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UKOIL BRENT.

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Sam86

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The news of oil is expected decrease 0.5M and more lower than forecast 2.3M  but not more lower than previous 0.4. Price is only do correction and possible to  keep continues on the downtrend.

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#1 - February 26, 2020, 05:27:30 PM
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« Last Edit: March 02, 2020, 04:47:29 AM by Sam86 »

Alfrians

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Quote from: Sam86 on February 26, 2020, 05:27:30 PM
The news of oil is expected decrease 0.5M and more lower than forecast 2.3M  but not more lower than previous 0.4. Price is only do correction and possible to  keep continues on the downtrend.
thank you for the info sir, this is very helpful for monitoring important news releases, if you may know whether the information is almost the same as the news released by forexfactory
#2 - February 26, 2020, 11:16:05 PM

Sam86

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Oil continues the downtrend it more deeper. Just info must be careful in the begining of march  due OPEC will do meeting in wina.. it is possible for oil to fight back.



#3 - February 27, 2020, 02:10:30 PM
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Sam86

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In the another brokers there are have a different  price and it doesnt matter it is same direction. I use another brokers to analyze this oil because in exness is uncompleted chart for big time frame.
Pay attention with level 51.41 and 51.00 .price can be going back to rise it possible in the next week.
If price still down then it will want to touch  48.30 - 45.26
#4 - February 27, 2020, 02:21:30 PM
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« Last Edit: February 27, 2020, 02:27:55 PM by Sam86 »

Sam86

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Crude oul invetories last week is good but mor out of expected only 0.5 and forecast 2.3 previous 0.2. And for this week opec have meeting in wina to discuss and let we see on this week it will be have a good impact for oil or otherwise..

If i look on the chart daily  if the price will closed more than resistance 52.75  it possible to makes a new trend. But the otherwise if the price go bsct down it possible to run to  48. And 43.

The green box is the level for price to up more higher


UKOIL BRENT. in Fundamental_Screenshot-20200302-120953
#5 - March 02, 2020, 05:11:04 AM
« Last Edit: March 03, 2020, 01:01:38 PM by Admin »

World-Signals

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New Mexico news dropped the oil price today
The oil price quickly moved down after the release of the news that New Mexico broke oil production records.
"New Mexico broke an oil production record in May, pumping an average 1.22 million barrels daily as the Permian Basin returned to output growth again."
The Oil price dropped about 150 pips after one hour of the news release and is on the way to continue downward direction. The top level of oil price WTI New York was at $76.95 on 6th of July 2021 and since then the trend is down. The huge recovery since July 19th is impossible but temporary we may see levels close to $70 in a few days time.
World-Signals.com trading strategy is to bet into short positions. If you are not into short positions already at levels of $71.50-$72.00 and above you can enter now or wait this level to open short with a target close to $70.00.
#6 - August 02, 2021, 03:38:43 PM
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