Crude Oil Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Crude oil has experienced higher levels of volatility this year. Following a high of 94.00 at the end of July, the market has shown signs of neutrality and bearishness. Further bearishness could test the 75.00 price zone, with the possibility of a move back below the 70.00 level. Factors such as trader positioning, overall demand, and inflation expectations may serve as the primary catalysts for further downside.



From a bullish perspective, crude oil may be influenced by overall U.S. dollar demand and U.S. global policy. However, a move toward 100.00 may only become plausible if tensions between Iran and the United States escalate and potentially lead to a renewed conflict.

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