USOUSD OIL BULLISH TO 24.68 to 32.88| 5th May 2020"How Malaysian people can predict the oil price accurately?
This is the long lost technique which I learn from my father.
Japanese people expert at rice price
Malaysian people expert at oil price.
We are an oil producer since generation.
Alas, not many Malaysian people know it.."
-Zezu Zaza Oil Webinar on 28th April 2020
8 years ago, when I started the journey seriously in being trader (your job is to buy and sell price),
my dad asked me if I want to learn an ancient technique. A technique which not people know
because not all people being in the oil industry at that times.
Well I said, 'Yes of course I want to learn the secret..' I said like being skeptical on how he really
can know the secret of oil price traded. I mean for a second I was like dont very pay attention
about what he told me.
That times I was like 24 years old. Very novice, juvenile and smell like nothing in my head.
Now I am 32 years old. Old enough to experience the trading like 12 years experiences just
only to watch the price daily for 12 years. Market price is my netflix.
'Well son, I learn from your grandpa. He taught me something that people like us need to
know but our races won't appreciate it because they don't know how important really is.'
My father sipped warm coffee. That time felt like peace with breeze air from outside of
our village.
(Back then poor people don't venture into the oil price trade)
Since we are a family which trade the price, we must know all the technique.
How to trade oil, how to trade gold, how to trade wheat.
And all of this traded instrument were totally different on how to trade it.
But younger generation nowadays hit everything on its path.
They think they know everything and trade the same.
Old people from our time is really good than people in your time.
All your gadget, indicator makes you stupid. Things that comes easy,
human wont strive for the success to dig the knowledge.
They prefer the indicator to tells things while indicator is a lagging coding
after price and momentum makes its turn.
I hear his mumbling bla bla bla and bla like 1 hour.
At one point, what he said is true. I cant denied.
Then he off his tobacco cigarette and sipped the coffee.
He show me something which I truly remember until now.
He draw a chart in one piece of paper...
Then I saw something huge.
Something that people need to know.
The secret is so huge to hide.
I was amazed with the prediction.
The price is like a battleground of a chess.
I stood hard to digest on every single details he told me...
To be continue..
Regards,
Zezu Zaza
2048
Oilsignals
ITS OFFICIAL - CRISIS STARTED! OIL ATLHello guys,
As we can see we had a really big drop at 2008 when the crisis hit us, now this time is even harder as we touch the LOWER levels of oil price from the history.
Be careful with your purchases now, market downtrend will start soon and markets will hit bigger lowers again.
Thanks.
Regards,
CRUDE OIL (WTI) KEY HISTORICAL LEVELSGood morning guys CRUDE OIL (WTI) is at KEY HISTORICAL LEVELS , this is a life time trading opportunity and should not be missed for any reason for swing trade. i am dollar cost averaging from this price point . Use low leverage and trade with proper risk management. thank me later. Good luck guys
WTI - OIL ANALYSES
Oil prices are as shown below :
Peaked at 1 July 2008 -147 $ plummeted to 35 $
Peaked at 1 July 2014 -107 $ plummeted to 28 $
Peaked at 1 July 2018 - 77 $ plummeted to 21 $ (You can see this in my profile exactly predicted in September 2019 as of 21 $)
Will Peak at 1 July 2020 -60 $ will plummeted to 9.71 $
So until July 1 2020 May be long after badly short.
WTI Oil: Buy opportunity short term. Scenarios moving forward.Oil is trading sideways on the 1H chart (RSI = 47.613, MACD = -0.080, ADX = 28.589) as it is consolidating on the 19.20 Support. The MACD on the 4H chart just made a bullish cross and if the sequence of March 31 is repeated then we can have a rebound towards the 29.20 Resistance. That would however break the 4H MA200 (orange trend line) which hasn't been testes since January 10th and if broken would be a sign of stabilization and recovery for the market. So until then it is best to target the Lower High trend line of the Descending Triangle.
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OIL up movement but no plan yetThe oil market is overloaded with a geopolitical conjecture and I expect an up movement under the recent jawboning from Trump.
I've mentioned two levels where I'd expect it to come next periods, but for now, don't have any prepared scenarios, it looks like it can be an impulse up with some pretty short corrections.
What is important to mention here, we shouldn't forget that this virus based "switch-off and further expected switch-on" of the world economy can, and highly likely will cause market shares reshaping and higher oil demand.
So in the long perspective, I would expect oil prices much higher than they used to be in Q1 2020, but before this, we could observe many speculations from oil-producing countries in an aim to protect the status quo.
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USOIL Action plan after the InventoriesPattern: Channel Down on the 4H chart.
Signal: (A) Bearish as long as the 4H MA50 is intact and (B) Bullish if it gets crossed.
Target: (A) 15.00 (-40% fall as in the previous Lower Low sequence) and (B) 34.00 (the previous Lower High of the pattern).
Previous signal:
LONG CRUDE OIL WTIThe drop in oil prices is caused by excess supply and shrinking demand (due to covid19 causing demand for oil to drop since industry like transportation don’t need that much anymore).
Russia refused to cut production, in a bid to drown America's high-cost shale producers in a sea of cheap crude. Saudi Arabia responded by slashing prices and ramping up production and this is exactly the opposite of what was needed to balance the market.
Major oil companies including Chevron (CVX) and ExxonMobil (XOM) have been said to have announced cost cutting measures. Another company, Occidental Petroleum (OXY) slashed its dividend by 86%.
OILU LONG SET UP OILU ULTRAPRO 3X CRUDE OIL ETF
ENTRY 1 1.20
ENTRY 2 1.00
SL 0.13
TP.1 $8.00
TP.2 18.20
TP.3 28.20
TP.4 36.00
TP.5 48.00
act.webull.com
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