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Oilshort

Is it time to buy some OIL? EngineeringRobo warned you!Oil prices have plunged this year, as supply has jumped and demand has plummeted. They are down more than 50% just this month. On Monday, they took a new leg down, with West Texas Intermediate crude futures temporarily falling below $20. The last time Texas oil settled below $20 was in 2002. Smart EngineeringRobo traders know when to enter when to exit OIL. EngineeringRobo offers strategic trading entry and exit points, so you can preserve capital before markets tumble, and take full advantage as they start to rebound. At a glance, market timing indicators tell investors whether market conditions are right or whether it’s safer on the sideline. When it comes to investing, time is of the essence. Keep tabs on market conditions, explore investing opportunities and trade; all in EngineeringRobo! Sadly with the amount of wrong information out there, learning how to trade profitably alone has become almost impossible. Even most advanced traders are lacking some key tools that could unlock their potential. Thus, EngineeringRobo suits beginners as well as advanced traders because it gives basic to complex tools in a very progressive and easy to follow way. ---- Does EngineeringRobo compatible only with crypto? No, our products are not only compatible with Crypto, but with Stocks, Commodities and Forex as well. Get benefited by using our products for all of the above markets. Start your one week free trial today!
NYMEX:CL1!
by CryptoEngineering
4
OIL going to Retest 22.05Oil is been rejected from resistance line at $28, now oil will retest the $22, is a double bottom, so let's see how interact with the support line. It could be a potential breakout to the downside. MACD and SRSI pointing down. Also oil price could be affected by the news, so please be careful and also use SL, especially when you use leverage. also your risk/reward is higher near the support/resistance lines (key levels) Push like when this idea useful to you! Leave a comment below! Legal disclaimer: I am not a financial advisor. You trade at your own risk and nobody can guarantee you results.
FX:USOILShort
by Chartista_com
OIL, Winter is coming...What a bloody day and more to come. A lot of people might ask why? And How That's possible? Is this a bullish sign? Are they gonna pump it out? Moon!? The answer of all of these questions are a simple "No"! But why? First, institutional moneys from both big investors and governments are moving to safe haven in order to keeping them away from loss or less Second, Some people or governments for dealing with current situation need money. So they will dump every share they have whatever it takes. They start with whatever they have more or whatever they don't need first. Oil of course, is the last thing you want to keep in Corona Virus crisis. Now what will happen? We're gonna go up for a few days for hunting some newbies, market now needs some fresh money. Then we tank down to target
FX:USOIL
by kohouooio
will WTI oil deepen its losses ?The more it waits at these levels of prices, the greater the negative perception of it to the 20$ per barrel, and from there we will see great support levels that see it as it is currently at least. And the basics don't say that there is a solution to the oil war in the short and medium term, and knowing that this war began with Russia’s refusal to reduce its production in order not to allow the American oil companies to increase the production of shale oil and than take over their market share, and this may Russia prepared for it before and increased its reserves in gold, so that it can now stand up to these price drop.
FX:USOILShort
by ghattas360
Believe it or not? Crude at 35 or less!Last week saw crude prices weaken much further. This was a double whammy from the COVID-19 going viral globally as well as the imminent oil producer spat, particularly between Middle Eastern producers and Russian producers. That was just the cake... the cherry is in the form of a PRICE WAR, and one that has just been declared! According to Bloomberg, the Saudis are so upset with the Russians that they announced a BIG OUTPUT HIKE , of over 10 million barrels a day, in an aggressive response to the collapse of the OPEC-Russian alliance. This move is going to wreck havoc in the markets and the mayhem should bring Crude prices to 35, or below! In the attached chart, crude had a committed bearish candlestick to close the week. This was perhaps in anticipation of a not so favorable outcome, and so it happens. Technically, with Fibo retracement projections, we may expect crude prices to be about 35 over the next two weeks. The OBV and MACD are already bearish, and points too further downslide. Now, when crude prices fall that low, some things begin to totally not make sense. Especially with an energy source this cheap, and a world eager to go on full steam at some point in the near future (once the COVID-19 issues are reined in. All it would then need is a trigger to spike oil prices to the moon. Let’s watch this closely as it pans out... and needless to say, I suppose we all know what to do, right?? Plan, Position, Profit
NYMEX:CL1!Short
by Auguraltrader
CRUDE OIL Price Will Drop To $20 or Worst $18.15| 3rd March 2020Price oil not only has been a target to a massive selling from investor but the oversupply from the country exporters while China that has to be no.1 oil purchaser has not buying oil price as per regular basis. As per chat on monthly timeframe, there was a significant supply has been going on in the market recently. The chart clearly shown that the supply of oil still continue to supply even the crisis of pandemic has gotten worst. To prevent this to be oversupply, the oil producer has being in the decision to cut the oil supply so that to maintain the fair price of oil around $50 per barrel. While this cut is implementing, it will takes time to be control. The price right now closed around $45 as 1st March 2020. The price has done the correction pattern which is why it tends to slope against the prior uptrend. It is a short term pattern and this will tally to the cutting implementation from the oil producers countries. I am predicting the price of oil will bearish hitting around $20.00 or worst $18.15 per barrel before it will continue bullish to meet the fair price. Please like, subscribe and share this post. Dont forget to thumbs up if you like. Please follow me to get the latest news regarding the trending topic of prophecy. Regards, Zezu Zaza
OShort
by Zezu_Zaza
7