There are two potential rising formations to come for Sasol. Either Rev Cup and Handle or Inv Head and shoulders We do need the confirmation though for upside to continue to come. Moving averages yield a Medium Probability setup with Price>20 Price<200 Oil is also confiriming a short to medium term rally which will help push up the price Target R228.61
Ascending Triangle has formed on Brent Crude. We saw the price continue to knock up the resistance until it broke above. Price>20 and Price>200 So the target is likely to hit $96.00 When the US Dollar depreciates, it often leads to a rally in Brent Crude prices for several interconnected reasons. 1. Commodity Pricing Global Benchmark: Brent Crude is a...
Since the last update, Brent has broken above the major Falling Wedge... And it's been on a quiet but consistent trajectory up. With the USD strengthening and with oil being an inelastic good where price has little effect on demand, means we can expect the price to continue to the first target. $100! We are in it for the medium term.
Oil about to course n be bullish. are all the bears dead ? looking at the financial macro factors, everything points to oil all time high. This tells us whats coming is worse that the 2008 great depression. Longing oil for financial freedom. send et
Hey traders, in today's trading session we are monitoring USOIl for a buying opportunity around 102 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in the coming week we are monitoring USOIL for a selling opportunity around 111 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in this week we are monitoring USOIL for a buying opportunity around 99 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in the coming week we are monitoring USOIL for a buying opportunity around 98 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in the coming week we are monitoring USOIL for a buying opportunity around 90 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring WTI for a buying opportunity around 77.6 zone. Once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Oil continues its bullish advance as Oil demand comes roaring back as governments across the world vaccinate their domestic populations and set up a global demand increase for Oil as OPEC keeps supply limited. Investments banks such as Goldman Sach's have an extremely bullish view on the commodity, calling for Oil to enter a super cycle. In this video I look at...
We look at why Oil prices are supporting the Commodity-linked Canadian Dollar & Norwegian Krone. I analyse how markets use Manufacturing PMI data In the U.S to know when to buy and sell Oil based on demand expectations driven from Global growth. We can take the following trades BUY CAD/JPY BUY NOK/JPY SELL USD/NOK SELL USD/CAD
long oil for two targets that shown in the chart. according to the pandemic recovery oil is starting to rise to 52 dollar per barrel.
We have a sell set up for the USD/NOK as higher oil prices support the commodity-linked Norwegian Krone. We look at entry price, stop loss strategies using volatility analysis.
Oil prices are climbing to the Upside as the positive developments for a Vaccine that could be rolled out as early as next month, is extremely positive for the demand outlook for Oil in 2021. We look at entry price, stop loss and upside targets. One month ATR Stop Loss included.
USOIL forming a wedge formation, breakout pending. Super low entry and tight stop for this one.