Watch for bounce off on Oil prices
Güncellendi
Hello Traders,
After 36% fall in 56 days, Oil prices are higly liky to take off during the coming weeks and if we are not going to see a complet reversal back to the top at least we will have a good bulish wave that will give us good money :
Latest news from the market are in favore to push Oil prices to the upside :
*US crude rises 4%, settling at $52.95, on trade truce and expected supply cuts
*Alberta to cut oil production to ease glut and support prices.
*OPEC expected to agree cuts aimed at reining in oversupply on the 6th of December meeting ( in couple of days ).
Technically, price actions did broken up the desending channel with a stong impulse : we are looking for continuation for more upside after correction will complet.
This is not not an investement advice, it's for educationnel purpose.
Please respect your money management and don't expose more than 1% of your capital to the market.
If your like this work, please like, comment and follow us for more ideas.
Best Regrads.
After 36% fall in 56 days, Oil prices are higly liky to take off during the coming weeks and if we are not going to see a complet reversal back to the top at least we will have a good bulish wave that will give us good money :
Latest news from the market are in favore to push Oil prices to the upside :
*US crude rises 4%, settling at $52.95, on trade truce and expected supply cuts
*Alberta to cut oil production to ease glut and support prices.
*OPEC expected to agree cuts aimed at reining in oversupply on the 6th of December meeting ( in couple of days ).
Technically, price actions did broken up the desending channel with a stong impulse : we are looking for continuation for more upside after correction will complet.
This is not not an investement advice, it's for educationnel purpose.
Please respect your money management and don't expose more than 1% of your capital to the market.
If your like this work, please like, comment and follow us for more ideas.
Best Regrads.
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Please wait for valide setup before jumping is the market.Not
Hello Traders,At any other time, a 7-million-barrel weekly drawdown in U.S. crude inventories would have sent crude prices surging. But not when the Russians are maintaining an elegant silence on production cuts that has OPEC, and oil-dependent economies all over, at their mercy.
So any positive comment from send the oil price at 60$.
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Oil price is going the way that are expecting,On Friday the 07th DEC, OPEC member and allies agree to cut oil porduction by 1.2 million barrels per day.
This news will set the direction price up, stay tuned guys.
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Today we had to opportunty to buy the oil at a discount price 50.5$.Not
Oil is rocking, up +2.30%enjoy it guys !!
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Currently strong sell is going on the USOIL after disappointing data.Watch price actions pattern at the level of 50$.
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US oil price went the way we want it,it's at 48$.
I will be monitoring the market, if changes i will update on that.
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