Oil prices will remain higher than $100 per barrel in the coming months, reflecting the geopolitical risk from Russia’s war in Ukraine and the tight energy markets with the current and potential future sanctions against Russia, the Energy Information Administration (EIA) said on Wednesday. Brent Crude prices are expected to average $105.22 per barrel this year,...
Bulls would be taking profit today from last week's BUY order. Drawing a fib on the daily chart, we are seeing a definite area for price to reverse, however, we are still in a Bullish trend on Oil. We may see an opportunity for a short-term SELL for Bears to enter right around 59.73 . Once Bears take their exit for that short-term order, we can definitely expect...
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to complete the pattern and watch strong price action for sell.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Since August Brent has been in a downward trend, inside a channel. Both RSI and the channel itself show strong signs of reversal. This trade is quite a risky one since we will be trading against the trend. After the resistance has been hit, be wary of a strong reversal in continuation of the downward trend. A stop-loss around $36 will minimize losses in case of...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to complete the pattern and watch strong price action for sell.
The volatility in oil markets has been falling for months as price contracted into a narrow range. That 'wedge'-like trading range appears to have just broken to the downside
Despite current structure holding there is a valid long buy stop. above MA's, and the strong support at current price has not historically been a strong resistance.
Ascending triangle pattern (tightening volatility) suggests a breakout sooner rather than later
Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current levels for sell.
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Moving averages awfully tight now. 50 (teal) has proved strong resistance before. But, we do have some support. That said, the more support there is to break..the more it can fall :) We will have to wait for an answer but, keep eyes on close
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
DOWN Or UP ! End target in 2020 : 41 - 43 $ Down Target : 30 - 32