Correlation between the euro and oil | 13 Januari 2021

13 Januari 2021, EUR/USD

Correlation between the euro and oil

EURUSD trading plan:

A bullish rally in the oil market will have a positive impact on the value of the euro! Saudi Arabia slashed crude oil supplies to at least nine refiners in Asia and Europe. Saudi Aramco will supply less crude as part of long-term contracts next month, giving some Asian processors as much as 20%-30% less than they had sought, according to company officials who received the notices but asked not to be identified as the information is private. A European refiner that typically buys small volumes from Saudi Arabia will not get any cargoes for February.

Investment idea: Buy 1.2200 and take profit 1.2240.

David Johnson
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus