Oil Rises on US-Venezuela Tensions
  • Market Insights  >  Trade Of The Day

25 March 2025,05:24

Trade Of The Day

Oil Rises on US-Venezuela Tensions

25 March 2025, 05:24

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Fundamental Analysis

* Crude oil prices edged higher as tensions between the US and Venezuela escalated following President Donald Trump’s threat to impose a 25% tariff on countries purchasing Venezuelan crude. This move aims to further pressure Venezuela’s economy, potentially reducing key buyers such as China, India, and Spain. However, China remains largely unaffected, as its dependence on Venezuelan crude is minimal compared to its total imports.

Technical Analysis

*Technical Breakdown: Oil prices continue to extend gains, currently testing the 69.25 resistance level. The MACD indicator signals an upward trend, while RSI at 63 remains above the midline, suggesting bullish momentum. A successful breakout above 69.25 could drive prices toward the next resistance at 70.50. However, if bullish momentum fails to persist, oil may retrace to the support level of 68.40.

Understand how technical analysis can help you in this trading opportunity.

Potential Risks

The ongoing Russia-Ukraine ceasefire negotiations remain a key factor, as any new developments could introduce significant volatility to oil prices.

Know how to manage trading risks with risk management strategies.

Monitoring

Watch for developments in for any shifts in the potential trade tariffs from Trump and Russia-Ukraine updates, by following PU Prime’s market insights and daily financial news.

Grab the trading opportunity and dive into the action risk-free with a free demo account. It is the perfect way to hone your skills and explore the exciting world of trading!

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  • Market Insights  >  Trade Of The Day

25 March 2025,05:24

Trade Of The Day

Oil Rises on US-Venezuela Tensions

25 March 2025, 05:24

Share on:
FacebookLinkedInTwitterShare

Fundamental Analysis

* Crude oil prices edged higher as tensions between the US and Venezuela escalated following President Donald Trump’s threat to impose a 25% tariff on countries purchasing Venezuelan crude. This move aims to further pressure Venezuela’s economy, potentially reducing key buyers such as China, India, and Spain. However, China remains largely unaffected, as its dependence on Venezuelan crude is minimal compared to its total imports.

Technical Analysis

*Technical Breakdown: Oil prices continue to extend gains, currently testing the 69.25 resistance level. The MACD indicator signals an upward trend, while RSI at 63 remains above the midline, suggesting bullish momentum. A successful breakout above 69.25 could drive prices toward the next resistance at 70.50. However, if bullish momentum fails to persist, oil may retrace to the support level of 68.40.

Understand how technical analysis can help you in this trading opportunity.

Potential Risks

The ongoing Russia-Ukraine ceasefire negotiations remain a key factor, as any new developments could introduce significant volatility to oil prices.

Know how to manage trading risks with risk management strategies.

Monitoring

Watch for developments in for any shifts in the potential trade tariffs from Trump and Russia-Ukraine updates, by following PU Prime’s market insights and daily financial news.

Grab the trading opportunity and dive into the action risk-free with a free demo account. It is the perfect way to hone your skills and explore the exciting world of trading!

Open Your Free Demo Account And Start Trading Risk-Free

Join Now

Start trading with an edge today

Trade forex, indices, metal, and more at industry-low spreads and lightning-fast execution.

  • Start trading with deposits as low as $50 on our standard accounts.
  • Get access to 24/7 support.
  • Access hundreds of instruments, free educational tools, and some of the best promotions around.
Join Now

Latest Posts

Fast And Easy Account Opening

Create account
  • 1

    Register

    Sign up for a PU Prime Live Account with our hassle-free process.

  • 2

    Fund

    Effortlessly fund your account with a wide range of channels and accepted currencies.

  • 3

    Start Trading

    Access hundreds of instruments under market-leading trading conditions.

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Oil Rises on US-Venezuela Tensions

31 March 2025 Watch Here

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