Crude oil trend falls, the United States and Israel turn against water?

Mondo Finance Updated on 2024-03-04

The presence of American GIs in front of the Israeli Embassy in the United States has aroused widespread concern in society, and the United States has sent airdrops of supplies to the Palestinian people in the Gaza Strip out of "humanitarianism" in order to calm the society. Since the outbreak of a new round of the Palestinian-Israeli conflict in October 2023, Israel has prepared 500,000 troops to attack Gaza.

As a staunch ally of Israel, the United States has continued to send funds and ammunition to Israel, and at the climax of the conflict, the US military even sent thousands of soldiers and a large number of ** to the surrounding areas in an attempt to assist the Israeli army in fighting Hamas. Whether the United States cares about the Palestinian people or does superficial work for its own economy, I believe everyone knows in their hearts.

Recently, ceasefire negotiations have been further complicated by the deaths of more than 100 Palestinian civilians while waiting for aid, and international oil prices have been **. WTI** closed up 194% at 79$96 barrel; Brent** has been hovering above the $80 mark for three consecutive weeks, closing up 167% to 84$23 barrel.

Let's take a look at the technical side again.

Let's take a brief look at the 30-minute chart of the past seven days, and see from the upper Bollinger bands that after short-term fluctuations, the trend may move downward. Judging from the MACD below, the recent trend is also downward as a whole, and in the short term, the fast and slow lines are likely to come to the negative zone. In the long run, it still depends on the release of a non-farm payrolls data on Friday.

The above content is a personal opinion and is not used as a basis for investors. If you agree with my point of view. Welcome to follow, like, **If you disagree with my point of view, welcome to follow and discuss.

Finally, I hope that you can make wise investment decisions based on your investment goals and risk tolerance.

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