Crude oil experienced a significant drop in price over the past two weeks. This week, however, it appears the energy commodity is bouncing back to the bullish side. The fall in the price of oil since May was triggered by the fear of a recession, in the US in particular, and numerous central banks’ moving against inflation with rate hikes, leading to slowing...
FxMate USOIL break the 209 MA and i think it will retest the previous break to explode all the way to 200$
USOIL 17 May 2022 The daily expected volatility is around 3.53% With an 77% accuracy based on the historical data, we can assume that the price of USOIL today is going to be between TOP 117.70 BOT 109.7 All of this taken into account with the opening price of today which was 114 From VOLUME POC point of view its above 114 which imply a bullish momentum at this...
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...
The mainstreams media hype with Russia cuttoff oil will be over soon... as crude oil is properly working out head and shoulders pattern
Hi guys! 👋🏻 🔔 Seems like oil restrained from the further downtrend. 🔔 Brent recently touched 100MA and an important dynamic support 🔔 MACD also signals an uptrend continuation of oil prices. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
LIGHT SWEET CRUDE OIL short big volume green end of trend & big volume red start of trend week
According to Fibo retracement ,and fibo Extension Up trend channel Corrective Wave Divergence
Drop it like it's hot! The Fed is remaining hawkish. Dollar started rocketing up as they spoke. Dollar Up Everything else mostly down coming to a theatre near you!!...
Oil had a brief attempt at a rebound in the 70 handle, before crashing right back down to the 60's. We alerted you yesterday that the relative low was somewhat auspicious at 67.91. This is exactly where we are hanging on by a thread at the moment. The Kovach OBV is solidly bearish, and fears over the Omicron variant have weighed on demand considerations. If we...
Oil is pressing lower of reports of increased supply and weaker demand. We are currently testing a very important psychological and technical level at 80.00. We are seeing several green triangles here at 80.00 which is suggests strong support. If we are able to break down from here, then there is a vacuum zone below to 77.56. We have several technical levels...
Oil dipped, breaking a key support level at 80.70. We saw further support (confirmed by a green triangle on the KRI) from 80.00, however, and have rebounded back to the 81 handle. We appear to be making a run for the next level at 82.13. The Kovach OBV has dipped sharply, but has since picked up to reflect the support. If we can break past 82.13, we will...
Oil has retraced from just below highs at 85.55 to seek support at 82.13. This is exactly what we anticipated would happen. We are just past the 50% retracement between highs and the lower bound of the range at 80.70. Several green triangles on the KRI suggest that support will continue, and we will level off. If not, expect further support at 81.30, then...
Cl is on a historical zone . the potentiel of going long is greater than short in the next days
The technical view show how the value of crude oil is within a Bearish channel where the price has found two obstacles: The dynamic resistance of the bearish channel and the Fibonacci retracement 61.8%. The stochastic is in overbought with divergence and the volumes decrease, followed by a red candle that today breaks the moment of sydeways started on August...
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hello today i share with you my view about cl , if you have any suggestion you can leave comment here
Opec meeting is on and increasing the production is on the agenda? Why? Well most likely increased demand. But electric cars are the future. Yes they are but that doesn't mean the price now needs to go lower because of this fact. On the contrary possibly. Chart shows price over major resistance and on support with potential to fly to the 100$ mark this...