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!
Oilbuy
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.
www.mql5.com
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.
US Oil LongResuming long position on oil. Setting up a buy limit order @70 with TP @75 and 80 and SL @66. Might add more buy position if there's more fundamentals support and likelihood that oil's gonna shoot up to 80 within the year, aligned with current overall market expectations. Must be careful with impending volatility
www.cnbc.com
www.reuters.com
www.ft.com
Weekly:
Confidence: B (because of geopolitical risks involved)
US Oil LongUpdating my idea last week with a lower buy limit order around @65 and TP still @70 and SL near @64. This is based on bullish overall market sentiment on Oil and price arbitrage opportunity.
www.marketwatch.com
www.bloomberg.com
business.financialpost.com
oilprice.com
oilprice.com
Daily:
Weekly:
Confidence: B (oil is more likely to consolidate at 65 in the short-term, but in the long run it is expected to rise --except if rising US shale oil inventories disrupt the supply-demand momentum as well as fear about another 2008 market crash but this time triggered by oil once OPEC together with Russia, "artificially" boost its price up by extending the December supply limit agreement up to next year)