Trump's Return and Oil Price Trends: Technical Analysis and Future Outlook
Автор: TradeDA 交易达人
Загружено: 2025-01-26
Просмотров: 7393
Trump returned to the White House and quickly took action to fulfill campaign promises, including allowing drilling on federal lands and urging OPEC to lower oil prices. These moves caused oil prices to fall from last week's high of $80.77 per barrel to $74.01 per barrel, eventually stabilizing at $74.60 per barrel over the weekend. However, technical analysis shows that oil prices may be forming a rounding bottom pattern and the long-term bullish trend remains strong.
In this video, we will take a deep look at the price action of Brent Crude Oil and West Texas Intermediate (WTI). Using continuous crude oil futures charts from ICE and NYMEX, we will explore the short-term pullback in oil prices, the medium-term upside potential, and the long-term bullish trend. In addition, we will discuss the potential impact of geopolitical factors such as the Russia-Ukraine war on oil prices.
• Trump's Return and Oil Price Trends: Techn...
Creators:Daniel Ang
Editor:Jiya Fan
Inspector:Devin Ting
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