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Oilforecast

Crude Oil Weekly Volatility Forecast 17-21 October 2022 Crude Oil Weekly Volatility Forecast 17-21 October 2022 We can see that currently the volatility is around 7.44%, rising from 7.04% of the last week. At the same time, its currently place on the 83th percentile based on the ATR calculations. With this in mind, around this percentile, we can expect an average weekly movement from the open price of the candle of: In case of a Bullish movement : 4.63% In case of a Bearish movement : 5.56% With the current volatility point, we have a 21.5% probability that the end of the weekly candle is going close either above of below the next channel: TOP : 91.61 BOT : 79.56 At the same time, there is currently a 30% probability that we can touch the previous high of the weekly candle 93.66 And there is a 66% probability that we can touch the previous low of the weekly candle of 85.2 Lastly, currently the rating from the moving average is around -40% indicating a bearish trend
NYMEX:CL1!
by exlux
The OPEC Supply Cut Effect will push the price = $110My bias,the market was overall bearish before the change in trends as a result of the double bottom chart pattern at around the .0 Fib level. The latest cut of crude supply to the global market by opec will bring a rise in oil price up to 1500 Pips,ie price from current to $97 and a brief pull back before rising to $10. The would likely play out as sanctions on Russia oil left most market with lesser choice but to compete in purchase with the limited oil supply. Tell your oil producing countries to get ready for this price surge vice versa.
TVC:USOILLong
by Ejike_Odeh
OPEC vs $Oil is generally a very speculative topic. I've burned my hands on it a few times and I shouldn't be surprised if i should do it again. Typically, oil can be very heavily influenced by news, like today. Oil prices were heavily influenced by OPEC statements today, although the dollar regained strength on economic news. But that left the price of oil cold. Apart from fundamental, we still have a chat-technical picture. I would certainly rate this as bearish. Once because: - we are still in a downward trend and - 2. there is still a very attractive gap to close down. In any case, the rising dollar, which should bring the black gold to the bottom of the channel again, speaks fundamentally for this. The added pattern is intended to represent the same purchase ratios. I'm curious how it will continue next week.
TVC:UKOILShort
by Heinisch_2108
How Iran's nuclear deal could crush sure of victory oil bullsOPEC wants to support the oil price by reducing production. At the same time, we hear from Iran that the nuclear agreement talks are progressing, if the talks are a success, in the near future Iran could again export oil to the wider world. Last week we heard from the U.S. side that an agreement with Iran could not be reached. Today Iran has released a U.S. American (accused of spying) and yesterday announced that the talks in regards to the nuclear deal are (well) progressing and they could soon access their sanctioned funds. Coincidences? There aren't. Looks like europe/U.S & Iran are very close to sign an agreement, which might surprise oil bulls. If Iran resumed large scale exports, all OPEC members would come under very heavy pressure. I expect the price to rise until a potential iran nuclear agreement is forged, and if forged, leading to a potential oversupply of oil and an avoid of recession (global/europe) Disclaimer: The information mentioned in my post should be taken with a grain of salt. They are only my personal opinion and do not form facts. They are also not a call or recommendation to open trades, do trades or close positions.
TVC:UKOIL
by Lobotto
1
Brent Crude ⛽️Oil⛽️ Analyze!!!Brent Crude ⛽️ Oil ⛽️ has passed the main wave W by Zigzag structure (5-3-5). Oil could finish Expanding Flat (3-3-5) or Main wave X at 138.03$ . Of course, the War can change my Scenario, but I don't expect Oil to break 177$ . I expect the Brent Crude Oil to go DOWN at least to the upper line of Descending Channe & Support Zone . Brent Crude Oil Analyze ( USDBRO ) Timeframe Monthly (Log Scale) 🔴 Resistance Zones 🔴 & 🟢 Support Zone 🟢 that we have in front of Brent Crude ⛽️Oil⛽️ . 🔴 Resistance Zone 🔴: 147$ until 135$ 🔴 Resistance Zone 🔴: 178$ until 159$ 🟢 Support Zone 🟢: 88.6$ until 83.3$ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
FX_IDC:USDBRO
by pejman_zwin
6
USOIL - Similarities between 2008 and nowLast week, our short-term price target of 80 USD was reached. Because of that, we would like to reiterate that we remain bearish on USOIL. In addition to that, we maintain our long-term price target of 70 USD. Illustration 1.01 Illustration 1.01 shows the similarity between the oil price pattern in 2008 and now. Technical analysis - daily time frame RSI, Stochastic, and MACD are bearish. DM+ and DM- are bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, Stochastic, and MACD are bearish. DM+ and DM- are bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
TVC:USOILShort
by Tradersweekly
25
OIL Weekly Volatility Forecast 26-30 September OIL Weekly Volatility Forecast 26-30 September Currently our volatility for OIL is at 6.6%, increasing from 4.7% last week, located on 100th percentile, placing us in a THE HIGHEST volatility environment Based on the previous calculations, there is currently a 15.5% chance that the asset is going to break the channel(the weekly candle it will close above/below) TOP 83 BOT 75.5 At the same time, based on the previous calculations: - There is a 30% chance that the previous high from last week of 86.6 is going to be touched - There is a 70% chance that the previous low from last week 78.02 is going to be touched(at the moment of the writing was already touched) We can deduct that we have a much higher probability to have a continuation of bearish candle than bullish. On average the weekly candle when the asset was located around this percentile are 4.5% for bull candles and 5.1% for the bear candles from the opening price. From the fundamental point of view, news that can affect this asset price this week: - Core Durable release, CB Consumer confidence and Powell Speech for Tuesday 27 Sep - Powell Speech for Wednesday 28 Sep - US GDP coming on Thursday 29 Sep Overall I believe for this week there is higher chance due to the overall global activity to have another bearish weekly candle.
NYMEX:CL1!Short
by exlux
USOIL | Price Is Falling Despite The Energy CrisisUSOIL | Price Is Falling Despite The Energy Crisis It is strange that despite the energy crisis that all the countries are facing and the high inflation the USOIL is still very strong. It looks like it is moving down to the previous price levels close to $60 on the bigger picture. The market is still speculating a lot about the problem that with the economic recession the OIL price should decrease However, never knows what really is happening after the USOIL considering that it has been all the time on the opposite direction with the fundamental perspective. Thank you and Good Luck!
TVC:USOILShort
by KlejdiCuni
15