Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Octa trading broker
Buka akaun dagangan
Back

WTI approaches weekly high above $79.00 amid caution ahead of OPEC+ meet

  • The Oil price extends upside as uncertainty ahead of the OPEC+ meeting neutralizes the impact of fading Fed rate-cut prospects.
  • Easing Fed rate-cut bets fail to uplift the US Dollar’s appeal.
  • Fed officials believe that slowdown in April’s CPI report won’t be long-lasting.

West Texas Intermediate (WTI), futures on NYMEX, move higher towards weekly high near $79.25 in Tuesday’s European session. The Oil price extends its winning streak for the third trading session as uncertainty among investors ahead of the OPEC+ meeting scheduled for June 2 offsets the impact of easing bets leaned towards the Federal Reserve (Fed) reducing interest rates from the September meeting.

Investors caution that the Oil supply could reduce further if OPEC members extend the current cut of two million barrels per day. This will uplift the Oil prices due to supply concerns in an already tight market.

Meanwhile, market speculation for Fed rate cut in the September meeting has diminished significantly and investors now expect that centra bank will start reducing borrowing rates in the last quarter of this year. The failure of soft United States (US) Consumer Price Index (CPI) report of April in building confidence among policymakers that the progress in the disinflation process has resumed after stalling for straight three months has forced traders to pare rate-cut bets.

A sharp decline in Fed rate-cut prospects has failed to uplift the US Dollar. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, extends its downside to 104.40.

Going forward, investors will focus on the US core Personal Consumption Expenditure Price Index (PCE) data for April, which will be published on Friday. The Fed’s preferred inflation measure is estimated to have grown steadily on monthly and annual basis at 0.3% and 2.8%, respectively. This would weaken the case of Fed rate cuts in September further.

WTI US OIL

Overview
Today last price 78.76
Today Daily Change 0.24
Today Daily Change % 0.31
Today daily open 78.52
 
Trends
Daily SMA20 78.52
Daily SMA50 81.43
Daily SMA100 78.78
Daily SMA200 79.57
 
Levels
Previous Daily High 78.65
Previous Daily Low 77.56
Previous Weekly High 80.06
Previous Weekly Low 76.04
Previous Monthly High 87.12
Previous Monthly Low 80.62
Daily Fibonacci 38.2% 78.23
Daily Fibonacci 61.8% 77.98
Daily Pivot Point S1 77.84
Daily Pivot Point S2 77.16
Daily Pivot Point S3 76.76
Daily Pivot Point R1 78.93
Daily Pivot Point R2 79.33
Daily Pivot Point R3 80.01

 

 

Natural Gas falls despite increasing tensions over deadly Israel strike on Rafah

Natural Gas price (XNG/USD) is testing this week’s low on Tuesday after prices fell on Monday due to extensive profit-taking.
Baca lagi Previous

US Dollar retreats for third consecutive day after Japan warns markets over devalued Yen

The US Dollar (USD) extends its recent decline on Tuesday while US markets come back again after a long weekend due to the Memorial Day bank holiday on Monday.
Baca lagi Next