Look for buy setups! Maybe hold for even longer since we are literally at the BOTTOM of oil ;)
With the USA gradually lifting restrictions on Covid-19, the wheels of industry will soon be turning again. And what greases those wheels? Yes - OIL . A glance at the Monthly chart on BCOUSD shows a very pleasing end of month long-legged doji - a sure sign of indecision. Add to this the bounce off the WPP mid-pivot and everything says BUY!!!!!. I'm in at 23.82...
The current low is highlighted with the green square that shows potential trade setup projections for the upcoming couple of months before this contract's expiry.
OIL BUY TP_42.20_87.23_19.66pips_SL_19.65_12.81%_2.88pips
oil still under pressure and searching for bottom... after this economic turmoil , oil price can run for historic highs in 10 years. good luck.
The big fall of oil price is now moving in consolidation. If the price will breakout a 4H trendline and minor resistance area, then the price will go in bullish move
OIL BUY TP_53.38_6.84%_3.418pips_SL_49.39_1.14%_0.572pips
expecting oil price to recover. target : 85$+
Hello traders, Sorry for the mess, but here's my analysis for crude oil dd
"The Company consists of the upstream businesses of Exploration & Production and Gas & Power and the downstream businesses of Oil Products and Chemicals. It also has interests in other industry segments such as Renewables and Hydrogen." right now Shell currently offers the highest dividend yield among the oil majors, at 6.5%. Moreover, that dividend is...
OIL BUY TP_65.46_13.13%_7.598pips_SL_57.24_1.07%_0.621pips
US CRUDE OIL long in short term: - The price is at support zone, and I think it didn't break this support, in short term, so this is a good entry for long positions
OIL HEAD AND SHOULDER NOW RIGHT SHOULDER BUY TAKE PROFIT 58.00
Oil has been making a decent trending higher high and higher low. The price has formed a nice cup and handle structure which might see it target the 66 dollar per barrel price tag.
From a technical perspective oil is bullish and a break of the resistance 53.8 will confirm continuation of the bullish trend.
I think it will make a long term exit from the moment the transaction entersI wish you plenty of earnings