{"id":9746,"date":"2024-03-15T13:13:37","date_gmt":"2024-03-15T05:13:37","guid":{"rendered":"https:\/\/www.ultimamarkets.com\/?p=7102"},"modified":"2025-07-16T08:05:42","modified_gmt":"2025-07-16T08:05:42","slug":"focus-on-oil-today-15th-march-2024","status":"publish","type":"post","link":"https:\/\/www.ultimamarkets.com\/ar\/market-analysis\/focus-on-oil-today-15th-march-2024\/","title":{"rendered":"Focus on OIL today \u2013 15th March 2024\u00a0"},"content":{"rendered":"\n<p>In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the OIL for 15th March 2024.\u00a0<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Key Takeaways\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>IEA predicts rising demand<\/strong>: Because the International Energy Agency has raised its oil demand growth forecast for this year, and due to OPEC+ production reduction measures, oil supply and demand are expected to turn slightly insufficient in 2024.&nbsp;<\/li>\n\n\n\n<li><strong>Retail sales data were weak<\/strong>: U.S. retail sales in February were weak on a monthly basis, recording 0.6%, lower than the expected 0.8%. The previous value was revised down from -0.80% to -1.1%.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Technical Analysis\u00a0<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong><mark class=\"has-inline-color has-black-color\">Daily Chart Insights\u00a0<\/mark><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2024\/03\/\u884c\u60c5\u5206\u679001-6.png\" alt=\"\" class=\"wp-image-7103\" \/><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>:The indicator sends a bull signal above the 50 midline, suggesting that the short trend is not strong, and bullish forces outside the market have begun to enter the market. There is a possibility that oil prices will rise further in the short term.&nbsp;<\/li>\n\n\n\n<li><strong>Breakthrough range<\/strong>: Oil prices have fluctuated above the black 65-day moving average for nearly a month. After stepping back above the moving average for the last time on Monday, oil prices broke through the high point of the shock range yesterday. The overall upward trend is very healthy, and it is worth paying attention to long opportunities.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong><mark class=\"has-inline-color has-black-color\">1-hour Chart Analysis\u00a0<\/mark><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2024\/03\/\u884c\u60c5\u5206\u679002-6.png\" alt=\"\" class=\"wp-image-7104\" \/><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Stochastic Oscillator<\/strong>:The indicator has left the overbought area and the current overall trend is falling steadily. You can focus on long opportunities after waiting for the indicator to send out a long signal again.&nbsp;<\/li>\n\n\n\n<li><strong>Support price:<\/strong> Oil prices are in the process of adjustment, and the lower target is towards the support area composed of the upward trend line and the black 33-period moving average. Based on the previous range of nearly one month, oil prices may rise further after adjustment.&nbsp;<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading has-text-align-center\"><strong><mark class=\"has-inline-color has-black-color\">Pivot Indicator\u00a0<\/mark><\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/www.ultimamarkets.com\/wp-content\/uploads\/2024\/03\/\u884c\u60c5\u5206\u679003-7.png\" alt=\"\" class=\"wp-image-7105\" \/><\/figure><\/div>\n\n\n<ul class=\"wp-block-list\">\n<li>According to the trading central in Ultima Markets APP, the central price of the day is established at 80.30,&nbsp;<\/li>\n\n\n\n<li><strong>Bullish Scenario<\/strong>: Bullish sentiment prevails above 80.30, first target 81.60, second target 82.00;&nbsp;<\/li>\n\n\n\n<li><strong>Bearish Outlook<\/strong>: In a bearish scenario below 80.30, first target 79.90, second target 79.40.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Conclusion<\/strong>&nbsp;<\/p>\n\n\n\n<p>To navigate the complex world of trading successfully, it&#8217;s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you with valuable insights to empower your financial journey.&nbsp;<\/p>\n\n\n\n<p>For personalized guidance tailored to your specific financial situation, please do not hesitate to contact Ultima Markets.