FXcandles's Posts
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Oil drops again and shaped new low at 75 and pullback to 80.18. Long wick shadow on daily timeframe figure out which means after deep drops appear buying pressure tries to control the price.
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Human only make a plan, the God will determine. Maybe our plan out from reality, sad could be, however give up is not good answer. Oil price still continue drops and reach 77 as low, now pullback and traded on 80.18. The market is always right, maybe demand oil decreasing now controling Oil price. no matter hedge fund trying to betting on oil.
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In simple theory, how to make money from trading is to buy at low and sell at high, follow the trend, the trend is our friend. However trading is not simple. When we think the price in oversold, but sometimes still continue drops. It mean market is unique. although hedge funds trying to betting in oil, but the price drops of course opposite from expectation. Oil price drops again yesterday to 81 level price. I just want to write here discipline is important, although discipline can't gurantee to success, however no success without discipline.
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It is need high dedication to climbing high mountain, it is not easy and full barrier, needs energy and spirit. Oil price drops again to 84 level price and still hard to reach 90. There are news Hedge funds and money manager tries to betting in Oil to bullish although demand is decrease. Is it will make oil price rise again?
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The clock remain cycling, yesterday become today, while today will become tomorrow later. Today gives a chances, while tomorrow gives a hope. Oil price formed low 83 but eventually rise again and landed high 88. The snake still was still squirming on the land.
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Traders can't control the market, however trader must control their risk. Oil price pattern still like a snake, the price fail to reach 90 even heavily drops to 84. Draw horisontal line now at support zone.
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Monday market, looking next opportunities. Oil price move like a snake, looking 90
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Profit and loss in trading is common thing, if want trading without any risk only use demo account. Revenge is not good answer to recovery. Oil price yesterday formed indecision candle, Oil price expected move to lower band but not yet achieved. Russia set to cut oil production maybe impact to oil price, it is possible Europe's embargo to Russia could make oil price to rise again.
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Russia's oil production set to drop 1.5 million bpd. But oil price still continue to drops, now the price 85.08 looking target near lower band
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The warrior can use the same sword, but the skills is different, don't be jelaous to other people wealthy, each person has own portion. Oil price drops again to 87.97 level price from 92 level price. Analyst from Oilprice said Oil may not reached 100 level price and now oil drops heavily . In the daily timeframe oil price looking middle band line.
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Oil price now traded above 90 level price. Yesterday oil price break upper band, and pullback to 91.16 level price. News related oil, Russia shiping oil increased 3.6 million per day before sanction effective on december 5.
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Today Oil price is unusual, there are gap occurs in Monday market, opening price far below previous closing price. The gap can be seen on H1 timeframe. Sometimes but not always when gap occurs the price will slowly to recover the gap.
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The giant company can face to loss, citing to Oilprice, Shell record big loss in Q3 in LNG sector. oil price still traded below 90 level price, still looking further decline.
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Oil price traded below 90 level price. Analyst from Oilprice said, EIA report make the price up yesterday but still below 90. Based technical analysis the price formed bears market in hourly timeframe.
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Everything is hard before it is easy. IEF predicted oil price could to 100 level price because Europe sanction Russian oil. Now the price still below 90 level price.
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The market remain up and down, today oil price drops again to 86.78 from high 88.01. Oil price move near middle band line and MA line here act as first support target already achieved.
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Friday market, some traders believe in Friday market movement being unpredictable. Oil price yesterday market reached high 89, but now drop to 87.92. MA line sloping down, BB line to flat.
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Daily life traders, not always will in front of the chart, although FX market open 24 hours, traders need to sleep for healthy. Oil price yesterday rise to 87 level price finishing consolidation phase on last few days. Oil price now consolidation on last few hours
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We can plan the future, but we never know the future. The plan could be fail, butu the hope remain there. Oil price still traded on sideways, although analyst from Oilprice said weaker US dollar fuels oil price to rally.
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Yesterday is history, today is story, tomorrow is the hope. Russia now trying to hardwork unload oil to India before EU sanction. Oil price traded low trading range.
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Happy Monday, the trading story this week will starting from now. Oil price still traded on trading range below 90 level price. Oil price now 84.97 based XTIUSD chart FXOpen Tradinview. Upper band possible work first resistance at 85.55 and support based lower band 83.54. News today, Biden announced to put a floor under oil. The Biden Administration announced that it would start replenishing the SPR once prices fall to the $67-72 range, effectively putting a price floor under crude.
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Each traders has own skills, using the same method isn't mean will get the same result. Oil price still traded below 90 level price, when the price break middle band, posible continue drop, but the market is unique, sometimes price movement opposite with predcition. Stop loss needed.
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Take lesson from Maher Zain song, Don't despair and never lose hope, cause the God always by you side. Oil price yesterday pullback and landing to 84.63, but the price still formed higher low. The Fed hike interest rate on November still become hot rumor in the market. High inflation rate still become dark side in global economic.
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Sometimes the real market movement far different not suits from analyst prediction. The oil price still continue to drops and now break middle band line looking for next support zone.
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Oil price today still move near middle band line, this could be support zone where the price consolidated. Analyst from Oilprice says OPEC+ cut oil production make the price higher voilatile and risk to Russian oil price cap that planned G7 could make the price climb to 100. There is no one will knows
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The sky not always will bright, sometimes cloudly and dark. Oil price now move near middle band formed low 84.48, this zone work as support and possible to break. But possible also to pullback. The Fed target inflation rate still become hot rumors in the market possible lead the Fed hiked interest rate 75 basis point
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Oil price now at 87.70 based XTIUSD chart FXOpen in Tradingview. The price eventually rise after form low 84.50 and bounce to higher price near MA line. There are rumor the Fed possibly to hike interest rate until 75 basis point early November, what is mean?
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Forex trading remain risky, traders control their risk but can't control the market. Oil price still continue drops eventually reached 86 level price. The next support roughly 83 near middle band line. News oil, citing to Oilprice, OPEC+ luring hedge funds enter in oil market. According to Reuters, hedge funds and other money managers purchased the equivalent of 62 million barrels in the six most important petroleum futures and options contracts in the week ending Oct. 4th.
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According analyst from Oilprice, oil price drop once again because market focusing global recession fear. But another news OPEC+ cut oil production target still below target. Now oil price 87.68 looking 86 level prie
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The time still round cycle, yesterday already be the past and today as time where we here, and tomorrow we don't know what will happened. Trader only create a plan and running the plan, but the reality will determine. Oil price eventually drops to 89 level price after reached 92 break upper band line. It is looking target MA line. Today news Citing to Oilprice, Oil workers in Iran join Iran protests. Anger flared in several Kurdish cities after the 22-year-old Iranian-Kurds died on September 16.
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Monday has come, one failure is not end for everything, along have time to breathe, keep struggling is better choice. Oil price has reached 90 level price, the price formed high 92.41 based XTIUSD chart FXOpen Tradingview. Oil price near upper band as alert possibility of retracement. OPEC+ cut oil production target November still become reason oil rise, while Russia could take beneficial from rising oil price.
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As human we just make a plan, but the reality depends upon the God. In trading, maybe we expect the price will rise after buy and likewise when sell, we expected the price drop, sometimes the fact is different. It will depends with minds to accept it. Oil price yesterday still tries to continue rise, now price 87.94 expected the price reach 90. OPEC + eventually decided to cut oil production 2 millions barel per day, there are various opinion to read the impact.
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