Technical analysis wise, this is forming a lower high before the continued drop. Fundamentals wise this week, we could go bullish if the USD gets strong during OPEC. Let's find out this week. BULL TPS: • 108.940 • 109.669 • 110.818 BEAR TPS: • 107.684 • 107.053 • 106.444
Zoomed in on WLL we can see that downside risk is very limited and upside potential is epic. The 200 EMA 4 hour is at $4.34 200 EMA D1 is at $8.55 Price gaps from $28-$26 Price Gap from $26-$24 Price Gap from $14.67-$13.56 52 week high $31 Oil storage facilities will at full capacity by June if OPEC doesn't make supply cuts. Descending Triangle top line being...
Crude oil prices still in a huge decline with Russia and Saudi Arabia still in a stand off unable to come to an agreement with term on a deeper supply cut. Also with COVID-19 impacts on oil, global demand is falling. We could see $9-10 per barrel area tested.
Large sources of investors say that it reached the price of 0 dollars for the war in Arabia and Russia with the theme of OPEC, and that it also coincides with the world crisis due to the Coronavirus. What do you think?
Given the current turmoil in the oil market and declining Iranian oil exports, as well as the dispute between OPEC Plus, Saudi Arabia and Russia, as well as the Saudi Crown Prince's order to boost oil production to pressure its own oil counterpart, it is expected that the oil will be delivered over time. It has long fluctuated in price ranges and returned to its...
Here we are tracking the continuation of the move down in Oil. On the demand side, manufacturing is starting to slow and we are outguessing signs of the effects on the demand side. Equities wont be able to hold Oil up for too much longer, this is starting to look clearer by the day. Prices will have to fall to offset the move in demand, once this starts...
Headlines: • Crude Prices Bounce Off $30.50 Level Seeing Prices Regain Some of this Week Losses • Stocks in Asia Finish the Week Lower Continuing Their Fall • US Equity Futures Up Heading into the Session
Headlines: • Gasoline Plummets Along with Crude as Markets See Huge Selling • Futures in Asia Prepare for the Worst as They Plummet Heading into the Session • EU and US Markets Plunge as Investors Flee
Headlines: • US Imposes 30-Day Travel Suspension on All European Countries • Commodities & Equities Fall Across Asia as Comments Rattle Investor’s • Australian Government Issues $17.6 Billion Stimulus to Assist in Covid-19 Impacts
TVC:USOIL crude oil on 1 hour time frame shows a rising wedge as a recovery of price against Saudi Arabia's action against OPEC directive coupled with corona virus death explosion during the weekend . For a possible sell Your comments and likes will go a long way in supporting this idea.
Headlines: • OPEC Monthly Report to be Releases to Markets During the Session • US Coronavirus Cases Tops 1,000 as More City Officials Record Cases • Futures Market Lower as Traders Head into US Session
Headlines: • API Data Release Shows Little Affect as Traders Weight in Maintenance Season • Lower Oil Prices Sees Oil Dependent Nations Prepare for Economic Slow-Down • US Equities Seesaw During the Day Before Surging Near the Close
Headlines: • Crude Sees Slight Retracement as Selling Pressure Subsides • UK & US Markets Poised for Higher Start to Session as Investors Calm • Equities in Asia Up Regaining Some of Yesterday’s Slump
Headlines: • US Markets Plunge Amidst Increasing Global Concern & Falling Oil Prices • Energy Giants Fall as Plummeting Oil Prices Hit Home • 3 Unidentified Projectiles Fired from North Korea
Clear head and shoulders pattern over the last 3 years. Will see more downside/chop before this turns around. But should pop back as soon as Oil price rises and Corona virus jitters ease. Great fundamentals and margins within their industry as well. 1-2 month duration. Will add more to position at $60. Trade at own risk*
Hello, my people, Long time no see, isn't it? The time for the BIG MONEY has finally come! This is the chance of the decade to become millionaires - by investing in oil now. Oil is the door, patience is the key and money are waiting when you open this door. See what's going on - COVID-19 is making oil prices go down, the lowest level for many years....
Headlines: • Crude Drops -28% as Saudi Arabia Scraps Cuts & Plans to Increase Production • Asian Equities Fall Apart as Investors See Strong Risk-Off • COT Report Shows Increase in Short Positions Last Week
So did look at this chart on the weekly. We had an initial downside move after multiple higher lows and higher highs, and we were expecting a lower high swing to be made. This did not happen for many months. The 61.8 fib held, and just on Friday, we confirmed our first lower high swing because remember, to confirm a swing, we need a new lower low (in a downtrend)....