PROFZERO'S TAKE - RADAR RECAP Ever since the very first edition of our daily Parlay, Profs have repeatedly cited their radar to keep track of ongoing macroeconomic developments and forming views. It's about time then for a first full-blown recap of what we are looking at right now, and how do we see the next steps moving: World politics: The war in Ukraine...
Quick update, as highlighted for the past month or so… Crude just popped above 121. Trend is clear and present; momentum is strong. A close above 120 for the day would be bullish. The higher away from 120, the more bullish. Heads up!!
💬 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 President Vladimir Putin said that Russia was not blocking Ukrainian wheat from being exported, and that the grain could be dispatched via ports controlled either by Russia or Ukraine. Before the war, Russia and Ukraine accounted for ca. 29% of international annual wheat sales U.S. economy added 390,000 jobs in May, beating analyst...
The monthly Crude Oil chart shows some seriously nasty ranges. From early 2000s, we have had monthly close check-ins from 20-140; and it does appear that the current dash for the upper end of the range is stronger in momentum (acceleration as seen by the slope and the size of the candlesticks). Taking history into account, it should slow down once crude is about...
NYSE:CPG Weekly chart For CPG We Will see a good move Good luck every one
The Organization of the Petroleum Exporting Countries and its allies (OPEC), agreed on Thursday to increase output by 648,000 barrels per day (bpd) per month in July and August instead of the previously agreed 432,000 bpd. OPEC decision to increase production targets slightly more than planned. As a result of that expectation, it will have little effect on tight...
Holla Amigos, With what looks like a wedge formed by price actions on USOIL, price may yet see a tremendous fall this month. We wait and see. Kings.
Up until a few days ago I believed oil had a chance of getting back down to 75-95$. It can still get all the way down there, but for the price to get there it would need traditional markets to crash badly. The current production is too low, the underinvestment in production is massive and the oil industry isn't incentivized to drill for new wells. At the same time...
It is near impossible to following all the developments in the geopolitics and try to forecast the price of Oil but what does technical analysis suggest? Technical Analysis (Elliott Waves): Since the sharp fall of March 2020 it is likely that we are observing the development of a zig-zag ABC Five waves of the first impulse A completed in July 2021 Wave...
According to a personal strategy called mrm, an upward signal is issued in Brent oil and we will have at least 5 months of uptrend for Brent oil. As long as the price does not fall below $ 110 targets $ 1-130 $ 2-160 It will have $ 3-180 on its agenda Ako fainancial analysis team
Crude oil is retesting a solid horizontal key level. The price formed a cute double bottom formation on that and broke its neckline. Now I expect a bullish rally to 117.6 / 119.0 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
INVESTMENT CONTEXT Russia's Minister of Foreign Affairs, Sergey Lavrov, said that "liberating" the Donbas region of Ukraine was still Russia's "unconditional" priority Germany's economy minister, Robert Habeck, warned the EU resolve on sanctions to Russia was starting to "crumble" Turkey President Recep Tayyip Erdogan is still expected to maintain his...
After breaking RED trendline, OIL price will increase dramaticly A Pullback is possible
Shorting oil, based on analysis of past weeks, oil is failing to go higher. Also, I'm ICT trader. Entered Brent on 111.495 average
totally holding on to this making iy a 1:6 RR. This is a continuation of the post before this, too bad I was way t early on friday, still holding on yo that bit. I really wanted to short 114.45 but I thought we wouldn't get it, Today we did.
INVESTMENT CONTEXT According to the minutes of the latest Federal Open Market Committee meeting held in early May, policymakers remarked the need to keep raising the Fed's interest rate, noting that "a restrictive stance of policy may well become appropriate depending on the evolving economic outlook and the risks to the outlook" Russia heavily cut...
Brent is currently glued to the resistance at $114.74, where it has finished wave b in blue. However, we expect it to let go of this mark soon to fall into the turquoise zone between $101.67 and $99.83. There, it should complete wave a in turquoise and move back above $104.67 afterwards to finish wave b in turquoise. After that is settled, Brent should gradually...