{"id":4956,"date":"2023-10-03T11:09:19","date_gmt":"2023-10-03T03:09:19","guid":{"rendered":"https:\/\/www.umtradings.com\/?p=4956"},"modified":"2023-10-03T11:09:19","modified_gmt":"2023-10-03T03:09:19","slug":"10-3-commodity-daily-brent-oil","status":"publish","type":"post","link":"https:\/\/www.umtradings.com\/vn\/10-3-commodity-daily-brent-oil\/","title":{"rendered":"Focus on Brent Oil Today \u2013 3rd October 2023\u00a0"},"content":{"rendered":"<div class=\"wp-block-post-date has-text-color has-black-color has-medium-font-size\"><a href=\"https:\/\/www.umtradings.com\/vn\/10-3-commodity-daily-brent-oil\/\"><time datetime=\"2023-10-03T11:09:19+00:00\">October 3, 2023<\/time><\/a><\/div>\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h1 class=\"wp-block-heading has-black-color has-text-color\"><strong>Comprehensive Brent Oil Analysis for October 3, 2023<\/strong><\/h1>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In this comprehensive analysis, Ultima Markets brings you an <strong>insightful breakdown of the Brent Oil (UKOUSD)<\/strong> for 3rd October 2023.\u00a0<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways<\/strong><\/h2>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Key Point:<\/strong> The lifting of the U.S. government shutdown crisis, coupled with robust PMI data, has driven the U.S. dollar index to 107, a level not seen since November last year. This surge in the dollar&#8217;s strength has led to a sharp decline in non-U.S. currencies and a corresponding dip in crude oil prices, reaching three-week lows.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/opec-oil-output-rises-second-month-nigeria-iran-reuters-survey-2023-10-02\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Click Here to Learn More\">Increased OPEC Production<\/a>:<\/strong>\u00a0Notably, OPEC&#8217;s oil production increased by 120,000 barrels per day in September compared to August, reaching 27.73 million barrels per day for the second consecutive month.<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong><a href=\"https:\/\/www.reuters.com\/markets\/commodities\/oil-prices-dip-high-interest-rate-outlook-outweighs-tight-supply-2023-09-26\/\" target=\"_blank\" rel=\"noopener nofollow\" title=\"Read More By Clicking Here\">Bearish Sentiment Emerges<\/a>:<\/strong>\u00a0Concerns over increased supply and the impact of high interest rates on demand have prompted bearish sentiment in the crude oil market.<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Brent Oil Technical Analysis<\/strong><\/h2>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Brent Oil Daily Chart Analysis<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/10\/1-12.png\" alt=\"Brent Oil Daily Chart Analysis By Ultima Markets MT 4\" class=\"wp-image-4957\" style=\"width:690px;height:490px\" width=\"690\" height=\"490\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>( Daily chart of BRENT OIL, source: Ultima Markets MT4)&nbsp;<\/em><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Key Point:<\/strong> The daily chart reveals a rapid decline in crude oil prices, signaling a strong bearish trend.<\/p>\n\n\n\n<h4 class=\"wp-block-heading has-black-color has-text-color\"><strong>Stochastic Oscillator Signals<\/strong><\/h4>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Key Point:<\/strong> Stochastic oscillator technical indicators suggest a divergence from market prices, indicating a high probability of short-term bearishness.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><strong><em>Brent Oil 1 Hour Chart Analysis<\/em><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/10\/2-10.png\" alt=\"Brent Oil 1 Hour Chart Analysis by Ultima Markets MT4\" class=\"wp-image-4958\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(1hour chart of BRENT OIL, source: Ultima Markets MT4)&nbsp;<\/em><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Key Point:<\/strong> Recent significant volatility is observed on the 1-hour chart, with the ATR combination indicator signaling an effective breakthrough. Traders should exercise caution and monitor entry opportunities.<\/p>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center has-black-color has-text-color\"><em><strong>Pivot Indicator<\/strong><\/em><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.umtradings.com\/wp-content\/uploads\/2023\/10\/3-9.png\" alt=\"Pivot Indicator For Brent Oil in Ultima Markets MT4\" class=\"wp-image-4959\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><em>(1-hour chart of BRENT OIL, source: Ultima Markets MT4)&nbsp;<\/em><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>Key Point:<\/strong> According to the pivot indicator in <a href=\"https:\/\/www.umtradings.com\/trading\/trading-platforms\/mt4\/\" target=\"_blank\" rel=\"noopener\" title=\"Ultima Markets MT4 Platform\">Ultima Markets&#8217; MT4 platform<\/a>, the central price of the day stands at 92.210. Technical outlook:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li class=\"has-medium-font-size\"><strong>Bullish Scenario:<\/strong>&nbsp;Above 92.210, with targets set at 92.951 and 95.175.<\/li>\n\n\n\n<li class=\"has-medium-font-size\"><strong>Bearish Scenario:<\/strong>&nbsp;Below 92.210, with targets at 90.003 and 89.210.<\/li>\n<\/ul>\n\n\n\n<div style=\"color:#ddd\" class=\"wp-block-genesis-blocks-gb-spacer gb-block-spacer gb-divider-solid gb-divider-size-1\"><hr style=\"height:30px\" \/><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><em><strong>Legal Documents\u00a0<\/strong><\/em><\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><em>Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission \u201cFSC\u201d of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><strong><em>Disclaimer<\/em><\/strong><\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><em>Comments, news, research, analysis, price, and all information contained in the article only serve as general information for readers and do not suggest any advice. Ultima Markets has taken reasonable measures to provide up-to-date information, but cannot guarantee accuracy, and may modify without notice. Ultima Markets will not be responsible for any loss incurred due to the application of the information provided.\u202f<\/em>&nbsp;<\/p>\n\n\n\n<p class=\"has-small-font-size wp-block-paragraph\"><strong>Copyright \u00a9 2023 Ultima Markets Ltd. All rights reserved.\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Comprehensive Brent Oil Analysis for October 3, 2023 In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the Brent Oil (UKOUSD) for 3rd October 2023.\u00a0 Key Takeaways Key Point: The lifting of the U.S. government shutdown crisis, coupled with robust PMI data, has driven the U.S. dollar index to 107, a level [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":4960,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[6,11],"tags":[85],"class_list":["post-4956","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-technical-analysis","tag-oil"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/4956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/comments?post=4956"}],"version-history":[{"count":0,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/posts\/4956\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/media?parent=4956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/categories?post=4956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.umtradings.com\/vn\/wp-json\/wp\/v2\/tags?post=4956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}