Oil folds after trump's pricing: This article explores the topic in depth.
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Oil folds after trump'. Consequently, s pricing:
Since 2023, WTI oil courses have been playing within a “triangle” area, and they have been released in recent months: first from below in April, during the pricing announcements of Donald Trump, then from the top in June during the climbing of the conflict between the United States, Israel and Iran.
After this episode of geopolitical stress, WTI lessons fell on the first time on the $ 64/65 before a small rebound. However, But this rebound did not hold. we are witnessing a downward pressure on the courses which pass under the $ 65 when these lines are written.
This $ 64/65 area is a very important technical area as can be seen on the graph. It is also important to note that the relapse of oil in recent days has been done after the announcements of Donald Trump oil folds after trump’s pricing this weekend. after the fixing of commercial taxes at 30% targeting Europe and Mexico. So, as in April, it is customs tax ads that put pressure on oil.
Still in the raw materials sector, there has also been a decline in copper prices for a few days. Does the raw materials market start to “prevail” an economic risk linked to American customs duties?
If volatility increases a little on the equity markets in Europe. the United States, in parallel with these downward movements on energy and metals, we could attend a new phase of “risk-off” (risk aversion) on the world markets, for a while.
oil folds after trump’s pricing — Oil folds after trump'. s pricing: Since 2023, WTI oil courses have been playing within a “triangle” area, and they have been released in recent months: first from below in April, during the pricing announcements of Donald Trump, then oil folds after trump’s pricing from the top in June during the climbing .
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