The decline in U.S. crude oil inventories and the suspension of exports from the Kurdistan region of Iraq have supported the upward trend in oil prices, overshadowing the smaller-than-expected pressure on Russia's supply cuts.At the same time, five OPEC+ representatives said that the alliance may stick to the existing oil production reduction agreement at Monday's...
Because the banking crisis has temporarily eased, supply disruptions in northern Iraq have exacerbated supply tensions, and signs of increased demand from China have provided stronger support for oil prices.
Judging from the trend of crude oil, after yesterday's sharp rise in oil prices, it rebounded to above US 70, and the technical bullish signal was...
MCX:CRUDEOIL1! broke down a major support zone and now that support zone acting as a major resistance zone . upcoming strong support zone 4705-4200. upcoming trend will be sideways to downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed...
There may not be a shortcut to success, but there must be a way.Give up what should be given up, grasp what can be grasped; only insist on investing in your own investment standards.
Yesterday's short crude oil orders reaped very good profits, and the current crude oil is creating favorable trading opportunities for us.
At present, the U.S. Secretary of Energy...
At present, it is in the process of rebounding after a volatile decline, and the short-term trend is relatively volatile. On the one hand, oil prices have initially bottomed out, which is a bit like a sign of inverted V reversal; on the other hand, oil prices seem to be undergoing a correction after breaking the level and falling.At present, the short-term rebound...
Roman Roland once said that people often feel that the stage of preparation is a waste of time. Only when the real opportunity comes and they are unable to grasp it, can they realize that their usual lack of preparation is a waste of time.
Recently, it is mainly due to people's concerns about the global economy that have dragged down oil prices. However, the...
Crude oil prices continued to fall today, and are currently trading near US 65 per barrel.On the fundamental level, the supply and demand structure of the international crude oil market is still a small oversupply. Unless OPEC has a significant production reduction, it will be difficult to achieve much growth on the demand side.
Although UBS reached an agreement...
As the banking crisis hit the global financial and oil markets, NYMEX crude oil and Brent crude oil both fell more than 9% this week, and oil prices will record their largest weekly decline since the week of December 9 last year.
From the perspective of the trend, crude oil rebounded weakly after breaking through the level. Whether it is the daily or weekly line,...
Oil prices bottomed out and rebounded on Thursday, ending a three-day decline. Earlier, there were reports that Saudi Arabia and Russia met to discuss how to strengthen market stability. The two countries continue to promise to abide by the decision to reduce their production target by 2 million barrels per day by the end of 2023; helped by a strong rebound in the...
There are still concerns about the banking crisis in Europe and the United States in the market. Some investors are even worried about the arrival of a new round of global economic crisis. Moreover, the market is still worried about the oversupply of crude oil, and the future of oil prices is still biased towards bears.
It was mentioned in the article shared...
Just a near term play here on the anticipated, transitory USD weakness.
The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.)
Fundamentally, Russian oil companies have already figured out - and are using...
CRUDEOIL intraday trading alert
3 simple steps to find a quality setup !
Risk Reward Ratio 1: 2
Anyone same idea with me?
BUY Crude Oil
Good luck traders..
Main Idea:
You can see all the details on the chart.
Around 74$ (with low time frame confirmation) it can be a good area to buy.
If you have questions, feel free to ask.
💡Wait for the update!
🗓️22/02/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
CRUDE OIL intraday trading alert
3 simple steps to find a quality setup !
Risk Reward Ratio 1: 2
Anyone same idea with me?
SELL Crude Oil
Good luck traders..
CRUDE OIL intraday trading alert
3 simple steps to find a quality setup !
Risk Reward Ratio 1: 1.618 or 1: 2
Anyone same idea with me?
SELL Crude Oil
Good luck traders..
Focus up!
100-101.50 is key retest level of support trend-line stretching back all the way to December 2021, with consistent higher lows.
At the same time, it's also a retest level of the second higher high breakout stretching back from the peak of 128.
China lock down is expected to ease within days, inflation is on the rise, EU oil ban for Russia is likely...
CRUDE OIL intraday trading alert
3 steps must fulfill before entry
1. 1st breakout done
2. Retracement done
3. 2nd breakout and see you in the home ⬇︎
More info in my profile..
Good luck traders..
Obviously, the trend is bearish, but $70 is on the way (this is an interesting price for buyers).
On the other hand, we are in the discount so we should wait and give a time to price raise to our optimal price entry.
So we're looking for a nice short setup on:
79.9 - 81-5
84.3 - 86.3
💡Wait for update!
🗓️29/12/2022
🔎 DYOR
💌It is my honor to share your...
