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Blackgold

Brent🛢 to test the Resistance line!The things keep going well for Brent🛢 . Though yesterday there was no post here those who shorted the pair managed to take +1.15%. The ROC swing was denied and the Golden Cross suggest two options for us here : either the sooner test of the resistance or the bounce from the local support and the following test! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section!
TVC:UKOILLong
by Alexander_Harford
5
USOIL FUTURES TANK BELOW $20 \ SLIPPERY WHEN WETSeemingly in the middle of a tug-o-war exhibition, both bears and bulls are jocking hard for position on USOIL. I always say that this particular instrument is the bloodline of America. Considering the political and socioeconomic status at this time, its only right that the price of USOIl metaphorically also becomes unstable. With COVID-19 continuing to be the elephant in every room, there's plenty of reason to be bearish on not just USOIL but DXY as well. I have no EMA numbers for you, no historical price points either. Just a nice, simple mark-up that points way, way south.Whenever price seems as if it's going sideways, it really wants to go down from my experience. Minus a few dead cat bounces here and there, without momentum no meaningful moves can be executed. Barring an increase and hold in price above, $41.39 - this looks to be slow traveling train in one steady direction.
TVC:USOILShort
by UnknownUnicorn5320750
2
A SLIPPERY SLOPE FOR USOIL FUTURESAS YOU CAN SEE, I DON'T USE ANY ON CHART INDICATORS SO I'LL KEEP THIS SHORT AND SWEET. FK ALL THE USELESS TECHNICALITIES ABOUT EMAs, ETC. USOIL LOOKS TO SLIDE DOWN TOWARD $36.10 AS CONTINUED EFFORTS TO RAISE PRICE HAS FAILED. FALLING UNDER GROWING PRESSURE AND MOMENTUM, WE COULD VERY WELL SEE PRICE CONTINUE TO SLOWLY DESCEND OVER THE COMING WEEKS. RECENTLY RECOVERING FROM -VALUE LAST SEASON, WHO'S KNOWS WHERE THE TRUE BOTTOM IS FOR USOIL? NO TP DEFINED RIGHT NOW. THIS IS A HELL OF A SHORT POSITION HOWEVER, DO YOUR OWN DILIGENCE.
TVC:USOILShort
by UnknownUnicorn5320750
7
Oil still shines after countries start to demand oil again!!Oil has proved to be one hell of a buy, coming up almost 100% + and has provided great value in the channel range in which it was involved, now is time for the black gold to get some breather, show again some valuable perspective and give us a leg down for a potential move again. Remember that movements take time, and that oil is a extremely sensitive commodity, this is key because contracts that were rolled to June that were initially showing ease are healthier than ever, demand is picking up and keeping the eye on countries re opening + Brent correlation and NGAS can be key here.
TVC:USOILShort
by afcapitaltrading
1
Oil To APEX After breaking out of price consolidation (yellow rectangle) it’s crucial that the bulls keep oil above this price point and move to the apex depicted in the chart. A break of the inner upward Trend line will see oil back into the consolidation point so its imperative that the Bulls keep at these levels or above. A Rise to 32 (R1) will see some bears to contend with. This P action will show strength and solidify the second point to maybe see a parallel channel upward form/ing. 📈Support & Resistance📉* Support Levels 1st Support Zone: 23.41 2nd Support Zone: 17.80 3rd Support Zone: 12.94 Resistance Levels: 1st Resistance Zone: 28.71 2nd Resistance Zone: 37.62 3rd Resistance Zone: 42.11 Price Level Consideration ATH: 147.27 All Time High Half Way Point: 73.64 Prominent High: 65.53 Prominent Low: ZERO 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 77.04 🐻 Bearish below: BEARISH at the moment Monthly & Weekly Opens Monthly Open:18.86 Weekly Open: 29.78
TVC:USOIL
by LandenInternational
Oil Outlook: When’s The Next Price CycleThe question remains, When’s the bounce back from this pandemic and when will these low oil prices come to an end??? Tick tock tick tock you might say. Lets remember a few things that occur in ‘normal’ circumstances: - Oil and gas exploration and production is driven by current oil prices, future prices and availability of resources. - Higher oil prices also lead to large investments in upstream operations - lower leads to the opposite, drops in investment. - This leads to fewer resources for these above future investments in exploration and production. On the timeline, how long until recovery? Simply how long is a piece of string. The time scale depends on the revival of the global economy and how fast the surplus oil is consumed by the increasing demand. Obviously there’s a lot of room to the upside. And we won’t be touching on the world wide ‘arm wrestling tactics between countries’ but simply eyeballing the charts, squirting into the charts for an oil outlook: Outer Perspective Weekly open has seen two weeks of positive price action ( a given from the levels of zero) however good to see a rise rather than consolidation and a dribble to the right. Inner upward channel forming yet I’d like to see this week close positive before taking it into consideration. Still in a Bearish sentiment of course. Inner Perspective Adding to the outer perspective. Price needs to respect resistance. Stronger for a break and use above this point as support this will break the wick spoken about above. Area of Interest Considering this levels a break above the wick and resistance will place oil to battle the gap next week. At present testing the daily trend line (inner upward). Watching for a respect or break, still in consolidation zone. 📈Support & Resistance📉* Support Levels 1st Support Zone: 23.41 2nd Support Zone: 17.80 3rd Support Zone: 12.94 Resistance Levels: 1st Resistance Zone: 28.71 2nd Resistance Zone: 37.62 3rd Resistance Zone: 42.11 Price Level Consideration ATH: 147.27 All Time High Half Way Point: 73.64 Prominent High: 65.53 Prominent Low: ZERO 🐃 Bulls Verse Bears 🐻 🐃 Bullish above: 77.04 🐻 Bearish below: BEARISH at the moment Monthly & Weekly Opens Monthly Open:18.86 Weekly Open: 26.05
TVC:USOIL
by LandenInternational
WTI: just some infosHi Guys, Please add your comments and if you have any questions please do not hesitate to ask. Thank you for your support and for sharing your ideas. Disclaimer: Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. IMHO: The point of trading is to make money. To make money you must have money. Depending on the money at your disposal, you can decide what to do and how to do it. By having stops you decide how much you are willing to lose. By having targets you decide how much you want to earn. Be disciplined with your protocol and with your strategies for trading. Sometime you win, sometime you lose. Don't be greedy. Be realistic. Be wary but not afraid. Be curious. Use your brain. As long as your working process make sense and your spirit is calm, everything will be fine. Be patient and be prepared for any circumtances.
FX:USOIL
by cozzamara