Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The previous month witnessed a 4% drop in oil prices despite the OPEC+ member's decision to cut a further 1.7 million barrels from its daily output, adding to an earlier pledge from November to take off 2.0 million barrels per day. The implementation of this pledged cut is supposed to begin next month - May 2023 and this could result in some interesting market...
The much-expected bullish pressure following the OPEC+ decision to cut oil production appears to be losing steam as bears are defying OPEC+ again. The majority of market participants are of the opinion that the selling pressure witnessed in the previous week is a result of persistent US rate hikes and recession fears but if we take a look at this bearish move from...
Hey Traders so today I wanted to make a quick video about how you can trade the Crude Oil Market Gap. There are different types of gaps in trading that can help us find good buy or sell levels on the chart. By knowing how to recognize these patterns when they happen can greatly influence your trading decisions. Gaps mean that something significant has just...
Good afternoon traders, I thought it would be beneficial to you all to showcase my reasonings behind going long on USOIL in full - this video illustrates my logic behind targets as well as subjective stop levels based on intraday liquidity. Hopefully you can see how essential it is to not just work off of one singular chart - USE the higher timeframes to your...
Following a profitable week for us, the US Oil prices rose for a fourth consecutive week, riding on global energy agency IEA’s upgraded demand prospects for 2023 to break out of the $82.00 level for the first time in 5 months, but a resurgent of the US dollar on Friday following Fed Governor Waller’s remarks favoring more rate hikes; shook up some of the gains as...
If I'm right (a big IF) USOIL may rally significantly in the coming weeks. Between 77-76 is the buy area. Under 76 and things could get ugly quickly, but the mid time frame rsi is telling me that is probably not going to happen. I'm looking for support in this area and a move up to 90 in the coming weeks. Good luck!
Important update for WTI Oil. Recent bearish movement explained. Trading plan & trading recommendations. ❤️Please, support this video with like and comment!❤️
Oil prices did not advance beyond the surge to the $81.20 level, which came on the back of the announcement that the world’s largest oil producers will collude to cut a further 1.7 million barrels from the daily output. The inability of prices to go any higher could not be unconnected to some of the larger economic worries in the market. Hence, throughout the...
IN this update we review the recent price action in #crude oil futures contract and identify the next high probability trading opportunity and price objectives to target
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
The OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day hereby bringing the total volume of cuts by OPEC+ members to 3.66 million bpd according to Reuters calculations - a whopping 3.7% of the global oil demand. The latest reductions have a strong potential of lifting oil prices to new highs. In this video, we...
Multiple time frame analysis on WTI Crude Oil. Price action & important key levels. Trading plan explained. ❤️Please, support this video with like and comment!❤️
02 Apr 23 OPEC+ made a surprise announcement to reduce its production starting May. The direction of the commodities price is always about supply and demand. With the China opening, there will be an increase in the demand for crude. The reduction on its production will likely cause crude to trend much higher. Video explained why crude to break above USD106. ...
Here's your weekly update ! Brought to you each weekend with years of track-record history.. Don't forget to hit the like/follow button if you feel like this post deserves it ;) That's the best way to support me and help pushing this content to other users. Kindly, Phil
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Following the massive slide couple of weeks ago; we scooped over 800pips profit as the US oil finished last week's trading session up approximately 4%, after factoring in gains from the first four days of the week. This indicates consolidation and the possibility of a technical rebound, which has immediate resistance at both the trendline identified on the 4H...
In this update we review the recent price action in #crudeoil futures contract and identify the next high probability trading opportunity and price objectives to target