With the peak of the summer travel season, marked by the Independence Day holiday this week, US oil demand is expected to surge. The American Automobile Association (AAA) projects travel during this period to be 5.2% higher than in 2023, with car travel alone increasing by 4.8% compared to the previous year, according to Reuters. Crude oil markets are further...
#BRENT Oil (Petrol) 1W chart; What does oil mean for the world economy? Oil is critical to the world economy and is considered the basic energy source of modern industrial societies. And then there are the quarterbacks. Market makers, a term we hear a lot in the crypto space. These and similar important charts cannot be moved by ordinary people. They cannot...
Oil investors piled into the options market days before Iran launched its attack on Israel and traded a record amount of contracts that profit from higher prices. Just over 1 million calls on the global Brent crude benchmark traded last week, surpassing a previous record, according to data compiled by Bloomberg. The volumes were focused on contracts at $95 and...
US crude oil prices have experienced continued selling pressure for the third consecutive day, with the market reaching the $83 mark. This price level is accompanied by notable areas of resistance, suggesting the potential for a reversal in the near term. Recent events have contributed to the uncertainty surrounding crude oil prices. Notably, Ukrainian drone...
SUPPLY ZONE BREAKOUT IN OCT 2023 But i suggested this stock on 12th Nov 2023 at 100 level Entered at 100 Targets - 110,120,130,150+ 3 TARGETS COMPLETED IN JUST 45 DAYS.... GIVEN 35 POINTS (35%) RETURNS CMP - 129.85 Re-entry possible at 120 levels... if again falls than average at 110 level @Jagadheesh_JP In this channel, I share my expertise in trading...
Congratulations to all , as you can see here the market continue pushing up cause was in strong trendline and made a good signal to make this decision, See you in next Station;
Hello ladies and gentleman,according my analysis To Light Crude Oil futures .there is agreat probability long to 103USD.
there is a big long legged doji on the 26week chart at the md point of the doji lays the monthly 200mma and also the 0.5 fib from the move up at $20 lows to $100 highs. the over 15 year POC sits at low $70s ... would be a great buy opportunity should it materialise.
-- The Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. -- The Moving Average Convergence Divergence (MACD) is a trend-following momentum indicator that shows the relationship between two moving averages of...
Oil looks weak. It seems extremely weak, mainly because production hasn't come down. Chinese demand is still low and might never reach its ATHs, but this, along with the US refilling its SPR, can potentially send higher oil prices. However, this is unlikely to happen before the market takes out this quadruple bottom. Until all the lows are swept, and potentially...
Congratulations to all my followers ,really was a good trade . again the market was in good movement to continue pushing up that's why we have to wait pullback and follow the trend. SEE YOU IN NEXT STATION
I recommend you buy USOIL at this levels as you can see we have a good set up to to continue pushing up
I recommend to sell the Oil at this levels as you can see we have a big trendline on 4h /1H /30M also the market looking for break the up trend channel
Dear traders petrol was up trend and strong trend so he rejected previous weekly candle so it may consolidate a bit I expect petrol is he reache the key level of resistance zone it may be down so wait for price action to react and take the opportunity TRADE SAFE
CONFIDETIAL PETROLEUM **************************************** LONG / SHORT TERM ---------------------------------------- Buy on 55 - 60 Avg Buying till 50 SL 42 TGT 67/ 75/ 83/ 93..
dear traders petrol trying to follow trend up so I expect petrol after bulk back in zone 66.92 it may be a chance to take a buy and if he breaks and close below 66.92 it will be high probability to sell ..follow my instructions and trade safe
dear traders petrol in down side deep trend has last week so we should be careful with this market it is not easy to take the chance if you re not eligible to respect the zones it all in my chart the instruction is very clear trade safe traders good luck
dear traders petrol was rejected from wekkly support it may correct this move ana retest previous ressistance follow my chart and respect the zone of range price trade safe