Oil yesterday deprived investors who entered into trades on the first retest as the price moved back to the resistance from the designated triangle. Currently, the price of crude oil is moving in the intended direction. Tomorrow’s macroeconomic data, which expect inventories without stocks, may deepen the decline, but theseContinue Reading
Even on Friday, I did not consider short positions due to the lack of a specific signal that occurred at the moment. There was no reason why Petroleum should be cheaper (although this adjustment was due), but the confusion around the virus and the pandemic in the world has createdContinue Reading
Monday probably surprised many people. The surprise appears even though we knew earlier that there would be restrictions before Christmas. We knew that the bans in various countries would be stricter and the markets would react to it. So the UK, despite vaccination, will introduce greater restrictions because a newContinue Reading
Despite the assumptions supported by good data, crude oil did not rise to the levels we expected. The graph now shows a wedge from which the output can show the new direction or the continuation of the current. Bank analysts have been writing and saying in interviews for several daysContinue Reading
Due to tomorrow’s data, which predict a reduction in inventories, we can consider reaching the level of USD 54 per barrel to a large extent. The chart below shows our view of the oil situation in this strong uptrend. Breaking local resistance and pumping the rate hard before the dataContinue Reading
Currently, gas is in an interesting place. The stock corrected the recent strong downward move and there is a chance for a further decline to the levels marked in color. In the event of a trend line breakthrough, one should wait for a correction and a designated further upward moveContinue Reading
A few images from Monday morning. Last week surprised us a lot due to the volatility much higher than at the beginning of the week. EURUSD H1 retest to the channel line and rebound, giving a positive impulse to the direction Petroleum OIL. On Wednesday, expected macroeconomic data with littleContinue Reading
More than two weeks ago, we set a reach end-of-January for Oil. So far, the price is going in the right direction, so if the price does not consolidate temporarily, or investors do not hit the rate, the target may be achieved sooner. In the image above, the price rangeContinue Reading
The price of Oil made a sharp correction after data showing increased stocks of crude oil. The price was very technical, exiting the canal, the rate pulled back, breaching local support, and moved in the right direction. Unfortunately, as we can see, the enthusiasm of investors was quickly cooled downContinue Reading
The forecast decrease in crude oil stocks caused the rate to go up. Forecasts are not strong enough to expect big increases, but this may only be an impulse for crude oil to continue the price increase that we announced a week ago.Continue Reading
