Insider: G-7 talks with India and China on oil price brake positive G-7 talks with India and China on a plan to cap the price of Russian oil have been positive, according to an insider. The two buyer nations have incentives to comply, a person familiar with the discussions says. A cap on the price has not yet been set, he said. However, it would have to be high...
Today's energy crisis is not a sign of strength of the oil companies, it is rather witness to the fact that the world economy has a very high productivity, still partly based on fossil fuels, but now moving towards properly renewable and alternative resources. I believe that the tops we will reach in the next few months will only accelerate the transformation into...
I have entered a leveraged (2X) short in #oil, via Direxion's Inverse $DRIP ETF. NOTE: This post shows "LONG" because I have BOUGHT $DRIP; #Oil, as the asset class - I am viewing as a SHORT. Not much else to say, other than the #oil #selloff is underway after forming what I see as a double top (see WTICOUSD) and a good risk/reward entry to short. I will...
Oil will start a upside it will hit 200 - 250 ..thanks me later guys
If you haven`t bought the "dip" at the beginning of this year: Then with all this unprecedented demand for travel, i expect the price of WTI to be at the $130 level this summer. Looking forward to read your opinion about it.
OIL Forecast: Oil might be Shooting For 120? Are we gonna see 120 per barrel? possibility 120 - even 125 I see oil kissing 120 - or higher than that. brace yourself! not funny guys! please do your own due diligence and trade with caution
Long or Short game plan: Short Order: ✔️ Entry: $120.25 ⛔ Stop: $122.34 🤑 Profit: $116.26 By all means I would have shorted the level here, but what worries me is the massive amounts of shorts that have piled up. If price bounces off the $119.19 level and then starts trending up, going through the upper trendline of $122.10, we may very well see a short...
OIL Forecast: Oil might be Shooting For 120? Are we gonna see 120 per barrel? possibility 120 - even 125 I see oil hitting 120 - or higher than that. brace yourself! perhaps, 08' height?
The price of Crude Oil exceeded my expectations, which weren't low either: With all this unprecedented demand for travel, i expect the price of WTI to be at the $125 level this summer. Looking forward to read your opinion about it.
After breaking RED trendline, OIL price will increase dramaticly A Pullback is possible
Fundamental Development Oil was up on Thursday morning in Asia, extending a cautious rally as signs of a tight market emerge. The European clash with Hungary over plans to ban imports from Russia, the world's second-largest crude exporter, also continues. Brent oil futures were up 0.31% to $111.47 by and WTI futures for July delivery rose 0.50% to $110.88....
First Covid,Now Hizbolla.AGAIN! Geopolitical instability is on the rise in Latin America, and an unlikely player may be partially to blame. Hezbollah, a U.S. designated terrorist organization, has established a strong presence in the region. The organization has turned to illicit activities to bolster its finances. Extreme socioeconomic inequality, weak central...
A repeating pattern and strong economic events for the next week shows that oil may sink in the upcoming week or will oil prices continue to rise because of the war in Ukraine?
UKOIL has been channeling for over one month now between 101 and 115 price levels. IF the price closes above 113.30$, we can expect a move up to the resistance zone for a retest. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Just an idea and trade at your own risk. Oil retested previous demand zone around 90-100 and broke the descending channel at the daily timeframe. Oil currently testing the supply zone at 110-115 and break above would lead to the upper trendline channel and the next supply zone at $150
The pennant consolidation opened the week with a breakout and a retest confirmation of the breakout. Consolidation took place between Jan - April 2022, With a high of ~128 and a low of ~88. The breakout is a major bullish technical alert, indicating new daily up-trend. Resistance levels on the new up-trend are: *106.80 - 108.50 *114.60 - 116.40 *125 -...
Hey guys, Oil looks like going down once again. it looks like going to test 109.91 once again before heading down. personally I have set an alert at 108.2 to monitor the price action before going to short it. what do you think? good luck!
Crude Oil USOIL seems to be following a very similar pattern Following this Idea, the next two days we'll be waiting for a pull back to 100 level, and then get into another rally. The Question is, Will Crude Oil Stay on pattern? or news and the economic calendar will take it out?