CFDs on Brent Crude Oil
WTI CRUDE OIL. About a week ago, oil almost has reached its all-time highs ( ATH ), but a few days later it fell by 28%. Why could this happen? Let's look at the situation in more detail! FIRSTLY, the White House promised to take oil sanctions off Venezuela in exchange for intensified negotiations between President Maduro and the country's opposition. Although...
I never post here but I really wanted to give this notice to as many ppl as possible. Forget the conflict no one knows how that will end. OPEC is still very tight with supply staying on pace with supply increases in the face of $130-$90 barrel oil. We aren't seeing much action in terms of increases in supply in the US either. Iran oil also seems to be off the...
Oil hits two-week low but UBS is still bullish on Crude. UBS laid out three reasons for its $125 USOIL this summer: 1. Russian oil exports hurt by sanctions, which will further tighten global supplies. 2. Spare capacity brought in by OPEC is less than 2% of global demand. 3. Global oil demand still heading for record highs with Europeans and Americans returning...
This is not financial advice. This is for only my private trade plan. If you have follow at your own risk.
Time for a comeback? The price fell rapidly after the break downwards. A retracement is possible.
We have been able to enter @ $ 94.00 small leverage for now. The chart looks like bottoming and it is likely we will see higher price levels again back towards $ 105-110 initially. The strategy is therefore, buying into weakness, or if new position BUY $ 94-96, or if more adventures current $ 97 handle. we will add further @ 88-90 when seen, as I feel we may...
here my analysis on USOIL , we are looking for LONG on the retest of the given level.
-Waiting for Lower Timeframes Downard Trend Line to Be Broken And Opposing pivot points supply zones to be removed. -Need a quality Drop Base Rally Demand Zone To Be Created. -Inflation, Russia Ukraine news to potentially drive up commodities.
We keep our long term bullish view on WTI. Taking advantage of the recent correction, to get good entry point at discount. Entry: 95.25 SL: 91.40 TP1: 99.40 TP2: 110.11
Hi .I see a sell signal for scalp set SL base on your risk management. thanks.
Oil currently doing the same as Gold (XAUUSD) now much to do aside waiting for global news to give reason for continuation down of W formation. Summer 2022 is around the conor and china has increased covid cases.... cold summer?
After a sharp 107% move in 67 trading days, oil price experienced a 28% decline and now is back at 50EMA..! This move has other interesting features as well: 1- Back to the upper border of the broadening pattern: 2- Back to the price action support zone : 3- Retracement to 50%...
Looks like we have got the breakout , and i feel we will do a great bounce back towards the upside for the short time frame :)
1.Prices are still being adjusted. 2.We can focus on horizontal repression of opportunity.
1. The prices respected the limits set in yesterday's post but as usual I must update them according to today's fluctuation. 2. After completing one medium wave on Eliot pattern including correction ( ABC ), prices should retrace again upwards to perform a new peak between $98.7x and $103.8x but it must first penetrate the downtrend line (dashed blue) and the...
The commodities market tends to the opposite of the stock market. If stocks tends to do a V shape recovery, the gold and oil will tend to do inverse V shape drops, and that is exactly what happen to oil on the last run up caused by war and inflation risk. We have since reverse course and dropped back to be 93 range before finding a bottom. Its likely that the...
12hr Stoch and RSI suggest a sharp rebound on Oil to 100/108 levels at least. This would be rough on markets and may kick the next big leg down if it gaps up.