... per day through August, and Russia has confirmed a reduction in oil exports by 500,000 barrels per day. Thanks to these measures, global supplies remain relatively limited. Additional support for prices was also provided by temporary disruptions to Black Sea oil exports in July, as well as reports of partial easing of US sanctions on Venezuelan oil supplies, which, however, has a long-term nature. As a result, oil quotes continue to balance: markets are waiting for clearer signals regarding the state of global demand before choosing a direction for movement. Meanwhile, gold is regaining its status as one of the most sought-after assets. After a brief correction in the second half of July,...

... day. However, these plans are only moderately supporting prices at present, as traders account for gradual growth in Venezuelan supply, while overall global oil inventories remain limited due to OPEC+ actions. Temporary disruptions in the export of Black Sea oil (including suspensions of shipments of Azeri BTC in the Turkish port of Ceyhan), which have restricted supply in the market, are also providing additional support. On the other hand, the growth potential for oil prices is limited by signs of slowing global economic activity. Mixed macroeconomic data from the US and China lead to forecasts of moderate demand for energy ...

... candlestick is painted in different colors: for example, green (or white) – if the price has risen over the period, and red (or black) – if it has fallen. Thanks to the color indication, it is immediately clear which periods were growing and which were ... ... dominant. If the asset is marking time, and the chart is chaotically wobbling up and down within a narrow range, this is a sideways market. In addition to trends, the chart clearly shows support and resistance levels. Support is a conditional price level below ...