Recently, more and more financial institutions have been upgrading their price targets for oil. Mostly, these forecasts were upward of $100 per barrel, with JP Morgan and some other financial entities forecasting prices as high as $150 in the coming months. About three weeks ago, we tweeted that these statements are very reminiscent of those made in the second...
Crude oil has been on the rise over the last view weeks, which is the main reason why inflation is still the main global problem, so we have seen some positive correlation between dollar and crude as speculators believe that rates will stay here higher for longer. Well, what’s interesting now is that after that after a lot of crude oil bull calls for 100 dollar...
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
it is what it is. the points from the peak to Zero is enough to cover the shorts at unthinkable LOWSS
n yesterday's trend, USOIL rose and fell very obviously. Today it is around 88.2 to 88.3, and the resilience at this position is very strong. I will test this support level and if there is no decline then I think it will rise to around 89.3 and 89.5. In addition, the United States will release EIA crude oil inventories for the week of September 29 in five hours,...
The goal of this chart is to attempt to show the impact of energy costs in the current economy. We use equal amounts of natural gas and crude oil according to economic websites, so a chart that shows the year-over-year % change of energy costs would be useful to look at so we aren't confused by headlines. Everyone seems to be looking at crude oil as the main...
Today, the lowest level of oil fell to around 87.76, but in the end it still returned to the range.Therefore, the success rate of trading in the range is currently very high. Today, oil fell below the range. At present, we need to pay attention to 89.7. This place determines where the next direction is. If it continues to fall below 89.7, then oil is still a...
Oil has been rising because of OPEC production cuts, but now all indicators show that it is currently overbought. There is limited room for growth now, so we are now shorting oil. However, overbought will not reverse immediately and will last for a period of time. But we can try the medium-term goal, the target point: about 86. Short-term trading...
TRADE DIRECTION: SHORT; as indicated by the downward trendline and the market structure. KEY LEVEL: Round numbers S&R with 50 ticks range between each level. TRIGGER SIGNAL: 4 bearish reversal candles RR: 1:2 SL: 74 Ticks TP: 150 Ticks
Oil Brent You can already see the formation of an ABC correction - if the price does not form a full-fledged three-wave structure and turns the trend downward. The nearest target is at 87.50 What can you expect now? You can consider entering from current price levels, but reduce the risks . When opening a position, it is best to exit the position from the...
The price perfectly fulfills my last idea and the price reached our target. Additionally Today we have US crude oil stocks and it will affect the market. WTI Crude Oil has been correcting, more aggressively than most thought after a High outside of the Channel Up. Therefore, we expect to witness negative trading during the coming sessions, with the need to be...
Understanding WTI Oil (USOIL) on the larger, long-term time-frames such as the 1W or 1M charts can broader your perspective and allow you to consider market dynamics that you never thought they were possible to affect the trend. From time to time we tend to make such studies in order to give you an idea of how the long-term trend may be shaped. Example of such...
Dear Colleagues, the price is in the area of long positions set. Renewal of the minimum is possible. Be careful! The nearest target is the resistance area, the maximum of wave 3 - 92.57. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Natural Gas is Breaking out of the base. The entry is above this daily bullish candle and stop loss under the candle. Looking at 2R profit target, however there will be more entries along the way on lower timeframes for more scalping.
I write this as I listen to Tchaikovsky's Violin Concerto in D Major on the excellent Shen Yun Zuopin platform. It seemed quite fitting for watching the world burn. When you hear propaganda on English social media on a Saturday night that a group of mercenaries are raiding Moscow to overthrow Putin, you absolutely must take what you are hearing and seeing with an...
Natural Gas Price Forecast DXY Oil Gold Silver Welcome to the everyday how to make money online trading with Natural Gas Technical Analysis show, where I give you guys support & resistance levels to potentially play off of. As well as both sides perspective of a bear and a bull to give us a better understanding of where our trades are currently and not have a...
Recent market dynamics, characterized by a tight supply scenario and growing speculations of a Federal Reserve rate hike, have raised concerns about the future trajectory of oil prices. 1. Tight Supply Scenario 2. Speculations of a Federal Reserve Rate Hike Given these circumstances, it is crucial to approach oil trading with caution. The combination of a tight...
Bullish backdrop due to lower production and bullish technical factors.