In this zone, I expect a BUNCH of bullish info-occasions into the oil market and bullish forecasts of energy organizations and OPEC. Thumb UP👍 if you agree with me! Although the United States and Saudi Arabia are already competitors in the oil market, they are in the same team in this zone and will do everything possible to prevent a strong collapse in oil...
This is a follow up video to the trade idea we released not long ago on shorting BRENT. The Risk/Reward is high... 4+! and the releated post explains more!
Brent and WTI remain in decent down-trends and the sentimental support a bearish outlook as the Coronavirus and OPEC put pressure on it. Our system indicates great selling opportunity right now with a contraction leading ot 38.2% of the low/high of the recent movement. Follow us, a video is coming as a related post! **THE ONLY THING THAT WORRIES ME IS THAT...
Headlines: - Oil prices surged during the Asian session up +1.4% despite build in API Crude data - WHO officially names disease as COVID-19 - EIA Inventories to be released during afternoon session - Asian Equities higher with Australia seeing Earning’s releases
Headlines: - API data shows a build for the week with Crude up +6 million barrels for the week - NOC shows production down 85% from the month of January to 183,265 barrels per day -WHO calls for further aggressive measures to be put in place - Lebanon’s parliament votes showing confidence in new government
Headlines: - NOC Production Halted as Sharara Field Value Closure - OPEC set to release monthly report tomorrow + Russia not convinced by production cut - China see’s Coronavirus death toll hit 1000 deaths - Futures Pointing Up Ahead of US Session
Headlines: - Oil Futures drops as OPEC Hits Hurdle - Natural Gas prices continue to fall as NG1 Futures down -4.5% - United Nations releases numbers showing close to 700,000 people displaced in recent conflicts - US Equities finish the session higher with NASDAQ up +1.13%
The best place for Buy Brent Oil Futures will be near the Support level 45.00. The price bounced from it several times. Potential profit will be in 3...5 times bigger than risk. Dear followers, the best "Thank you" will be your likes and comments! Before to trade my ideas make your own analysis. Thanks for your support!
all the details are listed in the chart.
WTI and BRENT are taking heavy hits for some time now with the price dropping strongly on both mainly due to the Coronavirus, but more recently (Friday) due to the OPEC members not being ready to cut production. We expect based on basic technical analysis that price should be moving south, our TP and SL can be seen on the daily chart (on the right) while our...
Headlines: - Idlib Outposts Tensions Increase as Turkish Forces Increase Numbers - Iran Fires New Technology Satellite Missile - BP Profits Fall on the Backs of Lower Oil Prices - Coronavirus Death Toll Overtakes SARS Outbreak
Perspective is KEY. The Big Triangle has not been entered since 2009. The Horizontal Line has not been broken 2018. WTI has not been trading higher range of the field since 2019-2014 til it broke down outside "The Big Triangle". Two attempts to break has been made. 2016 we bounced from low on "The Horizontal Line" and we got rejection at triangle for second time....
In this video I go over our watchlist for the upcoming week and I mainly focus on the daily chart... tomorrow in the lat Asian trading session I will focus more on exactly what we will do, but it is imperative for us to prepare for tomorrow today. In the video we go over many forex pairs, indices and commodities. A little bit about our system is below: Our...
#BRENT #CRUDE headed for $51.50 to $51.75. Expect it to happen close to April 20th..
Headlines: - Crude sees quiet Asian session finishing slightly up +0.2% - Russian Minister Lavrov shows support for OPEC+ production cut - Energy stocks lower in Asia as Australian energy sector down -1.7% - US Futures pointing to a negative start with S&P500 futures down -5 points
This formation looks as a very classic inverse Head and Shoulders pattern. though I do not trade WTI , but want to capture this to see it realizes