• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
According to Fox News: U.S. Central Command says the U.S. strike operation has temporarily ended.On May 26, the Russian Foreign Ministry website published a statement on May 25 saying that Russian Foreign Minister Sergey Lavrov spoke by phone with US Secretary of State Marco Rubio that day. Following instructions from Russian President Vladimir Putin, Lavrov informed the US that Russia had begun a systematic offensive against military facilities in Kyiv, the capital of Ukraine. Lavrov stated that in response to Ukraines continued attacks on Russian civilians and civilian facilities, the Russian military was conducting systematic and sustained strikes against facilities in Kyiv serving the Ukrainian Armed Forces. He reminded the US of the statement issued by the Russian Foreign Ministry that day and advised US diplomats and citizens to evacuate from Kyiv. The statement also said that the two sides exchanged views on the Strait of Hormuz and the situation in Cuba. Furthermore, both sides expressed their commitment to intensifying efforts to normalize the work of their respective diplomatic missions.U.S. Central Command spokesman Captain Tim Hawkins said the U.S. military conducted a self-defense strike in southern Iran on the 25th, “aimed at protecting U.S. forces from the threat posed by Iranian forces.” The spokesman said the targets included missile launch sites and Iranian vessels attempting to lay mines. “U.S. Central Command continues to defend U.S. forces while exercising restraint during the current ceasefire.”The UKs BRC Shop Price Index rose 1.2% year-on-year in May, down from 1.00% in the previous month.1. Major European stock indices closed higher across the board. The German DAX index rose 2.01% to 25,389.10 points; the French CAC40 index rose 1.76% to 8,258.26 points; the UK stock market was closed for the Spring Bank Holiday. 2. Most major Asia-Pacific stock indices closed higher, while the South Korean stock market was closed for a holiday. The Nikkei 225 index rose 2.87% to 65,158.19 points, setting a new record high. AI and semiconductor sectors led the gains, with Kioxia rising over 14%, and SoftBank Group and Tokyo Electron rising nearly 5%. The Indian SENSEX 30 index rose 1.42% to 76,488.96 points. 3. International precious metal futures generally closed higher. COMEX gold futures rose 1.11% to $4,573.6 per ounce, and COMEX silver futures rose 2.89% to $78.4 per ounce. 4. International oil prices fell across the board. The WTI crude oil futures contract fell 6.52% to $90.30 per barrel, while the Brent crude oil futures contract fell 6.56% to $93.64 per barrel. 5. US Treasury yields fell across the board. The 2-year Treasury yield fell 8.72 basis points to 4.034%, the 3-year Treasury yield fell 9.90 basis points to 4.078%, the 5-year Treasury yield fell 11.24 basis points to 4.156%, the 10-year Treasury yield fell 11.27 basis points to 4.463%, and the 30-year Treasury yield fell 9.59 basis points to 4.991%.

WTI bulls near $92.00 resistance

Alina Haynes

Aug 19, 2022 11:53

101.png 

 

Black gold posted its highest daily gains in a month the day before, bouncing off the 61.8% Fibonacci retracement line of December 2021 to March 2022 upside, approximately $86.85 at press time.

 

The price stays below a convergence of the 21-DMA and a downward sloping resistance line from mid-June, $92.00. Stable RSI and sluggish MACD signals also show lack of rising momentum.

 

Before celebrating, crude oil purchasers should wait for a daily close above $92.00. After that, a run up to July's swing high above $101.00 is possible.

 

The important Fibonacci retracement level at $86.85 precedes the recent multi-month bottom around $85.40 to limit short-term WTI downside.

 

If energy bears keep reins below $85.40, the January 2022 high near $81.70 may act as an intermediate halt before sending prices to $80.00.