Hi All, here's what am looking at today. Will price hit our targets? We shall see... Live trading session at 8:45AM EST (Mon-Fri) Regards, Kings
Would you risk 92pips fpr 380+pips profits? Let me hear from you. I will update here later. Kings
INVESTMENT CONTEXT Inflation in the UK reached 9.1% in May, up a tad from 9.0% reading in April IEA warned the EU to brace for a potential full cut of energy supply from Russia, with outsized repercussions on the bloc's GDP Germany’s finance minister called the EU ban on sales of combustion engines cars by 2035 a “wrong decision” Goldman Sachs upped...
UkOil Brent trend continuation liqudity short setup.
Updating on USOIL for the day. Last weeks analysis was a blast, big congrats to all that caught that move. Let's meet during my live trading session at 8:45AM EST (Mon-Fri) Kings.
Crude oil prices are in clear retracement this week, in the midst of broad market down trending. Previous week's assessment was that Crude stalled, and the week passed saw Crude reach near target, almost 124, before stalling and retracing. For interest, white arrows show entry and exit points that were taken. Just days after closing the trade, Crude turned down...
The weekly candles for the oil and gas company, ExxonMobil, look quite bearish. This could be the start of a major decline. There is a shooting star pattern forming on the weekly chart, while the oscillators are trending down and while the daily EMA exp ribbon and daily trend lines breaking down. Although anything can happen, it is looking like a major bearish...
Here is what i think might play out today. Best when proper risk management is applied. Kings
Multiple time frame analysis on WTI Crude Oil. Price action & structure. Potential bearish scenario explained. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
INVESTMENT CONTEXT Markets reacted positively to the Fed's 75bps rates hike on June 15. Traders in particular appreciated the positive tone on 75-50bps increase next month According to the latest Fed forecast, inflation is expected to top 4.3% by the end of 2022 and 2.7% in 2023; unemployment is said to reach 3.9% in 2023 and 4.1% in 2024 On June 16...
Oil prices went double in short time and maybe War play a long role but for short period it can drop at 86 price. Due to inflation peoples can't afford high prices other side Businesses same position.
Long brent oil buy 124$ take 150$ UKOIL long profit 26$
Count for Brent Crude oil (BCOUSD) starts from covid low at $17.52 in April 2020 Vessels of oil where turned back at sea during lockdown. Supply was enormous, drove crude oil prices to negative territories which made headlines- something beautiful to have witness. LOL Five wave up from April 2020 low to March 8 2022 high March 8 2022 high of $135.84 is holding...
Before July, USOIL was seen moving in the consolidation channel area which tends to be bullish. in July, USOIL sentiment will tend to be bearish. The Organization of the Petroleum Exporting Countries (OPEC) member states announced plans to adjust oil production upward in July by 0.648 million barrels per day at the 29th OPEC and non-OPEC Ministerial Meeting on...
💬 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! ❌
INVESTMENT CONTEXT S&P 500 and Nasdaq recorded their worst week since January, sliding 5.1% and 5.6%, respectively; Nasdaq compounded losses close just shy of 7% in 2 days (June 9-10) ECB plans to stop its bond-buying program to cool record-high inflation (8.1% reading in May). The gap between Italian and German 10-year bond yields hit 227bps, the highest...
I did an analysis in January projecting Brent oil to rise (related ideas link) and now I see it as a time to drop, my first idea got no attention anyways so I doubt anyone will see this either. Enjoy.
oil could be heading to further highs, if the daily breaks the previous high then expect further rallying. buying any drops to the trend line until a clear reversal is in