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...
Hello Traders
WTI is continuing with major pullbacks off the upper resistance cluster level increasing the bearish momentum.
WTI is likely to finalize the whole ascending wedge with the main breakout below the boundary.
USOIL just retested the low of last week and started to rise from there without any stop.
stabilizing above 87.67 will support rising to...
As an oil trader, you'll be thrilled to know that the economic conditions remain bullish, thanks to the continued OPEC + supply cut.
The oil market has been experiencing a remarkable rebound, primarily driven by the collective efforts of OPEC + countries to stabilize prices. With the ongoing supply cut agreement, we have witnessed a gradual reduction in global...
Brace yourselves because Russia's push towards $100 per barrel is causing a wave of optimism that we simply cannot ignore!
The energy landscape has been buzzing with anticipation, and the recent surge in oil prices is a clear indicator of the incredible opportunities that lie ahead. With Russia's bold move, we are witnessing a significant shift in the market...
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Oil prices are under negative pressure to reach the level of 94.20, but requires anticipation from previous negotiations Today, the price is under further negative pressure during the previous session, including a break of 94.55 key price trend against the upside It has the chairman's target of 96.60.
stabilizing under 94.55 will support falling to touch...
WTI crude futures surged by 3.5% on Wednesday, briefly reaching above $94, marking their highest settlement price of 2023. This impressive rally followed the release of EIA data indicating a larger-than-expected decrease in US crude inventories, showing a 2.17 million barrel drop in the past week.
In parallel, Brent crude futures saw a substantial increase of...
Introduction:
Hey there, fellow traders! We've got some exciting news to share that'll make you want to jump on the oil bandwagon. The oil market has been buzzing lately, and we're here to shed light on how the recent developments are creating a golden opportunity for all you savvy investors out there. So sit back, relax, and let's dive into the world of oil!
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USOIL
Oil price resumes its positive trading now, confirming the continued dominance of the upward trend during the coming sessions, and the way is open to achieving our first target at 92.19
.
stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07
stabilizing under 90.43 will support falling to touch 88.73 the 87.64
Pivot Price:...
Introduction:
The oil market is heating up, and there's an exciting opportunity knocking at our doors. Brace yourselves as we delve into the recent surge in US oil prices, which have approached the $90 mark due to a scare in supply and cooling demand. In this article, we will explore the factors driving this upward trajectory and present a compelling...
I'd like to draw your attention to an issue that has been brewing beneath the surface, silently impacting emerging market countries and their currencies. It is the high oil price, which many argue functions as a form of tax, cooling economic growth and putting additional strain on these nations.
The recent surge in oil prices has undoubtedly caught the attention...
Buckle up, because the market is buzzing with potential opportunities for those willing to take a leap of faith. Sit tight, as we explore how recent developments in the US economy, China's recovery, and tightening supplies could pave the way for a potential rise in oil prices, with a target of $100. Get ready to seize the moment and make the most of this oil dip!
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----------OIL TO CORRECT TO THE DOWNSIDE--------
Trading is not like fairy tail Jack and the beanstalk. Price does not move like a straight line. At least most of the time it doesn't. Instead it moves wave by wave with shorter and longer corrections until it finally finds a point from where it cannot proceed any further and reversal happens. In case of US WTI oil...
USOIL
As we said the direction is still rising and did a retest ,and it will rise again
stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07
stabilizing under 90.43 will support falling to touch 88.11 the 86.08
Pivot Price: 90.43
Resistance prices: 92.19 & 93.27 & 95.07
Support prices: 88.11& 86.08& 85.00
timeframe: 4H
As you might have noticed, oil prices have been on the rise lately, and there are two compelling reasons behind this bullish trend. Firstly, the potential recovery of the Chinese economy has sparked a wave of optimism worldwide. China, the world's largest oil importer, is showing signs of bouncing back, which could significantly boost demand and drive prices even...
Hello Traders!
On The Weekly Time Frame, The USOIL Broke a Strong Resistance Level (83.49-80.21)
Currently, This Resistance Level Becomes New Support Level.
So, I Expect a Bullish Move📈
i'm waiting for a retest...
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TARGET: 91.50🎯
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Discover why the oil market is making waves and how you can ride the wave of this exhilarating rally!
Attention, traders! Brace yourselves for some exciting news that will have you itching to jump into the oil market. The oil rally is gaining steam, and it's time to seize this golden opportunity!
The recent surge in oil prices has sent shockwaves through the...
Introduction:
In recent years, the global oil market has witnessed significant shifts that have left traders and analysts questioning the future of this vital commodity. One of the most intriguing developments is the unique Russia-Saudi Arabia OPEC+ deal, which has sparked speculation about whether we have reached peak oil demand. In this article, we will delve...
