USDUSD Oil Prices react to Middle East

تم تحديثه
On Thursday January 11th ( earlier today) WTI Crude prices gyrated widely

likely in reaction to US /UK intervention on the terrorists who seized a tanker on the behalf of

Iraq in the Red Sea / Suez Canal area putting shipping and supply concerns into the oil industry

to offset any weak demand. The 15 minute chart shows a megaphone pattern as a

demonstration of waves of relative volatility in price action. I have a position shorting oil

and will now close that position as I see a long entry developing here. US companies that use

rail and pipeline matching domestic production to consumption are less impacted by this

oceanic shipping issue. I will focus on them especially. OXY is at the top of the list and then

MRO.
تم فتح الصفقة
لقطة
تم فتح الصفقة
More whipsaw volatility as expected buying more at the lower trendline of support.
تم فتح الصفقة
لقطة
ملاحظة
Increased volatility due to Iranian / Israeli conflict
ملاحظة
لقطة
ملاحظة
لقطة
bigoilgeopolitical-risklongoilMROmrolongOscillatorsOXYCrude Oil WTIusousdusousdlongVolatilityVolume

إخلاء المسؤولية