• Market Insights  >  Daily Market Analysis

14 May 2025,09:36

Daily Market Analysis

Crude Oil Rises on Trade Optimism and Weak Dollar

14 May 2025, 09:36

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

 Key Takeaways:

*Oil Gains on Trade Progress: Positive U.S.-China trade talks have improved the outlook for global energy demand.

*Weaker Dollar Supports Commodities: Lower-than-expected U.S. inflation data has pressured the dollar, supporting crude prices.

Market Summary:

Crude oil prices extended gains as renewed optimism over U.S.-China trade relations and a weaker U.S. dollar boosted market sentiment. The easing of tariff tensions between the world’s two largest economies has been a key driver, with both sides recently concluding trade talks on a positive note. U.S. officials highlighted progress toward reducing the trade deficit, while Chinese representatives emphasized reaching “important consensus.” These developments are seen as a catalyst for restoring disrupted trade flows, thereby supporting global energy demand and reinforcing oil’s bullish momentum.

Further supporting crude prices is the depreciation of the U.S. dollar, which typically enhances oil affordability for holders of other currencies. The softer dollar came after U.S. CPI data missed expectations, fueling market expectations that the Federal Reserve will maintain a dovish stance. A prolonged period of low interest rates tends to benefit commodities, including crude oil, as it supports broader risk appetite and global growth prospects.

Technical Analysis

Crude Oil, H4

Crude oil remains well-bid and is currently testing the key resistance level at $64.50. While the uptrend remains intact, technical indicators suggest signs of slowing momentum. 

The MACD histogram shows a waning bullish trend, and the RSI reading of 68 indicates the market is approaching overbought territory. If the price fails to break above the $64.50 resistance level, a near-term consolidation may follow, with the price likely to trade within the $64.50–$61.85 range. 

Conversely, a successful breakout above $64.50 could pave the way for a further rally toward the next resistance at $66.55.

Resistance level: 64.50, 66.55

Support level: 61.85, 60.10

Начните торговать с преимуществами

Торгуйте валютными парами, индексами, Металлы и другими активами с минимальными в отрасли спредами и молниеносным исполнением.

  • Начните торговать с депозитами от $50 на наших стандартных счетах.
  • Получите доступ к круглосуточной поддержке.
  • Получите доступ к сотням инструментов, бесплатным образовательным ресурсам и одним из лучших рекламных акций.
Присоединяйся сейчас

Latest Posts

Быстрое и простое открытие счета

Открыть реальный счет
  • 1

    Откройте счет

    Открывайте реальный счет в PU Prime без особых усилий.

  • 2

    Пополните счет

    Легко пополняйте счет с помощью широкого ассортимента операторов и валют.

  • 3

    Начните торговать

    Получите доступ к сотням инструментов с лучшими торговыми условиями на рынке.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!