Brent Crude – Oil on the rise again after taking a small breather
<p><a href="https://api.addthis.com/oexchange/0.8/forward/facebook/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Foil%2Fbrent-crude-oil-on-the-rise-again-after-taking-a-small-breather%2Fcerlam&pubid=ra-525512e4690e068c&title=Marketpulse%20%7C%20Home&ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/facebook.png" border="0" alt="Facebook" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/twitter/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Foil%2Fbrent-crude-oil-on-the-rise-again-after-taking-a-small-breather%2Fcerlam&pubid=ra-525512e4690e068c&title=Marketpulse%20%7C%20Home&ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/twitter.png" border="0" alt="Twitter" /></a><a href="https://api.addthis.com/oexchange/0.8/forward/email/offer?url=https%3A%2F%2Fwww.marketpulse.com%2Foil%2Fbrent-crude-oil-on-the-rise-again-after-taking-a-small-breather%2Fcerlam&pubid=ra-525512e4690e068c&title=Marketpulse%20%7C%20Home&ct=1" target="_blank"><img src="https://cache.addthiscdn.com/icons/v3/thumbs/32×32/email.png" border="0" alt="Email" /></a></p><ul>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>Price breaks higher after brief consolidation</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>Oil market remains tight, supporting prices</strong></li>
<li data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><strong>Momentum indicators may be key near $100</strong></li>
</ul>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><span data-slate-node="text">After a week of consolidation, oil prices are on the rise again on Wednesday ahead of the release of inventory data from EIA. </span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element"><span data-slate-node="text">The API release yesterday may have surprised some, recording an increase of 1.586 million barrels, a lot more than the 0.7 million decline that’s expected today.</span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><span data-slate-node="text">But it won’t alter the view that the market is extremely tight following a number of supply cuts from OPEC+ countries. I think what we’ve seen over the last week or so is a little profit-taking and the fact it’s already on the march higher is potentially a sign of how bullish traders still are.</span></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><iframe loading="lazy" width="560" height="315" src="https://www.youtube.com/embed/egzjP5DyUac?si=CSU583geKw-cn7uI" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><strong>How much higher can oil prices go?</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">After a week or so of consolidation, Brent crude has broken higher again following a move above the top of the bullish flag formation.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><strong>BCOUSD Daily</strong></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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"><a href="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-27_16-27-15.png" target="_blank" rel="noopener"><img loading="lazy" class="aligncenter wp-image-807790" src="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-27_16-27-15-1024×436.png" alt="" width="620" height="264" srcset="https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-27_16-27-15-1024×436.png 1024w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-27_16-27-15-300×128.png 300w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-27_16-27-15-768×327.png 768w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-27_16-27-15-1536×654.png 1536w, https://www.marketpulse.com/wp-content/uploads/2023/09/BCOUSD_2023-09-27_16-27-15.png 1793w" sizes="(max-width: 620px) 100vw, 620px" /></a></p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="JTVCJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkFmdGVyJTIwYSUyMHdlZWslMjBvZiUyMGNvbnNvbGlkYXRpb24lMkMlMjBvaWwlMjBwcmljZXMlMjBhcmUlMjBvbiUyMHRoZSUyMHJpc2UlMjBhZ2FpbiUyMG9uJTIwV2VkbmVzZGF5JTIwYWhlYWQlMjBvZiUyMHRoZSUyMHJlbGVhc2UlMjBvZiUyMGludmVudG9yeSUyMGRhdGElMjBmcm9tJTIwRUlBLiUyMFRoZSUyMEFQSSUyMHJlbGVhc2UlMjB5ZXN0ZXJkYXklMjBtYXklMjBoYXZlJTIwc3VycHJpc2VkJTIwc29tZSUyQyUyMHJlY29yZGluZyUyMGFuJTIwaW5jcmVhc2UlMjBvZiUyMDEuNTg2JTIwbWlsbGlvbiUyMGJhcnJlbHMlMkMlMjBhJTIwbG90JTIwbW9yZSUyMHRoYW4lMjB0aGUlMjAwLjclMjBtaWxsaW9uJTIwZGVjbGluZSUyMHRoYXQncyUyMGV4cGVjdGVkJTIwdG9kYXkuJTIyJTdEJTVEJTdEJTJDJTdCJTIydHlwZSUyMiUzQSUyMnBhcmFncmFwaCUyMiUyQyUyMmNoaWxkcmVuJTIyJTNBJTVCJTdCJTIydGV4dCUyMiUzQSUyMkJ1dCUyMGl0JTIwd29uJ3QlMjBhbHRlciUyMHRoZSUyMHZpZXclMjB0aGF0JTIwdGhlJTIwbWFya2V0JTIwaXMlMjBleHRyZW1lbHklMjB0aWdodCUyMGZvbGxvd2luZyUyMGElMjBudW1iZXIlMjBvZiUyMHN1cHBseSUyMGN1dHMlMjBmcm9tJTIwT1BFQyUyQiUyMGNvdW50cmllcy4lMjBJJTIwdGhpbmslMjB3aGF0JTIwd2UndmUlMjBzZWVuJTIwb3ZlciUyMHRoZSUyMGxhc3QlMjB3ZWVrJTIwb3IlMjBzbyUyMGlzJTIwYSUyMGxpdHRsZSUyMHByb2ZpdC10YWtpbmclMjBhbmQlMjB0aGUlMjBmYWN0JTIwaXQncyUyMGFscmVhZHklMjBvbiUyMHRoZSUyMG1hcmNoJTIwaGlnaGVyJTIwaXMlMjBwb3RlbnRpYWxseSUyMGElMjBzaWduJTIwb2YlMjBob3clMjBidWxsaXNoJTIwdHJhZGVycyUyMHN0aWxsJTIwYXJlLiUyMiU3RCU1RCU3RCU1RA==">Source – OANDA on Trading View</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">Naturally, the move has got people talking about $100 oil again, whether it will happen and if so, how much further it will go. While multiple factors will feed into the latter, the question of whether it will reach the level may become clearer quite soon.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">This is a major psychological level and it proved to be so the last time it traded here almost a year ago. On that occasion, the price briefly pierced the level in early November but failed to make a sustainable and substantial move above.</p>
<p data-slate-block="regular" data-slate-type="paragraph" data-slate-value="{" data-slate-node="element" data-slate-fragment="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">It will be interesting this time to see how the momentum indicators – on this chart the MACD and stochastic – behave now that the price has broken higher. A divergence may suggest the price could struggle the closer it gets while fresh highs alongside price could be a bullish signal.</p>
Leave a Comment