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U.S. Crude Oil Inventories Edge Modestly Higher

2024-11-21 1592

(fxcue news) - Crude oil inventories in the U.S. saw a modest increase in the week ended November 15th, according to a report released by the Energy Information Administration on Wednesday. The EIA said crude oil inventories crept up by 0.5 million barrels last week after rising by 2.1 million barrels in the previous week. The uptick by crude oil inventories was roughly in line with economist estimates. At 430.3 million barrels, U.S. crude oil inventories remain about 4 percent below the five-year average for this time of year, the EIA. The report also said gasoline inventories rose by 2.1 million barrels last week but are about 4 percent below the five-year average for this time of year. Meanwhile, the EIA said distillate fuel inventories, which include heating oil and diesel, edged down by 0.1 million barrels last week and are about 4 percent below the five-year average for this time of year.

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U.S. Crude Oil Inventories Edge Modestly Higher

U.S. Leading Economic Index Falls Slightly More Than Expected In October

Euro Declines Amid Ukraine-Russia Tensions

Swiss Market Ends Slightly Down

U.S. Existing Home Sales Rebound More Than Expected In October

European Markets Close Higher As Stocks Rise On Late Buying

Swiss Market Ends On Firm Note

U.S. Crude Oil Inventories Edge Modestly Higher

Yen Rises After BoJ Governor Ueda Comments

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Trader

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

Tags

U.S. Crude Oil Inventories Edge Modestly Higher

U.S. Leading Economic Index Falls Slightly More Than Expected In October

Euro Declines Amid Ukraine-Russia Tensions

Swiss Market Ends Slightly Down

U.S. Existing Home Sales Rebound More Than Expected In October

European Markets Close Higher As Stocks Rise On Late Buying

Swiss Market Ends On Firm Note

U.S. Crude Oil Inventories Edge Modestly Higher

Yen Rises After BoJ Governor Ueda Comments

Please sign in

Trader

In the morning session of the Asian market, buying spot gold resulted in profits, while selling GBP/USD resulted in profits.

The price of gold has risen again, with 2 buy orders yielding profits and short-term sell orders yielding profits at high levels, perfect.

Suggestions for spot gold trading operations: Sell when the price rises close to 2680, sell when it unexpectedly rises above 2690, and buy when the price falls close to 61 or 54. I bought near 2650 in the morning yesterday and sold near 2670 and 2673 in the evening.

In terms of short-term trading strategy for Japanese gold, it is recommended to focus on buying with a pullback and selling with a rebound as a supplement. The short-term focus should be on the 2680-2685 resistance line above, and the short-term focus should be on the 2655-2650 support line below.

The price of gold remains strong, and we broke even today.

Buy spot gold at 2665, take profit at 2673.

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