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...
The same view on CORN as on WHEAT chart, we have a nice bullish market strucutre but looks like price is very exhausted and right now we should see a corrective movement down ito 700/600, we have a lot of bullish gaps on it's way and price should retrace to fill those. On a long-term perspective i am still bullish based on the fundamental context. What do you...
but with bullish divergence , long term will be more expensive Trade safe n fun feel free to comment n share ur ideas
Technically, 0-2 and 2-4 trend lines touched and oil could stop here. Any push outside of channel by fundamental parameters will return below lines.
Brent has nice bullish pattern on Monthly chart. $180 is next target. Big brother please tell to OPEC something to rise oil supply in this difficult days.
volume of trading has been increased a lot thesedays. I think OPEC will keep the product and not increase. People could suffer ecnomic crisis but oil rally won't stop going. Expensive Crude oil become new normal to our society. MACD and stochastic ratio are stronger than before. This will go up until our humanity find's our new sustainable energy to...
In previous posts WTI and Brent were hesitant for grow or fall and i consider chance of falling is greater. But fundamental crisis happens and Crude oil broke all resistances. new analysis show that oil has powerful restriction in 127 USD but problems with Russia grow in future and i think oil will see prices ever sees.
The well-defined channel seems to be intact while RSI is bottoming out and MACD is beginning to curl up. I believe oil has seen the majority of its bad performance in the past week. After this greenflation will kick into gear. People won't be able to resist investing in energy knowing that they'll be taking advantage of huge profit margins while the commodity...
This isn't strictly a technical analysis. I'd like to gage the market sentiment and geo political tensions before I commit to a trade. If I see price break support but I'm seeing bullish headlines, I won't take a oil short. I'm waiting for a bearish catalyst and a break of the support I pointed out. Below are some bullish and bearish headlines I'll be looking out...
Manali Petrochem is involved in the business activities of Manufacture of plastic in primary forms (includes amino-resins, polyurethanes etc.). So rising crude oil doesn't impact it much, dont go for the name of the company Fundamentals Company has a total operating revenue of Rs. 1,620.82 Cr. on a trailing 12-month basis. An annual revenue growth of 27% is...
Bitcoin failed to stabilize above this level after breaking the resistance of 39800 to 40500. According to news from China and Taiwan, as well as the Fed meeting and the possibility of raising interest rates to 0.5%, buyers are cautious. There are still no signs of smart money coming in. According to these notes i think bitcoin can move to 29-30K. ⚠️ This...
Due to the chart price has broke out its channel, so after breaking the 130$, other goals are 165$ and 230$. You can find an entry and get a confirmation due to your strategy after the retest... Goodluck all! please comment and tell me your ideas...
If the Russian Oil and gas embargo is approved, Oil will easily rise to $185 a barrel.This has been taken off the table by Germany however the US are still considering it. As Russias invasion continues we should expect to see a second wave of sanctions and a lot of them aiming at the energy sector which will have huge consequences. If countries decide to...
Just an idea and trade at your own risk. Oil on the longer term still remains bullish on the weekly and monthly timeframes OIL reached on the weekly timeframe the upper uptrend channel and correction may be underway back to 90-95 prior bullish continuation to new highs.
Hello, Welcome to this analysis about WTI CRUDE OIL and the monthly timeframe perspectives. Since the Russia-Ukraine-Conflict began we can see many countries upfront with the E.U. sanctioning Russia and preventing Oil exports out of Russia, cutting off all supply chains including oil. These developments mean there is a growing demand for oil and gas on the...
Friday’s close is highest in more than a decade. On Friday morning I posted that I was looking at a potential head and shoulders pattern on hourly. That morphed into a symmetrical triangle in the morning with an upside breakout in the afternoon. I did trade the breakout but closed position out going into weekend. We could obviously see a big gap either way on...
📉 Expecting bullish price action on USOIL as we are in a huge bullish market strucutre from a technical perspective, look to ONLY LONG this asset. I will try to LONG it from D1 Imbalance area or 100$ institutional figure. From a fundamental perspective we are STRONG BULLISH during Ukraine - Russia conflict + market seasonality that is strongly bullish on OIL I...