Crude oil has also previosly reversed from 200-day moving averages on the daily graph, making a reversal. This moving average has acted as a strong resistance. I expect it to do the same now, at least until $74. Then we can target $72 with more risk.
Recently, the Organization of the Petroleum Exporting Countries (OPEC) released a groundbreaking report that sheds light on the promising future of the global oil market. The report highlights the continued surge in oil demand from two of the world's fastest-growing economies, India and China, well into 2024. This revelation opens up opportunities for us to...
China may have stimulus packages are expected to boost economic growth, it is crucial to approach oil trading orders cautiously due to the rising oil inventory in the United States. The Chinese government's efforts to stimulate their economy have historically impacted global markets, including the oil sector. As the world's largest importer of crude oil, any...
The crude price has been on steady rise since on the 23rd of June after the lowest of the previous @ $67 per barrel, According to DANCOLNATION CAPITAL TRADING STRATEGY, we shall on the SWING perceptive trail the moves till it $75 as our partial swing TP before a retrace that may take the price high further or not
I am reaching out today to discuss a concerning trend in the oil market, specifically related to the 50 Exponential Moving Average (EMA) and the subsequent selling pressure it has exerted on oil prices. As traders, we must remain cautious and vigilant in light of these developments. Over the past few weeks, we have witnessed a significant decline in oil prices,...
As an astute investor in the oil industry, I wanted to bring to your attention a recent development that could potentially affect the price of oil. The current state of the US economy, which has been exhibiting signs of slowing down, has the potential to cast a shadow over the oil market. Over the past few years, the US economy has been a driving force behind...
The continued fall of oil price will continue as its likely going to hit $64 per barrel within this month of july and will continue to fall more, According to DANCOLNATION CAPITAL TRADING STRATEGY, It will continue to fall on intra day and swing perceptive
I wanted to draw your attention to an essential development in the oil market that warrants caution and careful consideration. As you may be aware, oil prices have recently entered a bearish channel, indicating a downward trend in the market. Furthermore, the simple moving average (SMA) for oil prices has declined steadily over the past few weeks. When taken...
As you may be aware, recent market conditions have created a tight physical market for oil, presenting a promising landscape for traders like us. The sentiment surrounding oil has been significantly impacted by various factors, including the slow growth of the Chinese economy and the aggressive rate increases implemented by the Federal Reserve. These...
buyers liq, trendline and support. wil go to uppertrendline and ress
I wanted to bring to your attention the recent news from China regarding their lending standards. It has been reported that China is cutting lending standards to shore up growth, but easing was not seen as a priority while inflation continues to be elevated. I would caution against making any hasty investment decisions at this time. With inflation still a...
“We are not addicted to oil, but our cars are”, said a former CIA Chief, James Woolsey. That addiction is on the decline as we pen this paper. Love it, or hate it, but you cannot ignore it. Crude oil powers the planet. When global economy stutters, oil prices plunge. Midway through 2023, crude oil demand appears wobbly on recession overhang and shaky economic...
Good evening, here's another view of oil im currently monitoring the 4hr chart. After the retrace from the bearish cypher pattern. Oil retested B leg and bounced back up to the supply zone. There's a apex that has formed, that is set to be completed by Late Thursday Futures session-Early Friday Futures Session. Oil is showing oversold w/ below the cloud action....
The price of oil has taken a significant hit due to China's decrease in demand. As we all know, China is an essential player in the oil market, and any rate changes can significantly impact the industry. This news is disheartening. We have seen oil prices drop dramatically recently, leaving many investors uncertain about this market's future. However, I want to...
Hello Traders👋🏻 The USOIL Price Reached a Major Support Level (68.08 - 66.51)✔ Currently, The Price Reject To Create New Lower Low, The Resistance TrendLine is Broken🔥 So, I Expect a Bullish Move📈 ----------- TARGET: 73.80🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
As you are likely aware, the oil market has been experiencing a significant drop in prices in recent weeks, and this warning serves as a reminder of the potential risks involved in short selling during times of volatility. Furthermore, we are also waiting for China's announcement of interest rate cuts, which could further impact the oil market. It is essential to...
USOIL trade in sideway range the key lvl for wykoff pattren to success break 74$
There is some exciting news about the oil market that I believe will pique your interest. As you may already know, China's refinery output grew by a whopping 15% in May, which has contributed to a surge in demand for oil. Additionally, OPEC+ decided to cut supply in May, and Saudi Arabia has announced that it will cut supply for July due to a supply deficit in...