US Oil chart - Trading View
WTI Crude Oil prices plunged over 38% on the day to hit lowest since 1999.
Lockdowns imposed to curtail the spread of COVID-19 have crushed demand for the black gold.
The OPEC+ agreement only proved to be a temporary relief when WTI traded back above $20.
Implementation of the accord between Saudi Arabia, Russia, and others begins only in May.
Further cuts in output may be needed to hold prices from plummeting further. WTI Crude is likely to flirt with $10 levels.
Technical indicators point to further pain. Volatility is rising and momentum strongly bearish.
Oscillators are at oversold levels, but no major signs of reversal yet. Bears likely to target $10 levels.


FxWirePro: EUR/ NZD consolidating around 2.0200, room for further gains
FxWirePro- Woodies Pivot(Major)
FxWirePro: GBP/NZD edges up, remains on front foot
Energy Sector Outlook 2025: AI's Role and Market Dynamics
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro- Major Pair levels and bias summary
European Stocks Rally on Chinese Growth and Mining Merger Speculation
2025 Market Outlook: Key January Events to Watch
Moldova Criticizes Russia Amid Transdniestria Energy Crisis
FxWirePro- Major European Indices
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 



