Crude oil! Go with the flow!

16 de fev. de 2022

USOUSD
The trend of crude oil and gold in the day is basically similar, also due to the influence of Russia's withdrawal of some troops. However, the difference between gold and crude oil is that crude oil itself has given some support to crude oil due to the current production capacity constraints. At the same time, the technical bulls of crude oil have a strong trend. Unless Iranian crude oil enters the market, this constitutes the theoretical basis for the crude oil reversal. Therefore, for the next trend of gold and crude oil, we cannot make generalizations, and crude oil will still be bullish in the follow-up.