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Crude Oil Brent

Brent above @$100 might not be a myth !Brent have two recent bottoms 1.June 2023 ($72) and 2. August 2023 ($82.5) and has rallied more than 33% since July. The rally still looks to be continuing without till 496, $98.5 and $100 very soon. Given the strong momentum buildup and supply cuts from OPEC+ has given the oil a due rally which the cartel was expecting since June 2023. Technically speaking levels of $126 are also on the charts as the commodity is breaking out of a Declining wedge pattern which was in formation from Jul 2022 to Jul 2023 a strong supply side pressure will be giving the commodity due advantage to rise above $100 to $125.65 as we can see.
TVC:UKOILLong
by chandakpulkit
Oil Reserves Plummet to 40-year LowThe Biden Administration is treading on dangerous ground as it continues to deplete the Strategic Petroleum Reserve (SPR) to levels not seen in decades, as geopolitical tensions flare and as global crude prices remain high. The chart above shows that the Strategic Petroleum Reserve has declined to levels not seen since the early 1980s. The SPR is a tool used to alleviate the market impacts of both domestic and international disruptions, caused by among other things: weather, natural disasters, labor strikes, technical failures/accidents, or geopolitical conflicts. Source: U.S. Department of Energy. Office of Cybersecurity, Energy Security, and Emergency Response. This image is in the public domain. Since the start of 2023, the SPR has drained by another 6.5% or 24 million barrels. Source: U.S. Department of Energy. Office of Cybersecurity, Energy Security, and Emergency Response. This image is in the public domain. The SPR is comprised of 60 caverns, each one of which can fit the Willis Tower, one of the world's tallest skyscrapers. Source: U.S. Department of Energy. Office of Cybersecurity, Energy Security, and Emergency Response. This image is in the public domain. The decision to withdraw crude oil from the SPR in the event of an energy emergency is made by the President under the authority of the Energy Policy and Conservation Act (EPCA) and done through competitive sale. Perhaps what is so remarkable is that over the past 2 years, the Biden Administration has released nearly 300 million barrels of crude oil from the SPR, concurrent with the Federal Reserve undertaking the most extreme pace of monetary tightening on record in its attempt to maintain price stability, and yet crude oil prices have barely subsided. In fact, in recent months, crude oil prices have surged, as shown in the chart below. The global crude benchmark, TVC:UKOIL has been on an upward trajectory in recent months, soaring nearly 30% since June. On the higher timeframe chart, we can see that crude oil prices show strong upward momentum. As soon as the Federal Reserve pivots back to monetary easing crude oil prices will likely resurge. A log-linear regression channel is applied to the quarterly (3-month) chart of NYSE:OXY Petroleum, showing the current bull rally could just be the first leg of a multi-year upward trend. The red line in the middle represents the mean price and each gray line represents one standard deviation from the mean. Perhaps the tendency of crude oil to rise in price over the coming years is why the Oracle of Omaha , Warren Buffet, began purchasing a large number of NYSE:OXY Petroleum shares in 2022, accumulating more than a 25% ownership stake in the company by mid-2023. Some financial experts are sounding the alarm about the SPR depletion. The founder of The Bear Traps Report , Larry McDonald, has indicated that the drastic decline in U.S. oil stockpiles, a critical asset in times of conflict, undermines America's energy security. McDonald is warning that diminishing domestic oil reserves heighten America's dependence on imports, potentially exposing the nation to severe supply disruptions and extreme price volatility in the international oil market. Each time the price of crude oil subsides, petroleum exporting countries, including Saudi Arabia and Russia, cut production to keep prices higher for longer. To some, it may seem that these production cuts are a gray zone tactic meant to deplete an adversary of its strategic oil reserves before engaging them in a conflict. There is also collateral damage occurring to the U.S. dollar. The petrodollar system, which emerged in the 1970s when the U.S. abandoned the last vestiges of its gold standard, was a series of agreements between the U.S. and petroleum exporting countries to use the U.S. dollar for cross-border oil transactions. Since almost every country needed to import or export some amount of petroleum, the petrodollar system was a means of ensuring a perpetual global demand for U.S. dollars despite the currency not being redeemable at the Federal Reserve for anything of value. As crude oil prices continue to surge, despite the Federal Reserve tightening monetary conditions at the fastest pace on record, a crisis is unfolding for developing countries that lack access to dollars. These countries are on the precipice of hyperinflation. In essence, by tightening the supply of dollars the Federal Reserve is exporting inflation abroad, especially to those that lack easy access to dollars. Consequently, countries at the periphery of the dollar access hierarchy are being incentivized, now more than ever, to turn to alternative currencies, thereby accelerating de-dollarization. As oil prices continue their relentless march upward, the scenario continues to exacerbate inflationary pressures in the U.S., and even more so, abroad. Higher prices could compel the Federal Reserve to maintain higher interest rates for much longer than anticipated, even in the face of deteriorating economic conditions and rising unemployment, resulting in stagflation. Exacerbating the situation further are global climate change policy objectives, which act as a disincentive for countries to increase domestic oil production. If a major geopolitical conflict occurs when petroleum reserves are depleted and production is constrained, the outcome could result in severe stagflation, as prices spiral higher even though economic growth stagnates in the face of a fragmenting world. * * * Important Disclaimer Nothing in this post should be considered financial advice. Trading and investing always involve risks and one should carefully review all such risks before making a trade or investment decision. Do not buy or sell any security based on anything in this post. Please consult with a financial advisor before making any financial decisions. This post is for educational purposes only.
