OIL Testing 6 Month Low

3월 7일

OIL Testing 6 Month Low

OIL Analysis Yesterday, OIL tested a very strong area dating back six months to September 10, 2024. OIL reached $65 per barrel after a long time.

The market reaction was strong, pushing the OIL price up again to $67.3, an increase of nearly 1.7%.

Impact of U.S. Tariff Policy The uncertainty around U.S. tariff policy is creating concerns about demand growth, while major producers are set to increase output. However, this is not pushing oil prices down at the moment.

It looks like we could see a short-term bullish recovery before it moves down again. The liquidity near $65 should have been high as long as it is rising.

You may find more details in the chart!
Thank you and Good Luck!

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