Oil prices look poised for further upside from a technical standpoint but tensions in the Middle East will remain the key driver of Oil prices in the week ahead. Will we see a fresh YTD high?
We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enabl...Elevate your trading skills with an extensive analysis of Oils prospects, incorporating insights from both fundamental and technical viewpoints. Download your free Q4 guide now!!prices fluctuate between gains and losses.
Another area is Venezuela now that US sanctions on oil have been lifted. Despite reports that not much will change in the short-term by OPEC and analysts alike should Venezuela spring any sort of surprise this could stoke volatility and push oil prices lower. In short though, no concrete events that I could point to as the main risk driver next week. Rather a lot of ifs/buts when it come to the geopolitical and fundamental risks heading into the week ahead.shows a strong uptrend with a potential higher high looking more likely given that the weekly candle looks set to close as a hammer.
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