I can really oil bullishness beginning of headed week till we get a clear view Wednesday. But I think middle eat will jot abide to USA concerns and will continue supporting each other and Russia.
Oil top might be in for this year. Reasons: 1. Market adjustment mechanisms are underway on the commodity markets, ensuring that Russian oil, which is spurned by the West, once again finds its buyers (india, china). This in turn causes these countries to demand less Brent or WTI oil, which again depresses prices. India and China are buying significantly more...
oil is in correction , it's maybe is triangle, it can see above $100 one more time and then go to $83-85 but don't forget about next target , above $200 :-)
Good morning guys! so currently I am sitting out from Oil trading. It was a big fall last night and indeed the weak candles has confirmed for me that weakness was in place. Will wait till wednesday before placing my trade again. Hope you guys managed to capture it a few days back!
Despite concerns about a potential recession, oil prices were still around $114 a barrel today as supply concerns outweighed concerns about a potential decline in demand. In the latest developments, workers in Norway went on strike, which is expected to cut the country's oil production by around 130,000 barrels a day. Despite the global economic recovery, oil...
Hey guys! How are you guys doing! O hope from the previous analysis, the daily fake out from DAILY timeframe got you guys a confirmation and brought toward more downside. What I'm seeing now is that it shall go back and test 110.70 zone and probably bring more downside to 105, 103 and possibly to 95 range. However, shall it break the resistance zone with a...
Crude oil experienced a significant drop in price over the past two weeks. This week, however, it appears the energy commodity is bouncing back to the bullish side. The fall in the price of oil since May was triggered by the fear of a recession, in the US in particular, and numerous central banks’ moving against inflation with rate hikes, leading to slowing...
I recommend buy USOIL at this levels as you can see we have a nice confirmation ..it good entery
Insider: G-7 talks with India and China on oil price brake positive G-7 talks with India and China on a plan to cap the price of Russian oil have been positive, according to an insider. The two buyer nations have incentives to comply, a person familiar with the discussions says. A cap on the price has not yet been set, he said. However, it would have to be high...
Hello guys! it's been a while since I've posted to refocus my entry methods. Currently we are looking at a resistance zone. Personal view is that Volume is low and there's a good possibility of going back down to support zone. could see 113.20 has been rejected twice, so am taking a short position with 1:3 RR and shall see how it play out!
Short Term Oil Crash is Unfolding... As per my counting, we just finished 1,2,3,4,5 and are on the way to finishing C wave of ABC. Only for educational purposes!
Today's energy crisis is not a sign of strength of the oil companies, it is rather witness to the fact that the world economy has a very high productivity, still partly based on fossil fuels, but now moving towards properly renewable and alternative resources. I believe that the tops we will reach in the next few months will only accelerate the transformation into...
oil is going to under $85 , but it's a correction for another big move to above $200
As I mentioned 10 months ago about the worst World Crisis of 2023. I wanted to share this analysis on the price of OIL and its derivatives, as well as gasoline, it will be affected and is being affected along with oil. There are many indicators that indicate the coming crisis of 2022-2023... This crisis, the worst of all, "The crisis of everything" creates a...
Oil on daily dynamic trendline support line Taken support from highest Fib Ret value 0.38 nice entry point for long with Low Risk High Reward.
I have entered a leveraged (2X) short in #oil, via Direxion's Inverse $DRIP ETF. NOTE: This post shows "LONG" because I have BOUGHT $DRIP; #Oil, as the asset class - I am viewing as a SHORT. Not much else to say, other than the #oil #selloff is underway after forming what I see as a double top (see WTICOUSD) and a good risk/reward entry to short. I will...
Count for Brent Crude oil (BCOUSD) starts from covid low at $17.52 in April 2020 Vessels of oil where turned back at sea during lockdown. Supply was enormous, drove crude oil prices to negative territories which made headlines- something beautiful to have witness. LOL Five wave up from April 2020 low to March 8 2022 high March 8 2022 high of $135.84 is holding...
If you haven`t bought the "dip" at the beginning of this year: Then with all this unprecedented demand for travel, i expect the price of WTI to be at the $130 level this summer. Looking forward to read your opinion about it.