This graph is a representation of my point of you of the futures market. (USD)
Please read the description below carefully We have Scenarios about oil And for now two of them is important ! In this analysis, it is assumed that wave 5 is extended ! scenario 1 : we in wave 4 and the pattern is Triangle ! So after Wave e ( close 93 ) complete, we have an impulse to complete wave 5 ( 140 or above ) scenario 2 : in this scenario, Wave ...
If you haven`t bought the $94 pullback: Then you should know that USOIL in on a bullish trendline for this summer. 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...
On the one hand, there is caution DXY, GOLD and OIL CRUDE retraced, but none broke the weekly supports The fear has probably diminished but has not disappeared. On the other hand, there is optimism NDX and S&P are confirming bullish formations, but the reversal of the main figures is not yet complete.
Oil Price forecast for March 2022. In the beginning price at 107.02 Dollars. High price 139.13, low 90.50. The average for the month 107.13. The Oil Price forecast at the end of the month 91.88, change for March -14.1%. Brent oil price forecast for April 2022. In the beginning price at 91.88 Dollars. High price 91.88, low 84.91. The average for the month 88.72....
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...
USOIL was down 17.40% yesterday in a sell-off caused by the news that OPEC is considering higher production levels. The United Arab Emirates said it would support boosting oil supply because of the disruptions caused by sanctions imposed on Russia after Ukraine`s invasion. President Biden imposed an immediate ban on Russian energy imports. UK would phase out...
If you missed out on the oil and crude plays of recent weeks, this play might be for you. Oil drillers are allegedly feeling the pain of a worker shortage, and drilling equipment shortage. According to CNN , "They can't find people, and can't find equipment," said Robert McNally, president of consulting firm Rapidan Energy Group. "It's not like they're...
I have done it before and took profit from every action. Creating analysis is not easy. that's why please like comment and share, please.
Hi there, As you can see, we got a DIVERGENCE on the HIGHER timeframe on the RSI and PRICE ACTION. PRICE ACTION is rising whilst RSI is getting lower. So We can conclude that a DROP is coming SOON. Our ENTRY will be on MONDAY 3hrs after MARKET opens because we STILL NEED to CHECK FOR FURTHER CONFIRMATION before entering the drop. Our PROFIT TARGET will be the...
Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices rose on Monday as the market began 2022 on a bullish note, with suppliers in the spotlight ahead of Tuesday's OPEC+ meeting, but rising COVID-19 cases dampening...
Look how beautiful this bearish head and shoulders chart pattern looks like! My price target is 57usd. Looking forward to read your opinion about it.
Hey Guys, This is a very similar setup to my Silver trade were they're showing signs of recovery and possible reversal to continue larger trends. Oil has now re-entered the channel it has been in since March and showing great strength busting past the 150 day MA with the trend line. on the on the smaller time frame it has broken out of its Bull Flag pattern so...
The price of oil dropped 13% on Friday (26/11/21), marking the commodities worst single day in 2021. A drop in oil prices this large was last seen in January/February 2020, when WTI was making its way down to unprecedented negative per barrel territory. No one expects oil to veer this low again, but the comparison to 2020 is apt, with Coronavirus responsible for...
USOIL keeps climbing higher. However, we are growing little bit worried that price is too high at the moment. In our opinion it would be healthy for price to correct before further rise. We think that correction could take price as low as 76 USD. In medium-term and long-term we remain bullish , however, in short-term we voice our concerns. We would not be...
Oil Long Setup - 3 Levels 🔵 Entry Level: $82.89 🟢 Take Profit: $85.29 (2.26) ⛔ Stop Loss: $81.83 🔵 Entry Level: $81.21 🟢 Take Profit: $84.35 (3.78) ⛔ Stop Loss: $80.38 🔵 Entry Level: $80.31 🟢 Take Profit: $82.83 (3.27) ⛔ Stop Loss: $79.54 Reasons: 1) I've marked the three levels of interest that I have for opening long orders. I will be monitoring each one...
Who would have thought that WTI Crude Oil will reach once again the 2014 levels, with all this green energy rally in the last few years? What`s next, to see once again Exxon Mobil Corporation (XOM) be the biggest company in the S&P 500? I think USOIL is heading for a retracement right now at 70-71usd levels, and overall forming a Head and Shoulders bearish...
it seems oil choose the blue path , so we could expect 108$ oil soon