Idea for Oil/Macro: - The bottom line is that the inflation narrative is driven by one commodity - Oil. - Price is at a 40 year resistance. - The only thing actually holding up the price of oil is OPEC+ agreeing to cut production (Artificial inflation). - QE is actually deflationary, all it does is put a floor on markets and suppresses volatility and creates...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Crude Oil Curve remains in Backwardation out to May 2022 @ 66.71. A clear warning sign. We will be selling to open CL SEP as Front Month (August) approaches 73.50, An inverse Ladder will be used off the -.382 up the -.618 The Curve supports our higher sells on the 77 Daily HWB of highs to lows, CL traded 76.98 - Sells to open were closed @ 71.57 although the...
The discussions at the tables at the OPEC+ conference do not end, and it shows. We expect the course to drop for quite a bit now. In total, the correction should end somewhere between $41.29 and $39.27, before new bullish runs set in. Once that happens, prices above $59.35 will be targeted. Let’s go Bears!
Crude oil price dropped heavily yesterday as the inventory reports came out. Quite the opposite of what should have happened because it shows that actual figure is way more negative than the one that was expected. Price fell from 75 to 71.5 USD/barrel in one day. This looks like an opportunity. Expecting a retracement until the level 73 USD/barrel.
Reason: 1. Expecting to be bounce on MA200 2. Approaching to 30min OB 3. Divergence 4. Price is currently in Discount Market
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
The shale band is no longer a relevant fundamental talking point. New talking points create a range: Fed/ECB/PBC creating liquidity restrictions on inflation, which creates the top of a range. Opec creates a soft supply support range at top of previous permian band. This means that central banks will aggressively tighten with oil over 75 and opec will vaguely...
Wednesday, 14 July 2021 16:33 PM (WIB) USOIL loosing buyers momentum at resistance of 0.786 F exactly at middle lines of ascending channel, and forming Gravestone with 2 Hangman Doji's. Be careful with this Bearish formation, that could leads the chart fall to 0.382 F, I guess. As this spot has very strong support to attracting buyers from global world trades....
Hy dear traders and investors. We are here to update about EURUSD. EURUSD is making channel. And now this is at the bottom of channel. It has maximum Chances that it will touch price level 1.185 soon.
The main driver here appears to be the unwind in cyclicals and commodities as we see the brakes pulled in the inflation trade. In this sense, Oil itself tends to be rather immobile. And yet (for OPEC+ still has some vitality although diminishing) it is not rare to find the trigger for this will come in the display of an increase of considerable activity on the...
I used Fibonacci circles and used extensions. It is a prediction chart using wave properties. According to this chart, after hitting the $100 range in September of this year and falling, it rises again to $100 in early 2022, and then renews the highest price in 2022 after the decline. Remember, this is just a personal scenario, not an exact calculation. The choice is yours
usoil falling follow and u wont regret any market u want i can analyze and tell u when to buy and u decide ur profit when ever it hit the higher line buy