The development and use of artificial intelligence has been a source of much discussion and concern around the world. In this scenario, a country that has long been overlooked in the technological area begins to emerge; Saudi Arabia. It is a controversial country, which participates in several conflicts in the region, directly or indirectly, and which has a bad...
Companhia Energetica de Minas Gerais CEMIG is a Brazil-based holding company engaged in the energy sector. The Company, through its interests in subsidiaries or jointly controlled entities, is engaged in the generation, transmission and distribution of electricity. The Generation division consists of the operation of hydroelectric plants, wind farms and...
The current global economic outlook makes many bullish investors apprehensive, but there are two factors that will cause bullish investors not to change their minds. 1. The United States has reduced the number of drilling rigs for nine consecutive months, and Saudi Arabia may extend its production cut plan, which will lead to a constant shortage of crude oil....
Hello,Friends! USOIL uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 81.10 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USOIL pair. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for USOIL. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 86.34. Taking into consideration the structure & trend analysis, I believe that the market will reach 89.65 level soon. P.S The term oversold refers to a condition...
USOUSD is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 85.707 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 83.321 Why we like it: There is an overlap support level that aligns close to the 50.0% Fibonacci...
The crude oil market has been a whirlwind of activity, with prices peaking at $129 in March 2022 and plummeting to $63 by May 2023. This volatility has led to a broad consolidation zone, stalling the formation of long-term trends. A pivotal support for these fluctuating prices has been the weekly 200 simple moving average. This indicator helped the price rebound...
In my last analysis about USOIL, key zone was 80$ and winning that level, we get full body candlestick weekly time frame. There is still time to test 81.58$(for late longs) where I going to put order to go in again(Long, if I see setup on lower TF.), because below this level I will wait because if we going to test 80$ ,that's not a good sign and then I'd rather...
The US diplomacy has awaken in the past few weeks and we see the following: Biden stays quiet. Good news Tony Blinken and others (Yellen included, watch the next post!) are making serious moves the past few days. Let's talk Oil and Golf: Antony Blinken, United States Secretary of State visits Saudi Arabia for 3 days.. not one, not two, that is THREE days!...
Crude continues performing as anticipated. It reached today our target zone while showing ST overbought condition, be prepared for a profit taking wave in the coming sessions.
WTI Crude Oil resumed the bullish trend after a short pullback in mid August and again turned overbought on the 1D timeframe (RSI = 71.691, MACD = 2.030, ADX = 28.614). On any other occasion that would be a signal to expect a new technical pullback, but given the fact that the 1D MACD just formed a new Bullish Cross, we can expect a continuation of this rise to...
It's time to buckle up and get ready for an exhilarating ride as we witness the recent developments that are set to fuel our profits. 📈 I am thrilled to share the fantastic news that Russia and Saudi Arabia have just announced their decision to extend the supply cut until the end of this year. This strategic move is expected to significantly boost oil prices,...
USOIL stabilizing above 86.08 ill support rising to touch 88.11 then 90.43 then 92.19 stabilizing under 85.00 will support falling to touch 82.96 the 81.14 Pivot Price: 86.08 Resistance prices: 88.11 & 90.43 & 92.19 Support prices: 82.96 & 81.14 & 78.21 timeframe: 4H
Day Trade Market Condition sep 05, 2023 levels for NQ ES CL BTC watch the table left side for trade, right side for trend
USOIL OUTLOOK Oil prices rose on Monday, supported by expectations that major producers will maintain their restrictions on supplies, as well as growing hopes that the Federal Reserve (the US central bank) will leave interest rates unchanged to avoid a slowdown in the economy. Russia has already announced it will cut its exports by 300,000 bpd in September,...
I am anticipating that the price would continue in an uptrend after breaking this resistance, there is a retest happening now. If price shows a bullish signal, then we will go long, but if price breaks below the support, there may be some correction to the downside.
Whenever the price breaks the downward trend line , there is a strong possibility for wheat to rise to the 650$
the price 570$ is the last support area for the Wheat Wheat is moving in a channel and if it reverse from this area it can rise to the 650$ . Trigger is in the H4 time frame whenever price breaks the downward trend line.