Join the PU Xtrader Challenge Today
Trade with simulated capital and earn real profits after you pass our trader assessment.
25 March 2025,05:28
Trade Of The Day
*Crude oil prices extended gains as US-Venezuela tensions escalated following former President Donald Trump’s threat to impose a 25% tariff on nations purchasing Venezuelan crude. This move aims to tighten pressure on Venezuela’s economy, potentially deterring key buyers such as China, India, and Spain. However, China’s impact remains limited due to its low dependence on Venezuelan crude relative to its total imports.
* Technical Breakdown: Oil prices are testing the 69.25 resistance level, with MACD signaling an upward trend and RSI at 63, indicating continued bullish momentum. A successful breakout above 69.25 could drive prices toward 70.50 resistance. However, if bullish momentum weakens, oil may retrace toward 68.40 support.
Russia-Ukraine ceasefire negotiations could significantly impact oil prices, depending on their outcome.
Learn more about how to navigate the prop trading landscape by checking out PU Xtrader’s trading blogs.
Keep an eye on potential Trump’s tariffs implementations, and Russia-Ukraine ceasefire deal for further market direction by following PU Xtrader’s financial news page.
Register For PU Xtrader Challenge And Start Prop Trading
Take Challenge
Trade with simulated capital and earn real profits after you pass our trader assessment.
2 April 2025, 03:17 Gold Holds Near Record High as Trade War Concerns Mount
28 March 2025, 01:59 Gold Hits Record High Amid Trade War Fears
27 March 2025, 08:44 Gold Rebounds as Trade Policy Uncertainty