During the past two years, oil, along with many other raw material commodities which are used to produce energy products, has been very volatile. Perhaps given the nature of its supply, which is largely in the hands of the OPEC+ countries whose national economies depend on the export of oil around the world, the 'oil cartel' has a lot of bargaining power over its...
Hi Trader's ,, How Area You Today ? Let's Start To Analyze The Market And Get The Best Chance To Enter Trades ,, On 30 Min Time Frame We Find Great Chance To Sniper Oil From This Area ,, And We Can Sell To Green Area As a Target
Long on XTIUSD (Crude Oil) on the basis of bullish parallel channel. Weekly resistance lies at 85 level and it is likely that crude will test this resistance area.
The price of oil per barrel will definitely soar high but I see a chance of sell opportunity before its long momentum, currently looking at a clear sell chance for at least $4 price reduction per barrel of oil. XTIUSD is currently trading in my supply zone....so i expect more sells to jump into this market. NB: All eyes on the breakout zone (blue box region) to...
Bearish divergence spotted in RSI Entry @ 81 SL @ 84 TP @ 78
HI PEOPLE WELCOME TO DECRYPTERS We may see 4H to Play first and NEXT WEEK Possible REVERSAL in oil, AS Reversal pattern is on Daily Timeframe it will take 7-13 candles At least to reach Targets 0f 86$ - 88$ , The Demand for oil will increase once china is Fully open
After XTIUSD visited 5th December's supply zone yesterday, the market had a rejection of price value. I'm expecting the price of crude oil to revisit the $70.30 per barrel!
Bearish divergence in RSI Can be observed further to take that trade when the reversal of the trend start Short until 77 which is the immediate support
USDWTI D1 - Still lots pending at the moment with regards to the dollar, we are starting the week off bullish, with the dollar up .15$% on the day, cable down .25%, XAU down .27% and WTI down a huge 0.5% so far... Hoping to see deeper corrections. But ultimately, we need this D1 candle on these ***USD setups to close red. Back on that heavy $80/b psychological price
Hi people Welcome to our OIL Analysis We put Our Technical and Fundamental Analysis together So both can be Combined 1- My Political Aspect is FED wanted to show people that their polices are working the oil prices will move inflation again. 2- Strength of USD was keeping US inflation low relative to Other countries ,but if USD get deep dive more it'll...
Basing this trade off of a trendline touch on the weekly timeframe and the weekly 100EMA being aligned. Coupled with the previous high made on XTI's downtrend, makes for solid confluences for an intraday short. I am not expecting crazy pips from the zone but will have a modest target as Friday is profit taking day for institutes. Stops at 43 pips and full tp at...
If the year 2022 can be remembered for any recurring feature in terms of demand for commonly traded commodities, it can be remembered as a year of high energy prices across many Western countries, with oil being one of the most prized consumable commodities of the year. In the summer of 2022, Fuel stations across Europe and the United Kingdom were charging in...
1. I have analyzed XTIUSD previously here: 2. The price respected the Demand Zone, took the order at the expected 79.41 and went up. 3. Since the price is reacting from the Weekly Dominant Zone, the rally move is capable of achieving the 87.00 mark in the long run. 4. Let's see the next move for XTIUSD. I will be updating the next setup whenever available.
just wait for confirmation after Crude Oil Inventories for my opinion it will go down with yellow line.
Hi Traders, A bounce from the bottom trendline more likely to happen. Target price: 76.1 Thank you. Happy Trading!
USDWTI D1 - Finally starting to see a bit of support here on crude oil… 76.50 is still out preferable sell zone, healthy correction from latest swing high to swing low, which ties is nicely with out preciously broken support zone. Simply looking for the retest of that broken zone to position ourselves short, in aim of fresh lows.
Expecting a barrel of XtiUsd to fall to $71.300 per barrel. As XtiUsd rejected from its two previous highs on Thursday New York opening and todays Pre-new York session. I'm looking for some market to to supply orders and hence which in turn will lead to this drawdown!!!
Organization of Petroleum Exporters and its Allies (OPEC+) maintained production cuts, keeping production at 2 million barrels per day (bpd) from November to 2023. Oil prices weakened as China's zero-covid policy weighed on demand. However, after the regulation was relaxed in a number of cities including Beijing and Shanghai, oil prices slowly moved up. WTI and...