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Petroleum

BP p.l.c. (NYSE: $BP) Could Double, Triple OR More 📈BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen, and carbon capture, usage and storage. The company is also involved in the convenience and mobility business, which manages the sale of fuels to wholesale and retail customers, convenience products, aviation fuels, and Castrol lubricants; and refining, supply, and trading of oil products, as well as operation of electric vehicle charging facilities. In addition, it produces and refines oil and gas; and invests in upstream, downstream, and alternative energy companies, as well as in advanced mobility, bio and low carbon products, carbon management, digital transformation, and power and storage areas. BP p.l.c. was founded in 1908 and is headquartered in London, the United Kingdom.
NYSE:BPLong
by RedHotStocks
Can $USOIL find support at 43 per Barrel? THE ULTIMATE RE-TESTSince COVID SZN (covid season) began, on what we will call Mar 20 (low point) to now, the HIGHEST $USOIL has traded is just over 43/b. It seems set to retest that mark, though I doubt that it gains the steam to forcefully pass the round-number. I indicated in previous updates day traders have shifted their support line higher, but the resistance to this uptrend is due to be tested today as it trends 42+ in futures/pre-mkt. 42.5 has been identified by some of my readers as a major resistance mark and point at which a SHORT can be enacted. I neither endorse nor condemn that notion, but it is an interesting way to profit on the likely reversal. The bull in most traders will hope 42+ is clung to, but the 41.50-41.65 resistance was strong and it took the better part of a full trade session to inch close to it. If there's support at 43, $USOIL may make its next stop @ 45. That is the mark we have consciously keyed in on as an "ALL SYSTEMS GO" For oil-related stocks and the oil giants themselves. Good luck, and VIVA LA CRUDE. I reckon. -BDR See related note RE: Oil's resistance marks as previously ascertained.
FX:USOILLong
by BDRTrigger33
AXAS ABRASXAS PETROLEUM 2 indicators same timeframeI bought this penny stock at 0.1475usd due to the signals of these 2 indicators. I just waited for a bounce in order to enter with a moderate leverage on trading212. With a 27.731M MARKET CAP, ABRASXAS PETROLEUM is one of the cheapest petroleum company that you can buy right now. They also have a debt of -65.004M, so the bet is very risky. If you are interested to test these amazing BUY and SELL INDICATORS, which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
ALong
by TopgOptions
2
crude oil future target the resistance in yellow is inclined up (on daily), which means for the moment we give privilege to buying instead of selling, moreover, the candles have tested many times the resistance (the ellipses) so it seems to be correct. If the news is positive, the target of the petroleum will surely be the previous trading range (PULLBACK), so we need some green volumes there to achieve this target. Otherwise, if the resistance is broken, the market would drop. (note that the last candles's sizes are smaller and smaller + we observe more and more volatility in this market).
NYMEX:CL1!
by GlobalInvestFutures
LONG: EXXON MOBIL CORP. (Petroleum, Oil, Gas)• Ref. the effects of COVID-19 and the OPEC (& Russian) trade disputes fuling the fall of Oil prices. • The FIA halting all motorsport events until JUL 2020 (Austrian Grand Prix). • EXXON MOBIL have a sponsorship deal with Aston Martin Red Bull Racing (Formula1 team) ~ Aston Martin Lagonda Global Holdings plc. IPO in Feb 2019 • After the effects covid start to leave the spotlight, we may see the price of petroleum rise and companies such as XOM begin to operate at higher capacities. LONG TERM TRADE -- Optimum target: ~ March/April 2021
NYSE:XOMLong
by infinityPLEX
What happened to WTI today could happen to Brent next weekAs I understand it, today's oil price meltdown was triggered by an oil ETF called USO. Unlike gold ETFs that hold physical gold, oil ETFs like USO hold no physical oil. The way USO works is that it holds contracts for delivery of physical oil next month (in this case, contracts for delivery on May 20). Then, on the 20th of the month, it sells those contracts and uses the proceeds to buy contracts for delivery the following month (in this case, contracts for delivery on June 20). Ordinarily this works just fine, because the volume in USO is typically pretty low and there are usually plenty of real oil buyers out there willing to pick up USO's contracts on the 20th and take delivery of the physical oil. Lately, however, speculators have been putting billions of dollars into USO. So today, as it rolled over to next month's contracts, USO dumped all those billions of dollars of May 20 delivery contracts onto a market with very few real oil buyers willing to take May 20 delivery of physical oil. USO's Brent oil counterpart BNO works the same way and has been getting similar inflows from speculators. My understanding is that Brent oil delivery contracts roll over on the 29th of the month, so a similar meltdown may be coming in Brent oil on April 29. Also, after today's meltdown we may see some of the demand from speculators go away, and the price of oil stay down at a level that reflects the actual demand from people and companies with licenses to take physical delivery. Added to all of this are the problems that the world's oil storage space is filling up fast, and the reopening of the economy in June is likely to encounter lots of logistical bottlenecks that may slow down the return of oil demand. So I'm thinking the near-term environment for oil looks incredibly weak. One way to play this is to short producers, especially US shale companies that may go bankrupt due to high debt and high production costs. Another way to play it might be to short BNO.
TVC:UKOILShort
by ChristopherCarrollSmith
22
OIL BELOW 2$ THE BUY OF A LIFENo need to explains everything and i have to write fast for this news but this is great great great opportunity if you don't leverage its like impossible to loss on long term /!\ Remember this is not a financial advice just only my own opinion on the market please thinking and make your own chose /!\ Please notice this is not trading, or entry signals just an analysis, one day I might make a post on what is the difference between an analysis and a trading signal if you asking. Feel to share your thought in comment I always read all and try to answers if possible. Thanks for reading have a good day!
TVC:USOILLong
by LegoTonix
37