TVC:UKOIL
Hi everyone , I hope you're all fine .
- UKOIL has recently broke downtrend and also the price had a pullback to the broken trendline
- Also the price is is moving in a ascending channel
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the next resistances would be :
1- 86.70 (which is the top of channel and also last resistance
2- 116.00 (which is a nice resistance with 4 touches...
50/60 is the next prediction number.
50.60 is the new number lottery price.
The 50/60 agenda is just about to begin with from the oil.
This will take time. This is not just one day work.
Agenda and cards has been planned on the oil production company.
There will be an event will about to occur between middle party.
50/60 is a clash.
My prediction towards...
Hello and welcome to my post !
OIL is still in a strong uptrend and we are just breaking out from a bullflag.
We are getting strong resistances from EMA100 and MA200.
Something worth mentioning is the purple boxes on the chart, they are indicating previously fake out areas, a think that might happen if the price action dosent break the previously mentioned...
Due to a supply scarcity, rising gas and coal prices are gradually driving utilities to convert from gas and coal to fuel oil. Oil-fired power stations have started up in Sweden. Oil demand will be boosted further by the United States' announcement that the travel ban for fully immunized international visitors would be abolished in November. This could result in a...
as you can see we are in a very strong supply zone that can led to the price of oil come down to 45$ but if that area broke to the upside it could go upside till 110$ so for now we will be just be waiting to broke one of this zones but im more bearish on it than be bullish
Thought of this as I saw the further-out Dec'22 & Jun'22 6-months spread flipping through the closer Jun'22 & Dec'21 ; the historical examples are given in the chart in green circles.
Seems like oil is looking higher from here as per the indication of the attached chart.
Let us see how this unravels.
Oil is its last stand. Dollar is on its rescue from devaluation the currency. No hyperinflation is modern time.
FED bank have printed and push not just oil to record levels from minus prices. Lumber to stellar levels with copper.
Commodity sector is very overpriced over all because of the inflation thats been going on since 2017 and zero rate for 10 years.
We are...
Hello my beauties.
I'll be shorting oil until the 56/58 area as it needs to retest a 13 years old trendline. The price broke it to the upside and I don't think it is going anywhere before kissing it.
Oil is now facing a cluster that consists of the following resistances:
- 1 year long uptrend trend line ;
- downward channel trendline;
- inverted head and...
Hello everyone, as we all know the market action discounts everything :)
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The Crude Oil market has shown itself to be resilient as we had initially pulled back but now are turning around to show signs of life again.
In the last 2 weeks, the market...
Oil ended the week on 64 zone
Probably it will be consolidating
Between 65-64
Strong bearish pressure, no sign of reversals yet
Will update after next structure
After a correction push it now resting at 67-66 zone
Upside breakout of that white zone could be choppy
Down side breakdown could be smooth
Just about the probability for more chances of easy flow (is downward)
Analysed based on technical charts (considering) daily, 4h, 1h time frame
Recently, USOIL and RECAF have both taken a tumble. Named "The Hottest Oil Play in Decades," we surely have more to see from RECAF in 2021 and 2022.
As you can see, USOIL's candlestick progression is clearly notated by the dark grey line displaying price action on the front.
Experts predict USOIL to bottom around $55-60 USD. After that, experts predict OIL to...
OPEC monthly report was issued a few minutes ago, and the report was not positive for OPEC+ and the oil-producing countries within the group, led by Saudi Arabia. OPEC kept its forecast for oil demand in 2021 unchanged at an increase of 6 million barrels per day, bringing the average to 96.6 million barrels per day, and also kept its forecast for the growth of oil...
