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USOIL WTI Crude Oil TrendlineIf you haven`t bought the $94 pullback: Then you should know that USOIL in on a bullish trendline for this summer. UBS laid out three reasons for its $125 USOIL this summer: 1. Russian oil exports hurt by sanctions, which will further tighten global supplies. 2. Spare capacity brought in by OPEC is less than 2% of global demand. 3. Global oil demand still heading for record highs with Europeans and Americans returning to normal travel patterns once COVID-19 restrictions are lifted. Looking forward to read your opinion about it.
TVC:USOILLong
by TopgOptions
3
Front Curve Crude Light Volatility: Mar'22/Apr'22Upside vs Downside interchangeably for short or long risk exposure at current flat front CL1! price. The IV stands at 73%, which is more conservative than the highlighted risk profile. Not a tradable setup; just for reference timeframes when looking for a bias. The median line, from which the % change is measured, is derived by using the Inside Pitchfork tool; it is the least inclined from Pitchfork tools, provides a less aggressive slope for the long term outlook.
NYMEX:CLK2022
by Zoen_Trieste
BCO LONG OIL WTI LONGOil Price forecast for March 2022. In the beginning price at 107.02 Dollars. High price 139.13, low 90.50. The average for the month 107.13. The Oil Price forecast at the end of the month 91.88, change for March -14.1%. Brent oil price forecast for April 2022. In the beginning price at 91.88 Dollars. High price 91.88, low 84.91. The average for the month 88.72. The Oil Price forecast at the end of the month 86.20, change for April -6.2%. Oil Price forecast for May 2022. In the beginning price at 86.20 Dollars. High price 92.91, low 86.20. The average for the month 89.21. The Oil Price forecast at the end of the month 91.54, change for May 6.2%. Brent oil price forecast for June 2022. In the beginning price at 91.54 Dollars. High price 98.68, low 91.54. The average for the month 94.75. The Oil Price forecast at the end of the month 97.22, change for June 6.2%. Oil Price forecast for July 2022. In the beginning price at 97.22 Dollars. High price 104.80, low 97.22. The average for the month 100.62. The Oil Price forecast at the end of the month 103.25, change for July 6.2%. Why Oil Crashed Back Below $100 After a torrid three-week rally, energy markets have entered correction mode, with prices moving sharply lower. Over the past week, Brent has slipped 30% from the 7 March intra-day high while European gas prices have declined 65%. Brent for May delivery settled at USD 106.90 per barrel (bbl) on 14 March, a w/w fall of USD 16.31/bbl, and moved below USD 100/bbl in early trading on 15 March. WTI for April delivery fell USD 16.31/bbl w/w to USD 106.90/bbl at settlement on 14 March, while the value of the OPEC basket fell by USD 15.84/bbl to USD 110.67/bl and by EUR 15.40/bbl to EUR 101.16/bbl. You can blame speculative overshoot for the unfolding scenario though the overall outlook remains bullish. According to Standard Chartered commodity analysts, the correction tells us more about market positioning and the effect of extreme volatility than it does about changes in fundamentals over the past week. The increase in volatility across financial and commodity markets has led to a sharp rise in the level of risk held by traders, and an associated incentive to close out some positions to lower the risk. Oil traders have mostly been positioned with a highly bullish bias in terms of both outright positions and spreads in recent weeks, meaning optimization in a higher-risk environment has mostly involved closing out prompt longs. With speculative shorts being very thin on the ground currently, there have been few natural buyers, and the downside has quickly opened up. While the price ranges involved have been rather extreme, recent price dynamics bear all the hallmarks of a textbook speculative overshoot followed by the correction necessary to reset extreme positioning. The irony of the situation is that the dominance among oil traders of the belief that prices could only move higher has led to a position from which market dynamics dictated that in the short term, prices could only go lower. Replacing Russian Oil Despite the positioning-led price fall, StanChart says that the key fundamentals are largely unchanged and are also subject to an unusually high level of uncertainty. According to commodity analysts at Standard Chartered, Russian oil flows to Europe can be replaced in