H1 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
Yesterday, oil prices continued to be suppressed technically, running below the 83 mark, showing a trend of shock consolidation. During the Asian-European trading session, the price was hit by the resistance of the 83.1 line, and quickly went down. In the afternoon, the price stabilized at the 82 mark and reversed. In the evening, it rushed up several times in...
Today, we dive into the recent developments that have caused oil prices to dip by 1%. Brace yourselves as we uncover the potential opportunities in this volatile landscape. With a strong US dollar and weak China economic data playing their part, now is the time to take action and seize the moment! The Mighty Dollar: China's Economic Woes: Call-to-Action: Seize...
I am writing to you today with a sense of concern and urgency regarding recent developments in the oil market. As you may already know, oil prices have taken a significant hit following the release of weak economic data from China, a key player in the global oil market. The recent slump in China's economic growth and the uncertain property market have sent...
Oil price has been on steady rise since 28th of JUNE 2023 since since formation of inverse head and shoulder, but has just touch a key major zone and possible retracement or correction seems to be near that will bring the price back to $77 per barrel according to DANCOLNATION CAPITAL STRATEGY
Introduction: The oil market has recently witnessed a remarkable recovery, leading many traders to adopt a bullish stance. However, exercising caution and carefully evaluating the current situation is crucial before making any hasty investment decisions. While Russia and Saudi Arabia have committed to significant production cuts, various factors could potentially...
Introduction: As the global energy landscape evolves, the oil market has long been a focal point for traders seeking lucrative investment opportunities. However, recent developments and the impending release of the International Energy Agency's (IEA) report have raised concerns about the future of oil investments. This article explores the potential cooling off...
As you may already know, the global oil market is experiencing a significant shift. Supply risks are rising, creating a perfect storm for traders like us to make substantial gains. With OPEC+ production cuts, geopolitical tensions, and the gradual recovery of global demand, the stage is set for oil prices to surge even higher. Now is the time to act, and I...
Risk 0.5% TP1 = 1:2 RR Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
The Kingdom of Saudi Arabia has just announced an extension of its remarkable one million-barrel oil cut, and they even hint at the possibility of deepening this cut further! This extraordinary development has sent shockwaves through the global oil market, giving us a golden opportunity to seize the moment and significantly impact our trading portfolios. The...
Crude oil operation strategy: SELL: 81-81.2 TP1:80.5 TP2:80 BUY:78.8-79 TP1:79.5 TP2:80.5 I hope my trading signal is useful to you. It can be used as a reference for your trading. For more trading signals, please see the follow-up update
As a trader, it is crucial to approach these developments cautiously and consider their potential implications on oil prices. Firstly, it is worth noting that the oil market has experienced a cooling effect in response to the Federal Reserve's decision to raise interest rates. Historically, such rate hikes have led to a strengthening of the US dollar, which in...
In this short analysis, we will examine the recent price movement of oil within the range of $78.5 to $79 with a focus on the potential for a price reversal. We will explore key technical indicators, market sentiment, and other factors that suggest a possible shift in the oil's direction. Price Movement Overview: The oil market has seen a recent uptrend as the...
😇7 Dimension Analysis Analysis Time Frame: Daily 1️⃣ Price Structure: Sideways to Bullish 🟢 Structure Initial Behavior: Choch Bearish 🟢 Move: Corrective 🟢 Inducement: Done 🟢 Pull Back Count: 1st 1st OB mitigated Extreme OB unmitigated Touch count 4, breakout from the range 2️⃣ Pattern 🟢TREND LINES: Act as Support 🟢CHART PATTERNS: Flag: Signaling...
Recent technical analysis has revealed a bearish signal as the Exponential Moving Average (EMA) 50 has crossed the Fibonacci .618 level, indicating a potential downward trend in oil prices. Technical indicators serve as valuable tools to assess market movements and make informed investment decisions. The EMA 50, in particular, is widely recognized for its...
Hedge funds are again piling into oil, driven by the recent weak economic data from Europe and China. This is a golden opportunity for us to consider investing in oil and reap the rewards of this bullish trend! The recent economic reports have painted a picture of uncertainty and volatility in the global market. Europe's economic growth has faltered, while...
After months of languishing, crude oil has skyrocketed above $80 a barrel in London, signaling a remarkable recovery in fuel demand across China and other regions post-pandemic. But that's not all! Brace yourselves for an even more thrilling development: production cutbacks by Saudi Arabia and its OPEC+ allies are poised to deplete storage tanks worldwide...