Cannot fetch data from server.

Oil under U.S. sanctions

Technical Analysis
By Shady Fouad
Oil under U.S. sanctions
0 4

USOIL

النفط الخام 28-1-2025

Oil is trading above the support zone at $72.50, and it is likely for prices to rebound upward and retest the resistance zone at $74.50. This scenario would be invalidated if the aforementioned support zone is broken downward during today’s trading.

Support

 72.50 70.30 68.50
Resistance 74.50 77

79.50

Crude oil prices witnessed a notable rise today, with Brent crude for April delivery increasing by 0.01% to reach $76.19 per barrel. This increase comes after a period of fluctuation in oil prices, during which Brent crude recorded weekly losses of 2.8% last week.

However, the U.S. Energy Information Administration (EIA) expects oil prices to face downward pressure in 2025 and 2026 due to a global production increase that exceeds demand growth. The average price of Brent crude is projected to decline by 8%, reaching $74 per barrel in 2025 and $66 per barrel in 2026.

In general, investors are advised to monitor geopolitical developments, OPEC+ decisions, and global supply and demand data to evaluate the future trend of crude oil prices.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

You might also like More from author
Leave A Reply

Your email address will not be published.

[email protected]
REACH OUT TO US
Privacy Policy | AML Policy | Terms & Conditions | Security Of Funds | Risk Disclosure
Licensing and Regulation: LDN GLOBAL MARKETS LLC is an officially licensed broker holding an International Brokerage License in Saint Vincent and the Grenadines, numbered 1547 LLC. The registered address is Richmond Hill Rd, Kingstown, St. Vincent and the Grenadines, VC0100. Additionally, LDN GLOBAL MARKETS LLC is registered with license number T2023240 on Bonovo Road in Fomboni, Island of Mohéli, Comoros Union.
Licensing and Regulation: LDN GLOBAL MARKETS LLC is a fully licensed broker holding an International Brokerage License in Saint Vincent and the Grenadines, numbered 1547 LLC. The registered address is Richmond Hill Rd, Kingstown, St. Vincent and the Grenadines, VC0100.
Other entity within the group: LDNGM FINTECH SERVICES LTD (registration No. HE 432187, registered at Spyrou Kyprianou & Ayias Fylaxeos 182, Kofteros Business Center, Floor 2, Flat 201, 3083) provide content and perform operational management of the business.
Risk Warning : Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading in contracts for the difference carries a high level of risk, as trading on margin can be to your advantage or disadvantage. As a result, CFDs may not be suitable for all investors as you may lose all your invested capital. You should not risk more than you can lose. Please ensure that you fully understand the risks involved in this trade, and seek independent advice if necessary before entering into such transactions. Please read the risk disclosure statement on this website
LDN GLOBAL MARKETS is committed to the highest standards of the Anti-Money Laundering (AML) compliance and Counter-Terrorism Financing (CTF). To help the governments first and the financial services industry fight the funding of terrorism and money laundering activities, law requires all financial institutions to obtain, verify, and record information that identifies each person opening an account. Since LDN Global Markets is not under the supervision of ESMA, it is not involved with any acts considered to be offering financial products and solicitation for financial services to the European Union countries and this website is not aimed at residents in the European Union countries.
Restricted Regions : LDN Global Markets does not provide its services to citizens and residents of certain jurisdictions such as United States of America, United Kingdom, Canada, Japan, EU countries, Iran, Israel and North Korea.
Copyright ©2015 – 2024 LDN Global Markets all rights reserved.