Brent oil prices ease from the two-week top during early Friday. However, the British oil benchmark holds onto the three-week-old resistance breakout, marked the previous day. Given the firmer oscillators offering additional signals for upside momentum, a monthly horizontal area surrounding $76.25 is up for a challenge. However, any further advances become...
Brent oil, now the price can get strong stability to up, so i think will record the target and more, near 79.00$ ——- Tendency: upward Target 75.35$
Dear traders: U.S. oil drops as much as 8% to below $70 as OPEC prepares to boost production. Whenever oil prices crash, the digital economy destabilizes. it seems reasonable that the two (Oil, BTC) assets’ price movements would only be marginally related: why? 1- oil is becoming ever more connected with the demand side of the global economy (demand:...
As I shared earlier this month Oil gave us the downside that we wanted. Now it's all about that long guys and gals! Below there's my previous analysis.
Brent oil buyers jostle with 100-DMA while extending the previous day’s rebound from a two-month low, not to forget an ascending support line from late March. Given the RSI recovery from the oversold region, coupled with the bounce off the key support line, the commodity prices may extend the latest upside beyond the immediate DMA hurdle of above $69.00. However,...
Oil prices are at a critical juncture and could fall as low as $ 48 if they lose $ 68. But if there is an increase in demand within the defined support ranges, it can see the target range of $ 100.
Once you zoom out, you can see exactly how price is moving. We can see that price revisited the highs of the 2018 and couldn't push any higher. We reached that area in a an ascending wedge which is often a reversal pattern. Looking for bear flags to take this down! Goodluck and trade safe.
Once you zoom out, you can see exactly how price is moving. We can see that price revisited the highs of the 2018 and couldn't push any higher. We reached that area in a an ascending wedge which is often a reversal pattern. Looking for bear flags to take this down! Goodluck and trade safe.
USOIL IDEA NEW BEARISH CHANNEL EXPECTED MOVE WTIOIL CRUDE OIL
Today we will take a look at the weekly chart of USOIL. Here we will not analyze short-term movements; of course, we will be thinking about the possible paths we can see in the future for the commodity using several months as the main reference. The price is getting close to a major resistance zone where we have observed huge bearish movements in the past—30%...
The World is on fire! Looking from 1960's, Crude oil is moving in a clear channel. the target seems to be over 300$ ! So fill up your barrels !!! NOTICE: It is not a trade advice. This is an overview using simple price. #OIL #CRUDE_OIL #WTI #BRENT 2021 JULY 03 Today price: 75.1$
Although the weekly falling trend line probes Brent oil buyers of late, the commodity prices remain inside an ascending trend channel from May 27, not to forget staying beyond 100-SMA. The same joins an upbeat RSI line to keep buyers directed towards an immediate resistance line of $76.00. However, any further upside will be questioned by the stated channel’s...
The world today is facing a new era, from normal life to pandemic era. Since that the vaccination around the world is in progress, the demand of logistic is back in tracks. Oil demand will be in the right place, right moment to bullish trade. Foresee that tourism will be coming soon.. expected will be back on this end of year. When everybody is vaccinated, they...
The British oil is expected to further decline in its price but to turn around before hitting the mark of $64.56. After that, we are in a perfect position to not only enter the market on the long side, but also to look forward to a very long-lasting bullish run! In total, we expect the price to at least reach areas of $95 in the long run. Be optimistic!