Oil remains in upward trend

Friday morning brought a sudden correction to the oil markets on Hong Kong tensions but this did little to the upwards trend that remains intact. Traders can notice that both the trend line and a (50) moving average on the H4 interval keep providing support to the OIL.WTI that is nearly 100% up from the end of April lows. On the news side, traders will prioritize any signals of demand recovery now that the economies in Europe and US are opening up.

17 April 2026, 11:09

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Morning Wrap: Trump Announces Ceasefire Between Israel and Lebanon

16 April 2026, 18:32

BREAKING: Oil rebounds to $100 as Gulf & European officials see US requiring 6 months for Iran deal

16 April 2026, 07:38

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