the short term, with the short-term price implications of that displacement potentially capable of being minimized by the extent to which OPEC members increase output beyond their current OPEC+ targets, and also by the possibility of a successful conclusion to talks in Vienna that results in higher volumes of Iranian exports. The analysts have projected that consumer reluctance to buy from Russia coupled with shortages of capital, equipment, and technology will continue to depress Russian output over at least the next three years. Russian output is expected to fall by 1.612 million barrels per day (mb/d) y/y in 2022, and by a further 0.217mb/d in 2023, with the y/y decline peaking at 2.306mb/d in Q2-2022. To avoid significant upside price pressure, StanChart reckons that the market would require around 2mb/d extra supply for the remainder of 2022, and an additional 2mb/d in Q2 to ease the dislocations caused by the displacement of Russian oil. The temporary 2mb/d Q2 boost could come from strategic reserves, but the 2mb/d additional flow for the remainder of 2022 would likely need to come from OPEC sources (including potentially Iran). Market tightness is, however, being helped by the fact that withdrawal from Russian markets has been less dramatic than anticipated. So far, there are indications that some of the larger EU countries are less keen than countries in the east of the EU to pursue the fastest possible reduction in Russian oil flows. Outside of the EU, the UK’s ban on the import of Russian oil has proved less dramatic than the headlines that accompanied the initial announcement, as it does not take effect until the end of 2022. In the private sector, while several companies have given assurances they will buy no more Russian oil on the spot market, there have been very few indications given about if, when, and how they will cut the volume of Russian oil purchased through their term contracts. Meanwhile, statements from some governments and some companies do appear to have become less hawkish over the past week, with an apparent lengthening of the timespan envisaged for the process of reducing dependence. StanChart says that Russian oil trade into Europe appears to be moving further into the shadows of term contracts and a greater reliance on third-party trading intermediaries. That does not make trading with Russia any less distasteful for European public opinion, but it does make the trade less visible and thus likely keeps oil flows from Russia higher than they would have been with more direct government targeting of those flows.
OANDA:BCOUSDLong
by DaveBrascoFX
>100 year oil priceThis is my first time to publish this idea. I have just discovered that if we use the log scale in prices and look back more than 100 years in the oil price, there are bull cycles. The first bull cycle took more than 100 years from 1863 to 1874. This cycle started with the industrial revolution followed by WW1 and WW2 where fossil fuels such as oil was the main source of energy. The second bull cycle was shortened to 25 years from 1874 to 1999. The third bull cycle was shortened again to 20 years from 2000 to 2020. We might have entered the fourth bull cycle and maybe the period will be 15-20 years (from 2022 to 2035-2040). If we superimposed the previous bull cycle and use fibonacci retracement for the fourth bull cycle, oil prcies could go as high as 500 USD/bbl. Inflation rates, production restrictions and sanctions to oil producers will be the trigger for these high oil prices. But I would assume that 2040 and beyond will be the period where renewables will be the main energy sources and nuclear fussion will be feasible for small and large scale. Oil will still exist as an industry but will no longer cater for majority of energy requirements, thus prices will go back to the third bull cycle. Disclaimer: This is not a financial advice. Charts, figures and discussion in in this idea does not warrant accuracy and completeness. Read at your own risk.
TVC:UKOIL
by wellbore
WTI: Fast and Furious 🏎🏎🏎After its racy rush upwards into the red zone between $111.46 and $131.21, WTI has slammed on the brakes at the resistance line at $130.50 and turned around with screeching tires to race down into the orange zone between $96.40 and $88.38. There, WTI should finish wave a in orange and then ride a short loop upwards to complete wave b in orange. After this daring feat, the drive should go on downwards below the support at $80.98 and into the green zone between $70.12 and $35.77.
