empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
19.02.2025 12:32 AM
Oil Market Awaits OPEC+ Decisions
Open trading account Open demo account

This image is no longer relevant

Brent crude oil futures are currently trading around $75.00 per barrel, consolidating within a narrow range. The nearest resistance level is at $75.90, while support can be found around $74.20.

Support Levels:

- $74.20 – horizontal level

- $73.20 – trendline

Resistance Levels:

- $75.90 – nearest level

- $77.20 – key resistance zone

The RSI (Daily) is at 50, indicating a neutral zone with no clear trend.

The MACD suggests a potential reversal signal, which implies that the market may continue to move sideways before a significant move.

The 50-day EMA is around $75.50, making $75.90 a critical resistance level.

If the price consolidates above $75.90, an upward move toward $77.20 is likely. Conversely, if Brent drops below $74.20, the likelihood of testing $73.20 increases.

The overall outlook for the market is mixed. On one hand, there are signs of weakness in oil grades that affect WTI and Brent futures prices. On the other hand, the market is being supported by reports of a potential delay in the OPEC+ production increase that was initially scheduled for April.

Another source of uncertainty is the upcoming negotiations in Riyadh. Any signs of de-escalation in the Russia-Ukraine conflict could lead to the easing of sanctions on Russian oil, which would alter the supply-demand balance and potentially lower global prices.

Natural Gas

Natural gas futures continue a corrective pullback, nearly breaking out of their short-term ascending channel.

Key levels:Support: $3.527–3.537/MMBtu.Resistance: $3.717–3.745/MMBtu.

This image is no longer relevant

RSI (H4) is at 48, showing no signs of oversold conditions.

The MACD indicates weakening momentum, suggesting the correction may continue.

If the price falls below $3.527, it is likely to decline toward $3.400. Conversely, if the price consolidates above $3.717, it may open the path toward a range of $3.800 to $4.000.

The market dynamics for natural gas are heavily influenced by weather conditions and LNG export volumes. However, nearby resistance levels may restrict further upward potential.

Market Focus

OPEC+ is contemplating a delay in the planned increase in oil production scheduled for April. This factor supports prices, as extending the production cuts would limit global supply.

Iraqi Oil Minister Hayan Abdul Ghani has announced that oil exports from Iraqi Kurdistan could resume within a week, with an anticipated supply of 300,000 barrels per day, which could add additional volume to the market.

Additionally, a drone attack on a pumping station of a Russian oil pipeline has disrupted crude supplies from Kazakhstan. The Caspian Pipeline Consortium (CPC), which serves as the main export route for Kazakhstan, has been affected. The CPC accounts for approximately 1% of the global oil supply, with significant stakes held by U.S. companies Chevron and Exxon Mobil, making this situation particularly sensitive for the global market.

Natalya Andreeva,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Analytical News
Why are stocks rising as yuan sags and U.S. futures slip? The financial world breathed a sigh of relief on Thursday as stock markets surged higher and the chaotic bond selloff finally slowed down. The reason was a surprise initiative
Thomas Frank
10:17 2025-04-10 +02:00
1105
Technical analysis
USD/JPY: Slowing Inflation in the U.S. Could Pressure the Pair The Japanese yen fell significantly the day before on unexpected news of a 90-day pause in trade wars. This development supported the dollar, but whether its growth will continue remains
Pati Gani
09:56 2025-04-10 +02:00
1135
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

What to Pay Attention to on April 10? A Breakdown of Fundamental Events for Beginners

There are very few macroeconomic events scheduled for Thursday, but the U.S. inflation report still holds some relevance for traders. At the moment, inflation has limited influence because virtually everyone
Paolo Greco 06:49 2025-04-10 UTC+2

GBP/USD Overview. April 10: Trump Meets His Match

The GBP/USD currency pair showed gains and losses throughout Wednesday. The afternoon decline once again raised some questions, though market movements in recent months have lacked much logic. The market
Paolo Greco 03:21 2025-04-10 UTC+2

EUR/USD Overview. April 10: From Prince to Pauper

The EUR/USD currency pair continued to trade higher on Wednesday, once again failing to settle below the moving average line. Donald Trump keeps announcing new tariffs — or previously announced
Paolo Greco 03:21 2025-04-10 UTC+2

The Dollar – A Toxic Currency

Trouble often comes in pairs or groups. The decline of American exceptionalism is only one of the challenges facing EUR/USD bears. The main currency pair remains resilient and occasionally goes
Marek Petkovich 00:59 2025-04-10 UTC+2

GBP/JPY: Down, Only Down

The pound is plummeting against the yen. The cross has dropped by over a thousand points in just one week, reflecting the British currency's weakness and the yen's "crisis resilience."
Irina Manzenko 00:59 2025-04-10 UTC+2

Update on US stock market: Trump chronicles, April 9

As announced by Trump's administration yesterday, on April 8, new and even higher tariffs on Chinese goods will take effect in the US starting from April 9, reaching an enormous
Jozef Kovach 12:55 2025-04-09 UTC+2

The Market Invites a "Fools' Rally"

104%! Who's next? The stakes in the U.S.–China trade war are skyrocketing, causing the S&P 500 to slide deeper and deeper. And this came right after a strong opening
Marek Petkovich 10:36 2025-04-09 UTC+2

What to Pay Attention to on April 8? A Breakdown of Fundamental Events for Beginners

Once again, no macroeconomic events are scheduled for Wednesday. However, the market is paying little attention to traditional macroeconomic indicators, so standard economic reports are unnecessary. The market is entirely
Paolo Greco 06:57 2025-04-09 UTC+2

GBP/USD Overview. April 9. Disinformation, Rumors, Fakes, and Opinions

The GBP/USD currency pair traded relatively calmly on Tuesday, but Monday brought a full-on whirlwind to the markets. For several days now, we've been using terms like "storm," "chaos,"
Paolo Greco 02:55 2025-04-09 UTC+2

EUR/USD Overview. April 9. The American Circus

The EUR/USD currency pair traded much more calmly on Tuesday. That's no surprise—the market has already reacted to all the news about tariffs and counter-tariffs, and the actual implementation date
Paolo Greco 02:55 2025-04-09 UTC+2

Top analytics

Relevance up to 20:00 2025-04-10 UTC--4
GBP/USD Overview. April 10: Trump Meets His Match
03:21 2025-04-10
Fundamental analysis
Relevance up to 23:00 2025-04-10 UTC--4
EUR/USD Forecast for April 10, 2025
05:08 2025-04-10
Technical analysis
Relevance up to 01:00 2025-04-11 UTC--4
GBP/USD: Simple Trading Tips for Beginner Traders on April 10. Review of Yesterday's Forex Trades
08:05 2025-04-10
Forecast
Relevance up to 20:00 2025-04-10 UTC--4
Trading Recommendations and Analysis for EUR/USD on April 10: 500% Tariffs for China!
03:21 2025-04-10
Trading plan
Relevance up to 23:00 2025-04-10 UTC--4
GBP/USD Forecast for April 10, 2025
05:08 2025-04-10
Technical analysis
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.