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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SOURCE
SPX
S&P 500 Index
7310.67
7310.67
7310.67
7483.15
7237.85
-95.05
-1.28%
--
--
DJI
Dow Jones Industrial Average
50532.59
50532.59
50532.59
51260.92
50211.12
-253.41
-0.50%
--
--
IXIC
NASDAQ Composite Index
25349.13
25349.13
25349.13
26259.92
24980.38
-580.52
-2.24%
--
--
USDX
US Dollar Index
99.850
99.850
99.930
100.020
99.620
-0.050
-0.05%
--
--
EURUSD
Euro / US Dollar
1.15505
1.15505
1.15512
1.15778
1.15268
+0.00189
+ 0.16%
--
--
GBPUSD
Pound Sterling / US Dollar
1.33852
1.33852
1.33859
1.34107
1.33307
+0.00473
+ 0.35%
--
--
XAUUSD
Gold / US Dollar
4264.22
4264.22
4264.65
4363.43
4236.52
-65.73
-1.52%
--
--
WTI
Light Sweet Crude Oil
86.152
86.152
86.182
89.917
84.770
-3.542
-3.95%
--
--
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SlowBear ⛅ 
SlowBear ⛅
Guys i will see you all here tomorrow - have a safe trip!!
rawa ronte 
tadi ada yang buy gak di di 3236.. pas area pantulan suport daily.. sekarang running profit tuh😅💃💃
EuroTrader 
EuroTrader
Nawhdir Øt94 
the selloff in chipmaker deepens of Nasdq100 & spx
john 
Nawhdir Øt94
Osaghae Cephas
rawa ronte
Nawhdir Øt94
Osaghae Cephas
EuroTrader
rawa ronte
EuroTrader
john
rawa ronte
Lonewolve
@EuroTraderhey are you still watching your chfjpy
EuroTrader
rawa ronte
- All
- Russia-Ukraine Conflict
- Middle East Flashpoint
Russian Oil Production Will Be Irreplaceable
Summary:
The Bank for International Settlements assessed in its quarterly report on Monday that replacing Russia's oil supplies could be a daunting task for the West in the long run. The fundamental problem is Russian oil's huge market share, as Russia alone accounts for 10% of global oil exports. In addition, losing supplies of Russian oil products would have a major negative impact on the global economy, and other producers are unlikely to have enough capacity to fill the shortfall. Also, investment in discovering and drilling new wells remains below pre-pandemic levels. However, the G7 agreed this month to set a price cap on Russian oil exports.
CLOSED
84.720
Entry Price
86.140
TP
83.540
SL
86.151 -3.543 -3.95%
118.0
Pips
Loss
83.540
SL
83.497
Exit Price
84.720
Entry Price
86.140
TP
I. Fundamentals
Replacing Russian oil supplies could be a daunting task for the West in the long term, the Bank for International Settlements assessed in its quarterly report on Monday. The fundamental problem is Russian oil's huge market share, as Russia alone accounts for 10% of global oil exports. In addition, losing supplies of Russian oil products would have a major negative impact on the global economy, and other producers are unlikely to have enough capacity to fill the shortfall.
Besides, investment in discovering and drilling new wells remains below pre-pandemic levels. However, the G7 agreed this month to set a price cap on Russian oil exports, while the West begins boycotting Russian oil. But under plans that are still taking shape, the G7 hopes to force Russia to sell oil to big buyers such as India at much lower prices in the future. Furthermore, restrictions on Russian oil exports are likely to be accompanied by sharp and prolonged increases in prices, including food.
II. Technical Analysis
2.1 WTI Crude Oil Weekly Chart
The price is supported by the descending trendline which started on July 15, 2022.
The strong support of the moving average below is near 78.
The key resistance above is near 87.1.
2.2 WTI Crude Oil Daily Chart
The price is suppressed by the descending trendline which started on August 30, 2022.
It closed with a Doji candlestick with a long lower shadow in the lower space of the range, indicating the establishment of the phased bottom, and the trend turns bullish.
The key resistance above is near 83.8.
2.3 WTI Crude Oil 4-Hour Chart
The price breaks above the descending trendline which started on September 14, 2022, indicating the trend turns bullish.
Regarding WTI crude oil, it is recommended to go long at lows.
Entry price: 84.72,
Take profit: 86.14,
Stop loss: 83.54.
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