➡️ Oil usually rises and falls with the stock market because the prices of both markets are like a proxy for economic activity. But in recent years, these relationships have collapsed. Oil growth may continue to outperform. Stock markets fell and oil prices held. It is more likely that oil will continue to outperform equities on a cross-asset basis. If you are in...
If a deleveraging like 1999 is happening, perhaps we will see 1999-2008 in oil play out in a similar fashion? Not saying it will or won't happen, but it currently looks like oil is setting up momentum for a future breakout. I copied the bars pattern from 1999 to 2008. Maybe it's too bullish? Or maybe not bullish enough. I would venture to say that it seems so...
Potential scenarios for WTI Crude Oil. Price action, key levels & thoughts. Your trading plan explained. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
First, let's start with context. The price has been moving sideways for the last 60 days on a key level where we have observed reversals in the past, as well as continuations after clear consolidations. The Primary Bullish target from where we are right now is 145.00. The Primary Bearish target is 80.00. How can we know which of them will be the right...
Yesterday breakdown of a triangle occurred up, but not down. And it is necessary to recognize it. It means that the price will continue to be adjusted up to level 120-125. Then the movement should be continued down since it is only correction to the previous falling. Falling was an impulse. Information provided is only educational and should not be used to take...
Price of oil bargains within a big triangle waiting for the decision on the ban on the Russian oil. However, I do not change the idea on reduction of price. I expect an exit from a triangle with the first purpose 88 down. I will remind that earlier the price beat off the upper bound of a treguolnik as I also specified in the ideas. Information provided is only...
The price some time was in a triangle. Now the formation is complete and it is time to choose the direction of the further movement. I expect, as before, the movement with the first purpose about 88 down. If to make Fibonacci's stretching, then it is possible to see the first purpose about 80-81. Information provided is only educational and should not be used...
USDWTI D1 Big daily timeframe here, expecting WTI to fall shorter again this week, continuing the theme we saw last week. Small spike towards the end of the week, but nothing to break the technical trend. Expecting very much the same with gold too, analysis to follow.
➡️ The volatility of the oil market remains high, which is due to the aggravation of the energy crisis in Europe against the backdrop of the first precedents for stopping the supply of Russian hydrocarbons to some EU countries. The Wall Street Journal news agency reported yesterday that German officials withdrew their objections to a total embargo on Russian...
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? Elliott Waves break down: The sharp fall in March is clearly a motive wave which is likely based on a double zig-zag The correction that has been forming since then is clearly a triangle but this type is...
Both WTI and BRENT Crude Oil benchmarks rose in price on Tuesday (26th of April) after China announced that it will support its economy in case of a lockdown and the fears of diminishing demand have been eased. If the rally continues it will most likely test its previous high at 109.5, in the opposite scenario, the price might test its support at 99.3 MACD and...
USOIL, We know that as the year goes by and for as long as #Russia attacks #Ukraine we will have fluctuating oil prices. Hence there is an opportunity here.
Beep beep, beepbeepbeep, beebeepbeepbeepbeeeeeep Brent seems to have afforded a parking assistant, judging by the neat way in which it has entered our white zone between $106.12 and $99.47 to finish wave c in blue and wave (B) in white. We expect it to turn around soon and to head for the next parking lot above $114.74, the green zone between $117.78 and $133.52....
➡️ Last week, Brent crude made a major peak at 141$ . It is expected that oil will continue to move in the range of 104.10$ - 114.83$ . The breakdown of the level of 104.10$ and the closing of the price above this level is the main condition for going long. The long target lies at the level of 109.53$ , further growth may continue to 114.83$ . 🔥 BRENT...
OIL in many cases is used to maximize the profits of countries that are producers or have important stocks to have easy income at the expense of an energy inflation and therefore that destroys the real economy. If scenario '' a) '' were confirmed, we would be faced with a historic oil record with unprecedented damage to the real economy. $ 175 / $ 200 Please...
Brent Oil was completely moving based on the previous analysis that I've shared here (See this and this ). As long as CURRENCYCOM:OIL_BRENT 's in under $108.7, the sellers have the momentum to decrease the price toward $103 support. In the case of any break-up for $108.7 resistance, the analysis would be failed and we should wait for a pullback to the broken...
When i posted about shorting UsOil i had seen a similar patterns on pre 2008 crisis, when Oil went from 50$ to 150$ in 18 months. After crash in 2020, Oil has copied a similar pattern, obviously the Covid changed the rules on table, but Oil went from near 0$ to 100$, absurd. If we calculate the Roi based from Moving average to maximum price, we could se a small...