Crude oil: gaining on lower inventories While the broader macro conditions remained complex as hawkish Fed speak and debt ceiling deadlock weighed, crude oil prices managed to inch higher and start the week on a positive note after heavy selling both in paper and physical market over the last few weeks. Supply side news remain mixed with Russian exports...
OANDA:USDCAD TVC:USOIL Side by side Took 10 pips UC short with USOIL heading higher
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Oil prices have remained under pressure over the past month, with Brent crude falling 13.6% amid recession fears in the US and weaker-than-expected economic data out of China. Still-elevated Russian exports and the sizable inventory build at the start of this year due to a milder winter in the Northern Hemisphere have also played a role. We now see the Brent...
OANDA:USDCAD Last 10 spot for the week. 10 pip hard TP US OIL wants to push higher
Oil is having a strong resistance at 74.00 so the prime target will remain same, while if it cross this level then it may test 75.00 or 76.00 as well
WTI Crude Oil is stuck between 2 solid structures. Depending on the reaction of the price to these structures, I see 2 potential scenarios. Bullish Scenario. If the price breaks and closes above 74.3 resistance on a daily, a bullish continuation will be expected to 76.57 level. Bearish Scenario. If the market drops and closes below 69.4 support, a bearish...
OANDA:USDCAD TVC:USOIL TVC:DXY NY news release saw the USDCAD chop a bit until settling down to go a bit higher with the DXY dollar index It's tough to figure out USDCAD follows the WTI or the DXY, just depends on the news
USOUSD (WTI) is rising towards a key resistance level and potentially reverse from here. We could see price move down to our take profit target. Entry: 73.683 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement Stop Loss: 75.582 Why we like it: There is an overlap resistance close to the 61.8% Fibonacci...
OANDA:USDCAD Took another 10 pip scalp, This time, on a much lower time frame. Figured I'd scalp this on a 30 second after all the Oil news release.... Go Canadian Dollar!
At the time of writing, WTI was up around 2.5% on the session, making good its entire losses from the day before and some. Is this the start of a major recovery in oil prices? US Gasoline demand soars Oil prices initially sold off on the back of inventories data showing a big build in US commercial stocks. WTI has since bounced back to rise to a new session...
OANDA:USDCAD Nice pre NYSE short for 10 pips Gotta love it
WTI could fall towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 69.461 Why we like it: There is an overlap support Stop Loss: 67.344 Why we like it: There is an overlap support at the recent swing-low Take Profit: 73.551 Why we like it: There is an overlap resistance Please be...
WTI could fall towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 69.407 Why we like it: There is an overlap support Stop Loss: 67.514 Why we like it: There is an overlap support at the recent swing-low Take Profit: 73.270 Why we like it: There is an overlap resistance Please be...
Is WTI going to suffer the same fate as Natural Gas ? Endearingly referred to as Natty ? Well the good ship Natty got REKT last week. The long side which was overcrowded, overleveraged caught the "to da moon" bagholders off guard . Stunned whilst spitting out the kool aid they were seen gasping for air when the dead cat bounce rocked the boat ., Natty...
Crudeoil intraday trading alert 3 simple steps to find a quality setup ! Risk Reward Ratio 1: 2 Anyone same idea with me? BUY Crudeoil Good luck traders..
Crude oil prices consolidate around 68 and 77 dollars per barrel, remaining below the heights of March and April. The risk of downside movement is fueled by the slow recovery of China and their slow demand increase, higher interest rates on demand and uncertainty around US economy. On the other hand, if the prices dip too low, the countries of OPEC+ will be fast...
✅USOIL is trading in a Downtrend below a falling Resistance and the price Retested it and is making A bearish pullback so I think That we will see a Local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