empty
InstaForex Loprais Team - Official participant of the Dakar rally
InstaForex Loprais Team - Official participant of the Dakar rally
This section is designed for those who are just starting their trading journey. InstaForex educational and analytical materials will meet your training needs. Our experts' recommendations will make your first steps to trading success simple and clear.
Start as Beginner
How to start trading
Useful information
Training and recordings
InstaForex innovative services are an essential element of productive investment. We strive to provide our clients with advanced technical capabilities and make their trading routine comfortable as we are recognized as the best broker in this regard.
Become Investor
PAMM System
ForexCopy System
Passive investments
Partnership with InstaForex is beneficial and top-tier. Join our affiliate programs and enjoy bonuses, partner rewards, and the possibility to travel with the team of the world-renowned brand.
Become Partner
Main Page
Partner Area
Advantages for Affiliates
Registration
This section contains the most lucrative offers from InstaForex. Receive bonuses when topping up an account, compete with other traders, and get real prizes even when trading in a demo account.
All Promo Campaigns
Bonuses
Contests
Events
Holidays with InstaForex are not only pleasant but also useful. We offer a one-stop portal, numerous forums, and corporate blogs, where traders can exchange experiences and become successfully integrated into the Forex community.
Full details
Forums
We are in social networks
Forex humour
Forex Portal
InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.
Learn More
History
Why Choose Us
InstaSport
Regulation
Company News
Awards
InstaForex Stars
InstaForex Offline
Headquarters
Key documents
Social Responsibility
23.04.2025 12:09 AM
Oil is falling, Trump is angry, Powell is silent – who will blink first?
Open trading account Open demo account

This image is no longer relevant

Oil and gas continue to play by the rules of big politics. Every Trump statement, every Federal Reserve decision, and every new move from China is like a new card in a complex energy game. On Tuesday, markets were not just waiting for the API report – they're waiting for confirmation that the world isn't sliding into a new phase of global confrontation. This means any data will be interpreted through fear and hope.

Brent rebounded from support around $66, but it looks more like a pause than a bull victory. The American stock arena is burning with nervousness: trade tensions with China have resurfaced, and Donald Trump, the consummate showman, is attacking the Fed and Jerome Powell personally.

His statement that the U.S. economy could slow without rate cuts sounded like public pressure on the central bank. The mere possibility of Powell's removal from office has shaken even the calmest investors.

Any slowdown in the U.S. is automatically negative for oil prices. Given that oil is a commodity of energy and sentiment, its vulnerability to sharp swings in the stock market is especially pronounced.

And here comes China. A new round of tariff measures has even hit tankers: Chinese-made and -operated supertankers will now face additional levies when entering U.S. ports. This isn't just administrative – it's a logistical blow that could echo across the global energy market.

Meanwhile, the Asian giant is hitting back. Chinese energy company CNOOC has signed a five-year LNG supply contract with ADNOC, sending a message: if the U.S. doesn't want to sell, there are other suppliers.

In parallel, Saudi Aramco has partnered with EV maker BYD, which is a clear nod toward the future as the oil monarchy adapts to the global "green transition."

Changes are also occurring on the Indian front: OPEC's share of Indian oil imports has dropped to a two-year low. The direct cause is more affordable Russian oil, which India continues to buy in large volumes.

The API report on U.S. stockpiles is to be released on Tuesday. A Reuters poll suggests a drawdown in crude and gasoline stocks, with a rise in distillates. The market awaits confirmation, as even a hint of a deficit could bring the bulls back into play.

Brent Technical Analysis

Brent is trying to consolidate above a local descending resistance – a positive technical signal. If this holds, the next challenge will be the $68.5–68.9 zone – a strong cluster that has repeatedly capped price growth.

This image is no longer relevant

However, risks remain. If the market fails to hold above $66, the next support is around $63–63.7. This is the lower boundary of a critical range, and a break below it could trigger a cascading sell-off – especially amid today's tense global agenda.

Natural Gas

Gas has entered a critical zone. The $3–3.159 range serves as support and a potential "launchpad" for an upward correction. The RSI on the 4-hour chart shows oversold conditions, suggesting a favorable moment for a technical rebound.

However, gas bulls remain silent: the asset lost its nearest uptrend last week. This opens the door to further downside toward the next long-term trend. While a local bounce is likely, the structure still leans bearish.

