Why Crude Oil Slid While Middle East Tensions Kept Building
The crude oil pullback from monthly highs is running ahead of the headlines, as WTI and Brent ease while Middle East tensions stay unresolved.
Razan Hilal, CMT
Market Analyst
Expertise: Technical Analysis, Intermarket Analysis, Trading Education
Trading Style: Trend/Swing
Experience:
- 7 years of market analysis, covering Forex, Stocks, Commodities, and Indices
- Developed and hosted over 40 trading education webinars and seminars
- Previous foreign exchange dealer, with over 100 developed market analysis reports
- Holds the Chartered Market Technician (CMT) charter
Meet our research team
Articles by Razan Hilal
USD/JPY and DXY Price Forecast: Bullish Rebound Faces Overbought Risks
Despite mounting geopolitical risks, crude oil prices have declined more than 10% from their monthly highs. Combined with overbought momentum readings on the DXY and dollar pairs, this increases the risk of a near-term reversal.
Crude Oil Weekly Outlook: Saudi–Houthi Escalation vs Key Resistance
Crude Oil Weekly Outlook: Despite escalating Houthi attacks on Saudi Arabia and continuing tensions between the United States and Iran, crude oil prices are now facing major resistance that must be overcome before another bullish rally can be confirmed.
Gold Rebounds as the Oil Shock Fades and Yields Stall
The gold price outlook is holding a bullish structure as crude oil falls more than 8% from monthly highs and U.S. Treasury yields stall.
Bitcoin, Ethereum, Ripple Forecast: Key Scenarios in Sight
Bitcoin, Ethereum and Ripple forecast: charts are testing key support levels following the August–September drawdown, the Federal Reserve’s rate hike and a potential reversal in crude oil prices.
EUR/USD, Nasdaq Price Outlook: Defining Support Levels in Sight
Defining support levels are coming into focus across key charts, including EUR/USD and the Nasdaq, following the Federal Reserve’s rate hike and a 6% drawdown in UKOIL.
GBP/USD, DJIA Price Outlook: Key Scenarios Amid Rate-Hike Risks
Key scenarios to watch on the GBP/USD and DJIA charts amid rate-hike risks and a potentially hawkish FOMC decision tonight. These factors are supporting risk-off sentiment alongside strong trends across energy markets and U.S. Treasury yields.
Brent Crude Oil Tests Defining Resistance Level
The BRICS summit call for maximum restraint has not removed the security premium in the energy complex, with an unresolved U.S. Iran situation and transit risk through the Strait of Hormuz still in the frame
Gold, Silver, DXY Outlook: Charts Test Defining Support Levels
Gold, Silver, DXY Outlook: Charts test defining support levels as crude oil prices hold above $100, U.S. Treasury yields move higher and hawkish FOMC risks come into focus. Key scenarios to watch.
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