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2022-01-19 10:45:00

OIL PRICE MOVING ABOVE $80

OIL PRICE MOVING ABOVE $80

 

After the Banking Holiday weekend on 18th January, we saw the Oil price #BRENT rise to a High Print of $86 average on the day.
There has also been signs of decoupling between the Russian Ruble and the BRENT Oil price as shown on the chart since the start of 2021.
My bias for the weekly trade is to wait upon the secondary support zone at $83.35 to bounce for a final target price of $88.56 price zone.
Remember,Dead Cats do bounce in this industry.
BRENT Crude is also paced to breaking a 13 year downtrend,let's see how much of the horns do the Bulls have this financial quarter.

Be keen on the price action,currently waiting to see how volume will be priced in as the Asia markets start to trade.
Cheers and nice week ahead from my team.

Andy Warr,
TophatFinance.

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Earlier:

OIL PRICE MOVING ABOVE $80
2022, January, 18, 13:10:00
OIL PRICE: ABOVE $87
Brent rose $1.02, or 1.2%, to $87.50 a barrel, WTI jumped $1.36, or 1.6%, to $85.18 a barrel.
OIL PRICE MOVING ABOVE $80
2022, January, 18, 13:05:00
ЦЕНА URALS: $77,164
Средняя цена на нефть Urals за период мониторинга с 15 декабря 2021 года по 14 января 2022 года составила $77,164 за баррель или $563,3 за тонну.
OIL PRICE MOVING ABOVE $80
2022, January, 17, 11:55:00
OIL PRICE: NEAR $86
Brent gained 40 cents, or 0.5%, to $86.46 a barrel , WTI was up 58 cents, or 0.7%, at $84.40 a barrel.
OIL PRICE MOVING ABOVE $80
2022, January, 14, 12:25:00
OIL PRICE: NEAR $85 ANEW
Brent rose 32 cents, or 0.4%, to $84.79 a barrel, WTI rose 32 cents, or 0.4%, to $84.79 a barrel.
OIL PRICE MOVING ABOVE $80
2022, January, 13, 14:25:00
OIL PRICE: NEAR $85
Brent gained 15 cents, or 0.2%, to $84.82 a barrel, WTI were up 3 cents to $82.67 a barrel.
OIL PRICE MOVING ABOVE $80
2022, January, 12, 10:35:00
OIL PRICES 2022-23: $75-$68
Brent crude oil spot prices averaged $71 per barrel (b) in 2021, and we forecast Brent prices will average $75/b in 2022 and $68/b in 2023.
OIL PRICE MOVING ABOVE $80
2022, January, 11, 12:10:00
ЦЕНА URALS: $69,0
Средняя цена на нефть марки Urals в январе-декабре 2021 года (среднегодовая) сложилась в размере $69,0 за баррель,
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Tags: OIL, PRICE, BRENT, WTI