hey guys, potential harmonic bat pattern is forming on WTI. what I like about this pattern is that its D point is lying perfectly on the current structure low = strong support. our buy zone is between 19.2 - 20.3 from this area, we will expect a pullback to at least 23.0 / 25.3 levels safest stop: 18.15 p.s harmonic bat formations have a 55%...
This week’s numbers have shown a build of 38 billion cubic feet for the week which does constitute for a build of 1.91% in total storage within the United States.
Headlines • EIA Inventories Post Higher Than Expected Crude Build of 15.177 Million Barrels • Oil Surges Above $26 Handle as Optimism of Global Production Cuts Increases • US Equities Gain as Energy Sector Leads Indexes Higher
Headlines • Crude Retraces Some Losses in Asia Finishing Higher • US Energy Giant Exxon to Cut Capital Spending by 30% Heading into 2020 • S&P Lowers Australia’s Sovereign Rating to Negative as They Expect Country to Enter Recession
brent is on the key 4H structure. due to a long term bearish trend and breakout of a minor support on 1H, I have shorted the retest as the market opened! my targets 30.2 27.5 stop 34.7 this is the example of the execution of h&s trade, apply the same rules on gbpusd in previously mentioned setup
Headlines • Crude Falls in US Session Down -7% as Debate About US Production Cuts Increase • US Equities Surge as Virus Toll Begins to Subside Seeing S&P500 Up 7.03% • Norwegian Energy Giant Equinor Announces Discovery in Monument in the Gulf of Mexico
Headlines • OPEC+ Meetings Postponed till Thursday, However, Sunday Brings Comments Regarding Backing of Proposed Cuts • Crude Gaps Lower Monday Open Falling Below $26 Handle • Futures in Asia Mixed Nearing Monday Market Open
Headlines • Crude Consolidates in Asia as It Retraces to $24 Handle • Natural Gas Continues its Monthly Run of Inventory Cuts Showing -19bcf for the Week • US Futures Down Whilst Asian Stocks Finish Lower
One more wave DOWN is needed to complete the full downward movement.
good morning guys, confirmed structure breakout on wti: 4H candle closed below the level and the price is surely trading below that for quite a while. I want to short oil from 21.9 level expecting the retest of the current low and continuation to 17.5 level. I have a limit order placed: my stop - 23.7 stop to breakeven after 20.0 level! good luck!
Traders, Last time I mentioned that on 4H timeframe a breakout was getting cooked up. The market tried 20sma but failed. However now it is trying again. So far t has been holding the support. So lets see what news and fundamentals do the USOIL. Support and motivate me by hitting the like button, subscribing to my channel and sharing this analysis with other...
Headlines: • API Data Shows Increase in Crude & Gasoline Stocks Whilst Distillate Posts Cut • US Consumer Confidence Drops but Beats Analyst Expectations Posting 120.0 • Asian Futures Slightly Down Along with Crude as Indexes Fall Within US
Headlines • China Beats Expectations Posting Expansion in its Manufacturing PMI Data for March • Shell Pulls Out of Lake Charles LNG Proposed Project as Expenditures are Cut • Crude Surges During Asian Session Up 5% as Oil Recovers in Asia
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Headlines • Heating Oil Bounces Off 1.1000 Level Before Retracing Lower • Gasoline Surges Above 0.60 Level Posting +12% Gain in Asia • Petrobras to Cut Production & Reduce Capital Expenditures in a Bid to Off-Set Virus Impacts • US Futures Retreat in Asia Breaking Weeks Uptrend
Headlines • US Senate Passes $2 Trillion Package to Assist in the Fight Against the Coronavirus • Energy Giant Shell to Cut Capital Expenditures By $5 Billion Into End of Year • Crude Sees a Quieter Session in Asia Down Slightly -1.27%
Headlines • Santos to Delay its Barossa Gas Project Amidst Falling Prices • Freedom Oil & Gas Falls Victim to Oil Plunge as They Move into Voluntary Administration • Equities and Commodities within Asia Surge as Positive US Session Rolls into Asia
Use this as a guide to develop your view of the chart. Main items we can see on the Monthly Chart: a) In general, we do not use the monthly chart, but in this case, we need it due to the extreme volatility we have on the markets and the need to put these movements in context. b) We can see that the price is on the lower trendline of a possible triangle...