The price of oil per barrel will definitely soar high but I see a chance of sell opportunity before its long momentum, currently looking at a clear sell chance for at least $4 price reduction per barrel of oil. XTIUSD is currently trading in my supply zone....so i expect more sells to jump into this market. NB: All eyes on the breakout zone (blue box region) to...
Prices of oil have a direct impact on the inflation. The higher oil prices have started impacting the consumers across the globe. We have used Aspen Trading Support & Resistance Levels to analyse the oil prices trend. It has clearly broken down the short-term support levels at 77.75 and most probably could lead to further down side. As the the oil production...
Current Price $26.50 Price Target $32 I Like the oil sector (RDSA,KMI) going into the summer as prices are expected to rise which will have a significant positive impact on earnings for oil & gas companies. BP is trading less than book value (0.97) at only 9 PE (FWD) with a solid 5% dividend. This is a safer hold than most pure play oil & gas companies as BP has...
Expecting prices to test again the historic bottom. Trade duration 2-3 weeks.
The short price targets: 53.27 - an average of 31 days 52.87 which is the wave 3 support 52.47 Fibo 88.6
Entering into long trade of a support level at 49.85 with Reward/Risk of 1. The trade idea is based on Supply/Demand and volume analysis.
Take care & analyzed it again - it`s always your decission ... (for a bigger picture zoom the chart) Best regards Aaron
All non-OPEC producers were called upon to help stabilize the market b'cos their role was as critical as the role of OPEC members- and as we all know Oil demand is expanding at enormous healthy rate despite the slower global growth. - Eyeing = 56.1 very soon (within 2weeks) One of the famous oil investors suggest that freezing production or in other words...