Is the Rebound in Oil & Gas Sustainable?

Oil and natural gas prices rose sharply Monday after BP said it would pause all shipments through the Red Sea because of increased attacks on commercial vessels by Houthi militants from Yemen. -----------

avatarwindy00
2023-12-25

Be Bullish on CLmain

$WTI Crude Oil - main 2402(CLmain)$ Last week's data overall supports gold and suppresses the US dollar. This is also the main reason why the US dollar has been diving. Although the GDP announced yesterday is the same as the previous value, market expectations are lower, and unemployment benefits have increased slightly.The oil uptrend channel is very obvious!My analysis yesterday was to buy around 72.70 which is a very accurate buy position. The lowest position yesterday was around 72.5, which is the daily moving average supporting the bulls to this position. The technical side is now in need of another highSo crude oil trading ideas today or low bullish step back can continue to buy crude oil!Crude oil trading Signa
Be Bullish on CLmain
avatarskythelimit
2023-12-25

Technical Analysis on CLmain

$WTI Crude Oil - main 2402(CLmain)$ Easy trade with CL!The price might spring support. My first thought is that support will hold and the price will bounce off it and rally. It might not hold. I will consider those options more in depth once the price visits the support zone. I might publish another idea updating it, but considering I have no cloud I will probably not.CL1!: CL! Short-Term Trade
Technical Analysis on CLmain
avatarlonglive100
2023-12-25

The Energy Report: T’Was the Last Energy Report Before Christmas. Merry Xmas

$WTI Crude Oil - main 2402(CLmain)$ T’Was the Last Energy Report Before Christmas, When Angola dropped out, leaving OPEC concord riddled with doubt.The cartel cut production with care, but Angola did not think its share was so fair. Yet the Saudis went full steam ahead, cut their quota, and said to drop dead. Plus Angola’s production was under its cap; while the UAE craved more barrels to tap. They needed a cut, so the hedge funds would scatter; crushing the speculators was really what mattered.They needed oil to go up in a flash to regain control of prices that started to crash. They needed to reduce the crude oil flow because US production continues to grow.Oil production hit a record this year, and that happens to be the cartel’s greatest f
The Energy Report: T’Was the Last Energy Report Before Christmas. Merry Xmas
avatarSuccess88
2023-12-23
$WTI Crude Oil - main 2402(CLmain)$  Bearlish due to the follow OPEC Production Cut Extension: The Organization of the Petroleum Exporting Countries (OPEC) and its allies (OPEC+) agreed to extend their current production cut agreement through June 2024. This decision aims to maintain price stability in the wake of global economic uncertainties. US LNG Exports Surge: US liquefied natural gas (LNG) exports reached record highs in November, driven by strong European demand and rising gas prices. This trend is expected to continue, with the US poised to become a major global LNG exporter in the coming years.@TigerStars 
avatarSkysoul
2023-12-21
Oil will not spike as shoal oil Producers will come in and overproduce again like in 2014 oil colllapse as interest rate cuts by federal reserve . Most shoal oil producers in us are borrowers .
avatarJinHan
2023-12-20

Why the Recent Surge in Oil and Gas Prices is a Temporary Turbulence

In the wake of recent attacks on commercial ships in the Red Sea, the oil and gas market has experienced a notable uptick in prices, raising concerns among investors. However, it’s crucial to assess the situation rationally and understand why this surge is likely a temporary phenomenon rather than a long-term trend that should induce fear in investors. Escalating Geopolitical Tensions and Market Jitters The attacks by Houthi rebels in Yemen have prompted several shipping firms to pause shipments through the Red Sea, a vital route for oil and liquefied natural gas shipments. The resulting disruption has led to an international naval operation, Operation Prosperity Guardian, aimed at securing the Red Sea route. Such geopolitical tensions often lead to market jitters, causing a short-term spi
Why the Recent Surge in Oil and Gas Prices is a Temporary Turbulence
avatarnavoyhot
2023-12-20
Look at manufacturing companies over the world, revenue over the past 2 years is feeble at best and US interest rate is a strong dampening cause.
avatarIvan_Gan
2023-12-19

Markets Soar As Fed Strikes Dovish Stance,What`s The Best Trading Opportunity?

