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USDOIL Crude Oil top | Retracement level targetCan i call the $92 level the 2022 top for Crude oil??? We might see a retracement in USOIL after Russia reported pullback of military troops. Some military units will start returning to their permanent bases after completing drills near the Ukrainian border, said the Russian Defense Ministry. Extending the Fibonacci retracement tool, my price target for crude oil this year is the $79 support. Looking forward to read your opinion about it.
TVC:USOILShort
by TopgOptions
OILhello dear treaders any news from oil ? ok.. let me read the chart oil. first of all lets take look at the oil chart We see that oil is rising sharply Now at what price can this price increase continue? No one knows But the traces of investors can be understood from the chart. Of course, one of the factors that has oil rising in this way is the tension between Russia and Ukraine. In the oil chart, I see resistance from $ 100 to $ 105 even higher, but it is also possible that all of this will be broken because of the Russia-Ukraine war. But if nothing happens and there is no war, the high resistances that you see in the chart can be activated and the price will fall. If the price falls, it falls well because there is no demand area to keep the price because they are all consumed. At the moment, in this political crisis, I can neither signal buying nor selling, I just have to combine all of these so that I can give you the right analysis. Good luck.
O
by CoinActionFx
3
Oil- What are Biden & Putin Trading this Weekend?Today's lesson is about NEGATIVE BALANCE PROTECTION. 🎲🎲🎲🎰 The broker always has the upper hand.. except from nights like this one. You see, markets close on Fridays and open again on Monday. When 'Urgent Situations' arise (like today, Foreign Office tells Britons in Ukraine to leave country now ), the trader can finally have an edge! Oil: The drums of war and uncertainty close to Russia affect Oil and Gas. Supply can potentially become disrupted and prices can rise even higher. Murphy's law says: These things happen on Fridays, they are usually resolved/eased during the weekend, prices could normalize with a gap on Monday. Now let's go back to NEGATIVE BALANCE PROTECTION and how I sometime use it, at my own risk : I am entering a SHORT position on Oil at the closing of today's market hours. Doing so with an amount I can afford to GAMBLE WITH , on Monday opening hours I will have an account either at ZERO or at potentially x2,x5 or even x10. Negative balance protection (some brokers have it, some don't) offers the investor/trader one of the very FEW advantages against the market. That's to be utilized tonight. One Love, the FXPROFESSOR 🎲🎰 ps. DYOR, Risk carefully and only what you can play with,..especially if you ever try such unorthodox methods like I am tonight ps2. Been killing it on Oil: Up, down, Up...now down again?
TVC:USOILShort
by FX_Professor
16
OIL: Contrarian setup aheadEverybody knows that oil is heading to the moon. In recent days, I've heard numerous estimates like $150. However, I think those estimates may be based on panic. Contrarians dare to be wrong, in the face of crowd sentiment - obviously. Everybody can see the same thing on the chart - a well formed rising broadening wedge in a bull market. Expand the chart a bit for a better view. This presents a good probability of bearishness, though price is moving north. For this sort of picture there is an estimated >70% chance of a reversal. What that means is that there is a 30% chance that price will reach the moon. But what traders want is a solid prediction - which I do not do, because I have no ownership of the future. Price doesn't have to get over 90. There is no rule that says wedges have to be 100% complete. But the pattern is sufficiently well formed once there are 3 important points on the upper and lower edges of the wedge. So - in the above I am not saying that 'oil can't go to the moon'. I'm saying there is a lesser probability of that. The red faded line is only to give a picture of what could happen. A line going to the moon would not fit on the chart. 😲😁 I'll be keeping my powder dry, whilst some punch the air. Not a problem. Disclaimer: This is not advice or encouragement to trade securities or any asset class. This is not investment advice. Chart positions shown are not suggestions intended to assure you of an advantage. No predictions and no guarantees are supplied or implied. The author trades mostly trend following set ups which have a low win rate of approximately 40%. Heavy losses can be expected if trading live accounts or investing in any asset class. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
O
by Captain_Walker
2
Which target do we look at for Brent ? According to Ichimoku, we're definitely bullish on long term. Prices are perfectly supported by Daily Tenkan during their ascent. With a Fibonacci Extension, I think that $92 is a probable target to look at. If this one breaks, we could look at the 1.618 Extension, at $109.9. Will depend on the evolution of the situation in Ukraine. A possible fundamental bearish news could be that the de-escalation leads to a decrease in the attractiveness of black gold and produces a pull-back in prices, towards the Kijun Daily as first support. What do you think friends ?
