In our previous update on West Texas Intermediate crude oil, we updated our price target from long-term to medium-term. Additionally, we stated that this price target could soon become short-term, depending on oil market developments. Today, finally, USOIL hit a new yearly low at 73.62$, further confirming our bearish thesis. Accordingly, we continue to maintain...
Trade Idea: Buying Oil Reasoning: Head and shoulders setup still possible on the daily chart. Entry Level: 86.46 Take Profit Level: 92.66 Stop Loss: 83.43 Risk/Reward: 2.05:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. ...
🟢 USOIL TF: 3D Side: Long Pattern: Bull Flag SL: $76.28 TP 1: $96.58 TP 2: $102.85 TP 3: $109.12 Oil has broken out of the Bull Flag. If the retest is successful it could be a great buy to hold for the coming weeks.
Over the past four months, we repeated that oil prices were peaking and the downside was looming over the oil market. Despite the excess of bullish calls forecasting new ATH for oil prices, we stuck to our bearish bias. Indeed, a few months ago, we set price targets of 100 USD, 95 USD, and 90 USD for USOIL. After hitting the first two price targets, we still...
Today's energy crisis is not a sign of strength of the oil companies, it is rather witness to the fact that the world economy has a very high productivity, still partly based on fossil fuels, but now moving towards properly renewable and alternative resources. I believe that the tops we will reach in the next few months will only accelerate the transformation into...
The price of Crude Oil exceeded my expectations, which weren't low either: With all this unprecedented demand for travel, i expect the price of WTI to be at the $125 level this summer. Looking forward to read your opinion about it.
These are levels that I'll be keeping an eye on when dealing with USOIL, and I'll revise as price action progresses. I adapt to the change in money flow. This is a representation of greed in play when it comes to oil. However, I do believe in the coming months things will get very interesting due to price action's placement in the market, things that have taken...
This graph is a representation of my point of you of the futures market (USD).
OIL_BRENT is trading in a narrwing wedge And will soon retest a horizontal resistance at 112.45 A bearish move down will follow However, IF the resistance is broken to the upside The setup is invalid
If you haven`t seen my last post: Then you should know that Crude Oil is in a bullish trendline with a price target of $125 by the end of this summer.
I have a bullish outlook for oil in the coming days and expect $ 111 to be $ 118 and then $ 127 to be the next oil targets.
More than a week ago, we warned about potential EU's ban on Russian oil and the risk it poses for the higher price of oil. We suggested that this step would lead to higher prices of oil in the short-term. Just two days ago, Germany was reported to back a gradual ban on Russian oil. Because of that we abandon our short-term and medium-term price targets. Although,...
OIL Crashed Gonna Down side Long Term SetupFrom SAN BULLSFX Team By AQIB JUTT
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....