USOIL Nearly everyone here is too focused on technicals when analyzing oil trends. For the last 1-2 years, oil volatility has been highly subdued but zoom out a little and you can see how crazy oil becomes when the trigger is pressed. The market will forget all about support and trend lines when the bears really start driving price down. For example: 2020, 2018, 2014. We are in a very similar state to 2014 where OPEC is increasing supply against a backdrop of weak economic conditions and increasing US shale drilling. When the ball finally drops, there is no price that oil cannot drop down to.CFDs on Crude Oil (WTI) forum
USOIL Nearly everyone here is too focused on technicals when analyzing oil trends. For the last 1-2 years, oil volatility has been highly subdued but zoom out a little and you can see how crazy oil becomes when the trigger is pressed. The market will forget all about support and trend lines when the bears really start driving price down. For example: 2020, 2018, 2014. We are in a very similar state to 2014 where OPEC is increasing supply against a backdrop of weak economic conditions and increasing US shale drilling. When the ball finally drops, there is no price that oil cannot drop down to.
USOIL USOIL next week trend analysis, hope it helps youIdea: USOIL next week trend analysis…
WTI OPEC+ Agrees on Third Oil Supply Surge Despite Russia’s QualmsSummary by Bloomberg AI
OPEC+ agreed to increase oil output by 411,000 barrels a day in July, despite reservations from Russia and other members, marking a historic policy shift to drive prices lower.
The supply hike is seen as a move by Saudi Arabia to punish over-producing members, recoup market share, and satisfy President Donald Trump's desire for cheaper oil, offering relief to consumers but creating financial peril for oil producers.
The market impact of the hike could lead to prolonged low prices, with JPMorgan Chase & Co. forecasting Brent futures to sink into the "high $50s" later this year, despite some analysts seeing the increase as logical given rising summer demand.
USOIL USOIL: Next Week's Strategy and Range Breakout DirectionIdea: USOIL: Next Week's Strategy an…
You need to refer to this strategy
USOIL USOIL next week trend analysis, hope it helps youIdea: USOIL next week trend analysis…
USOIL USOIL: Next Week's Strategy and Range Breakout DirectionIdea: USOIL: Next Week's Strategy an…
You need to refer to this strategy
USOIL USOIL next week trend analysis, hope it helps youIdea: USOIL next week trend analysis…
USOIL Believe, the market has already cached in on more than the expected output hike, which they might announce later during the day.And what if Trump's tarrifs takes a u turn after the courts comments?
And how will the Discussions with Iran move?
Even OPEC would ideally need the oil ro be above 60 levels.
We are in for some drama in the coming weeks.
Haven’t seen the usual know it alls on here in the past week . Has someone blown there account with the no stop loss techniques again 😂
USOIL so all you crystal ball owners, what will next week bring us 🔮🔮 ( I would like to see 55 ) have a great weekend!