Condiciones de negociación
Products
Herramientas
The oil price is trading around $88.50. Since the opening of this week's trading session, it has been consolidating above $87. We saw a strong move that has pinned the price above the 200-day EMA.
However, oil has not been able to consolidate above this zone, and it will likely pull back and trade below $87.50.
If crude oil breaks below the 7/8 Murray level and consolidates below this area, it could be considered a signal to open short positions, and we could expect the price to fill the gap between Friday's close and Monday's opening around $81.
Conversely, if crude oil consolidates above $89.50 in the coming hours, this could be seen as a positive signal, and we could buy with targets at $96 and ultimately at the psychological level of $100 around the 8/8 Murray level.
The political backdrop of the war in the Middle East is the primary driver behind the price movement nowadays; therefore, we believe this situation is not yet over, and we expect the USD/OIL pair to continue rising in the coming days.
Given that crude oil is under downward pressure and still has to fill the gap, we could expect it to reach $81 or $75 before opening long positions with a target at $100.
¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
