This analysis has been created to show the potential of the markets that is all!
Markets are a DISCOUNTING MECHANISM they will discount today what they expect at some point in the future and if that expectation does not materialize the price will correct lower. Over the past few months, OPEC has been quite open about production cuts which would be the perfect recipe to push markets higher. Huge overproduction while demand remained consistent...
This is a follow up explanation of the previous chart. One correction - near the end of the recording I said that if the world economy slows everything will drop except save havens like "Gold and Oil" of course I meant "Gold & Silver" not oil. I hope this help Steve Nixon
Demand is trending at a steady 1.5% YoY, the decline was entirely driven by supply-side shocks. The OPEC rhetoric to cut production is favorable for price big picture but the chart is suggesting lower first into an ideal target of $48.
HAPPY WEDNESDAY TRADERS! Breaking down my current live trade with USOil and what Im seeing from a TOP DOWN Analysis... Very key. Hope this insight helps with your Oil markups and trading. If it does, leave a lik, leave a comment and lets all win together (: Also FOLLOW my GRAM for more (: IG: @issdrake
Watch as I analyze the Dollar index and a few other currency pairs.
Oil is likely headed higher over the coming months, but there are many challenges that lie ahead. In this update I breakdown the chart using Elliott Wave and Fibonacci as well as discuss some important global macro factors as well.
watch video for details
WTI and BRENT has been a great source of trades for us this past month and downside looks likely to continue however we would like to see the market retrace after breaking through the key support level around 64.80. Seasonally Crude Oil through the end of November to the middle of December sees significant downside which lines up with the technical analysis...
We've had a regular flat correction on USOIL over the past few months. The C Wave may be about to end and price could push to new highs. The US has just announced sanctions on Iran oil exports which could be the catalyst for price to move higher. Look for a long trade set up as price could be on the move. This is not investment advice Steve...
The markets are changing and oil is looking weak with this strength in the dollar as of late, so be prepeared for this. My overly bearish view on oil is the retest of the lows USDWTI @26.06 and lower @22.00.
I will be going officially global markets are changing its in the charts so be prepared!.
long 10 min video but interesting outlook, thanks .
all mentioned in chart kindly have a look and stay with trend
hel all check my view and if any disconnect lamme know
Watching oil, and the play out.