At the Federal Reserve's interest rate meeting last Wednesday night, the results of interest rate decision were expected by the market, but Powell's speech after the meeting was really unexpected to most market analysts, and no one expected Powell's wording to turn "dovish" so quickly.Originally, the market expected the conditions for the Fed to turn its wording to dovish to be roughly divided into three categories. The first is that inflation has been completely suppressed. According to the Fed, CPI has returned to 2%; The second is that there are big problems in economic data, such as a sharp decline in non-farm data; The third is precautionary interest rate cut, that is, the Federal Reserve foresees certain factors, so it cuts interest rates ahead of time to prevent "accidents". Of thes
Markets Soar As Fed Strikes Dovish Stance,What`s The Best Trading Opportunity?
avatarMatthewWalter
2023-12-19

NATGAS Will Collapse! SELL!

$Natural Gas - main 2401(NGmain)$ This is my opinion on the NATGAS next move:The asset is approaching an important pivot point 2.469Bias - BearishTechnical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.Goal - 2.385About Used Indicators:For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
NATGAS Will Collapse! SELL!
avatarFranklinMorley
2023-12-19
$Brent Last Day Financial - main 2402(BZmain)$ Crude Oil formed a double top pattern on a solid horizontal resistance. Its neckline was violated with a strong bearish imbalance.We can anticipate a bearish movement to 70.6CRUDE OIL went up recently, But the price will soon hit a Falling resistance line from Where a local move down. Is to be expected SHORT🔥Could there be a possible BUY for USOIL?
avatarlittlesweetie
2023-12-19

Crude Oil traded lower after a small pullback bear trend

$Brent Last Day Financial - main 2402(BZmain)$ Crude Oil traded lower earlier in the week after a small pullback bear trend.The bears got 3 pushes down, forming a wedge pattern.They want a retest of the June or May lows, followed by a breakout below.The bulls see the current move down simply as a bear leg within a trading range.They want a reversal from a wedge bull flag (Oct 6, Nov 16, and Dec 13) and a higher low major trend reversal. They hope to get a retest of the September high.They will need to create consecutive bull bars closing near their highs, trading far above the the trend line to increase the odds of higher prices.Crude Oil remains in a 71-week trading range. Traders will Buy Low, Sell High in trading r
Crude Oil traded lower after a small pullback bear trend
avatarlittlesweetie
2023-12-19

Oil investors will head into 2024 with strong concerns

$WTI Crude Oil - main 2402(CLmain)$ The depreciation of the US dollar, coupled with the rising market sentiment on the possibility of the Federal Reserve to cut interest rates, and the International Energy Agency (IEA) to increase next year's oil demand forecast, is helping to support crude oil prices. The IEA raises its forecast for global oil demand in 2024. In its monthly report, the IEA said world oil consumption would increase by 1.1 million barrels per day in 2024, up 130,000 barrels per day from its previous forecast, citing an improving outlook for the United States and lower oil prices. Lower interest rates lower borrowing costs for consumers, which boosts economic growth and oil demand. A weak dollar makes o
Oil investors will head into 2024 with strong concerns
avatarFranklinMorley
2023-12-19

67.70 is a high probability of the short-term bottom support point

$WTI Crude Oil - main 2402(CLmain)$ There is still repeated confirmation in the short term, but 67.70 is a high probability of the short-term bottom support point, around the structure of the bottom rally above 67.70. The hour chart may be accompanied by the second step back, and the operation should be adjusted lower after the step back is stabilized. On the whole, the crude oil opening operation idea next week is suggested to mainly step back low, supplemented by a rebound high, above short-term attention to 73.0-74.0 line resistance, below short-term attention to 71.0-70.0 line support.
67.70 is a high probability of the short-term bottom support point
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