I think this is what we are working with here Fam, I'm still long since $37 moved my SL back to $30 thinking to move it back to $28 incase a capitulation wick hits..
If it broke 31.25 it will go up to 50 Other wise go down to 5$
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let me get into some of my key points. AM looks like it has started to break its previous resistance curve and is currently on a bullish run. The demand curve should start going up for oil, so it may have a long potential as well, but...
First off, please don't take anything I say seriously or as financial advice. As always this is on opinion basis. That being said, Frontline as an oil tanker transportation company was bearish recently given a decrease in the demand. The demand curve went down given the time period we are in, which means I am positive for a short threshold crossing that can lead...
I took the long with SL around 1.06 incase this gets ugly but looks like it started to break out already. I think $4.00-$5 is in play
Here's my $WLL H4 update Fam, like I said market top is around 25k #DJIA I am using my $SDOW chart looking for $28 as guidance as to when the top is in. I know $3.30 TP will be hit. Question is can we make it up to $7?
Been saying oil markets due for a nice recovery, the R/R is really sweet. OPEC has agreed to cut production 9.8 MBD. This won't be a quick easy trade but once coronavirus is finally contained OPEC is agreeing to continue its production cuts well into 2021.
Zoomed in on WLL we can see that downside risk is very limited and upside potential is epic. The 200 EMA 4 hour is at $4.34 200 EMA D1 is at $8.55 Price gaps from $28-$26 Price Gap from $26-$24 Price Gap from $14.67-$13.56 52 week high $31 Oil storage facilities will at full capacity by June if OPEC doesn't make supply cuts. Descending Triangle top line being...
This is weekly chart of oil. The price is testing an old support (dating to 2009). If the support holds, we may expect a significant increase of price that may also lift the stock market. If not, further sell-off is likely.
Crude oil prices can hit low $50s if the key short-term support around $57 gives way. The bulls failed to keep the price above $60 despite increased tensions in Iraq, Iran and Libya, three major oil producers.
Hello trader, After we reach all our target before as you can see on the chart, today we have the WTICOUSD (US Oil). As we can see from the chart you can sell with safety when the daily price close below 60.70. And the target as mention with yellow numbers. SL: 66.30 Good luck,
The price of brent crude oil (UKOIL) seems to be moving in an uptrend of late. This is because Saudi Arabia decided to take matters into their own hands and cut production, forcing the market to drive prices up (basic economics of supply and demand!). This is also coming at a time when the whole world seems to have forgotten about the bear attack on oil last year...
Key levels to look out for when analysing Brent Crude Oil , please refer to H4 chart for a strategic view!
This summer and fall will be tough time for retailers and fuel consumers as crude oil prices are expected to rise in the summer season as well. But it seems that 92-93 will be the ultimate historical top price for the years to come as after that point oil prices will be declining next couple of years. It looks like 2021 (latest 2022) will be the time when crude...
This chart correlates heavily with that of the value of the Japanese Yen. This is why we see a deep dive for Yen as it has less supply. Thus, a strengthened Yen against the USD. This is probably why Oil prices increased sharply as it was due to the weakened USD. In the eyes ot 1 OPEC this would be called price stabilization efforts. Although I see them as a clone...
The short price targets: 53.27 - an average of 31 days 52.87 which is the wave 3 support 52.47 Fibo 88.6