crude oil technical analysis forecast Oil shows signs of inability to cope with price levels of over $ 53, what the next step Choppy trading pattern in WTI crude oil, which has lasted 14 months. As we hit another peak, the risk/reward favor is a move back down, unless we break out above $53. The ability of the industry to…
crude oil technical analysis forecast Oil shows signs of inability to cope with price levels of over $ 50, what the next step Choppy trading pattern in WTI crude oil, which has lasted 14 months. As we hit Another peak, the risk/reward favor is a move back down, unless we break out Above $53.OPEC is struggling to balance the oil…
Crude Oil Prices Forecast Analysis Update Crude oil technical analysis Will the history repeat itself ….. well if you ask me the answer will be yes !We saw today almost 7% move in crude oil price, OPEC agrees first oil output cuts since 2008, an agreement was in line with an accord reached in Algiers in September. OPEC member Algeria…
Crude oil Forecasting step by step “Crude oil can be seen that the Last support area holdsAre we are going to 26-28$…. and performed a move that will lead to areas 51-4$……” The move was realized one by one, Then I repeated several times that oil will be difficult to go through these levels Now I think, by the behavior…
CRUDE OIL PRICES TECHNICAL ANALYSIS Let’s start with the lows at 26$ and the expected run to 50 areas: it was written here now I’m going to focus and test the sıtuatıon we have ,There are several interesting thingsFirst, as I mentioned in a previous post – the oil is going to close the Gap area of the $ 40, and…
The Dummies’ Guide to Crude Oil Crude oil the Current Situation:There are several things on the graphWeekly overview image, there are two very significant Candles: The First Candle is a candle closing Bear 51.70 and 48.90 in the second candle on the other hand is a bullish candle with a bottom closure in 45.70 and 48.90 zoneThese candles can learn…
crude oil prices COT suggest that we may see crude at Crude oil advanced to a seven-month high, US drilling increased from the lowest level in more than six years see the chart below,The rig count has dropped since hitting a peak of 1,609 in October 2014 as U.S. crude futures fell from over $107 a barrel in mid-2014 to…
will crude oil prices cross up the 50$ It was written and expected that the crude Oil prices made the last move from my last post Now crude oil achieving a year-to-date high above $46.80 per barrel yesterday, after all, the meetings and talking’s features crossed that OPEC heavyweight Saudi Arabia and Russia had consented to stop generation and others meetings and…
crude oil prices rebound after crash tonight Failed Doha deal A few examiners had called this the most vital oil meeting in decades. It was broadly expected that the meeting would end without an assertation crude Oil prices costs hopped a week ago, with WTI achieving a year-to-date high above $40 per barrel, after features crossed that OPEC heavyweight Saudi…
Why you should trade Crude Oil price in and out After the pattern archived: as I mention the last post- the pattern suggests the bullish trend, for the coming trading sessions, pointing that the prices creating a possible bullish pattern that its confirmation wti level situated at 39-40 $, from looking at the charts we can see also the resistance at 42-43…