Technical point of view OIL keeps bouncing and trying to stay above 100 level, these also is a sign that strong bulls in the market hold for a potential, a strong reversal pattern.
Brent experienced bearish movement and hit the target from my previous analysis. The price has bounced off the trendline support and is now gathering bullish momentum to resume the rise. Break below the support will invalidate the buy.
Crude aooears to have broken out of trendline resistance, particularly on the daily chart. Closing today above 107.60 would launch the next rally. Fibonacci projections set target about USD165, about mid-June. The weekly chart candlestick is also forming what might be a bullish candlestick with a long shadow at the bottom, suggesting upward momentum. Daily...
On the H4, with price expected to reverse off the stochastics indicator, we have a bearish bias that price will drop from our entry where the swing high resistance and 61.8% Fibonacci retracement is to our take profit in line with the horizontal swing low support. Alternatively, price may break entry structure and head for stop loss where the horizontal swing high...
Let's be practical. There's 2 ways this can go. (refer back to my 19.4 update about the slip we see in the last few days) 1) Triangle consolidation since the peak of 128 back in March is with a 102.90 resistance level. A breakout above with a daily candle close confirms up-trend breakout and 105, 108, 115 would be immediate possible targets. 2) A breakout...
There is strong downwards price pressure which will need to resolve itself. The price targets listed above. Price needs to continue to bake. if you like this idea please upvote. Realistic picture of the market.
UKOIL has been making lower lows on the Daily timeframe. Bears are pulling price down. Currently, price is testing strong trendline and resistence zone 110$. This number is very psychological meaning that a lot of sell orders at 110$ price that creates a powerful confluent zone. ------------------- Share your opinion in the comments and support the idea with...
USOIL could nicely break the upper trendline and the rsi trend also. Looks extremely bullish right now (completing wave -c-)
Hello,Friends! Based on the technical analysis And the recent minor fundamental news USOIL looks bullish to me overall I think market-makers will be pushing the pair up That is why we are going long! Like and subscribe and comment my ideas if you enjoy them!
More than a week ago, we warned about potential EU's ban on Russian oil and the risk it poses for the higher price of oil. We suggested that this step would lead to higher prices of oil in the short-term. Just two days ago, Germany was reported to back a gradual ban on Russian oil. Because of that we abandon our short-term and medium-term price targets. Although,...
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned...
Imperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product...
Gold looking to attack liquidity area for a sell at 1922-1927 area Like and comment what you think
quick comparison of ASX coal companies SMR Stanmore Coal WHC Whitehaven Coal Ltd NHC New Hope Corporation Ltd DBI Dalrymple Bay Infrastructure Ltd ERA Energy Resources of Australia Ltd PDN Paladin Energy Ltd YAL Yancoal Australia Ltd TIG Tigers Realm Coal EER East Energy Resources
At the chart of h4, WTI keeps triangle convergence pattern, th high point of price had resisted downward trend line , maybe wo could short above 104.20, sl:107,tp:98
Possibly seeing a fake breakdown? I entered long today and am interested in the volatility that gas/oil names have. Only in commons. Expect 13-14$
USOIL MARKET OVERVIEW USOIL closed bullish today and one more bullish candle should return price back to 112.00-113.50 Price was fundamentally driven which gave us the push higher. I gave a mid week overview to the members of the possibility that if 103.20 breaks then we will swiftly move to 106.00 so no one was left in the dark. A long in oil would interest me...