Just a commentary about President Biden's Press Secretary saying that the Ukraine situation has caused oil prices to be elevated. The advance from the lockdown/reopening may have been a much more important factor in the current market price. The fear that investments in new oil refining wouldn't generate a return with an administration vehemently against oil...
Recession is coming? can we expect another horrible fall? or a temporary situation would be passing?! ✔
Important Fibonacci Levels: -64 -78 -90 -97 -105 -115 -130
As any true trader knows, the inflation rate DID NOT GO UP 8.3%. That is what some retail news outlets claimed "year-over-year," which is plain misinformation. The retail news was designed to trigger a panic dump among the less informed last week. FACT: The rise in inflation started in late 2020, not this year. FACT: The rise in 2021 went to 7%. But the news...
The chart may suggest a next move for US WTI Crude Oil Price. When the ongoing price correction which may lead to $80/bbl area satisfied market sentiment, price may start to enter a bull demand for crude oil. The eventual short to medium term target may be to as high as $150/bbl, meanwhile sustain trading below $75/bbl destroy this scenario which may take crude...
i think oil will go down to 75 then bounce up to 150 if oil breaks the 75 we are going to 40 may be lower GOOD LUCK
Speculators and oil giants seized the moment to maximize their oil profits the past months. With a mixture of war fears, supply fears and the increased demand for crude oil after the Corone pandemic and bad supply chains, a broad panic wave had broken out. Let's have a short overview about the current situation: Europe's situation: With India and China...
Hello I think this explains everything. Plan your Buy/Sell accordingly. All the best.
Oil hit this support more than five times and it respected this support so if we received candle confirmation above the support rectangle (the green one) we can long oil But if it closed under the support wait for retest and then we can go short. Good luck all if you like my idea like it and comment your opinion 🍀💰😊
~The movement of oil during the updates It seems that the strength of the sellers was noticeable during the daily movement of oil.. ~ so a large percentage is that it will breaks the support area..
OPEC+ unexpectedly decided to cut output in October by 100,000 barrels a day. Emily Ashford (Standard Chartered analyst): “Last month’s adjustment provided a nod to the demands of the consumers, this monthly adjustment is a small nod to the concerns of the producers,” Deepening energy crisis in Europe after Russian energy giant Gazprom PJSC said gas flows along...
Oil Brent Analysis We are now in a bearish corrective wave that may extend to the demand area. Regards,
leading diagonal target should land around .44c. Could line up well with my WTIC target of $68 Wave 4 target posted recently.
This graph is a representation of my point of you of the futures market (USD).
SPDR S&P Oil & Gas Explor & Product ( AMEX:XOP ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $144.75 Breakout price: $147.00 Buy Zone (Top/Bottom Range): $140.20-$120.00 Price Target: $166.70-$170.60 Estimated Duration to Target: 76-80d Contract of Interest: $XOP 11/18/22 145c Trade price as of publish date:...
As we can see Price Action, clearly seen Change of Character in Crude Oil after a Big Fall. Now we are waiting for order blocks where market liquidate the most traders and pick the Limit Orders.
OIL_CRUDE IS BULLISH Considering the events that are happening in the Middle East region, oil is going through tense days, both the events in Iraq and the events of the Iran nuclear deal, and the possibility of price growth is very likely.