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Crudeoilwti

NATO countries-Russia Crude Oil CrisisDelicate situation with Crude Oil. Levels are almost to similar seen back on 2008. The price will definitely continue to rise if EU countries and other NATO countries don't find a new partner for Crude Oil. Venezuela and Iran are amongst the preferred choices to solve this crisis, but this could take a couple of months to see action from talks. Meanwhile the price keeps escalating as the pace as the war fought in Ukraine. We're adding more volume on Crude Oil and other commodities such as Wheat, Aluminium and other commodities affected by this crisis. Right now we don't own any stock, but only commodities, and we'll continue to add more volume as long as this crisis keeps escalating. Regarding technical analysis, it's very difficult analyse it from this angle, it's similar to March 2020 crisis, when this things happen, just take a look 1 weekly and 1 monthly chart with RSI and MACD and keep an eye on extreme levels. At any in the coming months we could see a trend reversal. There is no free meal here, and there's always an expiration date on commodities, don't stay there forever.
NYMEX:CL1!
by alvaromroo
3
Crude Oil Start to Reverse from Recent Rally?? Crude oil facing strong resistance level at 76.45. 1. if market broken yesterday low at 75.53, market likely to have short term bearish signal. 2. stochastic level right at overbought level. expected to have reverse action or so call profit taking from recent surged. suggestion trade: Initial short at current level stop loss (resistance level) 76.50 target profit (support level) TP1 74.00 TP2 72.00 TP3 70.00 *DISCLAIMER: FOR INFO ONLY. TRADING CARRIES RISKS* Good Luck & Happy Trading Life.
NYMEX:CL1!Short
by happytrading96
USOIL HTF AnalysisHello Everyone, As you know, Crude Oil took a hit during the early stages of pandemic and became relatively cheap for a while. However, with the beginning of 2021, energy crisis occured around the globe and the whole climate crisis made things a lot worse for both consumers and producers. And still, global energy prices continues to go up. Anyway, let's take a look of technical view of things and the price action of crude oil on 2W charts. Red level had been a great resistance level for a long time and sellers manage to protect this area while pushing the price down, until there are no buyers left, which led to a liquidation cascade back in 2014. And the buyers only managed to push the price up to November 14 levels(which was also a supply level in Weekly tf) and led to another liq cascade thanks to Covid19. Now, buyers again pushed the price to the exact same level and met with selling pressure and deviated around 75-76 price level. If the buyers manage to hold 76.17(for couple of days) the price will most likely visit the gray area first and will be targeting the red line which was the original sell-off point in the first place. However, if the prices loses the green area and continues to close below, that would be a bad sign and the latest attempt will be left as a deviation and the price will likely search for a liquidity around 57.50 lows and then will continue on it's way to other support levels and the blue demand area as well. Summary: In order to continue it's bull-trend, the price should close above 76 and hold above this level. If the price loses the green box that would be bearish. Area between blue box and green box will turn into a small range at first and that won't be not good sign for both bulls and bears as the price will go flat for a while. Which may turn into a suitable area for range traders.
TVC:USOIL
by Stravios