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USOIL WTI Crude Oil Short, breach of a decade long pattern Oil has breached a 13 years long falling wedge. I will be shorting until the 55/57 area, then switching to a long term buy that, in my opinion, could lead priced up to the 130 area. This would allow the big petroleum companies to sell their oil stocks at higher prices as they decrease production to switch to environmental friendly vehicles. You can see that the pandemic created a spring that allowed smart money to accumulate positions at advantageous prices, around 0. We'll see a lot of strength after the trend-line has been retested. Please like and consider following if you enjoyed the idea. Peace. TrickleDown FX
TVC:USOILShort
by TrickleDownFX
3
Analyzing RECAF and USOIL Recently, USOIL and RECAF have both taken a tumble. Named "The Hottest Oil Play in Decades," we surely have more to see from RECAF in 2021 and 2022. As you can see, USOIL's candlestick progression is clearly notated by the dark grey line displaying price action on the front. Experts predict USOIL to bottom around $55-60 USD. After that, experts predict OIL to stabilize around $65-80 USD levels. The ultimate top predicted is $100. This would lead to gas prices around $4/gallon for your Suburu's fill up. At around $2.50, we still have plenty of room to run. However, Biden's administration has asked for lower gas prices for now, as the economy continues to recover from COVID. Will the Oil Barons be able to produce more oil to lower gas prices, or will we see gas prices once again rising up? I wouldn't put it out the question. ACTION PLAN: Currently, RECAF is still in a bear pattern, though we still a slight uptick today as price actions grapples for the last few bites of the bear. 1. Can RECAF's stock price go down to the most favorable price target for longs, $1.80-3.50 USD? Formidable support levels lie here, protecting it from falling lower. 2. Or will we remain in a bottoming formation pattern around $4.75-5.25 USD? The median price is $6.20 USD and that may be met sooner or later. Overall long price target for long-term holders: $12.81 USD Feel free to write your thoughts in the comments as well.
OTC:RECAF
by Grandmaster76
Short Vision on OIL for 10/08/2021Hello Dear Traders, You find below my analysis for OIL which is near in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame OIL will fall to 66.8 as I am showing in my chart. Our Daily Goal is 66.5. Currently, OIL is moving towards the resistance level of 68 ,where there is some liquidity from this value we are looking for short-term selling opportunities of OIL. Good Luck and enjoy your Bearish Market for today. Entry:@ 68 TP1: @67.6 TP2: @67.3 TP3: @66.8 SL : @68.5 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
TVC:USOILShort
by HugoAJROUCHE
Breaking: The OPEC report is issuedOPEC monthly report was issued a few minutes ago, and the report was not positive for OPEC+ and the oil-producing countries within the group, led by Saudi Arabia. OPEC kept its forecast for oil demand in 2021 unchanged at an increase of 6 million barrels per day, bringing the average to 96.6 million barrels per day, and also kept its forecast for the growth of oil demands in 2022 by 3.3 million barrels per day, bringing the average production to 99.86 million barrels per day. While OPEC+ raised its expectations for an increase in the production of oil-producing countries outside the group by 840 thousand barrels per day, to reach an increase of 2.9 million barrels per day, with a total average of 66.9 million barrels per day in 2022. It also raised its forecast for the production growth of oil-producing countries outside the group in 2021 by 270,000 barrels per day to reach 1.1 million barrels per day, with a total average of 64 million barrels per day.
TVC:UKOIL
by basembitar
Short Vision on OIL for 04/08/2021Hello Dear Traders, You find below my analysis for OIL, which is near the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame OIL will rise to 70. Our Weekly Goal is 71.3. So we are looking for a pullback to repeat what we have marked up and executed over the last few days, demand is still there. Simply looking to buy the dips effectively, the bullish trend still here since April 2020. Currently, OIL is moving towards the support level of 68.3 where there is some liquidity, from this value we are looking for short-term buying opportunities of OIL. Good Luck and enjoy your Bullish Market for today. Entry:@68.25 TP1: @68.6 TP2: @68.9 TP3: @69.3 SL : @67.8 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
TVC:USOILLong
by HugoAJROUCHE
Has Oil's uptrend come to an end?My short answer is no. Oil hasn't peaked yet in my opinion, although in the short term it might chop between 63-77$ before a big breakout. As OPEC+ has decided to increase production, we might slowly see the effects of that + there are some general deflationary pressures like new Covid strains and endless lockdowns that might push oil lower in the short term. However in my opinion due to the ESG movement and the climate change proponents in general, the underinvestment in oil + forced production cuts due to protests might limit supply so much that if demand slowly increases the price of oil could skyrocket. Technically Oil is still in an uptrend and its more than a decade long bear market has come to an end. Speculators were flushed out but oil has manage to hit some key levels which if broken might attract more speculative capital in the market. Above 77$, 90$ is a very easy target and we could see it go even to 100$+. In the short term if there is a panic across all markets and we get a strong dip everywhere, I think oil could get to 42-55$, which in my opinion would be an incredible opportunity. Oil around 50$ is ok for allowing for more global growth, but it is also signaling slow growth. Low oil prices could translate in lower bond yields which would mean deflation which would allow the status quo to remain.
TVC:USOIL
by BitcoinMacro
Long Vision on OIL for july and augustHello Dear Traders, We can see the crush that happens this week for oil prices is due to the disagreement in the OPEC meeting for August production over the oil production where UAE want to increase the oil production and the market disruptions due to the coronavirus number of cases in the UK, Singapore... Maybe, OPEC + tomorrow's Meeting will give some good news about oil production. You find in this video my analysis for OIL, which is near the buy zone. I expect the price to rise more and more till the end of the year where we can touch 90$. According to my set of rules, in the H4 frame OIL will rise to 72 . Our Weekly Goal is 73.3. So we are looking for a pullback to repeat what we have marked up and executed over the last few days, demand is still there. Simply looking to buy the dips effectively, the bullish trend still here since April 2020. Currently, OIL is moving towards the support level of 66.5 from this value we are looking for short-term buying opportunities of OIL. Good Luck and enjoy your Bullish Market. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
TVC:USOILLong
by HugoAJROUCHE
Long Vision on OIL for 19/07/2021Hello Dear Traders, You find below my analysis for OIL, which is near the buy zone. I expect the price to rise. According to my set of rules, in the H4 frame the price of OIL will rise to 72 . Our Weekly Goal is 73.3. So we are looking for a pullback to repeat what we have marked up and executed over the last few days, demand is still there. Simply looking to buy the dips effectively, the bullish trend still here since April 2020. Currently, OIL is moving towards the support level of 69.5 where there is some liquidity, from this value we are looking for short-term buying opportunities of OIL. Good Luck and enjoy your Bullish Market for today. Entry:@69.8 TP1: @70.5 TP2: @71 TP3: @72 SL : @69 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
TVC:USOILLong
by HugoAJROUCHE