Curious about the recent behavior of the US oil price? You’re not alone. Many traders are keeping a keen eye on the US oil price chart, trying to decipher where the US oil market is heading next. Something interesting is brewing this week with US oil trading. Could there be a lucrative opportunity as the price potentially dips to the $76 mark and then aims for a retest at $78?
Is It Time To Consider Trading US Oil?
In this video we discuss how the latest US inflation data and US CPI data could influence your online trading decisions. Will the Commitment of Traders report and the technical analysis predictions align to suggest a short-term buying trend? And let’s not forget, we’re also casting a glance at other pivotal economic news that could sway the market. Hit play and stay updated on US oil trading possibilities.
Michael is a financial content manager at Exness. He's been investing for around the last 15 years and trading CFDs for about the last nine. He favors consideration of both fundamental analysis and TA where possible.
