Teekay Tankers is a Marine Shipping company that is a Subsidiary of The Teekay Corporation, and it mainly focuses on the Shipping and Storage of oil. Recently, the BDI has begun to rise, and oil demand has picked up, leading to increased demand for dry bulk shipping. Despite this one already being up a bunch, I do think it has formed a nice enough Cup with Handle...
We have a Triple MACD Bullish Divergence at the PCZ of a Bullish Bat that happens to align with the 200-Week SMA and the 800-Week EMA. I have generally been bearish on this chart since the highs back in 2022: but the persistence it's shown at this Harmonic and Technical level of confluence makes it hard to ignore the potential for at least a 50% move up back to...
USOIL has managed to stay slightly above the PCZ of a Bearish Butterfly as well as to not break down any trendlines and avoid the bottom of the Range; However, Despite how strong it may look it still has dailed to break structure and it has been showing lots of Bearish Divergence. So long as the range holds i suspect that we will trade back below the 1.618 and...
We have Bearish Divergence on the MACD at the PCZ of a Bearish Butterfly and a 3 Line Strike to go along with it. I think we will make our way below the trendline then breakdown fast to the weekly lows.
We have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below. I will be waiting for the stock market to actually open...
Should we prepare ourselves for new important news? Is a new war coming? What will happen to this vital energy (for this period of time) that the oil price chart shows its price increasing?
All targets are Achieved. Tast's an update. As I said in the WTICOUSD chart analysis on July 21, the price dropped to the $96 range and started rising to around the price of $104.
The West Texas Intermediate Crude Oil market has been all over the place during the trading session on Thursday, as traders continue to try to price in a bit of a premium for Russian aggression, and of course, the fact that most shipping companies will have nothing to do with transporting Russian oil, effectively taking 10% of the world’s inventory off-line....
Hi Traders, Crude Oil has seen some crazy gains completely supporting the V shape recovery stated at during the first and second lockdown. price is currently reaching similar levels to pre covid which bring to light the idea that oil is now well over extended. $63.5 is the level we are looking at for a rejection and for price to move lower. Thanks The Market...
We have vaccine! YES, but we also have a pandemic (still)
Hi Traders, We have here one of my most favourite assets to trade. Oil brings great volatility and even greater potential for profits. Oil could potentially hit $50 over the next few months. Global inventories have been in moderate decline that will accelerate by mid-2021, the chief executive of Vitol, Russell Hardy said as quoted by Reuters. Thanks to...
Giriş: 36.020 Stop: 36.70 Tp1: 34.3 Tp2: 32.6
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the pattern and watch strong price action for buy.
ANALYSIS ON West Texas Oil Welcome to my analysis - 2HR CHart - Interesting Point of interest In the West Texas Oil pair. - Price above 200 day EMA. - look for buy signals. - Expecting some minor downward movement. - Watch 59.00 for take profit. - MACD showing bullish divergence Stay Tuned
Hello traders, The bigger 3 wave B structure in the middle is almost complete!! Look for the bigger up move first to break the trend line and then if we don’t get a sharp rejection we will look for a consolidation and another up move to break the 60.2 / 61.0 range in order to complete the huge flat pattern before we eventually head back down for the monster...
Sell with the trend. Wait for confirmation in 4h canddles...
Hello traders, We just made a strong impulse up exactly as predicted and now we are consolidating nicely without failure. Look for the next breakout and click BUY. Refer to my forecast that I made earlier to see what the bigger picture looks like. Check out some of my other ideas posted under 'related ideas' down below. If you would like me to forecast a...