The Head of Investment Research at FX Primus Marshall Gittler explains how the demand and the seasonals affect the price in the oil.
Gittler also explains how the Weekly API & EiA inventory reports work and what are the differences between these two releases.
Watch the full webinar: Introduction to oil: Background to the market and outlook for the price
The products advertised are only available to clients under Primus Markets and Primus Africa (FSPNo.46675).
Editors’ Picks
EUR/USD prerssured on the French COVID-19 lockdown news
EUR/USD falls to print fresh lows on French lockdown news. France expected to announce a nationwide lockdown tomorrow to start on Thursday night. The coronavirus has moved the nation to reinstate its COVID-19 state of a health emergency.
GBP/USD: Bulls need support to hold bearish pressures
GBP/USD is denying the bulls a clean break to the upside. The price action of cable has been bearish within a bullish setup, although the support structure holds and so long as it does, the bias remains with the upside.
USD/JPY looks south with bear flag breakdown on 4H chart
USD/JPY feels the pull of gravity as risk sentiment weakens on coronavirus concerns. Deeper losses look likely, as the 4-hour chart shows a bear flag breakdown. The pattern indicates a continuation of the sell-off from the Oct. 20 high of 105.75, possibly toward 104.00.
Editors’ Picks
EUR/USD prerssured on the French COVID-19 lockdown news
EUR/USD falls to print fresh lows on French lockdown news. France expected to announce a nationwide lockdown tomorrow to start on Thursday night. The coronavirus has moved the nation to reinstate its COVID-19 state of a health emergency.
GBP/USD: Bulls need support to hold bearish pressures
GBP/USD is denying the bulls a clean break to the upside. The price action of cable has been bearish within a bullish setup, although the support structure holds and so long as it does, the bias remains with the upside.
USD/JPY looks south with bear flag breakdown on 4H chart
USD/JPY feels the pull of gravity as risk sentiment weakens on coronavirus concerns. Deeper losses look likely, as the 4-hour chart shows a bear flag breakdown. The pattern indicates a continuation of the sell-off from the Oct. 20 high of 105.75, possibly toward 104.00.
Bitcoin rises to new yearly highs while the rest of the crypto market follows
Bulls are finally making a comeback into the market and regaining full control of the price across the board. According to the data by CoinMarketCap, a massive $22 billion has come into the market amid Bitcoin’s recovery beyond $13,000.
Gold bounces-back towards $1910 amid growing coronavirus woes
Gold attempts bids amid coronavirus woes-led risk-aversion, as the bulls fight back control amid a sell-off in the US Treasury yields, triggered by the coronavirus concerns-induced risk-aversion. The benchmark US 10-year Treasury yields drop further below the key 0.80% level.
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