empty
31.03.2025 12:39 PM
WTI – West Texas Intermediate. Prices Lack Support for Growth

This image is no longer relevant

West Texas Intermediate (WTI) crude oil prices are attempting to attract buyers, but the market remains in a state of uncertainty.

Concerns over President Trump's aggressive trade tariffs are putting pressure on fuel demand, which is a significant factor limiting oil price growth. Additionally, the upcoming OPEC+ program to increase oil production in April—and likely in May as well—creates further barriers to price gains.

The situation is further complicated by Trump's threats to impose secondary tariffs on Russian oil if he feels that Moscow is obstructing his efforts to end military actions in Ukraine. Trump has also threatened Iran with bombings and secondary tariffs if the country refuses to sign a nuclear agreement. These threats increase the risk of potential supply disruptions from both Russia and Iran, thereby offering some support to crude oil prices.

It is also worth noting that rising expectations of the Federal Reserve resuming its rate-cutting cycle could put pressure on the US dollar, which in turn may support dollar-denominated oil prices.

From a technical standpoint, oscillators on the daily chart are mixed, indicating a current range-bound market. WTI support lies at the 68.60 level; below that, prices may stabilize around 68.25, with a potential pause at the psychological level of 67.00.

On the other hand, clear resistance is located at the round level of 70.00. If prices break above this level, they will then face resistance at 70.10, and sustained strength beyond this area could take prices up to 70.50, where the 100-day simple moving average (SMA) is located. Therefore, it is advisable to wait for clarity before entering new positions. However, the RSI (Relative Strength Index) has just started to gain upward momentum, indicating that the path of least resistance is currently to the upside.

Pilih carta masa
5
min
15
min
30
min
1
jam
4
jam
1
hari
1
minggu
Jana pendapatan melalui perubahan kadar mata wang kripto dengan InstaForex.
Muat turun MetaTrader 4 dan buka dagangan pertama anda.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    SERTAI PERADUAN

Artikel yang dicadangkan

Faktor Ketidakpastian Akan Memberi Tekanan kepada Dolar dan Menyokong Permintaan untuk Aset Perlindungan (Terdapat kemungkinan penurunan lanjut dalam USD/JPY dan peningkatan harga emas)

Pasaran global terus dipengaruhi secara mendalam oleh tingkah laku tidak menentu Donald Trump. Dalam usahanya untuk mengurangkan pergantungan ekonomi Amerika Syarikat yang serius terhadap import, Trump terus mengolah isu duti

Pati Gani 09:45 2025-04-14 UTC+2

Pasaran Ingin, Tetapi Ragu-ragu

Adakah anda mempunyai rancangan, Encik Donald Trump? Ada yang percaya bahawa apa yang sedang berlaku adalah diplomasi yang bijaksana — mereka berharap apabila cadangan serius dari negara lain sampai

Marek Petkovich 09:45 2025-04-14 UTC+2

Apakah yang Perlu Diberi Perhatian pada 14 April? Pecahan Acara Asas kepada Pedagang Baharu

Analisis Laporan Makroekonomi: Tiada acara makroekonomi dijadualkan untuk hari Isnin. Namun, latar belakang makroekonomi tidak begitu menarik minat para pedagang pada masa ini. Sekurang-kurangnya, ia tidak menggerakkan pergerakan pasangan mata

Paolo Greco 06:08 2025-04-14 UTC+2

Pratonton Mingguan EUR/USD: Pentas Terus Beraksi

Minggu lalu, EUR/USD mencatat kenaikan paling kuat tahun ini, meningkat dari 1.0882 ke paras tertinggi mingguan 1.1474. Selepas lonjakan mendadak seperti ini, fasa pengunduran atau pengukuhan pembetulan biasanya menyusul. Walau

Irina Manzenko 05:37 2025-04-14 UTC+2

Gambaran Keseluruhan GBP/USD. 14 April: Pound British Masih Menjadi Tebusan Dolar

Pasangan mata wang GBP/USD juga didagangkan lebih tinggi pada hari Jumaat. Namun, perlu diingat bahawa mata wang British—yang pernah dipuji kerana ketahanan luar biasanya terhadap dolar dalam beberapa tahun kebelakangan

Paolo Greco 03:37 2025-04-14 UTC+2

Tinjauan EUR/USD. 14 April: Dolar—Dari Peneraju Menjadi Yang Peling Merosot

Pasangan mata wang EUR/USD meneruskan kenaikan berterusannya pada hari Jumaat. Pada tahap ini, tiada lagi persoalan mengenai apa yang sedang berlaku dalam pasaran mata wang—ianya semudah yang disangka. Donald Trump

Paolo Greco 03:37 2025-04-14 UTC+2

Dolar AS: Pratonton Mingguan

Beberapa acara penting akan berlangsung dalam minggu hadapan. Sudah tentu, laporan seperti pengeluaran industri, jualan runcit dan jualan rumah baharu perlu diberi perhatian. Pada pandangan pertama, laporan-laporan ini kelihatan tidak

Chin Zhao 00:59 2025-04-14 UTC+2

BCE Mungkin Memotong Kadar Faedah Dua Kali

Euro sedang menunjukkan kenaikan yang mendadak berbanding dolar AS. Pasangan EUR/USD telah mencapai paras tertinggi dalam tiga tahun dan tidak menunjukkan tanda-tanda akan memperlahan. Sementara itu, menurut kaji selidik pakar

Jakub Novak 12:42 2025-04-11 UTC+2

AUD/USD. Analisis dan Ramalan

Pasangan AUD/USD sedang berusaha untuk menarik pembeli dalam pemulihan dari tahap psikologi 0.5900, menandakan tahap terendah sejak Mac 2020. Momentum menaik ini berjaya mengatasi tahap sekitar 0.6200, didorong oleh keyakinan

Irina Yanina 12:39 2025-04-11 UTC+2

Pasaran Menghadapi Tempoh Ketidakstabilan yang Berpanjangan (USD/JPY dan USD/CHF Dijangka Terus Menurun)

Pada hari Khamis, pelabur menyedari bahawa kestabilan tidak wujud pada masa ini. Volatiliti pasaran yang tinggi kekal dan akan terus mendominasi untuk suatu tempoh masa. Penyebab utama keadaan ini adalah

Pati Gani 09:11 2025-04-11 UTC+2
Tidak boleh bertanya sekarang?
Tanya soalan anda di Ruangan bersembang.
Panggilan semula Widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.