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USOIL 5th SEPTEMBER 2022The standoff over Russia's gas and oil exports escalated on Friday after Moscow promised to close its main gas supply pipeline to Germany and G7 countries announced plans for price caps on Russian oil exports aimed at squeezing Russia's war chest in Ukraine. This latest closure of the Nord Stream pipeline, which Russia says will last as long as it takes to make repairs, adds to concerns over winter gas shortages that could pull major economies into recession and lead to energy rationing. Europe accuses Russia of weaponizing energy supplies in what Moscow calls an "economic war" with the West following Russia's invasion of Ukraine. Moscow blames Western sanctions and technical problems for supply disruptions.
TVC:USOIL
by DNP-FX
6
WTI Crude: Potential 40$ Oil Next YearOPEC recently met this week to discuss whether or not to decrease crude oil production in October after initially deciding to increase production for September, increasing supply. Last month OPEC agreed to increase production in September by 100,000 barrels per day during their last meeting in August as the US strained to fight inflation and high energy prices. OPEC stated that the production increase was only meant for September, coming into agreement that in October they will cut production by 100,000 barrels per day. Demand for crude oil has been falling and supply has been increasing OPEC stated, OPEC warned that a global economic slowdown is coming, and demand for crude oil has fallen 300,000 barrels per day in 2022, and will also fall by the same amount in 2023. OPEC further sees a possible increase in crude supply if Iran is able to agree on a new nuclear deal with the United States and Europe, which would ease sanctions on its exports From a technical perspective USOIL has been trading below the 200 day simple moving average since July 14, crossing back above a few times in the summer in August, but recently this week has seen a sharp decline below the 200 day sma indicating strong selling pressure. Banks and investors will be gearing towards staying short oil. The default monthly 12 26 9 period MACD has recently shown strong bearishness as the fast line has fallen below the slow line, the last time this happened was September 2018, 4 years ago. The 1 month default RSI currently sits at a value of 52.28, above neutral with lots of room to become oversold and fall below 30. Crude could potentially see 40 dollars a barrel in 2023 until any change in bullish momentum is shown, momentum stands strongly bearish right now as the bears have taken control. Tomorrow the US IEA will release WTI crude inventory count numbers, and Kushing Oklahoma inventory numbers, (Crude Oil Inventories Forecasted: -0.250M Previous -3.326M), and have forecasted an increase in supply from the previous week's count. $WTI Crude Oil $Brent Crude Oil Ilyas Khan Top1 Markets
FXOPEN:XTIUSDShort
by Seafair-Capital-Management
USOIL 8th SEPTEMBER 2022Oil prices fell sharply on Wednesday (September 7th), slipping below levels seen before Russia's invasion of Ukraine as dismal Chinese trade data and growing fears of a global economic recession hurt fuel demand. West Texas Intermediate (WTI) oil futures for October delivery plunged US$4.94 or 5.7 percent. With lower prices this time it is a good opportunity to supply companies that are optimistic about surviving the recession and tightening monetary policy. This week, OPEC+ is scheduled to discuss oil production cuts as part of their future strategy. OPEC+ revised the market balance this year and expects demand to lag supply by 400,000 barrels per day (bpd) compared to the previous estimate of 900,000 bpd. However, the group of major oil producers expects the oil market to be in deficit by 300,000 bpd by 2023.
TVC:USOILLong
by DNP-FX
11
USOIL Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:USOILLong
by ShahedZare
1
XTIUSD trade will be in new waveXTIUSD trade will be in new wave to hit new high level. Trade will be in the range of 88-73 level back towards $150 level. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Always do your own analysis before taking any trade. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support us by sharing our ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals.
XLong
by AussieLeader
" USOIL " Buy Trade ( With 1000 Pips Target )Good Morning Trader's ,, How Are You Today ? Let's Explain Together "USOIL" Chart And Reasons To BUY From This Area ! 1- What Is The Trend For USOIL ? Now ,, It's In Down Trend ,, We Have Break Out Trend Line And Channel And Wait To Break Out Resistance Area To Enter Buy 2- Why We Will BUY From This Area ? Trend Line Break Out - Channel Break Out - Gann Direction 3- When We Close The Target As Stop Lose ? When USOIL Close Down 90.00 With Daily Candle Any Questions Please Write me On Comments !
FX:USOILSPOTLong
by Fx_Vanguard
USOIL 23rd AUGUST 2022Oil prices briefly surged in mid-trade due to a push to raise the Fed's benchmark interest rate. However, prices eased back after investors believed that the US central bank's policy this month was to maintain interest rates. Another factor, the US dollar strengthened again to its highest level in five weeks, which limited the increase in crude oil prices. This is because oil becomes more expensive for buyers with non-US dollar currencies. US Dollar Index Oil prices will not be too bearish, this is due to the prospect of higher demand entering the winter season.
TVC:USOILLong
by DNP-FX
9
USoil or CRUDE oil will be in the hypeUSOIL, Crude oil will boost up from range. Trade moved in three directions according to our previous analysis. now new wave will be up from range 88-73 back towards new highest level of history. We are consistent with our previous analysis. We publish precise and compact information after careful consideration which give you quick glimpse for comparative analysis. Our aim is to deliver simple and compact information which can be used by beginner to give them brief understanding of trades without any complexity. if you have any question or want to ask about analysis of other pairs or you have any confusion about analysis then feel free to ask us. Don't forget to support by share your ideas and hit like and subscribe button. You can support us through coins donation for more frequent signals. Do your own comparative analysis before jumping into pool.
FX:USOILLong
by AussieLeader
US Dollar Fundamentals -WTI Slips To 6 Month LowsToday the market released US Building Permits data as mentioned yesterday (Actual: 1.674M Forecast: 1.650M Previous:1.696M), this showed a bullish sentiment in relation to the expected data, but in regards to the previous data from June this data was bearish for the greenback as the value was less, less building permits means less construction starts and less growth in the economy. Core CPI data for Canada which helped the Loonie show bullish strength earlier in the New York session was also released today, the data showed Canadian inflation rose last month, but the inflation trend has been decreasing overall, the data showed an (Actual: 0.5% Previous: 0.3%), where there was no forecasted value. These were the fundamental economic reports for today. Tomorrow US Retail Sales data will be released which will be bringing strong volatility to the market, along with crude oil inventories and an FOMC meeting. So it is likely after the result of these fundamental economic reports the market will turn to a direction in which we can look to speculate on after such as if these reports cause a large spike in the market bringing strong bullish volatility, then we can short the market later on. Currently the FX market sits quite neutral from my standpoint. During the New York session WTI oil slipped earlier today to 6-7 month lows to 85.3 dollars a barrel. Ilyas Khan Top1 Markets
FXOPEN:XTIUSD
by Seafair-Capital-Management
USOIL 11th AUGUST 2022The United States posted an increase in inventories of 5.5 million barrels in the past week. The realization was higher than the expected 73,000 barrels. Gasoline products supplied also rose in the last week to 9.1 million barrels per day. The figure marks a 6% decline in demand over the last four weeks compared to the period last year. From a fundamental point of view, the oil market continues to monitor the development of oil supply from Russia to Europe via the Druzhba pipeline, which was resumed earlier this week. The market is also awaiting the release of monthly oil data from the International Energy Agency (IEA) and the Organization of the Petroleum Exporting Countries (OPEC) scheduled Thursday.
TVC:USOILShort
by DNP-FX
10