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Crude-oil

USOIL potential for bullish momentum! | 14th March 2022Prices are on bullish momentum and abiding by an ascending trendline. We see the potential for a bounce from our buy entry at 103.9 in line with 61.8% Fibonacci retracement towards our Take Profit at 113.5 in line with 50% Fibonacci retracement . RSI is at levels where bounces previously occurred. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:USOILSPOTLong
by FXCM
USOIL further bullish continuation! | 3rd March 2022Prices are on strong bullish momentum. We see the potential for further bullish continuation from our buy entry at 108.95 in line with 23.6% Fibonacci retracement towards our Take Profit at 115.55 in line with 200% Fibonacci Projection . Our bullish bias is further supported by prices trading above our ichimoku clouds . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:USOILSPOTLong
by FXCM
1
USOIL H4 Potential Bounce | 28th Feb 2022On the H4, with price moving above the ichimoku cloud , we can expect bullish continuation from our entry at 90.72 in line with 78.6% Fibonacci retracement towards our take profit at 99.74 which is a strong resistance and in line with 78.6% Fibonacci retracement . Alternatively, price may break entry structure and head for stop loss, which coincides with the horizontal swing low support at 87.78. 4 hours ago Comment: Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
FX:USOILSPOTLong
by FXCM
WTI BULL March (initially Bear or sideways)26/02/22 FORECAST FOR WEEK 1 MARCH 2022 = NO CLEAR CALL COMBINED FORECAST FOR MARCH 2022 = BULL (with an initial bearish start) DAYS WEEK 4 OF FEB FORECAST = BEAR = INACCURATE PROBABILITY FOR WEEK 1 MARCH = NO CLEAR CALL POSSIBLE This week was fairly neutral, until Thursday when a significant shooting star formed. The volume towered over all previous volumes, very nervous investors due to war. Friday's volume smaller, candle formed a spinning top. Next week has a good probability of being indecisive. OBV is very bullish. WEEK WEEK 4 OF FEB FORECAST = BEAR = INACCURATE PROBABILITY FOR NEXT WEEK = BEAR or Sideways Large shooting star, a bull with exceptional volume. Previous weeks had tails rejecting move to the south. Overall week trend looks to be stalling. OBV is trending north, with this, it may indicate a stronger momentum at play. Based purely on the price action path of least resistance says a few more bear candles are to come. No call for a reversal at this point. MONTH FORECAST MONTH = BULL Sizable bull candle body with 1.2 times tail to the north. Clear of the previous resistance level this chart is now bull led by their influence. OBV now trends BULL another confirmation of a BULL dominated influence. The chart looks to have commenced a BULL rally. ============================= FEB WAS BULL = ACCURATE JANUARY FORECAST FOR FEB 2022 = BULL
OANDA:WTICOUSDLong
by eatmycrispypotato
Brent Crude - $100 in sightBrent crude came within a whisker of $100 today for the first time since September 2014 before profit-taking kicked in. Will it eventually capture this level? There's been a number of times in recent months when $100 oil has been thrown around like it's a case of when rather than if it will hit that massive psychological level. The shortfall of supply from OPEC+ which continues to fail to hit its targets by ever-widening margins, combined with stronger than expected demand has created a very tight market and with no end in sight in the near term, the price has been naturally rising. November offered temporary reprieve, initially from the US-led coordinated SPR release as various countries sought to address the imbalance and lower prices, and then from the emergence of omicron which had a far greater impact. Once the threat of omicron was deemed to not be too great, the price started climbing again and it hasn't really stopped. The crisis now in Ukraine has just added to the rally, with traders now pricing in additional risk premium in the event of Russian supplies being hit. This brings us back to the initial question, will it surpass $100? There doesn't appear to be any lack of momentum, despite the price rallying 50% from the December lows. That was starting to emerge but the escalation at the Ukrainian border has seen that reverse. In terms of how far it can go if it does go above $100, that depends on what happens in Ukraine, not to mention if a new nuclear deal is signed between the US and Iran that could quickly see 1.3 million barrels per day back in the market. The next test could come around $105, where it saw plenty of activity almost a decade ago. The key will be the events on the border but in the meantime, momentum indicators could give us an idea of whether the break of $100 will accelerate the rally or not.
OANDA:BCOUSD
by OANDA
Crude Oil Approaches Key 90 Mark, but RSI Warrants CautionCrude oil is showing multiple Bearish RSI divergences, but the fundamentals -- which take precedence (IMO) -- e.g., OPEC spare capacity, Ukraine, increasing demand, etc., appear increasingly bullish. EIA inventories due out this week show an expected build of 962k barrels, according to Bloomberg. That would mark the third week of storage increases for WTI, but Cushing, Oklahoma, stocks have seen a corresponding reduction. If prices continue to increase, the 90 psychological level may offer up some resistance.
TVC:USOIL
by Thomaswestw
2
CRUDE OIL Bearish Bias! Sell! Hello,Traders! CRUDE OIL is in the strong uptrend And is going up almost without pullbacks So I think the commodity is oversold But there are no horizontal resistance levels nearby So I use a confluence of the two rising resistance lines As a potenital point from where we might see a bearish correction on oil And I will be watching this price level with interest Looking for the reversal clues Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
TVC:USOILShort
by TopTradingSignals
16