if staid above 34 the target 34.6 under 34 will go to 33.45 35 major resistance if break that number will fly
massive SHORTS piling up correlating to OIL STOCKS Exxon (XOM) | Toatal (TOT) | Vanguard Etf energy (VDE) Gulfport (GPOR) this one is nasty | California Resources (CRC) == Warren Buffet's PSX 66 $100 should benefit from refining processing all this supply overflowing across the universe === Philippines Oil Play Local Philippines anchored to ARAMCO (2222) $34...
Honestly, this price action is not looking good, I have drawn out two scenarios as we are currently trading mid-shockwave. Leaning bearish
for now it's loyalty check to friends and allied pals
According to the huge profit from rising oil prices, the stock value will continue to increase for the first 250 days.
Libya's National Oil Corporation Says Production At El Feel Oilfield Halted Because Of Air Strikes + Aramco + OPEC Mulls Extending Oil Production Cut Deal For 3-6 Months After March 2020 + FITCH SAYS ITS EMEA OIL AND GAS SECTOR OUTLOOK REMAINS STABLE = Oil price up
That's it. We are going to know what reserves they have. This means how big the supply is. The total supply does not dictate the supply side of what drives the price, production capacity and output decides that. But anyway the market will surely do something I think. This will also affect the renawable industry, the renewable bubble (that has not started yet)....
As per our previous post on crude oil, i am expecting 53 mark that 127.2% extension support but price reversed from 100% level. As per wave principle length of WAVE C = WAVE A, I am looking this impulse move as corrective part.
After huge spike from last week close almost 15% gain on monday, yesterday finished 5 percent negative. As per wave principle i am expecting crude oil enters into the consolidation phase, another few weeks price will be in between 59 to 63 mark.
We can get a long buy trade from recent levels 58.30 - 57.80 TP : 60.44 SL : 56.00 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your...
I think there is a fair chance that oil breaks out, maybe due to fears of war in the Middle East? Maybe due to OPEC extending production cuts, or maybe a bit of both, paired with Trump's comments of wanting a weaker dollar. I think energy positions are a good hold, and even a good chance to add to many, like $OXY, $PBR, $MPC, $PBF, to name a few. Keep an eye out...
This is potentially a very good trade, for the time being, we can expect it to retest the top of the range. If you didn't buy with me and my clients yesterday at the close, you can buy here, risking a new low under the recent lowest low. Target is at least a retest of the previous rally's top, but it could evolve into resuming the longer term 'Time at mode'...