U.S. West Texas Intermediate crude oil futures are inching lower early Wednesday after posting a modest gain the previous session on below average volume. The market is being pressured by a private industry report showing a bigger-than-expected build in U.S. crude stockpiles that stoked fears for weak fuel demand and a potential supply glut. Hopes that OPEC and its allies will postpone a planned January increase to oil production underpinned prices.
At 06:48 GMT, January WTI crude oil futures are trading $41.49, down $0.16 or -0.38%.
What's next?
The direction of the January WTI crude oil futures contract on Wednesday is likely to be determined by trader reaction to $41.83.
For bearish scenario, a sustained move under $41.83 will indicate the presence of sellers. This could lead to a retest of $40.56 to $40.33. If the latter fails to hold then look for the selling to extend into $49.32.
For bullish scenario, overtaking and sustaining a rally over $41.83 will signal the presence of buyers. If this creates enough upside momentum then look for an eventual retest of $43.33 over the near-term.
Original analysis: https://www.fxempire.com/forec...
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
더 오래된 의견은 없습니다. 소파를 가장 먼저 잡으십시오.