MSJ square since IPO 1862 - pretty intense first target 121$ got reached very fast - next one is 134$.
Hello, Welcome to this analysis about WTI CRUDE OIL and the monthly timeframe perspectives. Since the Russia-Ukraine-Conflict began we can see many countries upfront with the E.U. sanctioning Russia and preventing Oil exports out of Russia, cutting off all supply chains including oil. These developments mean there is a growing demand for oil and gas on the...
This is Oil futures Weekly chart👆 as you can see, $112 has been a very strong resistance level back in 2010-2014. Not to mention the strong bearish divergence on BlueWave on the daily and weekly timeframe Shorting Oil will work out, the hard part is knowing when. I wouldn't recommend playing short term options, as time doesn't favor options.
Type : Bullish continuation Resistance : 101.2 Pivot: 91.06 Support : 1904.5 Preferred case: Prices have been on bullish momentum. We see the potential for further bullish consolidation from our Pivot at 91.06 in line with 50% Fibonacci retracement towards our 1st resistance at 101.2 in line with 200% Fibonacci Projection and 200% Fibonacci expansion . Our bullish...
Title : GC1! H4 | Potential for bullish continuation! Type : Bullish continuation Resistance : 101.2 Pivot: 91.06 Support : 1904.5 Preferred case: Prices have been on bullish momentum. We see the potential for further bullish consolidation from our Pivot at 91.06 in line with 50% Fibonacci retracement towards our 1st resistance at 101.2 in line with 200% Fibonacci...
Hello Everyone, I recently published the HTF version of USOIL. This is the daily chart for those who are interested in short term resistance and support areas.
As the oil market continues to rise, there are clear intentions from a number of market analysts to short the Oil market. Keeping an eye on the current futures expiries for WTI Oil there are strong indications that buyers are easing off, while sellers are coming in strong. While Geopolitical issues could change and of course change the direction of the market,...
Hello traders. I expect the price to end in a triangle, then we have to wait for the correction, which can reduce the price to $58. Are you agree?
OIL just broke an important level , it is very likely to continue up towards the 99$-102$ area .
Hey traders today I wanted to go over the best Seasonal Patterns in the Crude Oil Futures Market. Crude Oil and other energy markets follow an annual reliable seasonal pattern due to supply and demand. Knowing when to find these seasonal market patterns on your charts can really benefit us in our trading. Enjoy! Trade Well, Clifford
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices surged on Monday, with Brent futures reaching their highest level in more than three years, as investors anticipated supply will remain tight due to limited...
Oil is headed towards 85 level. Many analysts are predicting lower oil demand due to Omnicron variant but the impact is yet to be seen. We cannot expect the price crash similar to 2020 because there were no vaccines at that time and complete lock downs are very unlikely. Hence, do not wait to see the negative oil prices ;-) We use Aspen Trading Support &...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices rose on Monday as the market began 2022 on a bullish note, with suppliers in the spotlight ahead of Tuesday's OPEC+ meeting, but rising COVID-19 cases dampening...
Prices of oil have a direct impact on the inflation. The higher oil prices have started impacting the consumers across the globe. We have used Aspen Trading Support & Resistance Levels to analyse the oil prices trend. It has clearly broken down the short-term support levels at 77.75 and most probably could lead to further down side. As the the oil production...
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Oil prices are being pumped no pun intended. The false demand that is being created is the excuse to push prices higher and higher.
Alright first off price is in bullish Daily trend but it reached 161% of Fibonacci extension ratio and as a result of that we saw a bearish engulfing candle which tells us participants who were long in oil are probably busy with profit taking actions and as a result it is possible that we see a bearish corrective move. If you are with me so far now lets see how...
OPEC's monthly report was released yesterday. Analysts of the cartel lowered the estimate of oil demand growth in 2021 to 5.8 million barrels per day (b/d) compared to 5.96 million b/d in the previous forecast. Thus, global demand in 2021 will average 96.6 million b/d. "The downward revision is mainly due to lower-than-expected actual data for the first three...