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TATNEFT High-Risk & High-Profit trading for 70+ daysAnalyze was requested by a Russian friend, who is a senior VR developer in a government company. Here we are speaking about TATN. We may need to wait up to 15 days to low prices. Nevertheless, also now an excellent time to buy some. Entry price from 371 rubs. To 533 rub. Any will be good till 30 of June. Targets: 1st 600 rubs. 12% profit at least. 2nd 665 rubs. 24% profit at least. Hold till mid of august. The idea will be updated.
RUS:TATNLong
by Kopachelli
Resistance Broken + Gap FillIn addition to the technicals... Iran has been hit harder than most countries by COVID-19 and its economy is creaking under merciless U.S. sanctions. With nowhere else to turn, the Iranian President, Hassan Rouhani has been forced to cede ground to hardliners. And these hardliners are determined to force Trump into a long and costly war. Just last week, missiles were fired at a U.S. oil project in Iraq. Then, earlier this week, a group of unidentified armed men, believed to be Iranian commandos, seized a Hong Kong-flagged tanker and escorted it into Iranian waters. We’re long $LNG PT $42 short-term is conservative.
LLong
by ShaleIntel
2
OIL - A lot of uncertainty here!Hello everyone, as we see, oil has been falling from years, 2014 was the last time we saw oil at 100$ and it is absurd to think, that oil will remain at 20$ per barrel. I have made 3 possible scenarios. First of all, nobody knows when the bottom is and at what price. When we hit the bottom, only the big players will know that this is the bottom, so we can only try to guess. Even if you buy oil at 20$, this is still an amazing price with lots of space to the upside and limited downside. 1st scenario: ( Green arrows ), We have formed a tripple bottom, 20$ is a really strong support that we can't manage to stay bellow it. Opec made a deal to cut oil production and maybe, just maybe they could make another meeting to discuss either more cuts or another way of getting the price up. Another things is if America announces that they will open their borders soon or start the economy, this could also get the price up. 2nd scenario: ( Red arrow ) If we break and manage to hold the price bellow 20$, we would head towards 10$. When the Opec deal happened, the price went down with a few dollars, so even a big cut of production is not enough. If the economy doesn't open soon and the borders remain closed, the demand for oil might go even lower. Right now we don't have any more space to store oil, so the price might infact not recover until we use up all stored oil. 3rd scenario : ( Black line ) Right now the volume is dead, smart money are waiting on the sidelines. We could see some upside around the holidays and some slight recover of the fall after the opec, but then form head and shoulders and fall to around 10-15$. All we have to do now is wait and see from this point on if we brake through 20$ again, or we get a good bounce. I think that all 3 scenarios are likely, but if you buy now and hold long-term, you will still make a lot of money. I think another fall is more likely though and the bottom would be around 10$ and it will be around May-June, when America and other countries will open their economies and borders again and this will increase the demand, which right now is really low.
FX:USOIL
by donaitelo
OIL PRICES FELL .. OPEC Oil prices fell on Monday as oversupply concerns continue to pressure prices, even as OPEC and its allies agreeing to cut production by 9.7 million barrels per day. The deal, which was finalized on Sunday after marathon discussions that spanned four days, is the single largest output cut in history. U.S. West Texas Intermediate crude fell 1.54% to settle at $22.41 per barrel, while international benchmark Brent crude rose 33 cents to $31.81 per barrel. Earlier in the session WTI had been up as much as 8%. The group, known as OPEC+, initially proposed cutting production by 10 million bpd — amounting to some 10% of global oil supply — on Thursday, but Mexico opposed the amount it was being asked to cut, holding up the final deal. Under the new agreement, Mexico will cut 100,000 bpd, instead of its initial allocation of 400,000 bpd.
