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| Gold V.1.3.1 signal Telegram Channel (English) | 黃金交易訊號 V.1.3.1 Telegram 群組 (中文) |
Strong buying at the first week of 2025!
Price Movement The daily chart for WTI crude oil demonstrates a significant breakout after a prolonged period of consolidation. The price has recently moved above the previously defined range, indicating a shift in sentiment. Initially, the asset experienced a sideways movement within a rectangular pattern, hovering between the support and resistance levels of approximately $68.80 […]
Global Oil Market 2024-2025: Trends, Growth, and Key Drivers
Global oil demand is projected to grow modestly in 2024 and 2025, rising by 840,000 barrels per day (kb/d) and 1.1 million barrels per day (mb/d) respectively, driven by increased petrochemical feedstock use and strong demand from emerging Asia. However, shifts like EV adoption are curbing transportation fuel reliance. On the supply side, non-OPEC+ nations, led by the U.S., Brazil, and Guyana, will drive production growth, reaching 104.8 mb/d in 2025. With OECD inventories below historic averages and refinery activity peaking, the oil market outlook for 2024 remains steady, but geopolitical and economic risks could create volatility.
WTI oil consolidation period continues!
Price Movement The WTI crude oil daily chart indicates a series of volatile price movements within a descending channel. The price has oscillated between the $65 support level and the $88 resistance level, reflecting a bearish trend over the past year. Recent price action shows consolidation within the $68 to $72 range, suggesting potential accumulation […]
