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: GBP/NZD edges up, remains on front foot
FxWirePro- Woodies Pivot(Major)
S&P 500 Relies on Tech for Growth in Q4 2024, Says Barclays
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
Goldman Predicts 50% Odds of 10% U.S. Tariff on Copper by Q1 Close
FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro- Woodies Pivot(Major)
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data
FxWirePro: USD/CNY drifts lower, vulnerable to more downside
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential
FxWirePro: AUD/USD slips amid wavering risk sentiment
Aussie Ascent: AUDJPY Reclaims 110.00 as Bullish Momentum Ignites
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
GBPJPY Surges to 211.88: Sterling Bulls Target 215 Amid Broad-Based Buying 



