With BDRY (The Baltic Dry Index ETF), finally going up, we may start to see more shipper stocks go up. We've already started to see an uptick in SB, GASS, TK, and TNK, now we might start to see some action across the entire sector. I still would want to focus on those that are giving us at least a somewhat decent pattern, and IMPP in this case is both cheap and...
Yesterday I said that oil has broken through the downward trend, and now it is blocked from falling in the middle of the trend line. If it continues to fall, we need to observe the support strength of 76-76.3 So you can buy gradually in this range, because the OPEC meeting is still uncertain, if it falls below the range, you need to strictly set the stop...
Hello, according to my analysis of the oil market. We notice that the market formed a triangle pattern and penetrated the pattern. But it was a bullish breakout. But it rebounded from a very important area, which is the 78 resistance level. A large red candle also formed, indicating strength in the sellers. Good luck to everyone.
Overview: After several tentative, finally the trend line has been broken. Yesterday's CoT report (Commitment of Traders) highlighting that commercial and not commercial are reducing their net long positions in options. This could be a signal that area $73/$75) is an accumulation's area, at least for the current conjuncture, confirming our strategy. Eye on API...
My dear subscribers, This is my opinion on the USOIL next move: The instrument tests an important psychological level 75.13 Bias - Bullish Technical Indicators: Supper Trend gives a precise signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 76.80 About Used Indicators: On the subsequent day, trading above...
Hello ladies and gentleman,according my analysis To Light Crude Oil futures .there is agreat probability long to 103USD.
The price of gold (XAU/USD) struggles to capitalize on intraday gains, hovering around the $2,052 level and retracing from a peak touched last Wednesday, near seven months ago. Despite a modest rebound in the US dollar and a positive risk tone, the precious metal remains in positive territory for the fifth consecutive day. The Federal Reserve officials' recent...
🕛 TOPDOWN Analysis - Monthly Bullish Structure, Weekly Bearish Inducement Overview: The monthly market structure maintains a bullish stance, holding key supports. On the weekly chart, a valid low was established, accompanied by a strong bearish inducement. While a demand flip occurred, the overall trend remains bearish, marked by a record session count and inside...
The OPEC+ meeting has been postponed, and the market has doubts about whether oil-producing countries can insist on extending production cuts. As well as the recent weak performance of U.S. economic data, the margins of supply and demand are weak, which is not conducive to higher oil prices. The OPEC+ meeting at the end of the month will be the highlight of the...
#USOIL.. market just break hi upside barrier 76.90 keep close it because if market hold it as a supporting area now then upside further move expected, if not then again drop can intact, upside and downside areas are mentioned on chart. trade wisely good luck
Hello,Friends! USOIL pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 75.52 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Take a look at our analysis for USOIL. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 75.13. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 83.17 level. P.S We determine...
The analysis of the USOIL chart clearly shows us that the pair is finally about to go up due to the rising pressure from the buyers. ❤️ Please, support our work with like & comment! ❤️
oil starting to push up after breakout the channel, do you have order in oil right now?
Overview: Weekness due to the OPEC+ meeting uncertainty. Strategy: Positive Delta looking for a technical rebound and waiting for the CoT report which is gonna be released today. We hold moderate positive position. Our current delta: @$74.20: +0.20 Technical signals: RSI negative, Stochastic in oversold area. Trends analysis: primary(purple): corrective...
As the eagerly awaited OPEC+ meeting approaches, whispers of potential production cuts among its members are gaining momentum, hinting at a strategic move to stabilize oil prices. In such a scenario, the prospect of a surge in oil prices looms on the horizon, and the GBPCAD pairing stands poised for a correction. The delicate balance between global oil supply and...
Initially postponed due to member disagreements, the OPEC+ meeting is now set for Thursday. Discussions are poised to delve into the consideration of deeper oil production cuts. Analysts foresee the potential extension or intensification of supply reductions into the coming year to stabilise oil prices, which currently hover around $80 a barrel. While the...
The prices of oil appear very negative as they record losses for the fourth consecutive day. Markets are selling crude oil futures contracts due to the current division within OPEC+ on how to proceed, with the prospect of a lack of severe measures to support oil prices. The postponement of the OPEC+ meeting to a virtual mode on Thursday highlights a deep division...