₦airaland Forum

Oil price still possible to rise, its already reach high 80.40
China oil demand seems influence to oil prices.

Oil price rising high landed on 77.98 yesterday looking next target near upper band
News today China will raising demand jet fuel ahead of the Lunar Year, China included biggest oil demand in the world.

Oil prices still traded in the trading range below middle band line.
There are rumors the Fed maybe hikes interest rates to response inflation data on the upcoming release date.

China signaling to increasing oil import quota in 2023. Oil price drop to 74 level price after reached high 76.

Oil price now near lower band line looking new low.

Support and resistance still reliable trading system
Oil prices traded on the low trading range in hourly, bands is dynamic support resistance based moving average 20
Tesla sales in china slow down amid low demand.

In the beginning of year the market already wake up. Oil price heavily drop and formed low 72.88.
The price near lower band based on theory is near support or oversold zone.

In the new year market still quiet slow, but different oil price climb yesterday.
Trading plan is good and needed to planned all trades.

Happy new year all traders, I wish your dream will be come true on this year. Although the FX market very dynamic, but there are traders who able to making more than 800% profit in this year. This is really need special knowledge and skill to survive and make real money from forex trading.

The beginning day in this year I see Oil price already jump to 80 level price.

Oil price fail to reach resistance zone level 82 and eventually dropped to low 77.34. The current price at time writing is 78.64.
Russia response to price cap with bans countries that comply with G7 coalition effect in February 1 to July 1, but Russia didn't consult with OPEC + about this.

Oil price yesterday make new high 80.16 and then rebound to 79.17. Present price 79.66

Response Putin to Russian oil price cap by G7. Putin bans oil sales to countries that comply with G7 oil price cap. The sales should get permissions from Kremlim leader.

The sky is not always blue colors, sometimes dark cloud covering, the life not always sad, sometimes happy.
Oil price occurs gap on hourly timeframe clearly can be seen. News Russian oil price cap still become hot news in the oil news
Russia Deputy Prime Minister Alexander Novak. says Russia will struggle to replace its oil products.

The end of year is near, still there are so many hope on the next year along still we can breathe although in this year maybe we face difficult time due high inflation rate.

Oil price today reached high 80.23, still looking target resistance 82. There are analyst said rising oil price because Russian cut oil production 500,000 to 700,000 barrels a day in response to the price cap issued by G7.

The sun already very old, but the light still very hot.
Oil price still rise yesterday to high 79.83. Analyst from Oilprice said oil price rise on row by colder weather in the United States in what has been described as a once-in-a-generation storm.

Yesterday as history, today is story, tomorrow is mystery.

An analyst from S&P global predict oil price could to reach $120 if China able to overcome Covid, while oil price now traded 78.44. Is it possible?

We will never know if never try.

Oil price try to rise near 77 level price, there are rumor hedge funds will buying oil.

Russia will response to oil price cap by G7, according the news Russian authorities have drafted a decree banning the sale of Russian crude oil to buyers part of the Price Cap Coalition or if the purchase is limited by the G7/EU price cap, as a measure to counter the $60 a barrel price ceiling set by the West.

Oil price now traded on 75.95 tries to wake up.

Near of the end of year, peoples waiting the change of year time.

On the Artic Russian ramps up commercial and military become concerns of NATO. Oil price tries to wake up after drop to 73 and now the price 75.20 looking for 76.

All success with discipline although discipline can't guarantee to success.

Oil price move rising again to new high level now 77.24, the snake moving to north.

Life is sometimes like a rotating clock, repeating the same conditions in different situations. The price of oil had previously been at the price level of 73, and now it has repeated itself after drop to low 70.

Monday market will begin, forex trading remain involved the risk. However in forex trading, there are popular quote No risk no gain, so to gain we must take the risk.

Oil price still continue to drops on Friday market, it's formed new low 70.25, however there are shadow on top and bottom candle.

Seems the snake still good sleeping, waiting to wake up.
Oil price still continue drops yesterday low 71.21.

Oil price drops to lowest level in this year, now price is 72.72. While G7 price cap for Russian oil is $60.
There are some reason why oil price dropped, according analyst Reuters, China covid decrease demand, Russia invasion to Ukraine, recession fear.

Snakes are still swaying left and right, oil prices have fallen back to a low level of 73. Hot news is still about G7 for Russian oil price cap $ 60.
Oil price now 74.63, looking for retracement.

Oil heavily drops to 77 from high 83 yesterday's market.
The price still below price G7 price cap for Russian oil expected $60.

Happy Monday, market fx already open.

Even though OPEC+ still consider to deep production cuts oil uotput, however Russia production increase. Oil price tries to reach 82 after crossed middle band.

Today quote, Problems are not Stop signs, They are Guidelines

Oil price tries to rise yesterday to high 83, but eventually drop again to 81 level price.
There are analyst say Oil prices could sink if OPEC+ acts in line with market expectations and agrees to keep production quotas stable for another month

Today oil price pullback to 78.73 after yesterday's low 76.

News today UAE to expand oil and gas production capacity with $150 billion investment. Abu Dhabi National Oil Co., also known as Adnoc, will invest $150 billion in the five years through 2027.

Is possible will lift oil price?

Hang the dream as high above the sky, but remember when falling will painful.

Oil price today still traded near 76 level price, although formed new low near 73 level price then pullback again. Now the retrace pattern formed in hourly, is it will falling again?

Monday has come, peoples going to works and FX market starting day. In uncertain market traders can't predict hundred percent precisely although they are expert in prediction. We just create a plan and follow the flow.

Although oil price now drop again to 76.20 but it is not mean will surely drop tp 74, there are more possibilities about the price will be.

Oil price move in the consolidation at near 77 level price.
Bollinger band squeeze formed here waiting for breakout.

Eventually oil price drops again although not yet formed new low.
According analyst from oilprice. oil fell after EIA release inventory data.
While G7 want to price cap Russian oil to $60.

Oil price still traded near 81 level price.
There are news US allies looking for price cap to Russian oil at $60