TVC:UKOIL
by Augustus1st
Triangle on WTI, Short on breakdownTriangle formation on short time frame, look for short entry Key Levels : 81.2 - 81.8 - we might see significant support in this zone Observations : 1 - Trendline support is drawn based on more short term basis and I think is more validated than most I've seen posted here as there has been numerous bounce from it as indicated in the chart 2 - Current formation for a catalyst pattern on breakout is support by trendline parallel to said trendline in point 1 3 - There might be a formation for a ascending triangle / rising wedge / parallel action in the pattern as indicated in the red box Trade plan : 1 - I prefer to look for shorts entry here, but there is a small possibility for prices to return to trend based on a break up on a symmetrical triangle that has formed. But the current formation favors shorts 2 - I will not enter short here because it can form either a ascending triangle which is preferable or a rising wedge and parallel channel which is less desirable as there's more room for prices to increase 3 - Once entered, will target 81.2 - 81.8 for take profit Will update accordingly
NYMEX:CL1!Short
by ng4312
Brent crude oil ATTACKING 106 USD LONGMorgan Stanley Jumps On The $100 Oil Bandwagon Morgan Stanley expects oil prices to hit $100 per barrel in the second half of the year, becoming the latest major Wall Street bank to expect triple-digit oil prices by the end of 2022. The oil market is headed to a “triple deficit” of low inventories, low spare production capacity, and low investment, Morgan Stanley said in a note carried by Reuters. The bank now expects oil at $100 in the third and fourth quarters of this year, lifting its previous Q3 and Q4 forecasts from $90 and $87.50 a barrel, respectively. “The key oil products markets (gasoline, jet fuel, and gasoil/diesel) all show strong crack spreads, steep backwardation, and inventories that have fallen to low levels. None of this signals weakness,” Morgan Stanley analysts wrote in the note. The bank is the latest investment institution to predict that oil is headed to triple-digit territory as soon as this year, amid resilient demand, falling inventories, and declining spare capacity at OPEC+ as the group ramps up production. Triple-digit oil “is in the works” for the second quarter this year, Francisco Blanch, head of global commodities at Bank of America, told Bloomberg last week. Demand is recovering meaningfully, while OPEC+ supply will start leveling off within the next two months, Blanch said, noting that it will be only Saudi Arabia and the UAE that can produce incremental barrels to add to the market. Related: How Realistic Are Libya’s 2022 Oil Production Goals? Oil prices could hit $100 this year and rise to $105 per barrel in 2023, on the back of a “surprisingly large deficit” due to the milder and potentially briefer impact of Omicron on oil demand, Goldman Sachs said this week. Due to gas-to-oil substitution, supply disappointments, and stronger-than-expected demand in Q4 2021, OECD inventories are set to dip by the summer to their lowest levels since 2000, Goldman’s analysts note. Moreover, OPEC+ spare capacity is also set to decline to historically low levels of around 1.2 million bpd. “At $85/ bbl , the market would remain at such critical levels, insufficient buffers relative to demand and supply volatilities, through 2023,” Goldman -Sachs said in a note. JP Morgan, for its part, expects the falling spare capacity at OPEC+ to increase the risk premium in prices, and sees oil hitting $125 a barrel this year and $150 a barrel next year.
OANDA:BCOUSDLong
by DaveBrascoFX
1
Crude Prices Are Back to 2014Crude prices continue to rally as Brent crude benchmark prices rose to $89.04 per barrel on Wednesday, almost erasing the plunge of crude prices since 2014.  Crude prices rose after Yemen's Houthi group attacked the United Arab Emirates rising fears over further supply tightening. The attack further escalated hostilities between the Iran-aligned group and a Saudi Arabian-led coalition. Many analysts are upgrading their forecast for crude prices. Goldman Sachs expects Brent cured prices to hit $100 per barrel in the third quarter of 2022. Oil producers are lagging behind to satisfy the increasing demand, which also support prices. If we look at crude prices 7-8 years ago, we may see a strong resistance at $94.50-95 per barrel and there are no significant resistance levels before that. U.S. crude inventories traditionally published on Wednesday this week will be released on Thursday as the United States celebrated Martin Luther King Day this Monday. According to the forecast crude inventories may fall by 1.367 million barrels on the previous week making it the eights in a row in terms of falling crude inventories.  Technically speaking the existing upward trend that started December 20 last year has a very steep angle that may mean an easier change of the trend. The support level for crude prices is within $86.40-86.50 per barrel area, and since prices are above this level the upside movement has the upper hand.However, we may soon see a slight correction of Brent crude prices to the $86.40-86.70 area, where the recent October 2020 peak is located. Traders should be cautious to open any buy operations close to the new highs at the markets is seen overheated. To open buy positions it would be wise to use any corrections to the strong support levels.
OLong
by scavoanastasiia
Oil Update and news 17/1/2022Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ Oil prices surged on Monday, with Brent futures reaching their highest level in more than three years, as investors anticipated supply will remain tight due to limited output by major producers and unaffected global demand by the Omicron coronavirus variety. Brent crude futures rose 40 cents, or 0.5%, to $86.46 a barrel. Earlier in the session, the contract reached a high of $86.71 for the first time since Oct. 3, 2018. Daily Support & Resistance points for Brent : support Resistance 1) 86.46 1) 86.83 2) 86.26 2) 87.00 3) 86.09 3) 87.20 West Texas Intermediate crude in the United States was up 58 cents, or 0.7 percent, at $84.40 a barrel after reaching $84.78, the highest since Nov. 10, 2021, earlier in the day. Daily Support & Resistance points for WTI : support Resistance 1) 84.31 1) 84.59 2) 84.15 2) 84.71 3) 84.03 3) 84.87 The gains came on the heels of a rally last week in which Brent rose more than 5% and WTI rose more than 6%. The Organization of Petroleum Exporting Countries, Russia, and their allies, known collectively as OPEC+, are progressively lifting output cuts imposed when demand dropped in 2020. However, many smaller producers are unable to increase output, and others are hesitant of pumping too much oil in case of further COVID-19 difficulties. Two US officials and two industry sources told Reuters on Friday that the US administration has held talks with numerous multinational energy corporations about contingency plans for exporting natural gas to Europe if Russia-Ukraine violence damages Russian supplies. Meanwhile, crude oil inventories in the United States declined more than predicted to their lowest level since October 2018, but gasoline inventories increased due to sluggish demand, according to the Energy Information Administration on Wednesday. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
TVC:USOIL
by GabiDahduh