NYMEX:CL1!Short
by MarketIntel
1
USOIL to $125 this summer, UBS saysOil hits two-week low but UBS is still bullish on Crude. UBS laid out three reasons for its $125 USOIL this summer: 1. Russian oil exports hurt by sanctions, which will further tighten global supplies. 2. Spare capacity brought in by OPEC is less than 2% of global demand. 3. Global oil demand still heading for record highs with Europeans and Americans returning to normal travel patterns once COVID-19 restrictions are lifted. Looking forward to read your opinion about it.
TVC:USOILLong
by TopgOptions
WTI Crude oil set to gain moreThere is a potential push towards 144, Following Russia sanctions. Russia is the third largest exporter of oil according to Investopedia analysis posted on March 8, 2022. This will create scarcity of the product in the market hence more demand which will result in higher prices in the near future.. RSI indicator shows an overbought figure at 71.94 according to Monthly Timeframe but it ain't stopping anytime soon. sellers at 144, that's where it will most likely take a breather if it moves past current resistance at 128(March Monthly high). This is not a financial advice do your own due diligence. All the best
TVC:USOILLong
by alonso780
1
Oil/USD Main trend (part). Channel. Fractal.Oil/USD Main trend (part) Rising channel. Realization of a fractal after a breakout of the downtrend (red), channel resistance. In the near future with a high probability if escalation of conflicts in the world will increase, there will be a slight consolidation, and then the price may continue to grow up to the upper limits of the uptrend channel. Oil/USD Main trend. 1862 -2022 Line graph. Channel. Fractal. Cataclysms or wars could stimulate such price increases. Possibly on a large scale. Particularly in those territories of the earth where this same oil is produced. Which gives disruptions in production and transportation, these circumstances stimulate the price increase. Expensive oil means the collapse of most countries' economies and hyperinflation. Rise in prices of absolutely all goods and services. Expensive oil means bad times, as the reason for this are bad actions of people. It is very likely that when the price reaches the top and as a consequence of the collapse of the economies of oil dependent countries, there will be a widespread rejection of this energy raw material as the main one and a transition to “green technology”. First and foremost, the transition to electric transport everywhere. Which is an even greater environmental problem. The problem is the recycling and disposal of used batteries, as well as the dwindling supply of lithium on our planet. But “green energy” propagandists don't want to see that. The point is to put everyone on electric personal transport, make it unaffordable for most (price) and then switch to public transport. Personal transportation will be rare and a great luxury. This is all long term by 2031. Locally, at the moment. Events that may now drive the price of oil higher, or at least keep the high price near today's values, after breaking through downtrend resistance (red). 10 03 2022 The U.S. Congress approved a $1.5 trillion budget through the end of fiscal year 2022!!! Congress appropriates $782 (17) billion for defense, $730 billion are non-defense items. The full document exceeds 2,500 pages. $782 billion for 9 months for “war” is a very substantial amount. It is not difficult to guess that the “war” on foreign territory and by foreign hands. This budget includes the largest package to date of military, economic and humanitarian aid to Ukraine (where military action with Russia is taking place at the moment), which also includes spending to strengthen the “eastern flank” of NATO. $13.6 billion in aid to Ukraine I would add that when hostilities take place in foreign territories, the suppliers of “killing toys” and collateral goods only get richer, as does the market for their companies involved. New military conflicts will be the occasion for further restrictions on the movement of people and restrictions on their rights and freedoms. The “nuts” will continue to be tightened. Perhaps to an even greater extent than under Corona. The supply chains for goods and the resources to produce them will continue to collapse, as with the carnival virus. Many high-tech goods will not be available to the majority of the earth's inhabitants and will be relegated to the “dream section”. The ever-increasing price of oil and the constant interruptions in its supply will drive up the price of absolutely everything. Many people will refuse to travel by their own car, it will become trivially expensive, as will the production of goods and their supply. In the acute phases of the process, there will be big problems with food in some regions. It is probably logical to assume that in 2022, the year of “military exercises” and “hacker pranks” will rise in value: 1) stocks of companies related to military contracts and technology. 2) oil and energy resources. 3) metals, especially gold , silver , rarely land.
