Waiting to see if price can hold above 40USD on Monday, then look for a buy signal. The triangle pattern forming looks very bullish. Please also look at my char attached for a long term view on how I think oil prices will develop.
Main items we can see on the chart: a) The price has been ranging between 40 and 35 for several weeks b) Currently, we are observing a bearish movement c) We have a Bullish perspective on Crude Oil with two variations d) FIRST: The price reaches the lower line of the yellow channel, and after that, we have a bullish movement towards the next...
Main items we can see on the chart: a) From the Contracts going to negative territory in April, we saw a huge reversal movement b) Currently, the price is moving between 40 and 35 US Dollars a barrel c) Based on the Support zone the price is on, we are waiting for a retest of it, as the first corrective Structure d) If that happens we will have a...
hey guys, Crude oil reached a current structure high yesterday. Bears started to push during the US session but were immediately rejected on 4H. it looks like bulls are preparing for a continuation. next week pay attention to 39.9 - 40.5 structure resistance area. if bulls manage to break and close above that then we can expect further rally. our next goal...
🇸🇴🥛💪I'm already in in this trade but I see another chance for reenter again while I am going to risk 19 pips and looking reward for 82 pips wow is that Good Guy as I always tell don't take my words serious make also your analysis if they match is good if I'm wrong tell me and drop your comments in the comments below thanks you
-Oil prices have continued their push higher into the end of the week with prices up just over half a percent within Asia. -Prices broke out and retouched the pennant as seen on the chart below before pushing higher to the mid $37 level heading into the London session shortly. -To finish the day will see the weekly Baker Hughes Rig Count at 18:00.
Oil prices within the Asian session today have pushed above the $38 handle for a brief moment as increasing optimism surrounding production cuts by OPEC+ members have spurred increased levels of buying during the day. Markets pushed well higher throughout the day as hopes of these cuts along with production data released during last night’s US session assisted in...
My perspective from Fib retracement. Long position, as oil battles for new highs
You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends push the like button if you like the idea - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your...
Headlines: - EIA Posts Build in Crude & Distillate Inventories Within US - Natural Gas Data Shows Further Build in Storage - US Energy Sector Falls Along with Indexes Whilst Futures in Asia Slide
West Texas Intermediate July month contract has continued its push higher well into the Asian session with prices pushing above the $34 handle. Much of the attention in prices overnight within the United States was the release of US EIA Crude data which posted a higher than expected cut for the week. Furthering this did also hear comments from further nations...
Today has seen the weekly release of the Energy Information Administration’s Crude Inventory data which has come in at a surprise for many market participants. Crude data specifically has been the outlier in the dataset posted today with a larger than expected cut. Data released today has shown a further week of cuts for Crude Inventories within the United States...
Guys, I want to ask, if is this strategy possible for next week after Monday ( like Thursday evening ). From 30.75 to 36.70. Economic in the USA will be better and better next days and weeks and oil will grow. Or what you think about it? Let´s comment, please. have a nice weekend!
Today has the release of the weekly EIA Crude Inventories posting a cut in Crude Inventories of -0.745 million barrels for the week.
Headlines: - Crude Higher in Morning US Session Before Retracing Back to $23 Handle as Optimism Begins to Fade - Natural Gas Falls After Release of Storage Data Posting Build of 109bcf for Week - US Stocks Push Higher with Energy and Financials Leading Whilst Futures in Asia Slightly Mixed Heading into End of Week
Headlines: - WTI Surges Pushing Above $25 Handle as Lockdowns Ease and Demand Begins to Pickup - Markets in Asia Poised for Slightly Mixed Day Despite US Indexes Finishing Higher - Energy Giant Shell Sells Appalachia Assets to National Fuel For $541 Million