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...
After the recent bankruptcy of Bank of America, the pessimism of global investors lingered, and the increase in API crude oil inventories was greater than expected. It is expected that oil prices will still be at risk of further decline in the future.
In the trend of crude oil, the short-term decline continued during the day. The current lowest point during...
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...
Good afternoon traders, our trade for today on CRUDE OIL was as good as expected, after breaking the channel we got in with one contract exactly on the candle I put the 1st arrow on on the left, then after having a configuration I can't share with the public we added another contract on the 2nd arrow on the left, then the 3rd contract on the 3rd arrow and finally...
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...
MCL / Crude Oil
I'm starting with monthly TF - Naked chart
Last months - On January - December can be seen that buyers push price higher and higer but still under $84
on $81,70-82,20 area, we have a support area that was resistence.
This area was touched 3 times, first time with an agresive rejection , second time, move some prices there but nothing wow...
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..
Inflation, inflation, inflation.
In China, 15/16 districts have zero Covid cases and all restrictions are set to be cancelled by June.
Globally, the disease is under control - Pretty much insuring a very busy summer for travel.
So fundamentally - Crude oil has plenty of room to rise in the short-term and mid-term.
When we look at the technicals we see :...
This is a crude oil series I'm doing as of late.
In this video, I go over the Weekly & Daily cycles, look at the Elliott wave count, and some statistics for the month of December.
I'm looking at how this week is going to close, positive or negative.
Let me know your thoughts on what you see playing out in November for crude oil.
The chart master from CNBC ...
The Oil market has been gripped with fear and uncertainty in the last couple of weeks (s) to impose selling pressure as we witnessed a drop of over 1,000pips during the course of last week's trading session. Now that the price cap of $60 per barrel on Russian oil has been agreed upon by the G7 last week; how will the market react or respond to this development in...
This is a crude oil series I'm doing as of late.
In this video, I go over the Weekly & Daily cycles, look at the Elliott wave count, and some statistics for the month of December.
I'm looking at how this week is going to close, positive or negative.
Let me know your thoughts on what you see playing out in November for crude oil.
This is a crude oil series I'm doing as of late.
In this video, I go over the Weekly & daily cycles, look at the Elliott wave count, and some statistics for the month of December.
I'm looking at how this week is going to close, positive or negative.
Let me know your thoughts on what you see playing out in November for crude oil.
This is a crude oil series I'm doing as of late.
In this video, I go over the daily cycles, Elliott wave, and some statistics for the month of November.
I will start my December analysis to see if there is any edge to it.
Let me know your thoughts on what you see playing out in November for crude oil.
