Touros do petróleo WTI de olho em US$ 83.00
A preocupação com a oferta global mais restrita provocada pela escalada do conflito no Médio Oriente poderá impulsionar os preços do petróleo neste início de semana
How Will China’s Regulation Affect Oil?
2023-08-30 • Atualizado
China has issued new oil product export quotas to allow oil companies to send surplus barrels overseas, particularly Sinopec, which has the highest volume among quota holders. While the exact quota volume remains undisclosed, oil companies are forecasted to export approximately 3.5 million metric tons of clean oil products in September, a 10% increase from August. This move is seen as a strategy to support industrial activities, boost the country's economy, and sustain crude oil imports. The government controls China's clean oil product exports through quota allocations, focusing on meeting domestic demands. China exported 23.99 million metric tons of gasoline, jet fuel, and gasoil in the first seven months of the year, up 76.1% compared to the same period in 2022.
US Dollar - D1 Timeframe
The US Dollar has been prepping for a bearish move for a couple of weeks now, and it seems fully ready to make the move. The resistance trendline, 200-day moving average, and the rally-base-drop supply appear to cause the bearish momentum. In this case, I expect that the bears remain in charge for at least a short while since the price may create a new, lower low.
Analyst’s Expectations:
Direction: Bearish
Target: 102.630
Invalidation: 103.771
XBRUSD - D1 Timeframe
XBRUSD, as seen in the chart above, has made an initial reaction from the trendline support. However, the price may slip lower toward the 200-day Moving average to find a much stronger confluence based on the demand zone, 88% Fibonacci retracement level, and the moving average support.
Analyst’s Expectations:
Direction: Bullish
Target: 88.55
Invalidation: 78.45
XTIUSD - D1 Timeframe
Like XBRUSD, as we saw earlier, the price action on XTIUSD has also made its initial pull away from the trendline support. However, I find it hard to rely on this move because the current market reaction doesn't take place from an actively interesting confluence area. In that sense, I hope to see the price slink into the highlighted demand zone close to the 200-day moving average for my entry consideration.
Analyst’s Expectations:
Direction: Bullish
Target: 84.59
Invalidation: 74.12
CONCLUSION
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Incertezas no Oriente Médio fazem os preços do petróleo subirem
O cumprimento dos cortes de produção da OPEP+ aumentou, com as exportações a caírem cerca de 900.000 barris em fevereiro, o nível mais baixo desde agosto/23
Touros do WTI lutam para encontrar aceitação acima dos US$ 74.00
A produção de petróleo dos EUA estabeleceu um recorde de 13,3 milhões de barris por dia em dezembro, antes de recuar para 12,6 milhões de bpd em janeiro devido às tempestades de inverno
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