally fat, as depleted reserves would add to the existing risks of self-sanctioning, stretched spare capacity across OPEC+, constrained shale production, an uncertain Iran deal, and OECD inventories at their lowest levels since the Arab Spring. We believe that the huge diversity of supply concerns will continue to drive the energy market.”

WTI US OIL

OVERVIEW
Today last price103.83
Today Daily Change1.07
Today Daily Change %1.04
Today daily open102.76
TRENDS
Daily SMA20105.25
Daily SMA5098.01
Daily SMA10086.74
Daily SMA20080.22
LEVELS
Previous Daily High103.05
Previous Daily Low97.33
Previous Weekly High111.79
Previous Weekly Low96.94
Previous Monthly High126.51
Previous Monthly Low92.37
Daily Fibonacci 38.2%100.86
Daily Fibonacci 61.8%99.51
Daily Pivot Point S199.04
Daily Pivot Point S295.32
Daily Pivot Point S393.32
Daily Pivot Point R1104.76
Daily Pivot Point R2106.77
Daily Pivot Point R3110.48

United States's wealthiest traders share their secret trading strategy in the Extreme FX Wealth eBook. Register now and download! 

0.0 pips spreads | 500:1 leverage

Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)


This is how you can make €1000 income daily!

 

 

Register bellow and we will tell you how to do it (or we will do it for you.. for a small fee)



FOR DAILY SIGNALS, TECHNICAL VIEWS, MANAGED ACCOUNTS and other services with GUARANTEED PERFORMACE, simply text us on WhatsApp to get more info!

Click here to send a dircet text to us!

WhatsApp number: +447747535495


Daily Super Signals (Hit Take Profit targets: TP1 is 100% accurate, TP2 is 100% accurate, TP3 is 85% accurate)

Open an Account NOW

and gain access to the Premium Daily Signals, made by certified CFA traders with guaranteed minimum profit of 50 pips per trade (5 - 10 premium signals daily)

MAKE MORE MONEY


ENJOY YOUR LIFE! LEAVE THE TRADING TO US!

Text us for more info about our managed trading accounts!


 

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive daily signals, market analysis with precise entry and exit points and free educational videos.

You have Successfully Registered!

👋 Message us now on WhatsApp, we have great news for you!
WhatsApp chat