The recent rise and fall of crude oil, as a whole is a big shock, although it is an upward trend, but not so clear, yesterday's daily line is very unexpected unexpectedly closed the negative line, the rise is not coherent, such a market we understand as shock, today's thinking of shock more treatment, today's crude oil attention yesterday back to the low point is...
Oil traders overreacting to the wrong triggers? Divisions within OPEC have caused WTI crude to fall below $74 per barrel, ending a three-day climb for the commodity. Angola, which joined OPEC in 2007, said it is leaving the Organization of the Petroleum Exporting Countries. This move raised concerns about OPEC's capacity to stabilize global prices,...
It has come to our attention that several shipping companies have temporarily halted their operations in the Red Sea, leading to a slight disruption in the transportation of oil. As you are aware, the Red Sea is a crucial shipping route for oil tankers, connecting major oil-producing regions to global markets. Any disruption in this route can have far-reaching...
Oil's Next Move: Red Sea Conflict and $75? BP has suspended all oil and gas shipments through the Red Sea due to a rise in attacks on cargo ships and a deteriorating security situation attributed to Iran-aligned Houthi militants in Yemen. This move has caused a 2% surge in oil prices, pushing WTI crude futures to $72.5 per barrel. This development signals the...
Hello everyone, WTI Crude Oil 6H NEW FORECAST Oil price trading stabilizes above the moving average of 50, and we expect the bullish tendency to continue to visit the pivotal resistance of 73.73 mainly, awaiting further expected rise during the coming sessions. Consistency above 71.35 represents an important condition for the continuation of the proposed...
The perfect sell setup
Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $75.62 (Min) and $81.93 (Max). Contended Price Levels $81.00 - $78.00 High Volume Node - potential support $81.73 Resistance Line - potential resistance $75.62 Support Line - potential support Technical Analysis Fibonacci Retracement Breakout: The...
LIOC Update on 01/11/2023 LIOC trying to break 50 Daily MA line. If LIOC can close few more daily candle 50 DMA line, then LIOC might run till 200 Daily MA level. So short term target will be 150. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or...
Hello everyone, WTI Oil 6H NEW FORECAST The oil price is showing positive trading with the opening of the day, approaching the pivotal resistance of 70.50, and as we indicated yesterday, the price needs to remain below this level for the bearish trend scenario to remain effective, remembering that our next main target reaches 68.81. The Stochastic indicator...
Hello everyone, WTI OIL 6H NEW FORECAST Oil price trading stabilizes below the level of 73.73, so that the bearish trend scenario remains valid and effective for the coming period, supported by the negative pressure formed by the moving average of 50, waiting to head towards the levels of 72.20 and then 70.33, which represent our next main targets. ...
i think we reached to over-selling and to good support to buy the oil from now with target between 72-74$
Hello everyone, WTI Oil 6H NEW FORECAST The oil price achieved an initial breakthrough to the 77.86 level and is trying to stabilize above it, which requires attention in the upcoming trading, as confirmation of the breakthrough will push the price to recover and achieve gains up to 81.80. The Stochastic indicator is showing negative signs that may push the...
As you are aware, the upcoming OPEC+ member countries to implement potential oil-supply cuts has sparked considerable interest and speculation within the trading community. Today, I would like to draw your attention to the importance of evaluating the compliance levels of these member countries and how it presents a potential opportunity for cautious oil trading. ...
After the latest OPEC+ meeting, the price of WTI crude oil dropped more than 2% to $75 per barrel, ending a two-day win streak. During the meeting, OPEC+ agreed to cut oil production early next year by almost 2 million barrels per day (bpd). This decision was spurred by worries about having too much oil in the market coinciding with the end of Saudi Arabia's...
Hello, according to my analysis of the oil market. We notice that the market formed a triangle pattern and penetrated the pattern. But it was a bullish breakout. But it rebounded from a very important area, which is the 78 resistance level. A large red candle also formed, indicating strength in the sellers. Good luck to everyone.
🕛 TOPDOWN Analysis - Monthly Bullish Structure, Weekly Bearish Inducement Overview: The monthly market structure maintains a bullish stance, holding key supports. On the weekly chart, a valid low was established, accompanied by a strong bearish inducement. While a demand flip occurred, the overall trend remains bearish, marked by a record session count and inside...
oil starting to push up after breakout the channel, do you have order in oil right now?
Western Texas Intermediate (WTI), the U.S. benchmark crude oil, is currently trading near $75.05 as of Tuesday. WTI prices show modest gains, supported by expectations that the Organization of the Petroleum Exporting Countries and its allies (OPEC+) will extend oil production cuts in the upcoming Thursday meeting. Amid the recent oil price slump, analysts predict...