TVC:UKOIL
by SpartaBTC
$GUSH Target PT 300 and higherThe fund, under normal circumstances, invests at least 80% of its net assets in financial instruments, such as swap agreements, securities of the index, and ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or to ETFs that track the index. The index is designed to measure the performance of a sub-industry or group of sub-industries determined based on the Global Industry Classification Standards. The fund is non-diversified.
AMEX:GUSHLong
by BADQOMOCAWGOWLD
1
USOIL trend reversal??Hello traders and welcome on my analysis:) Everybody is speaking about usoil and predicting new ath and so on,... So, it's is possible, but check the situation. This is weekly chart, with marked ath on 146USD. If you check the past, you will wee big crash down from this level. On RSI we don't have bearish divergence now, but is already overbought. The value 85 and more is really big number. My trading plan? I will wait for daily divergence and then entry to the short. It's risky short so I will use only small capital. Target for shorts is around 100-80USD
TVC:USOILShort
by Bulls_action_trading
$MARPS Next Target PTs 32-45 and higherMarine Petroleum Trust, together with its subsidiary, Marine Petroleum Corporation, operates as a royalty trust in the United States. As of June 30, 2021, the company had an overriding royalty interest in 55 oil and natural gas leases covering approximately 199,868 gross acres located in the Central and Western areas of the Gulf of Mexico off the coasts of Louisiana and Texas. Marine Petroleum Trust was incorporated in 1956 and is based in Dallas, Texas.
NASDAQ:MARPSLong
by BADQOMOCAWGOWLD
$BRN Next Target PT 7 and higherBarnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. It operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drilling. The company acquires and develops crude and natural gas assets in the province of Alberta; and invests in land interests in Hawaii. It also owns and operates five water well drilling rigs, two pump rigs, and other ancillary drilling and pump equipment; drills water and water monitoring wells of varying depths; installs and repairs water pumping systems; and distributes trillium flow technologies. Barnwell Industries, Inc. was incorporated in 1956 and is headquartered in Honolulu, Hawaii.
AMEX:BRNLong
by BADQOMOCAWGOWLD
$CELP Next Target PTs 3.75-6.50-10 and higherCypress Environmental Partners, L.P. provides independent inspection, integrity, and support services in North America. The company operates in three segments: Inspection Services, Pipeline & Process Services (PPS), and Environmental Services. The Inspection Services segment offers inspection and integrity services on various infrastructure assets, including midstream pipelines, gathering systems, and distribution systems. This segment also provides various services, such as nondestructive examination, in-line inspection support, pig tracking, survey, data gathering, and supervision of third-party contractors. The PPS segment offers hydrostatic testing, chemical cleaning, water transfer and recycling, pumping, pigging, flushing, filling, dehydration, caliper runs, in-line inspection tool run support, nitrogen purging, and drying services, as well as test documentation and records retention services. The Environmental Services segment owns and operates 9 water treatment facilities with ten environmental protection agency class II injection wells in the Bakken shale region of the Williston Basin in North Dakota. This segment offers treatment, recovery, separation, and disposal of waste byproducts generated during the lifecycle of an oil and natural gas well to protect the environment and drinking water. The company serves owners and operators of pipelines and other infrastructure, public utility or local distribution, pipeline construction, oil and natural gas exploration and production, and trucking companies, as well as third-party purchasers of residual oil. Cypress Environmental Partners GP, LLC operates as the general partner of the company. The company was formerly known as Cypress Energy Partners, L.P. and changed its name to Cypress Environmental Partners, L.P. in March 2020. Cypress Environmental Partners, L.P. was founded in 2003 and is headquartered in Tulsa, Oklahoma. Cypress Environmental Partners, L.P. is a subsidiary of Cypress Energy Holdings, LLC.
CLong
by BADQOMOCAWGOWLD