Could it happen again? The move higher in WTI Crude Oil, a 61% rally off the February 11 low, has been mind numbing. Quarter after quarter, we have seen arguments about why the price of oil will likely not rise, but over the last month what we have seen the price of oil do, is rise. Unfortunately, for Crude Bulls, we have now come to see the biggest test yet for this move higher, the 200-day moving average. If we make a retest for the February low, it will make a wild market look simpler than it really is.
Learn more about the breakdown of oil production – click here.
Another recent development and one that will likely determine boils next large directional move is that of US dollar strength. The price of WTI crude oil is inversely correlated to the US Dollar and the move higher in crude oil has aligned with the price of US Dollar at the lowest levels since October. However, a few Fed speakers this week have put the attention back on US dollar strength as they talk up multiple rate hikes in 2016. Should this come to fruition or fear of fruition pushing the dollar higher, Crude Oil could quickly see its gains evaporate in the same manner of time that they arose.
The 200-DMA Has Been A Formidable Foe For WTI Crude Oil Since July 2014
As of Wednesday, 200-day moving average sits below $42 per barrel at $41.76. Given the fortitude of the moving average, there is little resistance outside of this level that matters for now considering the 61% move higher and the obvious respect that the price has paid to the 200-day moving average in the last year.
Therefore, we should spend our attention and time looking at chart support, which is another story altogether. The levels that catch my attention are the recent corrective low and the 38.2% retracement at $35.94/bbl and the 21-day moving average, currently at $36.90 per barrel. Should these levels hold the support, we could soon see a rise that would test and potentially break the 200-day moving average. While not a price support, it is also helpful to watch the RSI (5) support below the chart, because if we break the trendline drawn on the chart above, it would be a sign that shows momentum is falling again.
Contrarian System Warns of Another Push Higher
In addition to the technical focus around the 200-DMA resistance, we should keep an eye on retail sentiment, which is trying to fight the trend. Another push higher would align with our Speculative Sentiment Index or SSI. Our internal readings of US Oil show an SSI reading at -1.94, as 34% of traders are long. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives a signal that the US Oil may continue higher. The trading crowd has flipped from net-long to net-short recently within the last month. If the reading were to turn further negative, and the price breaks above the 200-DMA resistance, we might well be on our way back to $50/bbl.
Could it happen again? The move higher in WTI Crude Oil, a 61% rally off the February 11 low, has been mind numbing. Quarter after quarter, we have seen arguments about why the price of oil will likely not rise, but over the last month what we have seen the price of oil do, is rise. Unfortunately, for Crude Bulls, we have now come to see the biggest test yet for this move higher, the 200-day moving average. If we make a retest for the February low, it will make a wild market look simpler than it really is.
Learn more about the breakdown of oil production – click here.
Another recent development and one that will likely determine boils next large directional move is that of US dollar strength. The price of WTI crude oil is inversely correlated to the US Dollar and the move higher in crude oil has aligned with the price of US Dollar at the lowest levels since October. However, a few Fed speakers this week have put the attention back on US dollar strength as they talk up multiple rate hikes in 2016. Should this come to fruition or fear of fruition pushing the dollar higher, Crude Oil could quickly see its gains evaporate in the same manner of time that they arose.
The 200-DMA Has Been A Formidable Foe For WTI Crude Oil Since July 2014
As of Wednesday, 200-day moving average sits below $42 per barrel at $41.76. Given the fortitude of the moving average, there is little resistance outside of this level that matters for now considering the 61% move higher and the obvious respect that the price has paid to the 200-day moving average in the last year.
Therefore, we should spend our attention and time looking at chart support, which is another story altogether. The levels that catch my attention are the recent corrective low and the 38.2% retracement at $35.94/bbl and the 21-day moving average, currently at $36.90 per barrel. Should these levels hold the support, we could soon see a rise that would test and potentially break the 200-day moving average. While not a price support, it is also helpful to watch the RSI (5) support below the chart, because if we break the trendline drawn on the chart above, it would be a sign that shows momentum is falling again.
Contrarian System Warns of Another Push Higher
In addition to the technical focus around the 200-DMA resistance, we should keep an eye on retail sentiment, which is trying to fight the trend. Another push higher would align with our Speculative Sentiment Index or SSI. Our internal readings of US Oil show an SSI reading at -1.94, as 34% of traders are long. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are short gives a signal that the US Oil may continue higher. The trading crowd has flipped from net-long to net-short recently within the last month. If the reading were to turn further negative, and the price breaks above the 200-DMA resistance, we might well be on our way back to $50/bbl.
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
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▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
The FMLS:25 highlights video is now live - a look back at the conversations, the energy on the floor, and the moments that shaped this year’s summit.
While that’s still fresh, the next launches across the FM Events portfolio are already taking shape.
FM Singapore takes place on the 12-14 of May, connecting the APAC market with its own distinct audience and priorities. FMAS:26 heads to Cape Town on 26–27 May shortly after, bringing the focus to Africa’s trading and fintech ecosystem.
Different regions. Different audiences. Same commitment to building the right rooms for meaningful conversations.
More details coming very soon. The launches are imminent. - here you go
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
What sources does the Finance Magnates newsroom rely on before publishing a story? #FinanceNews
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the editorial process: direct industry sources, reports, regulators, social media signals, and thorough cross-checking before anything goes live.
📰 Industry sources
📊 Reports & regulators
🔎 Verification before publication
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
OnePrime’s Jerry Khargi on Infrastructure, Liquidity & Trust | Executive Interview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
Recorded live at FMLS:25 London, this exclusive executive interview features Jerry Khargi, Executive Director at OnePrime, in conversation with Andrea Badiola Mateos from Finance Magnates.
In this in-depth discussion, Jerry shares:
- OnePrime’s journey from a retail-focused business to a global institutional liquidity provider
- What truly sets award-winning trading infrastructure apart
- Key trends shaping institutional trading, including technology and AI
- The importance of transparency, ethics, and reputation in long-term success
- OnePrime’s vision for growth over the next 12–24 months
Fresh from winning Finance Magnates’ Best Trading Infrastructure Broker, Jerry explains how experience, mentorship, and real-world problem solving form the “special sauce” behind OnePrime’s institutional offering.
🏆 Award Highlight: Best Trading Infrastructure Broker
👉 Subscribe to Finance Magnates for more executive interviews, market insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #OnePrime #InstitutionalTrading #Liquidity #TradingInfrastructure #ExecutiveInterview
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
How does the Finance Magnates newsroom decide which updates are worth covering? #financenews
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
What makes an update worth covering in financial media?
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, editorial focus starts with relevance: stories that serve the industry, support brokers and technology providers, and help decision-makers navigate their businesses.
A reminder that strong financial journalism is built on value, not volume.
