TVC:USOIL   Crude Oil (WTI)
oil
219 5 8
oil
1- it broke the ascending trend line
2- trading under MA 100
3- strong negative volume
4- OPEC wont reach a deal at the end of the month as Iran is increasing its oil             output
5- Trump promised that US will not need to import oil             and it will increase its output
6- OPEC output registered its highest record in October
7- global glut and weak demand specially from china will add more pressure on prices
8- US Drills numbers are increasing
9- Strong dollar
10- long term target will be thirties
Trade active
I agree in common. You are right, also if you check commitment of traders data, managed money started to close their long futures positions, but short positions remain low ( stated on the last cot report) and I think they started to increase short positions last week, so if there is going to be a spike in managed money shorts next weeks the price can fall to 35 USD per barrel, before 30th November and then the meeting in Austria will decide if the price will spike.
Reply
Assem_Mansour andrej123456
@andrej123456, yeah good point of view, I agree (Y)
Reply
11 DAYS IS OVER , AND NON OF NEWS YOU MENTIONED EFFECTED ON OIL PRICE, I BELEIVE THAT wAVE ANALYSIS WOULD TELL US WHERE MARKET IS GOING GO.
USOIL UNDERSTANDING WAVE STRUCTURE & HOW THEY BEHAVE

Reply
@namavar, wait after the OPEC meeting at 30 th Nov. am still expecting that oil will visit 35-39$ before going up
Reply
Assem_Mansour Assem_Mansour
@assem.sayed,
snapshot
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out