OANDA:WTICOUSDShort
by CeoCodes
The Oil War is "Over".. the party is over.There are so many fundamentals I exhausted on yesterday's research and analysis of the underlying factors so please have a read through those. My fundamental long bias now results from simple supply side economics. In conjunction with this, many to nearly all over-leveraged mid and large cap oil companies and their contracts (strategic partnerships/contractors) have fallen and will be consolidated. This will lower multiples, and force a much clearer focus to bottom line effenciens and choke points to very low acceptance thresholds. As oil tanks become filled to capacity, Oil cuts will reduce and inflation will raise once COVID ends and the world enjoys 10$ round trip flights and 0.96$/ gallon gas for their summer vacation with their Trump check. Things will get better economically, and Oil is undervalued it's sick. The Alliance between Opec and Russia may cease headlines for now, allowing algo's to let go and fundamentals take over in a natural market again. OPEC will cut 9.7 million bbl's per ay, just below the proposed $10 million. This is a lot of oil and is capable of suppressed asks to sustain bullish rallies. Futures now showing 30$ a bbl.. thus, I'm now long oil. Big time. Stopposses will be updated when I enter long. All oil long entries closed.. 10:37:07 (UTC) Mon Apr 13, 2020
TVC:USOILLong
by TayFx
26
WTI Crude - An End to the Price War?Market has high expectations for OPEC+++ The stand-out event today is undoubtedly the OPEC+++ meeting, where producers will attempt to find agreement on output that addresses the collapse in demand and crude prices. No one is winning in this environment but, as ever, each are losing to different degrees and have a different ideas on how it should be resolved. I don’t think a grand deal is as nailed on as markets would have us believe but, as ever, common sense should prevail. If a substantial deal is going to get over the line, the US must play a part in some form. It is currently hoping that a market-driven, forced production cut will be enough to convince other producers to cut but I’m not sure that will be enough. Other assurances will be necessary to get Russia on board, which is the biggest risk to a deal. That said, traders have heavily bought into this potential deal, following President Trump's tweet last week. The risk now is not just whether a deal is done but, if it is, will it be enough? I'm not sure a 10 million barrel cut will be enough to hold the gains and even 15 million may just about given the demand destruction we've seen. Should we see above 15 million barrels, it could give the oil price a big boost, with the break of $30 in WTI potentially being the catalyst for another big move higher. The next notable level above here is $35 and if producers want to see higher than this, the cut may have to be closer to 20 million and include the US in some form. Oil has jumped today on reports that Saudi Arabia and Russia have reached a deal on cuts of up to 20 million. The headline sounds good but the small print may not read quite as well. Should this be confirmed without any drawbacks in the fine print, I'd expect oil prices to rise more than they have. There's always the risk of "buy the rumour, sell the fact" strategies going into these things which is why the detail and believability is so important. From a technical standpoint, this looks like a market that's bottomed and just waiting to pounce above $30, but for that we need confirmation. A break above $30 says traders are satisfied with the cuts, at which point we may be able to look upwards for the first time in a while.
OANDA:WTICOUSD
by OANDA
Fundamental and Technical Analysis of USDCAD Fundemental Analysis The stock markets on Monday saw a rally after the news about the reduction in the number of deaths from COVID-19 in Europe and the US, but also because we have been recently seeing a stabilization in the number of cases. Investors are waiting for an entry point and any good news will give them the green signal to start buying shares. There is also more good news from China, where according to their reports the cases of COVID-19 have been declining steadily; this means that factories in China can resume work, which is great news for the US. If we get any bad news about COVID-19, this will be invalidated, so keep yourself updated! I also hope that we will get a deal signed to regulate the volume of crude oil production between the US and Saudi Arabia, as this will heavily affect the CAD, as a successful deal will make the USDCAD tank, which seems likely right now to me. Technical Analysis USDCAD has recently moved below the 20 MA, and is moving towards the 50 MA. We have also just gone below the 2/1 Gann Fan level. We are currently on the support which we might bounce off tomorrow as SPY could make a downwards move after such a rally. We have also crossed the 0.382 Fib Level which is also another bearish signal to watch out for. If you have any questions feel free to leave them in the comments below. cheers, tonite
by tonite
3
Crude Oil 4 Hourly Chart Showing H&S FormingOil is falling back down to major near term support around $21.50 per barrel it cannot hold the $25 level today which is an important level in the short term. The 4-hour chart is showing us that it could be a lower head & shoulders forming. Not my favourite charting pattern but the technicals are showing that this level has enough buyers to complete the pattern. If we lose that level, we could go as low as $15, I am confident we will not see that as the OPEC+ meeting on the 9th will provide a needed boost. What do we have here? ✔️ Bullish H&S Forming ✔️ OPEC+ Meeting on 9th April Thank you, Connor, Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
FX:USOILLong
by UnknownUnicorn309537