NYMEX:CL1! This market is witnessing an unusual movement and the possibility of a rise is very high My advice is to buy
This market is witnessing an unusual movement and the possibility of a rise is very high My advice is to buy
When crude was trading at $120 a few months ago, all you would hear on Twitter from people like Javier Blas from Bloomberg and other propaganda pundits is about how the fundamentals of oil are so bullish, because OPEC production is maxed out, the Russian Federation's invasion of Ukraine, domestic demand because summer, the government donating the strategic...
It's no surprise that the oil market is as volatile as ever, following the ongoing trade war saga between the US and China. Yesterday, OPEC has released their report on future outlook of the market demand for the rest of 2019, which is BEARISH. They are helpless as demands are dropping, and the US shale supplier keep on continuing to pressure the price with...
CL Sell opportunity Short term If you like my idea support me with like
I expect a short-term recovery in oil. I hope it will be a profitable trade. Good luck.
Hello traders in my opinion USOIL is approaching a strong support zone on spotted the weekly time frame via a brearish trendline and a falling support i think that if it bounces back from that zone + the falling support , breaks the trendline and retests we might see a Bullish correctional movement just an opinion not financial advice
August did not end well for Buyers. Rate Creep across the curve applied pronounced pressure. RISK OFF is in trade across all Sectors within the X Complex. TNX from a Rate perspective - Rate instability and lower rates? At present, No. Bond VX is kicking up. It is however not damaging Banks as of yet, Financials are hanging on... slightly. Will the VIX Spike...
Hi Everyone, Please see updated 4H chart, Oil already hit the support around 86 ready to test the key point at 90, if break there is likely 2 possible upside moment. as we can see the oil will make range until the fed release their new hike Interest rates. we also need see the next coming geopolitical movement from Russia , China and USA. The oil embargo will...
. Crude Oil D1 4-9-22: - Fundamentally there are lots of reasons to expect higher prices - Seasonals and technicals however point to more downside Seasonal: - Seasonally Oil tends to be weak in Q4 - Weakness started earlier this year so might end earlier also (NOV-midterms ?) Pivot Points: - Monthly: Price is below SEP Monthly Pivot, heading for S2 = <80.00 -...
Wholesale gasoline futures could be telling us that the driving demand is bad and just not there to support these high prices. War and geo politics is pushing Crude Oil prices up as well as the heating related products, but gasoline is trading on its own forces currently. With the rejection at around 4.00 a gallon, is the support here or are we destined to look...
CL broke a trading range held since June 2022. now CL is retesting the range and forming a key pullback at 92.44. The market ended this week with a hammer (bullish pattern) that showed the power of buyers. Going long would be a good idea for investors or swing traders with a 1 3 risk reward ratio. The price will possibly reach $100 as a potential first...
Hello traders, Everything is clear on the chart for you like always. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me. Analyse technique CL au 24.08.2022
How often does the Market reward both when they are aligned? Not often. Rare to see both seeking Prices to move higher, and potentially why Wall Street will shake things up with a few surprises. Volumes declined significantly yesterday. NVDA reports today. ________________________________________________________ In all probability, they will attempt to...
COT Data is pointing to Crude Oil ( NYMEX:CL1! or AMEX:USO ) being primed to pop after it's seasonal downturn This is a great example where money management is key as well as not blindly using the COT data as the sole reason for entry. Personally, I have a proprietary daily chart indicator I use to enter trades where COT data is giving signals. Crude Oil has...
The oil price is expected to fall after the breach is one of the most important technical models
Some thesis: Oil is more than enough worldwide. Supply exceeds demand. Transition to electricity. Shale oil - another attempt to manipulate. Saudi Aramco - is the largest capitalization company in the world (another not a good signal for me). We can propose many fundamental arguments, but this is a virtual trading chart (little connect with the real life). It is...
The CL daily time frame is in a large up trend. The market is moving from a high price towards a future low price. There is a down Fibonacci with an extension price point 83.55 that meets the daily up trend line. It is expected the market to push bearish towards 83.55 then U-turn Bullish. If the market holds at the up trend line. It is expected the market to...