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Oilusd

Oil, the slip from $100?Hi traders. Taking a closer look at oil a slip from $100 is looking more likely, we here to learn and share information about the markets. Crude Oil is a fundamental resource, still a root fuel source in many countries, much of our trade and economies are built upon oil. We aren't too sure of all the factors around the causes and effect on the oil price if some more knowledgeable traders and economists could share them that would be great. It seems like oil giving us the slip from $100 is more likely. We'll also take a further look at oil and edit the link in later: Have a great day everyone.
FX:USOIL
by cryptodefrag
Brent crude oil ATTACKING 106 USD LONGMorgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low spare production capacity, and low investment, Morgan Stanley said in a note carried by Reuters. The bank now expects oil at $100 in the third and fourth quarters of this year, lifting its previous Q3 and Q4 forecasts from $90 and $87.50 a barrel, respectively. “The key oil products markets (gasoline, jet fuel, and gasoil/diesel) all show strong crack spreads, steep backwardation, and inventories that have fallen to low levels. None of this signals weakness,” Morgan Stanley analysts wrote in the note. The bank is the latest investment institution to predict that oil is headed to triple-digit territory as soon as this year, amid resilient demand, falling inventories, and declining spare capacity at OPEC+ as the group ramps up production. Triple-digit oil “is in the works” for the second quarter this year, Francisco Blanch, head of global commodities at Bank of America, told Bloomberg last week. Demand is recovering meaningfully, while OPEC+ supply will start leveling off within the next two months, Blanch said, noting that it will be only Saudi Arabia and the UAE that can produce incremental barrels to add to the market. Related: How Realistic Are Libya’s 2022 Oil Production Goals? Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” due to the milder and potentially briefer impact of Omicron on oil demand, Goldman Sachs said this week. Due to gas-to-oil substitution, supply disappointments, and stronger-than-expected demand in Q4 2021, OECD inventories are set to dip by the summer to their lowest levels since 2000, Goldman’s analysts note. Moreover, OPEC+ spare capacity is also set to decline to historically low levels of around 1.2 million bpd. “At $85/ bbl , the market would remain at such critical levels, insufficient buffers relative to demand and supply volatilities, through 2023,” Goldman -Sachs said in a note. JP Morgan, for its part, expects the falling spare capacity at OPEC+ to increase the risk premium in prices, and sees oil hitting $125 a barrel this year and $150 a barrel next year.
OANDA:BCOUSDLong
by DaveBrascoFX
1
crude oil Since history always repeats itself, we expect oil to drop to levels 38, 34 , as you see there are 2 ascending triangles , one big and the other small, look at the small one, after the price broke the third higher low , the price retested it by forming double top then descending wolfe wave formed ,then the price free fall fell so we are expecting the same path for the big ascending triangle , zoom out to see it now the price broke the third higher low in big ascending triangle , we expecting the price to retest it the form a descending wolfe wave the free fall to 34 ,In addition to fears of an inflated global excess supply of crude in the first quarter of next year, due to lower demand. Take your profit & RUN! 🏃‍♂️ I hope you all have a brilliant trades 💖 Stay safe ✌️
OShort
by Elrouby
1
OIL Breaking out of the bull flag or another fakeout?Hello and welcome to my post ! OIL is still in a strong uptrend and we are just breaking out from a bullflag. We are getting strong resistances from EMA100 and MA200. Something worth mentioning is the purple boxes on the chart, they are indicating previously fake out areas, a think that might happen if the price action dosent break the previously mentioned resistances. If we continue from here the break of the bull flag strongly the target is 72$. Indicators: The combination of the overbought SRSI and the mid level RSI suggest a strong momentum for the bulls. Don't forget to protect yourself with proper Risk Management. Information provided is only educational and should not be used to take action in the market ! Feel free to ask anything in the comments or send me a message ! Thank you for reading my post,if you liked the idea you can support with a like and a follow have a great day !
O
by AM.98
6
Oil going up?The world’s top commodity traders have forecast a return to $100-a-barrel oil TVC:USOIL An investment in new supplies slows down before demand has peaked and before green alternatives can take up the slack. Executives from Vitol, Glencore, and Trafigura, and Goldman Sachs said that $100 crude was a real possibility on Tuesday, with prices already reaching their highest level in two years this week as Brent crude moved above $75 a barrel. The prediction comes at a time when concern about inflation is rising and many commodities, such as copper, have already reached record highs, boosted by supply shortfalls as the economic recovery gathers pace. Oil has lagged because of a slowdown in demand during the coronavirus pandemic and fears demand could peak in the next decade. But predictions that prices will move much higher in the next few years have gained momentum in recent weeks. Because of a slowdown in demand during the covid-19 epidemic, oil has trailed, and there are predictions that demand could peak in the next decade. Nonetheless, in recent weeks, expectations that prices will rise significantly over the coming years have gained traction. WTI Long (Buy) Enter at: 78.01 T.P_1: 85.11 T.P_2: 91.89 T.P_3: 99.00 T.P_4:102.80 S.L: 71.40
FX_IDC:USDWTILong
by JohnGoldman1