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Oilprice

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
BUY OIL!!!!! The technicals demand it.With the USA gradually lifting restrictions on Covid-19, the wheels of industry will soon be turning again. And what greases those wheels? Yes - OIL . A glance at the Monthly chart on BCOUSD shows a very pleasing end of month long-legged doji - a sure sign of indecision. Add to this the bounce off the WPP mid-pivot and everything says BUY!!!!!. I'm in at 23.82 with a STOP at 22.24 and a provisional take profit at 26.52. Looks a winner to me. www.mql5.com
OANDA:BCOUSDLong
by theforexportal
Short on Exxon Mobil $XOMFundamental analysis: With oil currently trading at around 18$/barrel, it's going to be really tough for oil companies to be operating on a profit for the foreseeable future. Oil production equipment isn't meant to be halted so we can even expect extra logistical cost to storing all of it. Once travel ban is lifted around end of june, i will look to switch to a more bullish position. Technical analysis: Held off posting this idea once I saw the right shoulder of the pattern break but it seems we won't have a daily close over it which means the H&S pattern is still in play. Conservative traders might look to wait for the neckline to break @ around 39$, personally will gradually increase my position as I see this play out. Earnings is in 7 days so watchout for a pre-earnings rally; it's a great opportunity to get a great entry price if it pans out. Currently there's a bearish divergence that was formed on the MACD As you can see our targets line up perfectly with the .618 fibonacci level where we might see a reversal or continuation depending on how the situation develops. Cheers and goodluck TP1 @ 39.00$ TP2 @ 35.75
NYSE:XOMShort
by Zanalysis
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