Upside vs Downside interchangeably for short or long risk exposure at current flat front CL1! price. The IV stands at 73%, which is more conservative than the highlighted risk profile. Not a tradable setup; just for reference timeframes when looking for a bias. The median line, from which the % change is measured, is derived by using the Inside Pitchfork tool;...
US crude oil's short-term price ranges from support levels 94 dollars to resistance levels 99 dollars, with an equilibrium price around 96.40 dollars. I expect a continuation of the sideways trend, and I will wait for bearish price action from around 99 dollars to short back to equilibrium 96.40 and then 94 dollars, with stops above the resistance areas. I wish...
Oil Price forecast for March 2022. In the beginning price at 107.02 Dollars. High price 139.13, low 90.50. The average for the month 107.13. The Oil Price forecast at the end of the month 91.88, change for March -14.1%. Brent oil price forecast for April 2022. In the beginning price at 91.88 Dollars. High price 91.88, low 84.91. The average for the month 88.72....
This is my first time to publish this idea. I have just discovered that if we use the log scale in prices and look back more than 100 years in the oil price, there are bull cycles. The first bull cycle took more than 100 years from 1863 to 1874. This cycle started with the industrial revolution followed by WW1 and WW2 where fossil fuels such as oil was the main...
After its racy rush upwards into the red zone between $111.46 and $131.21, WTI has slammed on the brakes at the resistance line at $130.50 and turned around with screeching tires to race down into the orange zone between $96.40 and $88.38. There, WTI should finish wave a in orange and then ride a short loop upwards to complete wave b in orange. After this daring...
Oil hits two-week low but UBS is still bullish on Crude. UBS laid out three reasons for its $125 USOIL this summer: 1. Russian oil exports hurt by sanctions, which will further tighten global supplies. 2. Spare capacity brought in by OPEC is less than 2% of global demand. 3. Global oil demand still heading for record highs with Europeans and Americans returning...
A simple analysis of the trend without indicators just following the basic trendline guidance. As we see with don't have an uptrend anymore and that will be more clear the next 2 days. If nothing bad happens again between Russia and Ukraine i think we will go back to the 80-90 dollar region fast. So we go short expecting huge decline and high profit. Good Luck to...
Hi guys! 👋🏻 🔔 Seems like oil restrained from the further downtrend. 🔔 Brent recently touched 100MA and an important dynamic support 🔔 MACD also signals an uptrend continuation of oil prices. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
My name is Firouz and I use 4 price level in Chart that named them Fironacci I can find first and end of one wave good luck
There is a potential push towards 144, Following Russia sanctions. Russia is the third largest exporter of oil according to Investopedia analysis posted on March 8, 2022. This will create scarcity of the product in the market hence more demand which will result in higher prices in the near future.. RSI indicator shows an overbought figure at 71.94 according to...
Oil/USD Main trend (part) Rising channel. Realization of a fractal after a breakout of the downtrend (red), channel resistance. In the near future with a high probability if escalation of conflicts in the world will increase, there will be a slight consolidation, and then the price may continue to grow up to the upper limits of the uptrend channel. Oil/USD Main...
The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is designed to measure the performance of a sub-industry...
What I am portraying are comparable dips within the same fib rings of the circle Coupled with a comparable recovery, and following rise In the first situation price gets rejected just under the down trend line In the second (current) situation price will get rejected just under the uptrend line ; inversely Price will propel itself to new ATH's from here, a new...
Hello traders and welcome on my analysis:) Everybody is speaking about usoil and predicting new ath and so on,... So, it's is possible, but check the situation. This is weekly chart, with marked ath on 146USD. If you check the past, you will wee big crash down from this level. On RSI we don't have bearish divergence now, but is already overbought. The value 85...
Marine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of...
Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii. It also owns and operates five water...