Brent
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UKOIL WK1: $250 USD going parabolic super cycle for oil(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: UKOIL WK1 chart review
::: chart is LOG SCALE
::: setup still valid expecting
::: OIL going to hit 250 USD in 2022
::: US is going to impose strict sanctions
::: 5 mln bbl / day production going offline
::: will trigger a massive price spike in oil
::: BULLS should accumulate dips in this market
::: even if Iran deal is signed it's only 500K/day bbl
::: so will only cover 10% of 5 mln bbl/day
::: BULLISH SUPER CYCLE in commodities
::: will be triggered by geopolitics
::: have to get used to high commodity prices
::: BUY ANY DIPS / final TP is 250 USD in 2022
::: 100% upside from current market price
::: WAIT for dips and reload (BULLS)
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: bullish super cycle in oil market
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 110USD fresh demand zone
::: 250USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS / MORE GAINS
::: Sentiment outlook mid-term: BULLS / SUPER CYCLE
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Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
Brent bullish patternBrent has nice bullish pattern on Monthly chart. $180 is next target. Big brother please tell to OPEC something to rise oil supply in this difficult days.
Nothing eliminate crisisIn previous posts WTI and Brent were hesitant for grow or fall and i consider chance of falling is greater.
But fundamental crisis happens and Crude oil broke all resistances. new analysis show that oil has powerful restriction in 127 USD but problems with Russia grow in future and i think oil will see prices ever sees.
#CDEV #WTI OIL IS BACK ON THE TABLE#CDEV #WTI OIL IS BACK ON THE TABLE, political pressure and Russia self-suicide leadership may revive the american oil industry. The world needs oil and it needs it now! Let's see if this fallen companies can do monster profits this year
180$ for barrel?! What will happen with Oil Price during WarOnly peace will save us - as one proverb says. But is it really the case with the oil price? The war in Ukraine and the turmoil over Russian oil are shaking the markets, so we have to look at the situation from several perspectives.
the nearest option resistance is at USD 120
we have a lot of Virgin VPOCs below the current price, which theoretically should act as a ballast inhibiting further increases
in the background the risk of the imposition of further sanctions banning the import of Russian oil in individual countries
ignorance of OPEC at the last meeting - political and supply turmoil around oil and the session ... lasts a record 13 minutes without mentioning the oil supply limitation by one of the key OPEC producers!
The situation becomes even more interesting if we see where the funds are located on the Options from the Expiry Date in mid-April 2022 - the resistance (i.e. investors place money on CALL options) with a record high turnover is ... the level of USD 180 per barrel! At the time of writing the analysis, we have as many as 4241 options there. Even at the next expiration of options in mid-March (little time until Expiry), we can see the capital shifting towards $ 140, where levels of $ 100-110 were staked at the beginning of the war in Ukraine.
The options market often brings information well in advance. Get an edge in trading today with access to daily analyzed levels and option data from multiple instruments. The inquisitive will find a link to the page where the results of trading with the use of tools and option data are presented, as well as information about the mechanics of the market available for free.
And what are your expectations for the coming weeks ad. oil prices? I'd love to hear from you!
OIL Multi Year Bull Market?Is OIL in a Multiyear Bull Market.
Oil demand is growing and supply is not. There has been significant under investment into shale oil. OPES supplies are being exhausted and offshore production growth is flat to dwindling.
ESG mandates are putting pressure on the fossil fuel industry as a whole but ESG are only affecting one thing. And that is supply. The mandates have not addressed demand which is increasing.
There is already the start of an energy crisis hitting Europe with Gas and Coal price soaring
oil gas coal and uranium Stocks are the place to be over the next few years imo.
TS ❕ CADJPY: growth after a false breakoutAs expected, the price for this currency pair will grow after a false breakdown at the level of 89.935.
BUY scenario: Growth is expected after the price closes above the level of 90.640.
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Remember, there is no place for luck in trading - only strategy!
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DeGRAM| USDCAD however downThe Canadian dollar is supported by high oil prices, but at the same time, the US dollar is supported by the geopolitical situation. However, the price is still expected to fall to the level of 1.26660.
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TS ❕ BRENT: strengthensGrowth in oil can be expected in the near future due to the situation in Eastern Ukraine.
BUY scenario: The most conservative move would be to enter from the support line. But most likely the price will go to 103.50 approximately from the current prices.
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
BRENT CRUDE OIL EXPECTED RALLYUK Brent opened with a bullish gap after the weekend in Monday (28.02.2022), with prices rising due to the intensified situation between Russia and Ukraine and the fuel distribution insecurity in Europe. But the price met resistance at 103.26 USD and reverted back, closing the initial gap and meeting support at 97.18 USD.
Both MACD indicator and RSI indicator are confirming the bullish trend, which indicates that the instrument might try again to break the resistance at 103.26 USD, and if it does that, it will probably attack it's high at 105.74 USD. In the opposite scenario, the instrument might try to test again the resistance at 97.18 USD.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Brent Crude OilBrent Crude Oil is moving along a channel. On the fundamental side, conflict in eastern Europe and OPEC's limited production capability will create a situation of supply shortage.
Wheat, Naturalgas, Brent, Coffee and Cotton vs BTCWheat, Naturalgas, Brent, Coffee and Cotton vs BTC in one chart, all long!
DeGRAM| AUDCAD rather downThe price of the currency pair is trading below the level of 0.92055, which indicates a short-term short. Thus, most likely in the near future we should expect a fall to 0.91435.
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CRUDE OIL (WTI) Bullish Rally Continues! Key Levels: 🛢
Hey traders,
Due to a geopolitical sentiment,
WTI keep rallying.
Here are the next key levels to watch:
Resistance 1
107.0 - 115.0
Resistance 2
140.0 - 148.0
I believe that the price may reach these levels soon.
Take care, traders!
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Brent Buy signal Brent has new support zone, This time it has big chance to reach $100. First target is $85 resistance. A lot of interesting things are waiting for us ahead!