📉 Breaking News: BRN Crude Oil Faces Bearish Pressure Amidst Global Uncertainty
Interest Rate Concerns: Federal Reserve Governor Christopher Waller’s recent comments hinting at delayed interest rate cuts have raised concerns about sluggish economic growth. As a result, oil demand is expected to be curbed, impacting BRN crude prices
Pipeline Shortage in Canada:...
Despite limiting its highest daily gains in a week, WTI crude oil remains in a flat trend. US government representatives have stated that they are prepared to release 15 million barrels of oil from SPR.
In contrast to repurchasing shares and paying dividends, according to Biden, oil firms should increase output and lower gasoline costs.
He said, “My message to the...
✅USOIL was trading in an uptrend
But after the retest of the horizontal resistance
On the daily time-frame
The pair broke the rising support
And after the pullback bearish continuation is likely
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Sorry TVC USOIL guys had to use this chart to show how naughty the set up is
THIS IS A SHORT TERM LONG IDEA- it will drop when they have unlocked their funds from Red Vector candles at the highs
Keeping this one short and sweet We hope. So it's no secret we stopped being aggressively Bearish when we failed to hit the next Green Vector candle below. (77.74)
We...
✅ CRUDE OIL is retesting a falling resistance line
Which makes me locally bearish
And I think that we might see a pullback
And a move down
Towards the local support below
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Evidence of a head and shoulders pattern forming.
Already developed shoulder and a head structure.
Using FIB Retracement, designed a the first bottom that will decide the supporting line for the price in May 2021
Thanks for viewing.
- Exxon lost 57% in 77 days and has since bounced strongly - so are we in a new bull-market?
I would give my answer as a resounding no. Why?
- Mostly because crude oil is at 30 year lows which renders all upstream activities drastically unprofitable - how unprofitable? Some estimates of Exxon's break even price per barrel are over $70 a...
The price of crude broke and confirmed the upward break of the resistance area between the low area identified by the two EMA 20 and 200 daily periods. Two EMAs have crossed upwards, at about $ 59.20, and the high zone, where finds at 61.60 $ the 23.6% of the Fibonacci retracement.
From resistance to support
Technically all these resistances have become key...
As per Weekly Chart Crude oil took support around $50 where from where it took breakout in the month of July. If crude oil sustain above this level can bounce back up to $55.
As after sharp selloff momentum indicator like RSI also moved to over sold region.Closing below $50 can open new downside.
Prices for Brent rose sharply against the background of political tension. There was an aggravation of relations between Iran and the head of the White House, Donald Trump, who threatens to terminate the nuclear deal. They put considerable pressure on the market and quotes, as it can reduce the volume of daily world oil production by 600 thousand barrels per...
After touching the $ 51.91 price per barrel, oil has seen liquidations of profits, returning again in 46.50 area.
This price zone is very important, because it meets the dynamic support formed by the beginning of August.
It will be crucial to see how prices react to this key level, especially with the release of data on oil stocks on Wednesday and the...
Look forward for further upside movement as a result of the 3050-3100 triangle wedge climbing.
By this way the price could reach 4400-4500 levels before spring, 2018.
Based on my last idea even 85-87 levels in USDRUB were good to keep Long hedged by Long in UKOIL from $25-27.
