The well-defined channel seems to be intact while RSI is bottoming out and MACD is beginning to curl up. I believe oil has seen the majority of its bad performance in the past week. After this greenflation will kick into gear. People won't be able to resist investing in energy knowing that they'll be taking advantage of huge profit margins while the commodity...
This isn't strictly a technical analysis. I'd like to gage the market sentiment and geo political tensions before I commit to a trade. If I see price break support but I'm seeing bullish headlines, I won't take a oil short. I'm waiting for a bearish catalyst and a break of the support I pointed out. Below are some bullish and bearish headlines I'll be looking out...
Manali Petrochem is involved in the business activities of Manufacture of plastic in primary forms (includes amino-resins, polyurethanes etc.). So rising crude oil doesn't impact it much, dont go for the name of the company Fundamentals Company has a total operating revenue of Rs. 1,620.82 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is...
Bitcoin failed to stabilize above this level after breaking the resistance of 39800 to 40500. According to news from China and Taiwan, as well as the Fed meeting and the possibility of raising interest rates to 0.5%, buyers are cautious. There are still no signs of smart money coming in. According to these notes i think bitcoin can move to 29-30K. ⚠️ This...
Due to the chart price has broke out its channel, so after breaking the 130$, other goals are 165$ and 230$. You can find an entry and get a confirmation due to your strategy after the retest... Goodluck all! please comment and tell me your ideas...
If the Russian Oil and gas embargo is approved, Oil will easily rise to $185 a barrel.This has been taken off the table by Germany however the US are still considering it. As Russias invasion continues we should expect to see a second wave of sanctions and a lot of them aiming at the energy sector which will have huge consequences. If countries decide to...
Just an idea and trade at your own risk. Oil on the longer term still remains bullish on the weekly and monthly timeframes OIL reached on the weekly timeframe the upper uptrend channel and correction may be underway back to 90-95 prior bullish continuation to new highs.
Hello, Welcome to this analysis about WTI CRUDE OIL and the monthly timeframe perspectives. Since the Russia-Ukraine-Conflict began we can see many countries upfront with the E.U. sanctioning Russia and preventing Oil exports out of Russia, cutting off all supply chains including oil. These developments mean there is a growing demand for oil and gas on the...
Friday’s close is highest in more than a decade. On Friday morning I posted that I was looking at a potential head and shoulders pattern on hourly. That morphed into a symmetrical triangle in the morning with an upside breakout in the afternoon. I did trade the breakout but closed position out going into weekend. We could obviously see a big gap either way on...
📉 Expecting bullish price action on USOIL as we are in a huge bullish market strucutre from a technical perspective, look to ONLY LONG this asset. I will try to LONG it from D1 Imbalance area or 100$ institutional figure. From a fundamental perspective we are STRONG BULLISH during Ukraine - Russia conflict + market seasonality that is strongly bullish on OIL I...
New Concept Energy, Inc. engages in real estate rental business. It owns approximately 190 acres of land located in Parkersburg West Virginia. The company was formerly known as CabelTel International Corporation and changed its name to New Concept Energy, Inc. in May 2008. The company was founded in 1978 and is based in Dallas, Texas. New Concept Energy, Inc. is a...
Mexco Energy Corporation, an independent oil and gas company, engages in the acquisition, exploration, development, and production of natural gas, crude oil, condensate, and natural gas liquids in the United States. It owns partial interests in approximately 6,400 producing wells located in the states of Texas, New Mexico, Oklahoma, Louisiana, Alabama,...
Imperial Petroleum Inc., together with its subsidiaries, provides international seaborne transportation services to oil producers, refineries, and commodities traders. As of September 30, 2021, it owns and operates cargo fleet with capacity is 255,804 dwt. The company was incorporated in 2021 and is based in Athens, Greece. Imperial Petroleum Inc.(NasdaqCM:IMPP.V)...
Stonegate Capital Partners Updates Coverage On Indonesia Energy Corporation Limited (NYSEAM:INDO) DALLAS, TX / ACCESSWIRE / February 3, 2022 / Indonesia Energy Corporation Limited (NYSE American:INDO) : The full report can be accessed by clicking on the following link: stonegateinc.com Feb2022.pdf COMPANY DESCRIPTION Indonesia Energy Corporation Limited (IEC),...
We are reaching extremely high Futures prices in the commodities sector. It's a bit worrying especially since these prices are approaching 2008 levels, some are higher. We might see a global recession, and it can be triggered by a black swan event (The Russian war could have already started this catalyst) and a global Inflation that doesn't seem to slow down. So...
Oil is heading to 2008 prices really fast. This will trigger global inflation .
The West Texas Intermediate Crude Oil market has been all over the place during the trading session on Thursday, as traders continue to try to price in a bit of a premium for Russian aggression, and of course, the fact that most shipping companies will have nothing to do with transporting Russian oil, effectively taking 10% of the world’s inventory off-line....