I never post here but I really wanted to give this notice to as many ppl as possible. Forget the conflict no one knows how that will end. OPEC is still very tight with supply staying on pace with supply increases in the face of $130-$90 barrel oil. We aren't seeing much action in terms of increases in supply in the US either. Iran oil also seems to be off the...
The worsening oil supply shortage in the wake of the Russian invasion of Ukraine has sent pump prices to record highs in recent weeks, sparking fears of a catastrophic global oil crisis and soaring inflation. Despite these concerns, the Organization of Petroleum Exporting Countries (OPEC) and other non-OPEC oil-exporting nations, a global oil cartel known as...
Today we have a very simple idea. When to invest in S&P 500 vs Oil. The white centerline is the center of the logarithmic price distribution. The red line at the top is +2 standard deviations: unlikely events in favor of Oil will put the price here. The green line is the opposite, -2 standard deviations: unlikely events in favor of the S&P will put the price...
Oil has retraced sharply off news that OPEC is planning to oblige the demands of the west and increase oil production . We are still holding onto the $100's, but dipped by double digit percentages down to 106, where we found support. Currently we are seeing a nice pivot back through 112, with the price currently in the vacuum zone between 112 and 116. Russia...
USOIL was down 17.40% yesterday in a sell-off caused by the news that OPEC is considering higher production levels. The United Arab Emirates said it would support boosting oil supply because of the disruptions caused by sanctions imposed on Russia after Ukraine`s invasion. President Biden imposed an immediate ban on Russian energy imports. UK would phase out...
Brent crude came within a whisker of $100 today for the first time since September 2014 before profit-taking kicked in. Will it eventually capture this level? There's been a number of times in recent months when $100 oil has been thrown around like it's a case of when rather than if it will hit that massive psychological level. The shortfall of supply from...
WTI crude oil prices remain on the front foot at around $91.45, up 1.30% intraday while consolidating the first weekly loss in nine during Monday’s Asian session. Although fears among the energy bulls could be spotted as the key catalyst for the black gold’s first weekly loss in multiple weeks, geopolitical noise surrounding Russia and Ukraine joins the OPEC+...
POSSIBLE RETRACEMENT IMMINENT - CAN REVERSE ANYTIME The Beast has been adhering to the boxes pretty well and after the literal wrestle with 88.37 (top of last significant box) price has been able to recover yet another of 2014's Red Vector Candles, give a nice drop and a beautiful long from the base of the move. Although this is a 4HR analysis, in the hourly -...
There is a high probability for the crude oil to reach the $100 level in the next month
Just a view on how price has been moved last year. As a Bear you need to know when to be Bearish and when to go with the Bullish flow We have learnt so much more about the Oil market in 2021. Like the difference between USOIL price and USOIL Spot prices change as the week goes on. Some days they are the same or 10-15 pips different. Some days can be as far as 70...
OPEC+ LEAVES JANUARY OUTPUT PLANS UNCHANGED BUT REMAINS FLEXIBLE TO OMICRON-RELATED SHOCKS Yesterday the Organization of Petroleum Exporting Countries (OPEC), Russia and its allies, known as ‘OPEC+’, decided to stick to its original plan to increase oil supply by 400,000 barrels per day (bpd) despite the ongoing threat of Omicron on travel restrictions and the...
Well since the news of OPEC willing to increase the output price have reversed to a downtrend imho. To see. Past trade closed even and open a short
The oil market seems to be shrugging off the omi-cron fear trade. This is for good reason with OPEC+ cartel causing a spike in fear. The possibility of war whether it be Taiwan or Ukraine. The market LOVES the idea of a war. Catalyst #1) Satellite images show Russia still building up forces near Ukraine - Reuters Catalyst #2) US and Japan draw up joint military...
Oil has edged up as OPEC has pledged to compensate for demand woes. We are seeing resistance from 69.67, a relative high. Several red triangles on the KRI are popping up on the chart, indicating we are running into some resistance. The Kovach OBV is still bearish, to the point we are severely oversold, so a relief rally could easily take us 200 ticks higher,...
Brent crude has been tumbling in recent weeks, forced lower by slowing growth, a coordinated SPR release and this past week, the new Omicron variant. OPEC+ had an opportunity to arrest the slump today and at first, it appeared they'd passed up the opportunity. But the decision to maintain not change their planned increases each month came with an important...
The opening trades after Thanksgiving Day brought no optimism for investors as some countries are debating on whether they should release oil from their reserves during a period when the demand is lagging amid new COVID-19 lockdowns in some European countries. Brent crude prices are losing almost 6% and this may not be the final price. Taking the price chart into...
The largest oil cartel in the world, the Organisation of the Petroleum Exporting Countries (OPEC) and its allies known as OPEC+ will hold a meeting on Thursday, November 4, to discuss oil production quotas. Markets expect OPEC+ to stay true to the existing deal to up oil production by another 400,000 barrels per day starting from December 1. On the other hand,...
In the coming week, we are expecting the price to reach the confluence between the trendline and the resistance before making another drop and reach the $77 level. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before...