Hey traders, Update for WTI Crude Oil. As you remember, we were bearish biased, and we were patiently waiting for a confirmation to short. The price broke a support line of a bearish flag pattern on a 4H. I believe that the market will keep falling now. Goals: 102.88 100.0 ❤️If you have any questions, please, ask me in the comment section. Please, support...
The Organization of the Petroleum Exporting Countries and allied producers are expected to confirm as a mere formality their decision to expand oil production by 650,000 barrels per day in July and August. The OPEC+ group of producers including Russia, began two days of meetings on Wednesday, though sources said there was little prospect of agreement to pump more...
Crude oil experienced a significant drop in price over the past two weeks. This week, however, it appears the energy commodity is bouncing back to the bullish side. The fall in the price of oil since May was triggered by the fear of a recession, in the US in particular, and numerous central banks’ moving against inflation with rate hikes, leading to slowing...
💬 Hi traders. I use the supply-demand method for my analysis. Check the lower timeframes for confirmation and entry. (5m,1m) 💬 What do you think about this setup? 💬 Everything I share is how I trade personally. 😉 Enter the trade by checking yourself.☑️ Do not put more than 3% of your capital at risk! ❌
Insider: G-7 talks with India and China on oil price brake positive G-7 talks with India and China on a plan to cap the price of Russian oil have been positive, according to an insider. The two buyer nations have incentives to comply, a person familiar with the discussions says. A cap on the price has not yet been set, he said. However, it would have to be high...
BRENT(UKOIL) H1 CHART Hello Traders. If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
Hi Again, Take a look at the chart and tell me what you think. I made 158 pips in front of live audience yesterday (27-Jun). Join me during my live trading session to benefit from these moves. Live Trading Session starts at 8:45AM EST. Kings
World crude oil prices tended to be bearish, continuing the correction a week earlier, amid the aggressive United States central bank in raising its benchmark interest rate. Oil prices have been rising since last year and hit a record high this year on March 8, 2022 when Russia invaded Ukraine. The weakening of oil prices is the uncertain demand prospect from...
Hi fellow traders, Brent crude oil is completing the flag correction in WXY formation. We can look for downside from here. Target 90 area. Goodluck!
Please pay special attention to the levels that i indicated on the Chart , History can repeat itself ;) ... Follow us for more analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 06.24.2022 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It...
Last Friday WTI crude NYMEX:CL1! dropped together with the broader equity markets and closed almost 7% lower at $107.99, slightly below the 50 days moving average. Earlier in the month the oil was still trying to break and stay above $120 however the hype cooled down quickly, partly due to the sharp 75 basis points rate hike by the Fed on Wednesday. This recent...
200ema has provided solid support for energy names since November 2020. Will history repeat or is this time different?
After it has knocked at the resistance line at $112.43 already twice, we expect Brent to rise above this mark and into the white zone between $113.88 and $123.14 to finish wave (2) in white. Afterwards, Brent should fall below the support lines at $104.67 and $97.56. There is a 28% chance, though, that Brent could soar through the white zone and climb above the...
INVESTMENT CONTEXT S&P 500 Energy Sector has registered 10-trading day decline dropping by 23.7% as fears of recession and lower demand pushed traders to liquidate longer-dated positions On June 23, all 33 of the U.S. biggest banks, some of which considered as systemically important, successfully passed the Fed's annual stress tests, confirming their...
Hey traders, WTI Crude Oil broke and closed below a support line of a bearish flag pattern on a daily. Now I expect a further decline. Next supports: 99.0 / 95.2 Consider an occasional retest of a broken support of the flag for entries. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Today's energy crisis is not a sign of strength of the oil companies, it is rather witness to the fact that the world economy has a very high productivity, still partly based on fossil fuels, but now moving towards properly renewable and alternative resources. I believe that the tops we will reach in the next few months will only accelerate the transformation into...
Macd indicator and support line must be followed. * None of what i write here is not an investment advice. Please do your own research before investing in any digital asset. * Never take my personal opinions as investment advice, you may lose your money.
Price action analysis on WTI crude oil. Breakout attempt discussed. Potential scenarios explained. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️