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Oilprice

Oil: Thoughts and Analysis. Resistance Continues!Today's focus: Oil Pattern – Resistance re-hold Support – $77.21, $76.30 Resistance – $78.85 Hi, traders; thanks for tuning in for today's update. Today, we are looking at Oil on the daily chart. Today, we have broken down how we see price and key levels. Once again, we have seen resistance re-hold and a new move lower after tests failed. Will we see a new move lower traders as we have seen in the past after buyers failed to break resistance? Or will we see the current trend hold and a new test and break of resistance eventuate? Good trading.
EIGHTCAP:USOUSD
by Eightcap
CL1 CRUDE BRENT OIL- IS OIL STILL A GOOD TRADE ?Oil may be in a reversal now or going through corrections as the markets get use to the the Russian Invasion in Ukraine. I don't believe that US and NATO will be successful at imposing oil embargo sanctions on Russia. Therefore I am bearish and will be shorting oil etfs.. Give me a thumbs up if you enjoyed this TA, PS. Disclaimer I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this TA,(Technical Analysis) are for informational purposes only and do not constitute financial, investment, trading, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using or reading this technical analysis or site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this analysis, or post.
NYMEX:CL1!Short
by CryptoBuzzAnalyst
Long Vision on OIL for july and augustHello Dear Traders, We can see the crush that happens this week for oil prices is due to the disagreement in the OPEC meeting for August production over the oil production where UAE want to increase the oil production and the market disruptions due to the coronavirus number of cases in the UK, Singapore... Maybe, OPEC + tomorrow's Meeting will give some good news about oil production. You find in this video my analysis for OIL, which is near the buy zone. I expect the price to rise more and more till the end of the year where we can touch 90$. According to my set of rules, in the H4 frame OIL will rise to 72 . Our Weekly Goal is 73.3. So we are looking for a pullback to repeat what we have marked up and executed over the last few days, demand is still there. Simply looking to buy the dips effectively, the bullish trend still here since April 2020. Currently, OIL is moving towards the support level of 66.5 from this value we are looking for short-term buying opportunities of OIL. Good Luck and enjoy your Bullish Market. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
TVC:USOILLong
by HugoAJROUCHE
CrudeOil Bullish Structure ConfirmationHere we go again! Crude oil's super mega uptrend looks to continue! Last time we saw a trend like this was 2009, and it's a long time coming after the major declines in 2014. Quick summary why I'm bullish in the next weeks: 1. Overall bullish trend 2. Consolidate and form a higher low 3. Failed breakout lower, breakout higher My next target is 75.50, and if we really move then 80 and 90 are still possible. The announcement of OPEC's higher production limits this Friday potentially puts a limit on the overall trend. Higher production with relatively constant demand (I mean we didn't just start needing 600k/day barrels more oil overnight) should weaken price. Will need to see this in the charts before I give it much weight. So what do you think? Am I crazy to be so bullish? We've already moved so far...will it keep going? Share with me your charts, ideas, and comments! Love to hear other traders opinions! Peace, love, and sweet bamboo, tbp Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
OANDA:WTICOUSDLong
by TheBadPanda