65% of crude oil demand is derived from gasoline, with economic conditions weakening we are now switching from supply side issues to potentially demand-side issues. Watch for lower levels of demand for Crude over the coming weeks.
Attached below is an update discussing the economic indicators that are weakening. Copper is confirming that this might feed on itself.
Demand remains consistent at 1.5% YoY, the decline was caused entirely by supply-side shocks and record production. From the lows, late last year OPEC has talked up production cuts which would ultimately be the catalyst to rally higher. This is a bullish market, shorting counter-trend is risky so make sure you are managing the risk of the position BEFORE you...
Our wave 2 low from support looks to be holding strong. I believe the wave 3 has started and section 232 tariffs on Uranium as likely to be the driver moving forward. The target for Wave 3 is above $7, section 232 announcement is in April.
Markets are a DISCOUNTING MECHANISM they will discount today what they expect at some point in the future and if that expectation does not materialize the price will correct lower. Over the past few months, OPEC has been quite open about production cuts which would be the perfect recipe to push markets higher. Huge overproduction while demand remained consistent...
Demand is trending at a steady 1.5% YoY, the decline was entirely driven by supply-side shocks. The OPEC rhetoric to cut production is favorable for price big picture but the chart is suggesting lower first into an ideal target of $48.
Oil is likely headed higher over the coming months, but there are many challenges that lie ahead. In this update I breakdown the chart using Elliott Wave and Fibonacci as well as discuss some important global macro factors as well.
Good Morning Traders! I am sharing a short review of Nasdaq, WTI / US crude oil, Gold and EURUSD! Trade safe!
Good Morning Traders! I am sharing a short review of Nasdaq, WTI / US crude oil, Gold and EURUSD! Trade safe!
Good Morning Traders! Raphaël Comte from Traders Profit Club sharing a short review of Nasdaq, WTI / US crude oil , Gold and EURUSD! I will be streaming live at 12:30 PM PST. If you wish to know more about the markets, click on the link below: www.youtube.com Have a good day and trade safe!
Good Morning Traders! Raphaël Comte from Traders Profit Club sharing a short review of Nasdaq, WTI / US crude oil, Gold and EURUSD before the opening of the NYSE! I will be live at 9:00 AM PST with Naeem Al Obeidi, the founder of Traders Profit Club! Make sure to be there if you want know more about the future has planned for us! Hope to see you soon and trade safe!
Hi guys! Lots of red on the market today, what's happening with btc and the cryptomarkets? Let's have a look together.
Hi everyone! Raphael Comte here for a short review of the markets' state before the opening of the NYSE! Live streaming at 12:30 PM PST! Have fun and trade safe!
Hi everyone! The weekend is over and the markets are back. I'm sharing a quick analysis about what we could expect for the day to come on both crypto and traditional markets. Have a good day and trade safe!
The markets are changing and oil is looking weak with this strength in the dollar as of late, so be prepeared for this. My overly bearish view on oil is the retest of the lows USDWTI @26.06 and lower @22.00.
all mentioned in chart kindly have a look and stay with trend
hel all check my view and if any disconnect lamme know
GBP/CAD Short in play. Clean Retest of Support Region. Looking for further decline to 1.7100 If We can sustain A Oil Rally Next week the CAD will appreciate relative to GBP/CAD