Key resistance levels on the way up: the local descending trendline and a previously broken support level.

Natalya Andreeva,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
All Analytics
Fundamental analysis
What to Pay Attention to on May 2? A Breakdown of Fundamental Events for Beginners Only a few macroeconomic events are scheduled for Friday, but some are quite significant. Naturally, the focus is on the U.S. NonFarm Payrolls and unemployment rate, yet it's also important
Paolo Greco
07:06 2025-05-02 +02:00
1135
Forecast
Intraday Strategies for Beginner Traders on May 2 Euro and Pound Resumed Declines Against the U.S. Dollar Yesterday, Driven by Strong U.S. Fundamentals During the U.S. trading session, the euro and the pound returned to their downward movement
Miroslaw Bawulski
06:49 2025-05-02 +02:00
1240
Breaking Forecast Trading Plan Cryptocurrencies USD/RUB Russian Economy Video Analysis
Trading Instruments
EURUSD GBPUSD USDCHF USDCAD USDJPY AUDUSD EURGBP EURJPY NZDUSD EURNZD Silver Gold #CL #USDX COVID-19 Bitcoin
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Intraday Strategies for Beginner Traders on May 2

Euro and Pound Resumed Declines Against the U.S. Dollar Yesterday, Driven by Strong U.S. Fundamentals During the U.S. trading session, the euro and the pound returned to their downward movement
Miroslaw Bawulski 06:49 2025-05-02 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on May 1st (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 144.38 level occurred when the MACD had already moved significantly above the zero mark, which limited
Jakub Novak 18:49 2025-05-01 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on May 1st (U.S. Session)

Trade Analysis and Tips for Trading the British Pound The test of the 1.3304 price level in the first half of the day coincided with the MACD indicator just starting
Jakub Novak 18:47 2025-05-01 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on May 1st (U.S. Session)

Trade Analysis and Tips for Trading the Euro The test of the 1.1319 price level in the first half of the day coincided with the MACD indicator just beginning
Jakub Novak 18:44 2025-05-01 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on May 1st. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the Japanese Yen The test of the 142.86 price level occurred when the MACD indicator had just started moving down from the zero line
Jakub Novak 09:02 2025-05-01 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on May 1st. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the British Pound The test of the 1.3350 price level in the second half of the day coincided with the MACD indicator having already
Jakub Novak 09:00 2025-05-01 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on May 1st. Analysis of Yesterday's Forex Trades

Trade Analysis and Tips for Trading the Euro The first test of the 1.1354 price level in the second half of the day occurred when the MACD indicator had already
Jakub Novak 08:57 2025-05-01 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on April 30th (U.S. Session)

Trade Analysis and Tips for Trading the Japanese Yen The test of the 142.82 price level occurred at a time when the MACD indicator had already moved significantly above
Jakub Novak 13:23 2025-04-30 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on April 30th (U.S. Session)

Trade Analysis and Tips for Trading the British Pound The test of the 1.3377 price level occurred at a time when the MACD indicator had already moved well below
Jakub Novak 13:20 2025-04-30 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on April 30th (U.S. Session)

Trade Analysis and Tips for Trading the Euro The test of the 1.1386 price in the first half of the day coincided with the MACD indicator having already moved
Jakub Novak 13:18 2025-04-30 UTC+2

Top analytics

Relevance up to 21:00 2025-05-02 UTC--4
EUR/USD Overview – May 2: The Dollar Faces a New Collapse – And It's Far from the Last
03:47 2025-05-02
Fundamental analysis
Relevance up to 00:00 2025-05-03 UTC--4
Intraday Strategies for Beginner Traders on May 2
06:49 2025-05-02
Forecast
Relevance up to 21:00 2025-05-02 UTC--4
Trading Recommendations and Analysis for EUR/USD on May 2: Third Consecutive Day of Dollar Strength
03:47 2025-05-02
Trading plan
Relevance up to 00:00 2025-05-03 UTC--4
How to Trade the EUR/USD Pair on May 2? Simple Tips and Trade Analysis for Beginners
06:31 2025-05-02
Trading plan
Relevance up to 21:00 2025-05-02 UTC--4
Trading Recommendations and Analysis for GBP/USD on May 2: The Dollar Faces a Tough Test
03:47 2025-05-02
Trading plan
Can't speak right now?
Ask your question in the chat.
Widget callback
Callback widget
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.