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Oilforecast

USOUSD OIL BULLISH TO 24.68 to 32.88| 5th May 2020"How Malaysian people can predict the oil price accurately? This is the long lost technique which I learn from my father. Japanese people expert at rice price Malaysian people expert at oil price. We are an oil producer since generation. Alas, not many Malaysian people know it.." -Zezu Zaza Oil Webinar on 28th April 2020 8 years ago, when I started the journey seriously in being trader (your job is to buy and sell price), my dad asked me if I want to learn an ancient technique. A technique which not people know because not all people being in the oil industry at that times. Well I said, 'Yes of course I want to learn the secret..' I said like being skeptical on how he really can know the secret of oil price traded. I mean for a second I was like dont very pay attention about what he told me. That times I was like 24 years old. Very novice, juvenile and smell like nothing in my head. Now I am 32 years old. Old enough to experience the trading like 12 years experiences just only to watch the price daily for 12 years. Market price is my netflix. 'Well son, I learn from your grandpa. He taught me something that people like us need to know but our races won't appreciate it because they don't know how important really is.' My father sipped warm coffee. That time felt like peace with breeze air from outside of our village. (Back then poor people don't venture into the oil price trade) Since we are a family which trade the price, we must know all the technique. How to trade oil, how to trade gold, how to trade wheat. And all of this traded instrument were totally different on how to trade it. But younger generation nowadays hit everything on its path. They think they know everything and trade the same. Old people from our time is really good than people in your time. All your gadget, indicator makes you stupid. Things that comes easy, human wont strive for the success to dig the knowledge. They prefer the indicator to tells things while indicator is a lagging coding after price and momentum makes its turn. I hear his mumbling bla bla bla and bla like 1 hour. At one point, what he said is true. I cant denied. Then he off his tobacco cigarette and sipped the coffee. He show me something which I truly remember until now. He draw a chart in one piece of paper... Then I saw something huge. Something that people need to know. The secret is so huge to hide. I was amazed with the prediction. The price is like a battleground of a chess. I stood hard to digest on every single details he told me... To be continue.. Regards, Zezu Zaza 2048
TVC:USOILLong
by Zezu_Zaza
5
The Roller Coaster is really getting Excited OIL.. Some of 30% BIG trader are not in the trades now. They changing instrument of trades now, the reasons still unknown. That's rumors from other traders. Back to the market watch, the trend is really pushing hard to force the resistance. I don't really understand why.. but I do understand oil is one of big sources of economy. Since that lots of the countries are trying to reopen, some activity will seen. My forecast trade for today, the market trying to pushing higher up to 18.18 region.
TVC:USOILLong
by SL-Trades
2
The bulls are trying hard. Even the crude storage is full, the demand is low.. But one thing that I've noticed that, the American will not give up with their economy to perish and slumping down. They will take action to fight against it, and make any things to save the economy. President Trump was a great investor and business man. He know what to do, and adjust where he can. I really admire him, the way he thinks an manage the economy. Plus, the contract will be renew in few days, and it will bring the price higher than expected. The week before, there is nobody aware and notice that the contract expired and plunge the oil into minus price. And today, they already know and re branding the skills and take action into it. My perspective in this coming days is looking for uptrend trade. In the nearest trade I will looking for resistance profit take. Be aware that the weekly candle is still bearish. If you like my analysis, please do like, follow and comment if you have an idea. PLEASE BE AWARE ... ALL PROFITS AND LOSSES IS AT YOUR OWN RISK !!
FX:USOILLong
by SL-Trades
4
The Iceberg Support breaks ?Hello dear traders, Hoping that everyone is just fine.. Yesterday was a nice trade, but the US session is getting smart and make a wise steps. Of course the country need to save the economy, or getting more worst. But, the demand of OIL still far than before. And lots of countries are full loaded of oil storage... As the Asian market is still weak, not really strong... the declining market sees more often. The iceberg supports maybe will be broken in a few hours. Trade is active and looking forward 11 region.
TVC:USOILShort
by SL-Trades
The roller coaster is slips..The trade bring the oil market drifted back down. As they trying to fill up the pipelines as a storage, It may not implement as soon as possible. It takes months to create and manage the project. They said stop the rigs, shut down the drilling .. but that is not an easy stop like a car, can switch off and off within a seconds.. Back where I was, as an oil & Gas workers, I understand what the process it may takes, the producers, and hard tough work. The daily operation of drilling can not shut down fast, it takes times, or the machinery will broken or worst will exploded. Back to the trades, We've forecast the price will continue to plunge this week. Set tight with your trailing stops, and renew trades if where is needed. This is just a forecast trade and educational only. Please take serious, that profit or loss is at your own. If you find this is helping you, please like, follow and comment if you have different ideas.
TVC:USOILShort
by SL-Trades
4
Oil Futures: $35 Target (Huge Coronavirus Investment Potential) Basic economics is the supply and demand curve. The United States is at war with other countries for catching up on oil supply, so the constant need for production even during pandemic times leads to a surplus. The demand curve for oil though is at one of its lowest, given we need to literally all stay home. This leads me to believe that the huge price crash was time related, and extremely indicative of a panic sale. Take what I am saying as an opinion and not face value (as always), but my advice is that there is huge potential for a positive correlation wave or bullish price increases after the demand curve stabilizes. This could be a week or two, or maybe even few month, but this is an extremely short futures trading strategy given you could conservatively potentially see a doubling in the futures price with medium risk. Again, just a hypothetical, but I would keep a close watch on oil futures and indexes. Please don't take what I say seriously or sound i.e. hypothetical risk disclosure, but this gives you something to think about.
ICEEUR:WBS1!Short
by gamer456148
Expect Oil To Fall Sharply For June ContractsHi traders. It is very unlikely that oil supply and demand will change in the short term. There appears to be no apparent supply cuts in order to support the oil price. Buying volume also appears weak in the short run. Only rising tensions with Iran could possibly cause USOIL to push higher. As a result, as the global lock down will not halt suddenly resulting in back to normal economic activity, I would expect to see sharp oil selling as the contract comes to a close. Like & drop a follow if you agree! Note: DO NOT FOLLOW THIS TRADE BLINDLY!
FX:USOILShort
by TheFinancialTRDR
5