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Crudeoilforecast

NATO countries-Russia Crude Oil CrisisDelicate situation with Crude Oil. Levels are almost to similar seen back on 2008. The price will definitely continue to rise if EU countries and other NATO countries don't find a new partner for Crude Oil. Venezuela and Iran are amongst the preferred choices to solve this crisis, but this could take a couple of months to see action from talks. Meanwhile the price keeps escalating as the pace as the war fought in Ukraine. We're adding more volume on Crude Oil and other commodities such as Wheat, Aluminium and other commodities affected by this crisis. Right now we don't own any stock, but only commodities, and we'll continue to add more volume as long as this crisis keeps escalating. Regarding technical analysis, it's very difficult analyse it from this angle, it's similar to March 2020 crisis, when this things happen, just take a look 1 weekly and 1 monthly chart with RSI and MACD and keep an eye on extreme levels. At any in the coming months we could see a trend reversal. There is no free meal here, and there's always an expiration date on commodities, don't stay there forever.
NYMEX:CL1!
by alvaromroo
3
Oil is near its selling zone. Oil is on fire because of sanctions against Russia. Russia is one of the largest oil-producing countries globally, and the European countries mainly depend on Russian oil and gas. The sanction against Russia put the fire on the oil sector. So, it is tough to say where the oil price will stop. But there is something about to say technical analysis and profit-taking factors. As long as the European don't find alternatives, the oil price will rise. But profit-taking is a must for every trade. The present rates are $110/115/Barrels seem a profit-taking zone. That means oil may go in deep correction nearly from the present rate. So, I expect oil to drop from $110/115 to $90/92 for profit-taking purposes. But remember, profit-taking doesn't mean the trend is changing. The oil trend still is in an uptrend as long the European countries don't find the alternatives of Russian oil or the OPEC agreed to produce more oil. So, we can sell in the short term from the present rates to the $90/92 price zone after deep correction, and we will go for buy again from the $90/92 price zone. On the other hand, if oil breaks above the $115.00, we will continue our trade till the 2008'sswing high price zone of $145/150 price zone. However, I am not expecting it yet. I expect a correction first in deep, and then we will buy again. But I am still bullish on oil. If you like my chart and analysis, please like, comment, share, and follow me.
TVC:USOILShort
by Gold_Trading_Expert
Why Crude Oil and NATGAS prices are rising? What is next? Since August 20202, the crude oil price has risen because of demand. However, during covid suddenty, crude oil demand dropped. But very soon, crude oil managed to recover its market. Since November 2020, Crude oil prices have been rising gradually following its trendline support and trendline resistance. Everything was fine till the Russian and Ukraine crisis started. When the situation started, and till now, crude oil prices rose almost $25/barrel. Is Russia is a factor in the rising crude oil and others fuel prices? The answer is yes. Russia is the largest exporter of fuel to the European market. Neither the United States nor Russia has moved away; On the contrary, both sides have increased their military presence. In the meantime, the Nord Stream-2 pipelines have been under discussion for a few days. This pipeline has been laid to take gas from Russia to Germany. However, both the United States and Germany have said that if Russia invades Ukraine, work on the Nord Stream-2 pipelines will be delayed. As a result, NATGAS prices also rose nearly $2. Russia, Norway, Algeria, and Qatar are the four countries in the European Union that import the most natural gas. Of this, 41.1% came from Russia and 16.2% from Norway. The rest of the countries from which natural gas comes are less than 10 per cent. The same is true of crude oil. Europen country's imports from Russia are 26.9 per cent of their crude oil. The amount of crude oil imported from any other country is not more than 10 per cent. In addition, 47.8% of timber and coal are imported from Russia. According to the European Union's 2019 update, the United States imports 16.6 per cent of this timber and coal. This means that if Europe imposes sanctions on Russia over its attack on Ukraine, Russia alone will pay the price. In this context, we can talk about the 1967 Israel-Aber war. In the wake of the six-day war, Saudi Arabia, Kuwait, Iraq, Libya, and Algeria joined forces to cut off fuel supplies to the United States, the United Kingdom, and West Germany. In 1963, the Arab-Israeli war broke out again. Once again, Arab countries cut off oil supplies to the United States. The reason is that the United States supplied arms to Israel. In addition, Arab countries cut off oil supplies to the Netherlands, Portugal, and South Africa because they supported Israel. Although its impact is felt worldwide, oil prices are rising all over the world. Though the situation is not the same right now, Arab countries are best allies with the USA and European countries. But we have to keep in mind that Rusia himself supplies 41.1% crude oil to Europe. So, only the Arab countries won't tackle that demand and situation. So as long as this crisis won't finish or world leaders won't reach a solution, it is expected that the crude oil and NATGAS price has more chances to rise in the upcoming days. If you are a crude oil and NATGAS trader, you should always keep in touch about the Russian and Ukrain issues. As these commodity prices stay in pick, any developing news about the Russia and Ukraine crisis may decrease crude oil and NATGAS prices. Crude Oil Technical Analysis Crude oil is hovering nearly its trendline resistance zone. The present rate, trendline resistance, is identified at $93/95/barrels. So, unless the crisis accelerates, we may see some correction from the trendline resistance level. $77 is identified as trendline support from the current level. If the market goes for correction, it may test the $77/75 price zone. As long as crude price holds above the $75 price zone, it still is an uptrend. So, we may see another upward lag from the $77/75price zone. Our final upside target is $100/107price zone this year. It may take time to see the crude oil price above $100. But if what won't solve the Russia and Ukraine issue and accelerates more, it is just a matter of time before the crude and NATGAS price will spike to the upside.
TVC:USOILLong
by Gold_Trading_Expert
1
Oil Trade AnalysisOil has reached an important price level, which will determine the trend for the following week (at the very least). From here I see only three possible scenarios, starting with the most likely one to occur. 1) Price pulls back from the resistance level, as I presume a lot of people will be shorting the high level of 25th October. Alternatively, it can consolidate in this area until all the shorts are absorbed. Then, it pierces through that level and blasts up. If you are breakout trader/investor, that would obviously be the moment to buy. I probably would wait for some pullback, just in case we see scenario 3, discussed below. 2) Price bounces off that resistance, consolidates for a bit and then drops down, in which case I am looking to open a short position. Pretty straightforward. 3) Fake-out, although most unlikely out of the three, still quite possible. A sudden spike up will trigger the stop losses of the short players and will invite the breakout traders to open their longs. A quick drop afterwards would kick the latter's stop losses and eventually you are left with a much smaller amount of participants in the move. This is one of those levels where you don't necessarily set a limit order, but wait and see how price reacts.
CAPITALCOM:OIL_CRUDE
by Quant_
USOIL 78.87 +0.03% SHORT IDEA * REVERSAL & PRICE ACTIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE USOIL ENERGY. * The ENERGY is currently trading in an ascending channel but seems the channel now consolidating in a BEAR FLAG just above of structure. - Short term the pair has currently entered a consolidation as WE break below on the 4h chart this set up comes into play. - There is a demand zone to look out for on the ENERGY before we continue with the bears, BREAK BELOW will trigger the set up. - Looking for SHORT entries on the pair this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
TVC:USOILShort
by PULEMokhothu