Oil Market Still Poised to Go Higher, Zaner Strategist Says

The video discusses recent changes in the oil market, highlighting Saudi Arabia's decision to increase oil production and its impact on prices. It also covers market influences such as Venezuela and Libya, and the potential for future price corrections. Additionally, the video analyzes the current state of the gold market, noting a lack of interest and potential for a technical reversal.

What was one of the reasons for the recent increase in crude oil prices?

• A decrease in global demand

• Saudi Arabia's decision to pump more oil

• A reduction in U.S. oil production

• A new oil discovery in the Arctic

What technical factor is affecting the oil market according to the discussion?

• A new trading algorithm

• A new government policy

• The uptrend channel reaching its top end

• A change in currency exchange rates

Which two countries are mentioned as having an impact on the oil market?

• Canada and Mexico

• Venezuela and Libya

• Russia and China

• Iran and Iraq

What is the current sentiment towards gold in the market?

• Gold is at an all-time high

• Gold is being heavily traded

• Gold is experiencing a lack of interest

• Gold is highly favored

What technical level is providing strong support for gold?

• Between 1200 and 1220

• Between 1220 and 1240

• Between 1260 and 1280

• Between 1240 and 1260