21.03.2022 02:13 PMOil prices are recovering because markets are starting to doubt that the measures announced by US President Joe Biden will solve the problems in oil demand in the US. As a result, quotes are turning up, despite the ongoing geopolitical tensions in Ukraine.
Technical picture:
The price is above the middle line of the Bollinger indicator, above SMA 5 and SMA 14. The RSI is also above the 50% level and indicates a likely weakening of growth. The stochastic indicator, on the other hand, is in the overbought zone.
Trading recommendations:
A consolidation above 107.85 may lead to a rally to 114.50.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
