1) The breakout above the down trend-line starting from the highest high , when the price went above 101, marked the beginning of the movement we've seen so far (+$8). 2) There's 2 technical scenario playouts: *Break above 108.20 with a 4h/1d close - 113.40 to 114.64 may be reached in the very short-term *Break below 104.50 with a 4h/1d close - 97.90 to 93.20...
I held this stock way longer than I intended. Remember, if you have an out that you set before you start your trade, stick with it. I would have kept 70 cents more per share if I followed my original plan!
Oil may be in a reversal now or going through corrections as the markets get use to the the Russian Invasion in Ukraine. I don't believe that US and NATO will be successful at imposing oil embargo sanctions on Russia. Therefore I am bearish and will be shorting oil etfs.. Give me a thumbs up if you enjoyed this TA, PS. Disclaimer I’m not a certified financial...
As the new year begins, the markets are a little quiet but in the oil , markets seem a little confusing, Based on OPEC-JMMC Meetings we made our view on the oil market. "That's one way of looking at it OPEC plus seems confident that despite omicron spreading rapidly around the world and with cases rising it's not going to have that much of an impact on oil demand...
Price has flipped many times in the past at this price. Price is extended to the upside. Momentum has been diverging for the last 8 months. OPEC+ has reaffirmed their stance to increase production. Saudi Arabia and other countries production hasn't even been turned back on yet so they can increase it even more if need be. Global demand and consumer demand is...
Bears are always welcome in the oil market, we have seen a huge rally for oil in April 2020, some producers have made a big reserve of production. we always see that the market has always to correct the direction allowing some associated to collect their profits, bulls out bears in. for the next period we find bearish news looming on the horizon, -Omicron is...
looking at AUDCAD, forgot to tell you that entered this short. Price was not to far from entry so you can still call it live and active (no hindsight)
Oil is about to drop, big! Weekly RSI showing major resistance at $61 - 62. Electric vehicles will kill global oil industry by 2030. Big Oil Is Getting Scared Of Electric Vehicles – And So It Should Be "EVs are going to have the same disruptive consequences. Over a million EVs were sold in Europe in 2020, are projected to hit 585,375 in 2021 in the US, and sales...
Technically speaking, this should return to the red box. Fundamentally speaking, this should be in your portfolio, just like bitcoin 5 years ago.
Short WTI Crude Oil here is a very good opportunity. Have a proper stop-loss and you can see great profits coming
U.S. benchmark, West Texas Intermediate, has fallen to the $15 range as global economies remain on lockdown due to the COVID-19 pandemic, crushing crude demand. Also global oil storage is reaching its limits. The situation is so dire, in fact, that the Department of Energy is even considering paying domestic oil producers to keep crude in the ground. Even if...
Rumors are the President Donald Trump will impose 75% tariffs on ALL oil imports in order to protect American oil industry. Let's see how this will be developed. So far history has shows that market, with their own opinion, always wins.
Good Day Traders! Congrats to those who made money following our calls! 💰💰💰 Simply following us and we will get you guys our latest updates FOR FREE! Go to the link below & hit the " FOLLOW " button right now ! 👉 www.tradingview.com 👉 www.tradingview.com 👉 www.tradingview.com Our US crude oil setup: Rules: 1. SHORT ONLY when price touches the white box....
SL got triggered right there! Maybe not too late, tho...
www.tradingview.com - Toyota is lagging behind - Hybrids sales are declining - Hydrogen Sales are nor rising - Toytota is monster in size ... But Godzilla shall be defeated ;)
- Oil consuption forecats say it will reduce - Electrical vehicle and reusale energy are getting support from public and goverments - On Monthly charts theer is a fractal - Long term trend is declining - Money flow Indicator is declining