USOIL | Exports of Crude Oil Meetings
On Funda:
"Indirect discussions between the United States and Iran, along with other parties to the 2015 deal on Tehran's nuclear programme, resumed on Saturday in Vienna and were described as "intense" by the European Union.
A U.S. return to the deal would pave the way for the lifting of sanctions on Iran that would allow the OPEC member to resume exports of crude.
It is "looking increasingly unlikely that we will see the U.S. rejoin the Iranian nuclear deal before the Iranian presidential elections later this week," ING Economics said in a note."
Chart Analysis
Over the chart it looks like it will drop for a bearish Wolfe wave somehow agreeing in sentiments with Funda. But on the Higher Time frame,...which that is the Weekly, the price is bullish in the 60-RSI area.
73.08 is our nearest target, and the 75.32 is our directional bias.
.
Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
"Indirect discussions between the United States and Iran, along with other parties to the 2015 deal on Tehran's nuclear programme, resumed on Saturday in Vienna and were described as "intense" by the European Union.
A U.S. return to the deal would pave the way for the lifting of sanctions on Iran that would allow the OPEC member to resume exports of crude.
It is "looking increasingly unlikely that we will see the U.S. rejoin the Iranian nuclear deal before the Iranian presidential elections later this week," ING Economics said in a note."
Chart Analysis
Over the chart it looks like it will drop for a bearish Wolfe wave somehow agreeing in sentiments with Funda. But on the Higher Time frame,...which that is the Weekly, the price is bullish in the 60-RSI area.
73.08 is our nearest target, and the 75.32 is our directional bias.
.
Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
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