UK oil reversed from support zone and likely to rise to resistance level 75
Good day guys, here's my Mid-week market review of CADJPY. In the video, I briefly explain what I think about the future of CAD, cross-referencing with OIL. Please take note that; this is not a signal, however, an educational video of what I think about this pair. I believe you guys will grasp something from this video and learn a thing or two. Have a good...
UKOILSPOT broke above the descending trendline resistance (turn support) and price may bullish from pivot at 71. 01 in line with 38.2% Fibonacci retracement and 38.2% Fibonacci extension to resistance in line with 100% Fibonacci extension . Alternatively, prices may rally down to stop loss at 69.03 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci...
SUMMARY: LONG, oil and gas is heading for multi-year bull run. Expect to hit new all times highs in 2022 over $150. 1. Underinvestment in industry, leading to reduced supple. 2. Excessive broad money (M2) money creation by all major central banks. 3. Bottlenecks in supple chains and increased risks in transportation. BBG article - Natural Gas up...
I think UKOIL already continute to bump(maybe) to 76USD zone in the next few weeks(months)
We have gorgeous long-term accumulation and asset is ready to distribute with acceleration. Final target point is 200-220. Gasoline and natural gas prices will rally too.
4 confluences: Double bottom Daily support 800ema bullish hammer candle 1hr
And down we go 2 $42 a Barrel... Checkout the Dow Jones Transportation Index a leading indicator.. and it's now confirmed a bearish divergence!
Brent oil, now the price at the support line at 1hours and 4hours and daily candle, so i expect will go upward till targets. —— Tendency: upward Entry: above 67.30 Tp.: 69.70 & 71.44 & 75.32 Sl.: 65.00
as you see in my chart brent oil will go up up up by august
OIL till the end of year 2 Scenarios for UK OIL i allways fell in love with red scenarios
Hi all, I am looking for long opportunity. 1- Daily Support Line 2-Demand Area Wish you many profitable trades!!
I suggest you to buy brent oil at near price 70 with stoploss 69 for tp 73
OIL price already touched bottom in April 2020, where ABC correction ends Now it's still on the (3) wave, then Global resistance line become support line for wave (4) Wave five have to reach approximately 120
Globally, oil was under pressure from 2007-2008 (Great recession) It touched resistance level several times, this year is exact time for REVERSE
Bond yields are weak and global growth fears are mounting. With quite a lot of PMI misses recently. Could we see a wedge formation and correction ensue for Brent ? Seasonally Aug+Sept tend to be toppy/choppy for Crude. If we do get a correction into the low 60s I think it represents a great buying opportunity for the longer-term bullish supercycle thesis.