More room for Down to go! Ukraine War has impacted the Oil but lately they seems incorrect on correlation!
Because of market concerns about the recession, the demand for crude oil has been hit to a large extent. Then the acceptable price of crude oil in the cycle of slow economic development is in the 70-65 area. People familiar with the crude oil market must know that crude oil basically fluctuated in the 70-82 area in the early stage. Judging from this, crude oil...
US Oil is approaching important support around 74 We will wait for price action and then enter in either buying or selling Targets for bot scenarios mentioned in chart Good Luck 🍀
The pattern of crude oil is similar to a double top, with resistance levels near 78.8-79.2, so a short signal was given before the market today. Now the trend is still in a short form. The rebound is a short opportunity. If you can't grasp the timing well, you can find me
The timeline of China’s economic rebound frames the demand outlook in the crude markets, which remain rattled by concerns over broader global appetite for transport fuels amid mounting inflation rates and recessionary signals. On the supply side, energy markets await further clarity on the Russian production impact of an EU ban that came in force on Dec. 5....
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...
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Oil prices are correcting downwards. Pressure on quotes is exerted by the expectation of a recession in the US economy, predicted by US Federal Reserve officials at the last meeting, as well as the probable postponement of the pause in tightening monetary policy from the May meeting to June. Currently, most experts are inclined to believe that next month the...
the price of Oil rise after the China and India demand for oil from Russia and also in my opinion the price will go long as we witness about the global warn about war and future Crises my long oil target is above pervious year high in 2023.
There are several aspects that I am bearish on this chart. First of all, we have a huge GAP on daily that must be closed soon. Secondly, Wednesday's stock data came below those of the market, so the crude oil stock is higher than the estimates, which is very bad because they have already reduced production by 1.5mln/day, which means that unless they . had reduced...
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...
After News Of production cut, we see gap up opening in us oil & yesterday it break its range. If us oil break last day high then we can see these fib level. Disclaimer - All Videos/Information on this channel are for Education purpose only. Practice all trade setups on a Demo Account. They are not buy/Sell Recommendations . Please consult your financial...
The panic brought about by successive bank bankruptcy, the market expects that the European economy will enter a recession, and the demand will drop sharply, leading to a general decline in commodities. Crude oil has fallen below $70 yesterday. If it falls below $60, it is expected to continue to fall to around $43 , which is very large space. If the...
Although the major oil-producing countries have implemented production cuts to give some support to crude oil, the demand for crude oil is not too strong because the economic recovery may be much slower than originally expected.Because when market demand surges, OPEC does not need to cut production significantly, so oil prices may not rise further, but will...
Last week clearly emphasized that the crude oil rise gap needs technical adjustment, HKEX:81 is an excellent opportunity to short, today's market very well verified my view, the next transaction, continue to short. Personal advice: continue to short around 80, target 79-78 Whether you are currently profitable or loss-making, trade with my signals and double...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to go a little bit higher for buy stop liquidity and to fill the imbalance and then to reject from bearish order block. Like, comment and subscribe to be in touch with my content!
After Monday's gap, crude oil has been out of the technical trend, and then it is necessary to make up for the previous gap, and the market will inevitably have a wave of downward movement, we can layout above $81. Personal advice: short above HKEX:81 , target focus on HKEX:80 -$78. Whether you are currently profitable or loss-making, trade with my signals...
There are two different movements demonstrated in green and red. The green line predicts a rise up to 119-130. The red line shows the price line hits three targets one after another. Only trade based on your own personal knowledge.