{"id":2379,"date":"2020-09-18T11:18:00","date_gmt":"2023-03-31T20:19:06","guid":{"rendered":""},"modified":"2024-05-29T08:08:51","modified_gmt":"2024-05-29T08:08:51","slug":"market-daily-outlook-usoil-reached-41","status":"publish","type":"post","link":"https:\/\/blog.zulutrade.com\/ar\/market-daily-outlook-usoil-reached-41\/","title":{"rendered":"Market Daily Outlook – USOil reached $41"},"content":{"rendered":"

USOil has already covered about 70% of the last selloff’s losses. Saudi Arabia’s crude exports increased to 5.7 mil barrels per day in July after reaching the all-time low at 4.98.bpd. These numbers improve the market’s expectations as the demand for oil is potentially recovering. Additionally OPEC+ informed that will take appropriate action on members that don’t follow the OPEC’s guidelines of the output cuts. The commodity is currently testing a major resistance zone.<\/span><\/p>\n

USOil 240m<\/span><\/p>\n

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CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

On major US news, Trump is <\/span>pressing <\/span><\/a>Republicans to increase the package for coronavirus relief aid and he believes that this is feasible. The Weekly Jobless claims increased by 860k more than expected. The Building Permits decreased by 0.9% disappointing the forecasts.<\/span>
<\/span>On major EU-UK news, the UK Retails sales <\/span>rose <\/span><\/a>by 0.8% recording the 4th consecutive month of growth. Germany’s producer prices for industrial products contracted by 1.2% compared with the corresponding month of the previous year. <\/span>
<\/span>On Asia news, Japan’s inflation rate fell to 0.2% YOY due to COVID-19 while Reuter’s <\/span>poll <\/span><\/a>predicts that BoJ’s quarterly tankan business sentiment survey will be improved to -23 from -34.<\/span><\/p>\n

Reviewing the technical view, NAS100 holds above a major resistance zone. This zone could be a make or break area.  Fast EMA’s indicate a bearish bias. Traders need to be very careful with GER30 and FR40 as they both consolidate within a tight range of prices anticipating a major move.<\/span><\/p>\n

NAS100 Daily<\/span><\/p>\n

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GER30 Daily<\/span><\/p>\n

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FRA40 Daily<\/span><\/p>\n

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CopyTrade with ZuluTrade<\/span><\/a><\/p>\n

After failing to break out from the triangle, XAUUSD moves sideways within it. Traders should monitor the two marked zones.<\/span><\/p>\n

XAUUSD 240min<\/span><\/p>\n

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 <\/p>\n

Disclaimer<\/strong><\/p>\n

The views expressed do not constitute investment or any other advice \/recommendation \/suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of<\/span> ZuluTrade Social Trading Platform<\/span><\/a> and do not constitute an offer or invitation to anyone to invest or trade.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

USOil has already covered about 70% of the last selloff’s losses. Saudi Arabia’s crude exports increased to 5.7 mil barrels per day in July after reaching the all-time low at 4.98.bpd. These numbers improve the market’s expectations as the demand for oil is potentially recovering. Additionally OPEC+ informed that will take appropriate action on members […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"close","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2379","post","type-post","status-publish","format-standard","hentry","category-market-view"],"metadata":{"rank_math_internal_links_processed":["1"],"_edit_lock":["1716970004:4"],"rank_math_seo_score":["20"],"rank_math_og_content_image":["a:2:{s:5:\"check\";s:32:\"12ac2ad514ee1bf4bfc4e2093ff89d1f\";s:6:\"images\";a:5:{i:0;s:56:\"\/image.axd?picture=\/2020\/1892020\/USOilSpotH4 1892020.png\";i:1;s:56:\"\/image.axd?picture=\/2020\/1892020\/NAS100Daily 1892020.png\";i:2;s:55:\"\/image.axd?picture=\/2020\/1892020\/GER30Daily 1892020.png\";i:3;s:55:\"\/image.axd?picture=\/2020\/1892020\/FRA40Daily 1892020.png\";i:4;s:53:\"\/image.axd?picture=\/2020\/1892020\/XAUUSDH4 1892020.png\";}}"],"rank_math_analytic_object_id":["161"]},"pll_post_group":null,"_links":{"self":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/comments?post=2379"}],"version-history":[{"count":1,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2379\/revisions"}],"predecessor-version":[{"id":3985,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/posts\/2379\/revisions\/3985"}],"wp:attachment":[{"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/media?parent=2379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/categories?post=2379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.zulutrade.com\/ar\/wp-json\/wp\/v2\/tags?post=2379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}