Crude prices rose as a weaker dollar and optimism that major oil producers could extend ongoing production cuts at an OPEC+ meeting later this week boosted sentiment.
Although the market is still paying close attention to the production of non-OPEC countries, various positive factors have provided positive external support for oil prices. Investors' expectations...
Our overview: Definitely OPEC+ policy disappoint the market. The Cot report released Friday, referring to data until the previous Tuesday, then few day before the OPEC+ meeting, highlighted that the commercial barely increased(1%) their net long positions in options, reverting the trend of the previous report. Furthermore, a news from 'businessinsider.com' say...
Our overview: Definitely OPEC+ policy doesn't convince the market. Massive selloff with more tha 500K contract traded, push the price to re-test the trend/neck line. Market could enter in latera trading range.
Technical signals: RSI negative, and Stochastic negative.
Trends analysis: Primary(purple): downward impulsive structure wave 5, intermediate(green):...
Our overview: Strong GDP in US, and hope on the OPEC+ meeting, offset the build in crude stockpile. A bigger then expected production cut would push for a Christmas rally. Today is mandatory stay neutral at least till is gonna be clear the OPEC+ policy.
Technical signals: RSI and Stochastic positive.
Trends analysis: We maintain an overall positive overview with...
Overview: After several tentative, finally the trend line has been broken. Yesterday's CoT report (Commitment of Traders) highlighting that commercial and not commercial are reducing their net long positions in options. This could be a signal that area $73/$75) is an accumulation's area, at least for the current conjuncture, confirming our strategy. Eye on API...
Overview: Weekness due to the OPEC+ meeting uncertainty.
Strategy: Positive Delta looking for a technical rebound and waiting for the CoT report which is gonna be released today. We hold moderate positive position. Our current delta: @$74.20: +0.20
Technical signals: RSI negative, Stochastic in oversold area.
Trends analysis: primary(purple): corrective...
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...
Overview: The price just approach the first important resistance area, a downwards trend line. This dynamic resistance has already rejected prices 3 times since its formation. Lateral trading waiting Wall Street's short session.
Strategy:
we hold delta neutral position waiting for a breakout. In this case, we will go long with a stop level @$76.30. Our current...
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I n the ever-evolving world of finance and trading, staying ahead of the curve is essential for success. If you're part of the exclusive audience of elite business professionals and investors, you understand the importance of precise market analysis and informed decision-making. In this article, we delve into the intricacies...
A big "butterfly" was detected in the January oil contract, which is a directional strategy with a target of $90, also known as the previous local maximum.
It's important to note that this strategy appeared after a 4.7% decrease and when the 90 price was significantly lower and oversold for our mysterious participant, let's call him "X".
*********To summarize,...
Overview:
EIA data and OPEC+ meeting postponed,
make tumble the market.
My dear volatility!!!
Strategy:
Neutral. Follow the market.
Our current position's Delta @$76.39: 0.03
This are all the corrections we made today
5)rebalance: @$76.39 (from 0.23 to 0.03)
4)rebalance: @$75.70 (from 0.62 to 0.03)
3)rebalance: @$73.90 (from -21 to 0.30)
...
With oil prices having fallen around -25% from the September high, a correction higher may be due.
And as prices failed to hold beneath $70, Wednesday's bullish hammer (which is also a higher low) has caught out eye). The hammer was coupled with above-average volume to suggest demand around $75, and the initial break below $70 was seen on strong negative delta...
HELLO TRADERS !!!
As i can see CRUDE OIL 🛢️
The anticipated OPEC+ meeting set for this weekend to a postponement to Nov 30th. The delay stemmed from challenging discussion between Saudi's and fellow members regarding oil production levels....
Saudi Arabia currently implements an additional 1 Million barrel per day output cut since July engaged in talks...
Overview:
Another massive build on API crude oil stocks,
conflicting with a big distillate inventory draw,
and next Sunday OPEC+ meeting are the main
factors driving the market to a stall
awaiting the official EIA data scheduled today.
Strategy:
Neutral following the market.
Our current position's Delta: -0.09 barely negative
Last rebalance: at...
Overview:
Awaiting the FOMC minutes and
API crude oil stocks
Strategy:
Our current position's Delta: +0.10
(rebalanced at $77.18
from -0.73). Follow the market.
Technical signals:
Stochastic crossed the signal but still in negative
territory, RSI in neutral area.
Trends analysis:
primary(purple): corrective structure wave A
...
The WTI crude oil market experienced a robust response, essentially reversing the downward trend observed on Thursday's session. Currently, the market is exhibiting a corrective structure, and we are monitoring whether it follows a pattern of 3 waves (ABC) or 5 waves (ABCDE).
As of our current position, the delta stands at -0.03, indicating a neutral stance.
The...
After failing to break through 80 this week, crude oil fell again to around 75.56 after the US EIA inventory data emerged yesterday. There is currently no good news for crude oil in the market.
The overall trend of crude oil is very weak, showing a slow falling trend. After breaking above the moving average, oil prices did not stand firm but fell back and fell...
