Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area


OIL price: still rising

OIL price: still rising

Information is not investment advice


These days may seem a little out of order to the oil price in light of the happenings between the US and Iran. This gives more reason to have a fresh look at the chart. But first, let us recollect the logic of the events. 

On Friday, the news about the killed Iranian commander Soleimani reached the media. Markets were slow to react, then shocked, oil panicked.

On Sunday, the US President Donald Trump warned Iran against any retaliation; oil was still panicking.

On Monday, he said Iran never would have a nuclear weapon in reply to the surging note that the abandoned nuclear deal is the true background of the conflict; oil price was still falling down.

On Tuesday, Iran voiced out the coming retaliation; oil price kept falling.

Today, we hear that Iranian missiles hit the US airbases in Iraq; oil price panics again; President Trump reassures “all well” and says he would get back to us. Later during the day, we discover that none of the Americans or the Coalition forces were actually hit but the missiles. Moreover, we get reports that the retaliation strike was brilliantly managed by Iran to make sure it is big enough to satisfy the domestic vindictive mood among the Iranians but harmless enough to provoke the US to get back with a serious response.

No surprise, this flow of news forces the oil price to deviate from its’ “normal” trajectory. But does it actually?

Short-term: panic

A short-term picture gives a shaky impression indeed. After the door of $70 per barrel on Monday, Brent secures this position today at $71, which is unseen since May 2019. But then, it falls down as if nothing happened and breaks through all short-term support levels along with the 50-period, 100-period, and 200-period MAs. Only the Awesome Oscillator consoles with a seemingly reached bottom.


Long-term: steady rising

In the meantime, the long-term picture puts things in order. Yes, we see some “red volatility” at the end of the chart, but the trajectory did not deviate much from the general upward trend visible since October. Hence, even before the statement of the US President, we can have some certainty that the observed uptrend needs more to be challenged. Very likely, Brent oil price will secure its positions closer to the current level of $70 and then look for more strategic factors to follow.



The noise is the natural component of the market’s daily life. If you can trade the rumors, you have plenty of opportunities to do that, as these days have shown. Otherwise, make verified trade decisions, learn the techniques and follow the news.

                                                                                             LOG IN



Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Choose your payment system

Be on top of your game


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later