Hello everyone,
Oil 4H NEW FORECAST
Oil price trading below 79.60 keeps the bearish corrective scenario active.
Targeting 77.65 as the next target, as it represents the 61.8% Fibonacci level of the previous high.
The effect of the previously completed double top pattern on the price of oil.
Exceeding the 79.60 level and holding above it may stop the downward...
The recent escalation in the Iran-Israel conflict has cast a long shadow over the global oil market. Already grappling with tight supply and high prices, oil traders are now forced to factor in the potential for disruptions caused by the ongoing hostilities. This idea explores the current situation, potential outcomes, and analyst perspectives on the future of oil...
Buckle Up for Black Gold: Hedge Funds Go Long Oil as Middle East Tensions Simmer
Oil Bulls Charge as Geopolitical Heat Rises
The rumble of tanks in the Middle East is echoing through financial markets, with hedge funds piling into long positions on oil futures at a record pace. This aggressive bullish stance is a direct response to intensifying conflict in the...
Exxon Mobil ( NYSE:XOM ) faces turbulent seas ahead as it braces for a dip in first-quarter operating results, signaling a departure from the record-breaking profits of yesteryears. With weaker oil and gas prices, coupled with significant losses in fuel derivatives, Exxon ( NYSE:XOM ) finds itself navigating through challenging terrain after two years of...
Crude oil is currently going through a wave of surges and falls on the weekly trend, but it still maintains its operation on the short-term moving average. Pay attention to whether there will be continued adjustment on the line next week. On the daily trend, the current price has begun to touch near the previous support band, and the downward trend has begun to...
I wanted to bring to your attention the latest trend in the oil market - prices are on the rise due to recent attacks on refineries in Russia.
These attacks have caused disruptions in the supply chain, leading to an increase in oil prices. This presents a great opportunity for you to capitalize on this trend and make some significant profits by going long on...
Prices have pulled back after hitting a four-month high of $83 yesterday on Monday. Russia has increased exports in response to Ukrainian attacks on the country's oil infrastructure. Saudi Aramco CEO Amin Nasser has rejected the idea of phasing out fossil fuels, calling it a fantasy.
Looking at the daily chart of crude oil, oil prices have fluctuated for about...
Hi Realistic Traders, let's delve into the technical analysis of IDX:MEDC !
The current market trend for the stock unmistakably showcases a bullish continuation pattern, marked by consistent upward movement above the EMA200 Line, signaling enduring momentum. At the same time, MEDC has formed a descending broadening wedge pattern twice. In December 2023, this...
The current daily trend of crude oil has still not gone out of the previous high and volatile range. The daily short-term moving average continues to be in a flat state and tends to continue to maintain a relatively volatile trend in the short term. The continuation after the bottom rebound in the 4-hour trend is not particularly strong. The current price is...
The daily K-line of crude oil continues to run above the short-term moving average and continues to maintain a high and strong trend. There is currently no particularly obvious trend in the 4-hour trend. After yesterday's adjustment, it is expected that there will be a rebound trend in the short term. In the small-level cycle trend, after continuous narrow...
Hello everyone. At present, crude oil continues to fluctuate at a high level on the daily trend, and the short-term moving average is basically in a flat state, tending to continue to maintain a relatively volatile trend in the short term. Currently, the 4-hour trend continues to fluctuate at a low level, and the K line continues to be under pressure. The...
In a seismic shift within the energy sector, two major players in the U.S. shale oil industry, Diamondback Energy ( NASDAQ:FANG ) and Endeavor Energy Resources, are on the brink of sealing a historic deal worth a staggering $25 billion in cash and stock. Sources close to the negotiations reveal that this landmark agreement is poised to create a behemoth valued at...
Hello everyone. Crude oil has gone through the war stage and its price has risen all the way from 68. The current resistance is 75.5-76.2 and the support is 73.9-73. You can keep selling high and buying low today.
It has come to our attention that several shipping companies have temporarily halted their operations in the Red Sea, leading to a slight disruption in the transportation of oil.
As you are aware, the Red Sea is a crucial shipping route for oil tankers, connecting major oil-producing regions to global markets. Any disruption in this route can have far-reaching...
XOM has been trading inside a Rectangle pattern since the October 11th 2022 low and just last week the 1D RSI got oversold below 30.000. Now the 1D technical outlook is neutral (RSI = 46.595, MACD = -1.790, ADX = 43.208) but that oversold level was the first buy signal as it took place very close to the Rectangle's bottom.
The second and final validation buy...
USO on the weekly chart over the past two and a half years makes a symmetrical triangle
patter with the upper and lower trendlines drawn in. Price appears to be dropping out of
the pattern in a breakdown and she now yet tested the prior support trendline as resistance.
The Stochastic RSI and Zero Lag MACD are confirmatory. The Relative volatility indicator...
As you are aware, the upcoming OPEC+ member countries to implement potential oil-supply cuts has sparked considerable interest and speculation within the trading community. Today, I would like to draw your attention to the importance of evaluating the compliance levels of these member countries and how it presents a potential opportunity for cautious oil trading.
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