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Oillong

Brent oil (BCOUSD) longI see no reason to short oil. The decision area for me is about $ 23 per barrel, I focus on my broker quotes. I believe that a recession awaits the economy, but we are now closer to the moment of exit from the lockdown and the probability of an increase in oil demand is higher. Asian countries are beginning to come into normal operation, and for them, buying oil at current stock prices is a very interesting idea. Companies engaged in shale oil production are probably close to bankruptcy or a temporary halt in oil production. In May, the first reductions according to the agreement between OPEC and the Saudi Arabia and Russia. I don’t see an opportunity for short. Therefore, I am considering shopping. Be careful, brokers have very high oil swaps now, so it is better to trade futures but only with stop loss without transfer over the weekend! Be careful with this tool!
OANDA:BCOUSDLong
by THG_trader
OIL to $5-4 I was right about the flop from $20 to sub $10 so lets go for 2 out of 2. If you are saying oil is easy to plot and chart right now then your are full of rubbish. We have a huge gap to fill and we all know that gaps get filled. I don't see 0 again but I do see very low. I have plotted a supporting trendline to what I SEE as true...many will disagree. Fibs don't lie and this one wants completing...when dropping down the 15m there are some candle sticks and nice wicks around $5-4 showing a potential are of support. why would institutions long at $10-8 when they know that's what the retailer is looking for?! scare everyone out the market, hit them stops, get the bottom price and then boom. OIL isn't worthless until we become a world dependent on electricity.
TVC:USOILLong
by XHRISTIE
1
$10 per Barrel Oil Prices on the Horizon. With oil breaching critical historical support levels and the OPEC/Russia deal only cutting back supply by roughly 10 million barrels per day, the price of oil is now set for free fall in the next few weeks. From a technical perspective a retest of the $14 price and the $10 price range is getting more probable every day. For long term investors this is an opportunity of a lifetime to make a life changing investment in a commodity that historically has much higher levels of demand in a normal economy. My recommendation is to short anything above $20 and to start slow by closing shorts and opening long positions in the $14 range and buying all dips from there. An eventual retest of $20 when the smoke clears will make short and medium term investors a potential 50 to 100% gain while long term investors who are able to hold for many years may end up enjoying 500 to 1000% gains. I firmly believe that many millionaires will be minted from this debacle in oil prices. Couple this with some exposure to the security that Gold provides in a stagflationary environment and your portfolio will thank you dearly. Just make sure to get out of gold the minute you smell interest rate hikes coming. Leave your questions and comments below!
TVC:USOILShort
by BitBookkeeper
18
USOIL Buy We have a Point of Interest on 1 HR timeframe, that last sell to buy candlestick. That looks like a sponsored candle before that big up move of 700+ ticks. We cleared the EQLs you see on the chart, and now price is corrective and losing momentum. We see too many dojis and spinning tops showing uncertainty. Fundamentals shows us strong that oil needs to get strong, oil companies now are losing money. Stoploss behind the imbalance in case we see more lower prices. I risk 2% on this (big risk) , but the reward will be... Rewarding ;) Let's see!
TVC:USOILLong
by KyriakosKyriakidesOfficial