Bearish structure within a bearish structure.. going with bearish on this one. Oil is interesting because Russia, which supplies 10% or the world's oil supply (per a quick google search), is no longer selling the world its petro. Maybe demand is falling off...? Maybe Russia was cut "out" and another country was allowed "in"? I don't know, but price looks...
If you haven`t seen my last post: Then you should know that Crude Oil is in a bullish trendline with a price target of $125 by the end of this summer.
Oil has bounced off from 110$ level as we predicted before. Now it is going down after breaking out the channel. Price is likely going to test the lower levels till 100$. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
Let's be practical. There's 2 ways this can go. (refer back to my 19.4 update about the slip we see in the last few days) 1) Triangle consolidation since the peak of 128 back in March is with a 102.90 resistance level. A breakout above with a daily candle close confirms up-trend breakout and 105, 108, 115 would be immediate possible targets. 2) A breakout...
UKOIL has been making lower lows on the Daily timeframe. Bears are pulling price down. Currently, price is testing strong trendline and resistence zone 110$. This number is very psychological meaning that a lot of sell orders at 110$ price that creates a powerful confluent zone. ------------------- Share your opinion in the comments and support the idea with...
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned...
Can fall to area 98 and then attack to 101.50. An opinion in the specified area can fluctuate.
HEY ZEYAN HERE Hello, zeyan. I was previously fairly bullish on oil, but as I can see now, oil prices will be settling back to below 100, with 82.50 being the next best probable position. this is an idea a plan in a uncertain chaotic environment out of multiple plans to be certain IF anything happens that changes the fundamentals of this idea, i will...
USOIL WTI Crude Oil Entry Range: $101.40 - 104.60 Take Profit 1: $106.90 Take Profit 2: $109.20 Take Profit 3: $112.50 Stop Loss: $94.80
It can move up to 105.70 area, it can be purchased according to the support
Watchout for this level. one of my fav chart because it is easy to read and predict.
U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the continental United States. It holds interests in various oil and gas properties in the Williston Basin in North Dakota; the Permian Basin in New Mexico; and Texas. As of December 31, 2021, the company had an estimated...
some notes: 1_In World War II, because the United States won the war, it said that my dollar should be the reference currency 2_The United States did not fulfill its contract and did not store gold against the dollar 3_European countries realized and wanted to buy gold under the same law for every $ 35 an ounce of gold 4_Meanwhile, Arab countries imposed...
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of...
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate. Its oil and gas properties are located primarily in the Texas Permian Basin, the onshore Texas and Louisiana Gulf Coast region, and in the South American country of Colombia. As of December 31, 2020, the company owned...
Imperial Petroleum Inc. provides international seaborne transportation services to oil producers, refineries, and commodities traders. It carries refined petroleum products, such as gasoline, diesel, fuel oil, and jet fuel, as well as edible oils and chemicals; and crude oils. As of March 29, 2022, the company owned four medium range refined petroleum product...