"The Company consists of the upstream businesses of Exploration & Production and Gas & Power and the downstream businesses of Oil Products and Chemicals. It also has interests in other industry segments such as Renewables and Hydrogen." right now Shell currently offers the highest dividend yield among the oil majors, at 6.5%. Moreover, that dividend is...
as the chart say . the coming Pressure zone is SO important for our "long position "
before the next EIA DATA we will check this out for profit or close for stop loss !
looink up to our target @ 70 first stage !!
Resuming long position on oil. Setting up a buy limit order @70 with TP @75 and 80 and SL @66. Might add more buy position if there's more fundamentals support and likelihood that oil's gonna shoot up to 80 within the year, aligned with current overall market expectations. Must be careful with impending volatility...
At 15.01.2018 quatation tried break up resistance created by the low range of the 11.2014 candle TF 1 Month.
Now we've got little correction.
But we've got also a strong bullish chanel built from june last year.
So ... we have a few SZ's from 1D TF & resistance lines on the way up! this year.
And one pink TL.
But I think zones and all that stuff could be only a...
Oil should continue its bull run higher after a short correction. Saudi's seem to be finally getting their act together, and with power consolidation, should be able to limit supply enough to continue this rebound in prices this year. Fed's higher interest rates should dampen the response from debt-laden shale producers. These should set up for long-term higher oil.
Bullish signals include:
>Global inventory declines of 72m since January
>Capex slashed year over year since 2015
>Potential for output cuts to come
>Instability in the middle east
>Rising marginal cost of production.
oil Trading around 51.5 and Strongly holding 50.5 level
which is very strong support if hold above 50.5
we can see 54-55 this week.
Advice to buy oil in range of 51.55-50.4 sl below 49.8
TP1 53.5 TP2 55
Latest headline crossing the wires on oil markets is from the Iranian OPEC Governor, noting that he is ‘very optimistic’ on OPEC deal. (Reuters)
use small lot as risk Vs Rewards
Buy oil in range 44.9-43.5 SL below 42 TP1 47.5 TP2 49