Oilbuy
USDWTI Oil 4H Long SetupHello traders this is my analysis for a long setup on Oil.
I'm expecting a retracement to previous resistance followed by a bullish move to previous highs.
Target may be adjusted if this has long term potential.
I will update as necessary.
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OIL BUY OR LONG TARGET UP TO $44OIL confirms the "SHS" price increase pattern,
oil buy : 39.20 +-0.1
oil target : $44 +- 0.2
stop loss : $38 for margin (Long) .
stop loss : $37 for buy investing long term .
Wish you good deals!
What pitchfork indicator says about Crude oil Future!!The pitchforks indicator gives us signs on the trend of Crude Oil Future.
We have an increasing trend between S1 support and R1 resistance, so we expect that CL will continue evolving inside that hallway.
In case he breaks down the S1 support, we will see a bound on S2 so that the CL continues its growth inside that indicator.
However, if he break up or down the pitchforks indicator, we expect a new trend of CL.
BUY OIL!!!!! The technicals demand it.With the USA gradually lifting restrictions on Covid-19, the wheels of industry will soon be turning again. And what greases those wheels? Yes - OIL .
A glance at the Monthly chart on BCOUSD shows a very pleasing end of month long-legged doji - a sure sign of indecision. Add to this the bounce off the WPP mid-pivot and everything says BUY!!!!!.
I'm in at 23.82 with a STOP at 22.24 and a provisional take profit at 26.52. Looks a winner to me.
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RoyalDutchShell (RDS.A) upcoming attractive oil stock dividend"The Company consists of the upstream businesses of Exploration & Production and Gas & Power and the downstream businesses of Oil Products and Chemicals. It also has interests in other industry segments such as Renewables and Hydrogen." right now Shell currently offers the highest dividend yield among the oil majors, at 6.5%. Moreover, that dividend is comparatively safe: Even during the oil price downturn of 2014 to 2017, Shell didn't cut its dividend like many independent oil producers. It is also trading at an attractive valuation right now,, a consistent payout.. its a gasoline play thats not about the gas,, this is to become an attractive dividend stock by far.