$WTI Crude Oil - main 2401(CLmain)$ $Micro WTI Crude Oil - main 2401(MCLmain)$ Crude Oil WTI Futures Weekly Trend Analysis:Entering the Bearish Zone 11 weeks ago, the market has been experiencing a downward trend. In the short term, the selling pressure is gradually weakening, indicating a potential rebound trend with $70 as a support level. It seems likely that we may see a shift towards a rebound trend in the coming 1-2 weeks as selling intensity diminishes. At the current juncture, the anticipated upward target in the rebound trend is $75, showcasing a restrained upward momentum.Looking at the medium to long term, the expected rebound trend does not appear to exhibit a strong buying force to e

Historically, there is often a sequential relationship between rising oil prices and high inflation, but is there a causal relationship between them? Inflation devalues the currency, leading to higher prices for consumer goods and services, while the rising cost of living in turn affects individual optional consumer spending and economic growth. Recently, oil prices have risen rapidly, and the market is once again worried about the U.S. inflation rate picking up.Historical data showed a correlation between rising oil prices and inflation. But there is evidence that the link between oil prices and inflation began to break decades ago. Bob Iaccino, co-founder of Path Trading Partners, said the relationship weakened after oil prices soared in the 1970s.图片How does the oil price affect the macr

ImageWTI crude oil has notched up a substantial 30%+ rally off the lows, and is now pushing up against a key resistance level (around ~$90/bbl), which if breached will open up the path above $100. Interestingly this rally has come with declining volatility (an orderly move).Aside from the failed breakdown below a key long-term support level, WTI crude has also notched up a golden cross (50-day moving average crossing above the 200-day), and has busted comfortably through multiple short-term resistance levels.While the technicals look good, the fundamentals are also decent with world oil demand breaking out to new post-covid highs, and supply growth constrained by multiple factors.The steady move lower in crude oil implied volatility shows there is an air of certainty around the rally in oi

$WTI Crude Oil - main 2310(CLmain)$ $Micro WTI Crude Oil - main 2310(MCLmain)$ $Brent Last Day Financial - main 2311(BZmain)$ $E-mini Crude Oil - main 2310(QMmain)$ ImageI’m a big fan of using technical breakouts as a prompt to take a closer look at a certain asset or market (to then go and build out the rest of the picture) —but a less common approach is to look at breakouts in fundamental indicators. And this one is worth looking at.The chart shows world oil demand (across all products, think: gasoline, diesel, jet fuel, LPG), what should be no surprise is the collapse in 2020 (as humanity collectively

$S&P 500(.SPX)$ $Gold - main 2306(GCmain)$ $WTI Crude Oil - main 2306(CLmain)$ $Micro WTI Crude Oil - main 2306(MCLmain)$ $E-mini Crude Oil - main 2306(QMmain)$ The crude oil vs gold ratio has peaked at a key level and turned down – threatening to break further lower...ImageAside from being interesting with respect to the relative attractiveness of gold miners vs energy stocks and relative trades within commodities, this chart is also interesting as a macro indicator…If the global economy does rollover into recession, that’s going to be negative for energy d