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.
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Bollinger band narrowing
Flat EMA
Oil prices rising
In a strong support level
Although it continues to operate at a loss, it maintains contracts with several major oil companies worldwide.
Something tells me it won't stay that way for long.
Piper Sandler Lifts Tenaris SA to Overweight From Neutral, Price Target to $23 From $16.25
In the fourth quarter of 2020, our sales rose 12% sequentially driven by a gradual recovery in drilling activity in the Americas and a good mix of products sold in the Middle East.
EBITDA rose 79% sequentially, reflecting a better industrial performance and the operating...
A Texas oil company that’s been the subject of social media speculation in recent weeks is seeing an explosion in trading of out-of-the-money call options, indicating retail traders are betting on another big jump in the shares.
Ring Energy Inc. is an industry minnow, selling an average of almost 9,500 barrels of oil in the third quarter. It shares have doubled...
Hi there. Price is forming a reversal pattern to change its direction. Also is close to 0 value which is a very good sign.
Wait for the price to complete the pattern and watch strong price action for buy.
OAS has moved into a Descending triangle/ wedge. Starting to average in right now between $1.10 and 1.20 w/ a target of $2 short term. The uptrend has already started from $1 support. Breakout is above upper resistance roughly $1.20. Strong trade w/ great gains. Like, comment, share. CHEERS!
USOIL is surely coming for a loss on market open this morning but also a steady gain/loss ratio, it will be looking like something to add to your watch list and keep an eye on.
ECOPETROL NYSE:EC is currently undergoing an extended Cycle Wave 1.
The Chart currently is showing a BULL FLAG and is looking to break out.
Near-term (3-6 Month Target): $30
-AB
