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USOIL Fundamental UpdateUSOIL Fundamental Analysis The president of OPEC mentioning a February meeting with the Russian oil Minister. An emerging meeting could be held as early as this coming week. The question is, what is the real impact of price of a barrel of sweet crude with so many moving parts across a trillion-dollar global supply chain. The president of OPEC mentioning a February meeting with the Russian oil Minister. An emerging meeting could be held as early as this coming week. The question is, what is the real impact of price of a barrel of sweet crude with so many moving parts across a trillion-dollar global supply chain. Fundamental headwinds include the impact on jet fuel demand and tensions in the middle east (Libya). What's to come: OPEC and the Saudi Oil minister wants to prove to the public right now that they are reacting proactively and display an earner willingness to react. Output will be slashed. This was seen as the company went public back in December. As mentioned, Libya has just shut down an 800,000 barrel/day pipeline. This compensates easily for the demand impact stemmed from the virus outbreak that the markets ignored; which is the issues on the supply side of Oil. Sentiment is so negative, that the market is fixated on the demand headlines and ignore issues on the supply side. Libyan production being offline for the last 2 weeks, has kept over 2 million barrels off of the market. When Libya went offline, it was assumed this was political. I think this shows something much worse, which is a theatre of war and thus a destruction to infrastructure. Jet fuel prices in Asia are crashing. The question forward is, what’s the timeframe for the Coronavirus? The U.S. rig count is at multi year lows, since last summer. At the current rig count level, the industry can’t grow. It would be at best a flatline, and probably a decline. A catalyst needs to come desperately, and this catalyst would be a spike in oil prices. Unless oil prices recover from current levels, there will be a structural shortage of WTI for years to come. Bias is now long for both fundamentals and technical for WTI going forward this Q1 21:26:24 (UTC) Sat Feb 1, 2020
TVC:USOILLong
by TayFx
1
USOIL EIA Crude Oil Stocks Change is included in the weekly report issued by the Energy Information Administration of the US Department of Energy. It presents the number of barrels of commercial crude oil held by US companies. EIA includes this report into Weekly Petroleum Status Report (WPSR) along with other information on supplies, stocks and prices for crude oil and principal petroleum products. It is a reliable source of current information on the energy industry used by manufacturers, press, policy makers, consumers and analysts, as well as state and local authorities. The report data describe supply and disposition of crude oil and petroleum products in the United States and large US regions. The report is compiled based on data submitted by all companies, which can store at least 1000 barrels of crude oil. They include: All pipeline companies (local and state), including interstate, domestic and local pipelines Crude oil producers (oil companies) Terminal operators Crude oil storers (except refineries) Companies transporting Alaskan crude oil by water in other states and the District of Columbia Increase of US crude oil stocks can indicate a decrease in demand for crude oil or increase in production. Such an increase negatively affects global oils prices, though it is a short-term effect. A downward trend is only formed in the market if crude oil stocks increase steadily for several weeks in a row.
TVC:USOILLong
by q12398
1
Simple Technical Buy Set-up in USOILAfter a decent correction, USOIL is now showing signs of consolidation at the 100D EMA. Besides, it has also bounced off the ascending Trend Line. In addition, we have a nice Doji candle after the recent drop. All these technical factors point to a rise in USOIL in the coming days. So, if price manages to stay above 58, I would be looking to buy with 63 as my initial target. If price breaks the area that I have highlighted in my chart, then long entries will not be safe anymore.
FX:USOILLong
by YourLazyTrader
1
USOIL POSSIBILITY OF NEXT MOVE.In the name of Allah, the Most Gracious, the Most Merciful. we are doing Analysis of USOIL in 4 hrs time frame as you can see on the chart market is following Ascending channel pattern market has tested the Resistance line more chances is to market will follow our structure which I have drawn on the chart. IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY. HOW TO TRADE ON OUR SIGNALS. We Explain above you use that lot size whatever Capital you have. Let say, for example, you have 4000 Dollars Capital. We Posted Trade which has 4 Take Profit. We will use 0.20 Total lot size We will divide it in 4 Orders. 0.20 lot Divided by 4 Take profit = 0.05 Lot size. So we will open 4 Trade with 0.05 Lot size for each trade. Let See How We will do. 1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target. 2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target. 3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target. 4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target. Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry. If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target. If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
TVC:USOILShort
by Make_Money_Guru_Bitcoin
3