Oil's Next Move: Red Sea Conflict and $75? BP has suspended all oil and gas shipments through the Red Sea due to a rise in attacks on cargo ships and a deteriorating security situation attributed to Iran-aligned Houthi militants in Yemen. This move has caused a 2% surge in oil prices, pushing WTI crude futures to $72.5 per barrel. This development signals the...
Hello everyone, WTI Crude Oil 6H NEW FORECAST Oil price trading stabilizes above the moving average of 50, and we expect the bullish tendency to continue to visit the pivotal resistance of 73.73 mainly, awaiting further expected rise during the coming sessions. Consistency above 71.35 represents an important condition for the continuation of the proposed...
According to Downtrend channel To The end of Impulsive Wave To fibonacci Retracement
The perfect sell setup
First Head & Shoulders resulted in massive dump literally to 0. The one that's forming now is about to resolve, and dump is expected to be pretty big, although it won't go to 0 this time.
Hello everyone, WTI Oil 6H NEW FORECAST The oil price is showing positive trading with the opening of the day, approaching the pivotal resistance of 70.50, and as we indicated yesterday, the price needs to remain below this level for the bearish trend scenario to remain effective, remembering that our next main target reaches 68.81. The Stochastic indicator...
Crude oil fell below 70, with no bullish signals in the short to medium term. Oil prices have continued to fall since the second rebound in late October failed, and eventually formed a downward trend. Oil prices have hit the August low of 77.80. Oil prices showed a minor shock pattern around the lows, forming a flag relay pattern. Oil prices successfully fell...
Hello everyone, WTI OIL 6H NEW FORECAST Oil price trading stabilizes below the level of 73.73, so that the bearish trend scenario remains valid and effective for the coming period, supported by the negative pressure formed by the moving average of 50, waiting to head towards the levels of 72.20 and then 70.33, which represent our next main targets. ...
i think we reached to over-selling and to good support to buy the oil from now with target between 72-74$
Rising Flag formed on Sasol, the price broke below and beautifully it went down on a strong trajectory and declination. The price remained below the 200MA confirming the bear market for the company. The price came down in a strong fashion takeing it to the first target of R184.52. The oil price also coincided with the Sasol price having the downtrend dominate...
Hello everyone, WTI Oil 6H NEW FORECAST The oil price achieved an initial breakthrough to the 77.86 level and is trying to stabilize above it, which requires attention in the upcoming trading, as confirmation of the breakthrough will push the price to recover and achieve gains up to 81.80. The Stochastic indicator is showing negative signs that may push the...
Crude prices rose as a weaker dollar and optimism that major oil producers could extend ongoing production cuts at an OPEC+ meeting later this week boosted sentiment. Although the market is still paying close attention to the production of non-OPEC countries, various positive factors have provided positive external support for oil prices. Investors' expectations...
As you are aware, the upcoming OPEC+ member countries to implement potential oil-supply cuts has sparked considerable interest and speculation within the trading community. Today, I would like to draw your attention to the importance of evaluating the compliance levels of these member countries and how it presents a potential opportunity for cautious oil trading. ...
After the latest OPEC+ meeting, the price of WTI crude oil dropped more than 2% to $75 per barrel, ending a two-day win streak. During the meeting, OPEC+ agreed to cut oil production early next year by almost 2 million barrels per day (bpd). This decision was spurred by worries about having too much oil in the market coinciding with the end of Saudi Arabia's...
the only real money is energy. Venezuela is opening a new front in Latin America, 44 years of stealing oil-rich countries is over. ...
Hello, according to my analysis of the oil market. We notice that the market formed a triangle pattern and penetrated the pattern. But it was a bullish breakout. But it rebounded from a very important area, which is the 78 resistance level. A large red candle also formed, indicating strength in the sellers. Good luck to everyone.
oil starting to push up after breakout the channel, do you have order in oil right now?
Crude oil continued its downward trend at the opening on Monday, and its rebound at $75.7 once again encountered resistance and declined, indicating a bearish trend. Looking at the daily trend chart, the daily level has been negative for three consecutive times. Although there is no new low quotation, the high price has not been broken, indicating that an...