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Brent-wti

USOIL is looking overstretched, correction can comeTraders, USOIL has been breaking all short opportunities and is very over extended. Watch USDCAD for clues. If and when USDCAD will start to rise there are chances that will start to fall. There is a pattern there and it can fall any time. This fall will be sudden possibly based on some sort of news event with careful planning of their geopolitical agendas. Rules: 1. Never trade too much 2. Never trade without a confirmation 3. Never rely on signals, do your own analysis and research too ✅ If you found this idea useful, hit the like button, subscribe and share it in other trading forums. ✅ Follow me for future ideas, trade set ups and the updates of this analysis ✅ Don't hesitate to share your ideas, comments, opinions and questions. Take care and trade well -Vik ____________________________________________________ 📌 DISCLAIMER The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only. Not a financial advice or signal. Please make your own independent investment decisions. ____________________________________________________
TVC:USOILShort
by vikinsa
2
Brent: forecast for Sept 27 - Oct 1There was no negative news for the oil market following the September Fed meeting. Interest rates and asset purchases remained unchanged, although the rhetoric continued to escalate. In particular, the Fed announced its readiness to make a decision to start cutting the asset purchase program at the next meeting. Additionally, an increase in expectations for the level of the base rate in 2022-2023 was announced. Consequently, buying priority remains, but at the moment it is risky to get into a long position. The price would be corrected. From the very beginning of the week, the instrument may start its downtrend movement. It will be much more conservative to wait for oil to approach the resistance line of the ascending channel and try to sell around the level of ~ 78. Buying mood for gas and coal, as well as the expected deficit in the oil market by the end of the month, would continue to support oil prices. The trading instrument, taking into account the expected correction, would remain above $ 75 per barrel.
FXOPEN:XBRUSDShort
by TradePlus-Fx
1
USOIL - BRENT - WTI : Will it ever pass 76$ this year? Maybe ...This is my idea for Oil Price movement until year end. Half way from Tech Analysis and Fundamental WE WILL TAKE IN CONSIDERATION Price History Some Political / Economical rumors / idea Weather incidence General Market Stock Price PRICE HISTORY 2019 Average prices between 50$ and 65$ (15$ movement) 2018 There was a small Pump but from September with Big Stock Drop also Oil dropped with from 75$ to 44$ (about 30$ lose) 2015 -2017 Average prices between 42$ and 52$ (10$ movement) 2015 Oil dropped from 107$ to 45$ (over 60$ movement within 6 month) (check EXPLANATION / GLOSSARY below) 2011-2014 Average prices between 85$ and 105$ (20$ movement) (Post SubPrime Real Estate Crisis) 1970-1980 Oil price peak from about 3$ (about 10$-15$ today) to 35$ (about 110$ today) (we analyze later why) IN DEEP... For your price prediction this news/rumors/idea must be taken in consideration China and India says they will use SPRs Reserve to avoid Oil price to go Up any Further (reads : if Countries opens SPRs, OIL price drops ) Biden called China for "economical agree" (does it ask to wait to open SPRs reserve? Maybe) Warehouse Shortage (stock supply, goods etc) where drained of by an hungry "buy everything frenzy" during Lockdown. To keep update with demand it is needed to accelerate production (isn't it quite impossible because of "bottle neck" everywhere??). If OIL price go up over reasonable area no-one will never be able to produce goods. Biden asked to Opec to rise Oil Production on September. More OIL means drop in Oil Price. Opec not responded clearly (are they trying to keep price high?) There are some rumors about a law for a credit of 12500$ for people that will buy USA EV Cars within 10 years ( shift to Renewable Energy means less OIL request, more Oil stock available, price drop ) After 1970/1980 crisis, America know very well what means to not have Oil Reserve and to manage a real high price Oil Supply. If they aren't completely foolish, no one will permit price to rise over a reasonable prices. Too risky. From September to November Hurricane risk is high. Usually a lot of traders bet for Oil price rise if some production area go down for some weeks. MY IDEA This is my idea, not a financial advice. I believe that Gov will not let OIL price to rise over certain prices. We need to restart economy, to avoid collapse, and a low Oil price will let Industry to regain capacity. If weather doesn't make damages, oil can stay low. Industry cannot give another future Up Shot to Stock Market. There are few good to sell this year, expectation for very low gain. When there are drops on Stock Market, also Oil drops (check 2015 and 2018) China & India (and maybe other countries) will for sure open SPRs, Oil prices will stay low until needed. OPEC forecast is not so great for this year, so we can expect lower production but also less ask. Likely price can go down to 60$ or even lower until (maybe) March 2021. IDEA 1 Prices will stay in 60$-65$ IDEA 2 Price will follow an "likely" Stock Market downtrend Until December (see some historical drop similar to Covid, like 2018 drop) IDEA 3 Price will drop on longer period until spring, when lower gains or losses will be revealed around a lot of sectors. Also I've insert a probability of prices rise for short period to 77$ (this happen on 2015 and 2018...15-30 days of delay from Stock Drop) IDEA 4 Price will drop until Late December to 50$ area. EXPLANATION / GLOSSARY SPRs : Strategic petroleum reserves, crude oil inventories (or stockpiles) held by the governments of particular countries or private industry, for the purpose of providing economic and national security during an energy crisis. Those were created after 1970-1980 Oil crisis. 1970-1980 OIL CRISIS : Oil prices start to growth when American, Germany and other countries production capacity start to collapse. High demands for Oil Import rise the prices too much (from 3$ to 35$ is like 10$ to 110$ today ... wait... in 2020 prices go from 20$ to 77$...). This Oil supply request arrived at collapse... 2015 Oil dump : After SubPrime Real Estate crisis, Economic world start a run to rise everything to new levels. Ask for every type of goods was high, production same. Oil rise because of very high demand. Trend was so happy that Oil Supply reached the Over Supply. (every sector was saturated by extra good)... and OIL prices suddenly crashed from 107$ to 45$ (no more demand) That's all folk. Remember this is not a financial advice. Maybe I've missed out some ideas...but to write this article took about 1.5hr. If you like it (and earned something with this ideas) you can consider to donate something to Paypal or Crypto Wallet. This will let me to write other consideration on stock market. Thank you a lot
TVC:USOILShort
by STABLECOINS_GURU
GBPUSD: at a crossroadsAnd so, the instrument is located between the levels 1.42100 - 1.35690, which, respectively, are the key lines of resistance and support. The medium-term movement of the GBPUSD depends on these levels. At the current stage, there is a suspicion of the formation of a "triangle". Most likely, the price will be within the limits of this (possible) formation. In another variant, it is also probable that the price will break out of these boundaries today and go to the level of 1.40040. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
5
USDCAD: launch upAnd so, given the strength of the US dollar at the moment, as well as the fact that oil prices are likely to decline in the near future, the Canadian will weaken. The 1.26320 level is a good starting point upwards. The first expected target is located at the level of 1.27339, then, potentially, nothing should prevent the price from reaching 1.284460. Remember, there is no place for luck in trading - only strategy! Thanks for the likes and comments.
Long
by UnknownUnicorn15614419
7