WTI Crude Oil Wave Analysis

The most recent moves in the US Dollar may have mean-reverted in Forex markets, but the same can’t be said about precious metals. They had been subject to some selling pressure ahead of the Jackson Hole Symposium but a conjunction of a dovish interpretation of FED Chair Jerome Powell’s speech and growing concerns about the […]

Summary United States: Riding the Wave The Consumer Price Index ended the year at 2.9% year-over-year, which is a minor improvement from its 3.1% rate in January 2024 and points to stalled progress on the road back to the Federal Reserve’s 2% inflation target. We now look for only two 25 bps rate cuts in […]

WTI oil price remains in red for the third straight day, deflated by growing hopes of a ceasefire agreement in the Middle East and rising US crude inventories. Also, stubbornly high US inflation continues to cool rate cut expectations and adds concerns that demand would weaken further in current conditions. The daily chart shows growing […]