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Trump's Return and Oil Price Trends

 

Trump returned to the White House and quickly took action to fulfill campaign promises, including allowing drilling on federal lands and urging OPEC to lower oil prices. These moves caused oil prices to fall from last week's high of $80.77 per barrel to $74.01 per barrel, eventually stabilizing at $74.60 per barrel over the weekend. However, technical analysis shows that oil prices may be forming a rounding bottom pattern and the long-term bullish trend remains strong.
 
In this video, we will take a deep look at the price action of Brent Crude Oil and West Texas Intermediate (WTI). Using continuous crude oil futures charts from ICE and NYMEX, we will explore the short-term pullback in oil prices, the medium-term upside potential, and the long-term bullish trend. In addition, we will discuss the potential impact of geopolitical factors such as the Russia-Ukraine war on oil prices.
 
 
Creators:Daniel Ang 
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1. All content in this video, including but not limited to opinions, insights, and data, is provided by third-party authors and is for reference only. Direct International Financial Services Limited and its affiliates ("DA Group") do not assume any responsibility for the content of this video. Although the content in this video is obtained from information believed to be accurate, DA Group does not make any representation or endorsement as to its accuracy, completeness, quality, timeliness, or reliability, and expressly disclaims any responsibility for any information contained in this video. DA Group shall not bear any legal liability or liability for losses caused by all or part of the content. The videos reflect the personal opinions and views of the relevant authors and do not represent the position of DA Group.
2. Futures and options trading involve significant risk of loss and may not be suitable for everyone. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. The risk of loss in trading futures and options can be substantial. Past results are not indicative of future results or performance.
3. All information provided in this video is for reference only and does not constitute an offer, invitation, suggestion, or solicitation for any action based on it.
4. The information is meant purely for informational purposes and should not be relied upon as financial advice.
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APP开发者: 上海直达软件有限公司  应用名称: 直达国际  应用版本:iOS: 2.9.0 安卓: 2.9.1  隐私权限: 查看权限  用户协议: 查看权限  用户权限: 查看权限  更新时间:2022-12-07
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