Oil The price suffered more damage yesterday stabilizing above 87.08 will support rising to touch 87.67 , 88.54 then 90.39 stabilizing under 87.08will support falling to touch 83.26 and then 81.94 Pivot Price: 87.08 Resistance prices: 87.67 & 88.54 & 90.39 Support prices: 83.26 & 81.94 & 80.55 timeframe: 4H
Brace yourselves because Russia's push towards $100 per barrel is causing a wave of optimism that we simply cannot ignore! The energy landscape has been buzzing with anticipation, and the recent surge in oil prices is a clear indicator of the incredible opportunities that lie ahead. With Russia's bold move, we are witnessing a significant shift in the market...
As you might have noticed, oil prices have been on the rise lately, and there are two compelling reasons behind this bullish trend. Firstly, the potential recovery of the Chinese economy has sparked a wave of optimism worldwide. China, the world's largest oil importer, is showing signs of bouncing back, which could significantly boost demand and drive prices even...
Hi, According to my oil market analysis, there is a very good selling opportunity. The price has reached a very strong resistance. A tail candle was formed from the top. It indicates taking out the buyers in the area of 88. Before the drop. Good luck everyone
Today, I would like to draw your attention to an important question that has been lingering in the minds of many: Has the price of oil reached its peak as demand begins to weaken? As we all know, the global oil market is susceptible to various factors, including geopolitical tensions, economic fluctuations, and, most recently, the ongoing COVID-19 pandemic. Over...
Goldman Sachs, a leading global investment banking firm, has issued a cautionary note urging traders to exercise caution amidst the current bullish sentiment surrounding the late-stage oil rally. In their latest analysis, Goldman Sachs has highlighted several risks that could potentially undermine the anticipated benefits of any oil supply cut. These risks may...
It's time to buckle up and get ready for an exhilarating ride as we witness the recent developments that are set to fuel our profits. 📈 I am thrilled to share the fantastic news that Russia and Saudi Arabia have just announced their decision to extend the supply cut until the end of this year. This strategic move is expected to significantly boost oil prices,...
Introduction: We've got some exciting news to share today - oil prices are soaring to new heights as supply cuts persist! The black gold is inching closer to the $86 mark daily, and we couldn't be happier. So, prepare to seize this golden opportunity and long oil like never before! The Rising Tide of Oil Prices: In recent months, we've witnessed a remarkable...
Daily bias switched over to long today. no strong resistance till 85.77 visible. 2 potential entries marked on chart along with all relevant information needed to assess long idea. additional potential entry can be expected at London open. I usually trade just London session but this setup looks too good to pass on if it presents right away. but I will wait...
Although the U.S. economic S&P global PMI and durable goods orders were weak last week, these did not dampen growth prospects. The Atlanta Fed’s GDPNow model predicts that the U.S. GDP growth rate in the third quarter will reach 5.9%. Federal Reserve Chairman Powell also said at the central bank's annual meeting that "the U.S. economy is stronger than expected."...
The daily line of crude oil shows that 84 is a strong resistance to the rise. If it continues to break through 84 then crude oil will continue to rise. On the contrary, if it can remain unchanged at the current resistance position. Crude oil will drop slightly. So I think you can go short crude oil near the resistance position...
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...
In the near future, the bulls' strong dividing line focuses on the 82 mark, and the daily line level stabilizes above this position. It is recommended to continue to keep the bulls' strong form unchanged, as long as you step back, it is an opportunity to go long.
Unilateral rise; oil prices have continued to rise since the end of June, and are currently encountering strong resistance near the April high of 83.51 Unilateral rise. Oil prices have continued to rise since the end of June. At present, they have encountered strong resistance near the April high of 83.51, breaking through 83.5. The top short-term focus is on...
The daily line has regained most of the losses, and the market is still in a bullish trend and is currently in a strong state. Whether there will be large fluctuations in the adjustment here. Crude oil pressure 83.3, support 81.5. Crude oil operation is recommended to buy at 81.5 first-line, with a target of 82.2~82.7. If it breaks above, continue to look at...
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This week there has been a trend of complex shocks and rebounds. Last week, 73.8 was supported and then this Monday broke through 77.35 for a further rebound. Overall, the promotion of various factors has caused the price increase. On the whole, I think crude oil is still volatile and upward, and it is expected that such a shock will rise until Tuesday to...
This week there has been a trend of complex shocks and rebounds. Last week, 73.8 was supported and then this Monday broke through 77.35 for a further rebound. Overall, the promotion of various factors has caused the price increase. On the whole, I think crude oil is still volatile and upward, and it is expected that such a shock will rise until Tuesday to...