Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! The opportunity for bulls to jump into the market as prices take-off from an ascending channel.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices recover from early week sell-off and bulls are back in the market.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Fundamentals give the market its direction, whilst technicals give traders good entry points.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Oil prices are yet to break beyond $45,00 as demand remains subdued. Prices have managed to stabilize above $40,00 per barrel for the past two months. A consolidation is more likely above this region as markets awaits more information.
Oil continues to range in a sideways corrective Elliott Wave as we have noted. In the long term, it is likely to remain in the ~300 tick range between the psychologically and technically significant $40 level, and $43.42. Mid term, you can watch $41.64 and $42.48. It is likely to continue to range between these levels. The Kovach OBV has flat lined confirming...
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices climb towards $43.00 per barrel as optimism around Covid-19 vaccine increases. Prices have remained strong in the Ascending Pitchfork. A break beyond $45.00 will likely trigger a run towards the important price of...
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices look to remain above $41.00 per barrel as Iraq & Saudi Arabia highlighted their commitment to cut back production during this month of August.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Natural Gas remains the top performer regardless of subdued demand on the global markets. Oil rallied on increased geo-political risks in the Middle East, when a port in the city of Beirut was flattened out by an explosion....
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Price remain strong in an ascending channel, a strike at the upper resistance offered an opportunity for scalpers to take sell position.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices weakened amidst declining demand. Prices are holding for dear life below the monthly support line.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices have managed to remain solid above the psychological level of $40.00/bbl for almost a month now. Key regions are defined by a series of support & resistance lines.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices remain stable in a narrow range. Scalping at support or resistance will be the best strategy.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Prices have remained range bound around $40.00/bbl and with global economic activity struggling to pick the pace, oil is likely to remain range in the short-term.
Oil touched our level and bounced exactly to the profit target shown (first red arrow). Hopefully, some of you took advantage of this. It is very close to relative highs, so unless we can gather some serious momentum, expect a retracement. The general trend does look bullish, but we anticipate a dip first. It looks like oil is forming a wedge pattern, so...
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! Despite the fact that prices slipped out of an ascending channel, prices have found support.
Firstly, please support our work by clicking like button & or following! These really assist us to reach more investors & traders like you! -Traders losing interest in oil as prices swing around $40.00/bbl for a third consecutive week. -The trading volumes on oil futures has remained subdued over the past few weeks as markets seek new strong information. -...
Firstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you! Energies spent a greater part of the week consolidating before collapsing on Thursday. Heading into next the outlook looks bullish as economic data from across the globe is picking up the space in the positive direction.
Firstly, please support our work by clicking like button or following! These really assist us to reach more investors & traders like you! Oil consolidates below $40.00/bbl, the bullish run was slowed by EIA data which indicated a built in oil stocks.