The prices of oil appear very negative as they record losses for the fourth consecutive day. Markets are selling crude oil futures contracts due to the current division within OPEC+ on how to proceed, with the prospect of a lack of severe measures to support oil prices. The postponement of the OPEC+ meeting to a virtual mode on Thursday highlights a deep division...
Oil is currently priced at 74.245 to buy a large amount. Make money with me. 75.5-76TP
✅CRUDE OIL is trading in a Downtrend and the price retested The horizontal resistance of 78.00$ And is going down again so I think that we will see A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The OPEC meeting originally scheduled for November 26th will be postponed to November 30th, and OPEC will change to an online meeting on November 30th, which will affect the trend of oil. Oil has always been weak, volatile and falling Observe the support strength of the support range 73.7-74.1 of the last rebound If it falls below this support range, oil may...
Crude oil continued its downward trend at the opening on Monday, and its rebound at $75.7 once again encountered resistance and declined, indicating a bearish trend. Looking at the daily trend chart, the daily level has been negative for three consecutive times. Although there is no new low quotation, the high price has not been broken, indicating that an...
During Monday's Asian session, the EUR/USD pair experienced modest declines, primarily due to renewed demand for US dollars. The rise of the EUR seems constrained due to current macroeconomic prospects. Currently, the pair is trading near 1.0935, with a 0.08% loss for the day. Economic data from Germany indicates an improvement in the German IFO business climate...
BLACKBULL:WTI is set to consolidate at around the $75.00-$80.00 range, after failing to decisively break the November 22 swing low of $73.85, which could have exacerbated a drop to $70.00 per barrel. That said, WTI’s success in registering a daily close above $75.00 could open the door to test the first resistance at the 20-day moving average (DMA) at $77.62...
Hey Traders, in today's trading session we are monitoring USOIL for a selling opportunity around 76.50 zone, USOIL is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 76.50 support and resistance area. Trade safe, Joe.
Last week, the momentum of crude oil has weakened, and next week will focus on the Opec meeting, which is mainly short before the meeting! This week's profit is less, I will layout after waiting for the big trend!
USOIL / 4H Hello traders, welcome back to another market breakdown. USOIL Broken from the range and the price now is in a deep-pull back. I'll be watching if the bulls can prevent the breakout from happening. Trade safely, Trader Leo
Essentially, the session of the U.S. stock market index was relatively flat, hovering close to previous values and closing with a modest increase of 0.06%. The start remained stable compared to the previous day's close, with subsequent movements within a trading range throughout the entire session and an improvement towards the peak reached at 4,560.3. Presently,...
CAPITALCOM:OIL_CRUDE chart mapping/analysis for last week of November. TBC further details/write-up via ideas section.
USOIL if it breaks below then next target will be 61$ - 62$, if breaks above with retest then next target will be 98$ to 99$
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Oil Market Outlook & USOIL Breakdown - Week #48 The Oil market after rejecting the end of Q3 2023 Highs around the 90 to 95$ range has suffered in the fourth quarter of the year. The price of USOIL mimicking the one of the Western Texas Intermediate has closed week 47 with a price of $75.13. Here is a brief breakdown of the recent fundamental changes & news...
Here is our detailed technical review for USOIL. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 76.20. Considering the today's price action, probabilities will be high to see a movement to 72.68. P.S We determine oversold/overbought condition with RSI...
I wanted to draw your attention to recent developments within the Organization of the Petroleum Exporting Countries (OPEC) that could potentially impact the oil market significantly. It appears that OPEC is inching closer to reaching an agreement on production cuts, as several African countries have now joined forces. Over the past few weeks, discussions within...
Brent Crude Oil Forecast 🛢️ TVC:UKOIL Just like we called it earlier, the price dropped from 82.00 to 79, hitting our Take Profit sweet spot. Now, even though the price popped above 81, it couldn't make higher high, and it's chilling below the 100-day moving average on the 4-hour chart. Looks like we might see it slide back from 81.50 - 82.00 to 80. If 80...