BUy the dip. OILD target 11 USD by May 2023. Not a investment advice.
Commentary: WTI crude: The sharpe sell-off on November 28th may have strengthened the case for further weakness in the short term (5-25 days), the November 28th opening at $76.60 and intra day low at $73.93 followed by a closing price which was below the previous day’s high (November 27th) could be confirmation for a resumption of the November 7th - November...
The chart shows the downtrend. After breaking for the second time the support of 87, it will test 86. We will see if it bounces towards 90 or we go to 83 Technical analysis: daily time frame The RSI is bearish. DISCLAIMER: This review is not intended to encourage the buying or selling of any particular security. Furthermore, it should not be the basis of any...
Let's be practical. There's 2 ways this can go. (refer back to my 19.4 update about the slip we see in the last few days) 1) Triangle consolidation since the peak of 128 back in March is with a 102.90 resistance level. A breakout above with a daily candle close confirms up-trend breakout and 105, 108, 115 would be immediate possible targets. 2) A breakout...
NATGAS BUY TP_2.139_18.24%_0.330pips_SL_1.699_6.08%_0.110pips
We should expect to see oil drop. We are approaching almost oversold conditions (RSI), Stochastic is showing the cycle is coming to an end. It's a safe bet we will retrace to the nearest Fib level, which is currently at 61.01/bbl. Time frame: end of September of 2019 into the winter months. This trade is aligning off my prior trade I posted in February for July...
TVC:USOIL Shorting oil with take-profit target of 50.348 and a stop loss of 52.938. According to the daily chart, oil topped and retraced from R1 resistance in classical pivot points, it hasn't been able to close above this resistance and a major candlestick suggests that, for the short term, oil won't surpass R1. MACD is algo turning bearish, its histogram is...
This is what I see in the future of oil prices Price falls in the long run Why?-How? There are so many things Factors and non-core factors can be mentioned ------------------------------------------------------------------------------- Of the non-core factors that are at the bottom of the price starting Coming new technology for future New fuels in the next few...
This is what I see in the future of oil prices Price falls in the long run Why?-How? There are so many things Factors and non-core factors can be mentioned ------------------------------------------------------------------------------- Of the non-core factors that are at the bottom of the price starting Coming new technology for future New fuels in the next few...
Yesterday oil hit the very important level of support, which is the reason for recommendations for its sales in itself. We’ve already noted that October was the worst month for oil over the last few years, what was linked both with an increased supply in the oil market and the slowdown in the growth of demand for oil in the world. According to the start of...
Oil continues to be under pressure and it is well-founded. The last day of October ended for the oil bulls on a minor note, as, indeed, the entire month. By the way, the outcome of October was the worst one since July 2016. We’ve already announced causes: oil producents are gaining the production when the demand can’t keep up, and overall expectations in markets...
Oil continues to experience difficulties, and its prices are in the lowest values in the last couple of months. On the factors that pushed prices up in September, oil no longer responds. We are talking about US sanctions against Iran, as well as the continuing economic depression in Venezuela and a significant decline in oil production in the country. Instead of...
Yesterday oil reached its minimum in the past month. It happened amid the information from Saudi Arabia that the country made a pledge to compensate any shortage of oil in the market associated with the US sanctions against Iran. In fact, we are talking about a sharp increase in the production of Saudi Arabia. Which in turn, could trigger a new round of struggle...
There is a TOP at BRENT OIL price - 79.33 Last couple of times at same levels we got one of best entry poinst that gave us more of 8$ drop down of price! Looks good to get in to SHORT positions and make some more money before christmess
Today, the indicator "Kenji" on the daily OIL chart generated a sell signal. Let's give some explanations on this signal. This is the ordinary signal to open the trade with a basic volume . According to the indicator, the price of OIL is currently in the active downtrend phase (the area between the fast and slow average is colored red). At the same time,...
Despite the fundamental breakdown that brings the results of the last meeting of OPEC to the oil market, investors and traders do not have time and opportunity to reevaluate their views on market conditions due to a number of events affecting prices on the oil market. Last week, we already talked about the fact that the shutdown of the oil plant in Fort McMurray...
The white strip for oil seems to have ended. Not a day passes without negative news for oil buyers. Last week ended on a rather minor note - the number of active oil drilling rigs in the US rose again (albeit very slightly, but this was the 11th consecutive week of growth) and reached its highest mark since early 2015. That is, American shale continues to grow....
Although this might take a bit long, but this is how it is likely to move according to my analysis.