ECONOMICS:USCOSPRE
by SpyMasterTrades
49
Strifor || UKOIL-09/15/2023Preferred direction: BUY Comment: Oil continues its steady strengthening, and the medium-term outlook for instruments is positive. However, now, most likely, the price will go for a correction, and it is expected that the instrument will reach level 92, where the balance for pushing is located. In addition, there is a small probability that the price will reach the level of 90.72, from where the price recently recorded the maximum of the current year on impulse. Thank you for like and share your views!
TVC:UKOILLong
by Strifor
10
BRENT OIL ( UK OIL ) LONG term Trade AnalysisHello Traders In This Chart UK OIL HOURLY Forex Forecast By Forex Planet today UKOIL analysis 👆 🟢This Chart includes_ (UKOIL market update) 🟢What is The Next Opportunity on UKOIL Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
BLACKBULL:BRENTLong
by ForexPlanet20
UKOIL Long Idea Daily bias switched over to long today. no strong resistance till 85.77 visible. 2 potential entries marked on chart along with all relevant information needed to assess long idea. additional potential entry can be expected at London open. I usually trade just London session but this setup looks too good to pass on if it presents right away. but I will wait till the POC is cleared. whether it does this in next 15 minutes or after London opens up, we will see.
TVC:UKOILLong
by Osiris992
Crude Oil ~ Snapshot TA / Bullish ReversalWell well, H&S Short Position was there ready to be taken - but unfortunately Price Manipulators were also ready to defend.. First warning sign was wick reversal beyond 38.2% Fib. Second warning sign was another reversal just underneath previous wick for the Stop Hunt. Price action has since rallied above neckline, consolidating just under 23.6% Fib. In hindsight, makes sense why Market Makers would intervene an imminent sell-off when globally significant news haven't hit wires yet (Powell/Jackson Hole). All you can do is highlight key levels, set alerts & wait for Trade Setup to come to you.. Ps, retained H&S Short Idea on chart as reminder & part hopefulness of potentially playing out lol...we'll find out soon. Boost/Follow appreciated, cheers :) CAPITALCOM:OIL_CRUDE TVC:USOIL TVC:UKOIL NYMEX:CL1! NYMEX:CL2!
CAPITALCOM:OIL_CRUDE
by BlueHatInvestor
Crude Oil ~ Snapshot TA / H&S BreakdownCAPITALCOM:OIL_CRUDE capitulating under pressure from Macro-Economic headwinds. Bearish H&S development. Waiting for price action to either break/close below (higher timeframes), or break & re-test Neckline Support to trigger pattern confirmation. Extrapolation = Golden Fib target zone. Notes: - Neckline + 50WEMA/100WEMA crossover confluence - 38.2% Fib + 50DEMA confluence - Demand Zone (white box) + 200DMA, 100DEMA, 20WEMA confluences Boost/Follow appreciated, cheers :) TVC:USOIL TVC:UKOIL NYMEX:CL1! NYMEX:CL2!
CAPITALCOM:OIL_CRUDEShort
by BlueHatInvestor
2
Crude Oil Outlook for the Next 3 MonthsThe outlook for WTI crude oil in the next 3 months is mixed. On the one hand, global oil demand is expected to continue to grow, as economies around the world recover from the COVID-19 pandemic. This will put upward pressure on oil prices. On the other hand, supply of oil is also expected to increase in the coming months. OPEC+, a group of oil-producing countries, has agreed to gradually increase production. This will help to offset the decline in production from Russia, which has been hit by sanctions following its invasion of Ukraine. As a result of these factors, analysts are predicting that WTI crude oil prices will average around $85 per barrel in the next 3 months. However, there is a wide range of possible outcomes, and prices could go higher or lower depending on the global economic and political situation. How to Trade WTI Crude There are a number of ways to trade WTI crude oil. One way is to buy and sell futures contracts on the NYMEX. Futures contracts are a type of derivative that gives the buyer the right to purchase or sell a certain amount of oil at a specified price on a specified date. Another way to trade WTI crude oil is to buy and sell options contracts. Options contracts are a type of derivative that gives the buyer the right, but not the obligation, to purchase or sell a certain amount of oil at a specified price on or before a specified date. Options contracts can be used to speculate on the future price of oil, or they can be used to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil to protect itself from rising oil prices. How to Trade WTI Crude Options There are two main types of WTI crude oil options contracts: call options and put options. Call options give the buyer the right to purchase a certain amount of oil at a specified price on or before a specified date. Put options give the buyer the right to sell a certain amount of oil at a specified price on or before a specified date. The price of an WTI crude oil option contract is determined by a number of factors, including the strike price, the expiration date, and the volatility of the underlying oil price. The strike price is the price at which the buyer of the option can purchase or sell the oil. The expiration date is the date on which the option contract expires. The volatility of the underlying oil price is a measure of how much the price of oil is expected to fluctuate over time. To trade WTI crude oil options, you will need to open an account with a brokerage firm that offers options trading. You will also need to deposit funds into your account. Once your account is funded, you can place orders to buy or sell WTI crude oil options contracts. How Companies Can Hedge Positions with Speculative Trading on the Stock Exchange Companies that use oil in their production process can hedge against the risk of changes in oil prices by trading on the stock exchange. For example, a company that uses oil in its production process might buy shares of a company that owns oil wells. This will help to protect the company from rising oil prices, as the value of its shares will likely increase when oil prices go up. Companies can also use options contracts to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil. This will give the company the right to sell oil at a specified price, even if the market price of oil falls. This will help to protect the company from losses if oil prices fall. Speculative trading on the stock exchange can be a risky proposition, but it can also be a way for companies to profit from changes in oil prices. However, it is important to remember that speculative trading is not a guaranteed way to make money. Companies should carefully consider the risks and rewards before engaging in speculative trading. ////////////////////////////////////// Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Mixed Outlook Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team - The Professional Trader Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.
NYMEX:CL1!
by TheTrade_Academ