&nbsp;<\/p>\n\n\n\n<p>Join Ultima Markets today and access a comprehensive trading ecosystem equipped with the tools and knowledge needed to thrive in the financial markets.&nbsp;<\/p>\n\n\n\n<p>Stay tuned for more updates and analyses from our team of experts at Ultima Markets.&nbsp;<\/p>\n\n\n\n<p>&#8212;&#8211;&nbsp;<\/p>\n\n\n\n<p><strong><em>Legal Documents<\/em><\/strong>&nbsp;<\/p>\n\n\n\n<p><em>Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission &#8220;FSC&#8221; 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><strong><em>Copyright \u00a9 2023 Ultima Markets Ltd. All rights reserved.<\/em><\/strong>&nbsp;<\/p>\n\n\n\n<p><strong><em>Disclaimer\u202f\u202f<\/em><\/strong>&nbsp;<\/p>\n\n\n\n<p><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>\u00a0<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the OIL for 15th March 2024.\u00a0 Key Takeaways\u00a0 Technical Analysis\u00a0 Daily Chart Insights\u00a0 1-hour Chart Analysis\u00a0 Pivot Indicator\u00a0 Conclusion&nbsp; To navigate the complex world of trading successfully, it&#8217;s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing you [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":9917,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[275],"tags":[63,247],"class_list":["post-9746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-brent-oil","tag-iea"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Focus on OIL today \u2013 15th March 2024\u00a0 - Ultima Markets<\/title>\n<meta name=\"description\" content=\"In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the OIL for 15th March 2024.\u00a0 Key Takeaways\u00a0 IEA predicts rising\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Focus on OIL today \u2013 15th March 2024\u00a0\" \/>\n<meta property=\"og:description\" content=\"In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the OIL for 15th March 2024.\u00a0 Key Takeaways\u00a0 IEA predicts rising\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ultimamarkets.com\/ar\/wp-json\/wp\/v2\/posts\/9746\" \/>\n<meta property=\"og:site_name\" content=\"Ultima Markets\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-15T05:13:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-16T08:05:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.ultimamarkets.com\/ar\/wp-content\/uploads\/sites\/18\/2024\/03\/main-A-3-6-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"690\" \/>\n\t<meta property=\"og:image:height\" content=\"389\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"mervin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u0643\u064f\u062a\u0628 \u0628\u0648\u0627\u0633\u0637\u0629\" \/>\n\t<meta name=\"twitter:data1\" content=\"mervin\" \/>\n\t<meta name=\"twitter:label2\" content=\"\u0648\u0642\u062a \u0627\u0644\u0642\u0631\u0627\u0621\u0629 \u0627\u0644\u0645\u064f\u0642\u062f\u0651\u0631\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 \u062f\u0642\u0627\u0626\u0642\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/market-analysis\\\/focus-on-oil-today-15th-march-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/market-analysis\\\/focus-on-oil-today-15th-march-2024\\\/\"},\"author\":{\"name\":\"mervin\",\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/#\\\/schema\\\/person\\\/acd24ecc8c3b66996759943157711472\"},\"headline\":\"Focus on OIL today \u2013 15th March 2024\u00a0\",\"datePublished\":\"2024-03-15T05:13:37+00:00\",\"dateModified\":\"2025-07-16T08:05:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/market-analysis\\\/focus-on-oil-today-15th-march-2024\\\/\"},\"wordCount\":552,\"image\":{\"@id\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/market-analysis\\\/focus-on-oil-today-15th-march-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/wp-content\\\/uploads\\\/sites\\\/18\\\/2024\\\/03\\\/main-A-3-6-3.jpg\",\"keywords\":[\"Brent Oil\",\"IEA\"],\"articleSection\":[\"Market Analysis\"],\"inLanguage\":\"ar\"},{\"@type\":\"WebPage\",\"@id\":\"\",\"url\":\"https:\\\/\\\/www.ultimamarkets.com\\\/ar\\\/wp-json\\\/wp\\\/v2\\\/posts\\\/9746\",\"name\":\"Focus on OIL today \u2013 15th March 2024\u00a0 - 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