Fundamental Development: Oil prices edged lower on Monday, reversing earlier gains, as concerns about slowing global economic growth and fuel demand outweighed worries about tightening supplies. Brent crude futures slipped 3 cents to $113.09 a barrel, after rising as much as 1% earlier. Front-month prices tumbled 7.3% last week, their first weekly fall in five....
Fundamental Development: Oil was down on Friday morning in Asia, weighed down by demand concerns following global interest rate hikes. Brent oil futures were down 0.62% to $119.07 and crude oil WTI futures were down 0.69% to $116.78. The Bank of Japan Friday decided to keep policy ultra loose despite rising inflation while some other global central banks are...
Hello Traders, Hope you all are doing good!! I expect USOIL to go UP after correction here. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve...
Fundamental Development: Oil was up on Thursday morning in Asia, supported by peak summer demand and tight global supply, despite the U.S. interest rate hike spurring concerns over less fuel demand. Brent oil futures rose 0.65% to $119.28 and crude oil WTI futures jumped 0.91% to $116.36. Wednesday’s U.S. crude supply data from the U.S. Energy Information...
Fundamental Development: Oil was up on Wednesday morning in Asia amid concerns of uncertain economic outlook ahead of potentially aggressive U.S. interest rate hikes decisions. Brent oil futures edged up 0.14% to $121.34 and crude oil WTI futures edged up 0.15% to $119.11. Tuesday’s U.S. crude supply data from the American Petroleum Institute showed a build of...
Forming Inverse Head & Shoulder pattern in crudeoil Above 9550 Tgt 9600-9640-9700++ Keeping on radar Crudeoil 9500 CE ( june ) Hero/Zero
Fundamental Development: Oil prices inched lower after seesawing through early trading on Tuesday, as worries that fuel demand would hit by a possible recession and fresh COVID-19 curbs in China outweighed tight global supplies. U.S. West Texas Intermediate (WTI) crude fell 22 cents, or 0.2% to $120.71, while Brent crude futures eased 25 cents, or 0.2%, to...
JSW ENERGY INTRADAY SETUP - 15 MIN CHART - 1. triangle pattern formation on 15 min chart 2. Chart pattern is more of sign uptrend but due to high volatility in global market seen nifty can open gap up - gap down so looking at this both side target given for safe bet and using candle breakout or breakdown correct position can taken either buy/ sell on...
Fundamental Development: Oil prices slid Monday as flare-up in COVID-19 cases in Beijing quelled hopes for a rapid pick-up in China's fuel demand, while worries about global inflation and sluggish economic growth further depressed the market. Brent crude futures fell $1.81, or 1.48%, to $120.20 a barrel while U.S. West Texas Intermediate crude was at $118.81 a...
Crude is currently in a good uptrend without any major correction. This seems to be a bit unrealistic as there are not major base formations. It is forming a negative divergence with RSI moving down and the price is moving up . 9200 is the breakdown level. Once that level is broken , we can see 8800 9500 - Sell on Rise Levels
#Crudeoil Short (13 June) Double top RSI- 40 Sell at CMP - 9303 SL- 9387 Target- 9177, 9098 Join us, Learn more, Earn more Disclaimer- We are not SEBI registered advisor. Charts and views are only for educational purpose.
Fundamental Development: Oil prices slipped on Friday but remained within touching distance of three-month highs as fears over new COVID-19 lock down measures in Shanghai outweighed solid demand for fuels in the United States, the world's top consumer. Brent crude futures for August were down 77 cents, or 0.6%, at $122.30 a barrel after a 0.4% decline the...
Crude oil rate going to hike . it is in strong support i will reach 10280
Fundamental Development: Oil was up on Thursday morning in Asia as U.S. demand stays strong and China demand may rebound with COVID-19 curbs easing. Brent oil futures rose 0.26% to $123.90 by 11:44 PM ET (3:44 AM GMT) and WTI futures edged up 0.18% to $122.33. Wednesday’s U.S. crude supply data from the U.S. Energy Information Administration showed a build of...
Fundamental Development: Oil was up on Wednesday morning in Asia, supported by tight supplies and recovering fuel demand as China continued easing COVID-19 curbs in top cities. Brent oil futures edged up 0.12% to $120.73 and WTI futures rose 0.23% to $119.70. Tuesday's U.S. crude supply data from the American Petroleum Institute showed a build of 1.845 million...
Brent oil prices grind higher around late March tops, staying above 10-DMA inside a monthly bullish channel formation. Given the firmer RSI backing the black gold’s gradual north-run, the quote is likely to overcome the immediate hurdle, namely the late March swing high around $124.40. However, the stated channel’s upper line near $127.50, which if ignored could...
Fundamental Development: Oil was up on Tuesday morning in Asia over expectations of demand recovery in China and doubts about higher output targets from the Organization of the Petroleum Exporting Countries and allies (OPEC+). Brent oil futures rose 0.62% to $120.25. WTI futures jumped 0.71% to $119.34; the benchmark hit a three-month high of $120.99 on Monday....
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...