Dont believe politicians, they cannot do anything to stop markets...
If you haven`t bought the $94 pullback: Then you should know that USOIL in on a bullish trendline for this summer. UBS laid out three reasons for its $125 USOIL this summer: 1. Russian oil exports hurt by sanctions, which will further tighten global supplies. 2. Spare capacity brought in by OPEC is less than 2% of global demand. 3. Global oil demand still...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
12/03/2022 FORECAST FOR WEEK 1 MARCH 2022 = 40/60 bull/bear probability COMBINED FORECAST FOR MARCH 2022 = DAYS WEEK 1 OF MARCH FORECAST WAS = NEUTRAL PROBABILITY FOR WEEK 3 MARCH = Neutral no call Week 2 of March was bear. After Friday the prior week, it opened bull but finished with a decent northward facing tail. Tuesday's bull candle is inside Mondays...
Just looking at this 2020 run up, might be a symmetry move. Threw a couple forks at it, I don't have a horse in this race and GeoPol is obviously the jockey here. Fork play on the Rulble/USD puts $0 on the table for Russia in the next couple months too. Gonna be a wild ride. DYODD
As war drums are beating and WW3 may be on the verge of becoming a new reality, oil is ripping the faces off of people shorting it. It's also ripping your wallet apart. I expect a sell-off at some point if it continues at this rate but probably not before making new all-time highs above $150/ barrel. I expected XLE to get to $135 over the next 4-5 years but now it...
Oil reversed sharply from $116 to $108 when it was reported that Iran nuclear deal could bring Iran's Oil production back into the world supply if they give up Nuclear weapons. We had initially talked about selling $120 but it began early and now is not simple to sell these levels which are much less oversold and is a different sort of trade to a quick smash and...
We target a correction on WTI futures, after the recent rally. We place a speculative trade with SL above today's highs, lookng at 5-6$ correction. Our long term view remains bullish
According to UPtrendline channel Pullback by Resistance level Divergence on CCI Corrective Wave Fibo retracement Previous Weekly Analysis
I haven't updated my WTI Oil thesis since the start of the month when I first started calling for a potential market top and a stop to buying activity. Well this top may have been formed now as WTI has formed a Head and Shoulders pattern, right at the top (with the Head actually slightly above it) of the Megaphone pattern. Also that took place exactly on the...
Hi everyone, It appears that WTI Crude looks ripe for a rotation towards the downside, the price has double topped and showing rejection along the peak of the ascending channel, alongside an indication of further overvaluation on the daily RSI. This is not financial advice just sharing with the community what I have been looking at, have a great day!
Technically speaking WTI Crude oil price may be building a top for major correction for months to come. In case of Ukraine War flared it may be obvious for crude oil to sky rocketed.
XTIUSD trade is near to break resistance level. If it’s break then it will go next resistance level then there will be chance trade will retrace back to low level.
Those who follow me for a long time here and on Reddit know how bullish I've been on WTI since the rescue packages arrived in 2020. Since March 08 2021, though a new and very well structured Megaphone pattern has emerged that has allowed us to trade both directions with high efficiency. Most recently, since November 30 to be exact, I've started with buy trades on...
In the previous idea we said will break 88 and will continue to upward, so now can break it.. —— Upward zone Above 89. Tp.: 92 & 93.50 & 95 Sl. Under 88
WTI rallied yesterday alongside the depreciation of the USD against EUR. But it appears that it is slowing down. The price of WTI appreciated by nearly 4 points, starting at 85.848 USD and reaching 89.72 USD. The 9 day MA is still above 20 day MA, and the Upper and Lower Bands of the Bollinger Bands are wide open. But still, it is observable that the rally is...