Inverted wedge on 15 minute now into US session breakout pending No upside after the record breaking OPEC cut and release of the Saudi prices for may. Goldman and Emirates say cut not significant. Support at 22.80 Short-term resistance at 23.20
The USDCAD have the extremist spikes among all pairs, as it wasn’t only affected by the Corona Virus fears but also the oil crises as well. The Canadian Dollar is highly affected by the price of oil when oil goes up the Canadian Dollar goes up and vice versa. Moving to technical analysis, we have extreme spikes that obeys no rule of price action. We have nothing...
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If we break the channel support and the GZ below, the probability of us being in the W5 will rise.
Sell trade plan according structure. ThankYou
The oil market is overloaded with a geopolitical conjecture and I expect an up movement under the recent jawboning from Trump. I've mentioned two levels where I'd expect it to come next periods, but for now, don't have any prepared scenarios, it looks like it can be an impulse up with some pretty short corrections. What is important to mention here, we shouldn't...
The philosophy way of approaching saving energy( FYI there’s no “free” energy ) Since 2016 we've been using solar panel for saving energy. After that, by having a project to use this economic way of the COP more than 100% in 10 years, it has become a little bored. So we’ve begun to explore the ways of using solar panel at night. Evidently now within a world...
the market still has the power to test 27.84 AND IF IT WILL BREACK THIS point with power it could go around 29.43 but in generally the market still Bearish so . pay attention
R/R long term is looking so fav to bulls I had to enter.. Looking to hold for years this company has been around for the best of time and worst, no it is time for oil markets to stabilize and WLL to return to a rational price. I can see $90 by 2023 Imo great buy.
Hi all, if cost of oil close lower than 19.0 Many companies go bankrupt, my idea is buy oil for futures,
I guess we found our bottom on oil price like 35$ in 2009. The worst scenario is in price right now so I don't see the strength to push the price lower. Of course, there can be try to squeeze sl below 20$, but that's all. It doesn't mean that it's going up right now, but seems to a long accumalation time, so if you are looking for a bottom with small risk, I...
The impact on oil demand is keep on falling. In this short term, foresee target in 17.5 region. April oil demand will see fall to 20-25%,, that's is a huge fall in this year 2020.
WTI Crude oil looks weak AF here not even making any sort of bounce to try and keep up with the dead cat happening in the rest of the markets. I have Bids on HAL placed at $1.22 I think my bids get filled as not much keeping oil up around the $20 level. Another leg down in oil to the $10 level give or take will absolutely wreck the stock market. Trade safe fam.
Yes i just picked up my wife's curling iron so i did drop it because it was hot, i swear she did that on purpose because she fed me chili then put the curling iron in the toilet roll tube.... Which has given me an idea.. Chili powder in her favorite french knickers hahaha. Oil price is coming upto a really interesting area that has previously been used as strong...
Good chance at firing long here for a potential long term position trade. Wonder how many stops can get hunted on a false break to the down side.
Oil prices have plunged this year, as supply has jumped and demand has plummeted. They are down more than 50% just this month. On Monday, they took a new leg down, with West Texas Intermediate crude futures temporarily falling below $20. The last time Texas oil settled below $20 was in 2002. Smart EngineeringRobo traders know when to enter when to exit...