Monday market open, new opportunities back to available.

Oil price the last week tries to wake up after formed pin bar. Expected in the near future oil can reach 72.

Just info, 10 countries with largest natural gas in the world is Rusia, Iran, Qatar, Turkmenistan, Unites States, Saudi Arabia, the UAE, Nigeria, and Venezuela

After heavy drop yesterday, oil price now move flat waiting breakout. Oil price steady near 68 and consolidated in the range bands, indecision market still waiting break high or break low near bands line.

Saudi Arabia cuts oil price to Asia,The cut, to go into effect next month, represents a $0.25 per barrel cut month over month.

Oil price continue sharp decline on yesterday market, oil price dropped to low 63.93 and pullback to 67.
Some analyst confuse because normally falling inventory pump the price to rise, OPEC+ cut production seems gives temporary effect to oil price, fears economic and China falling demand still become reason why oil price plunge

Oil prices sharply dropped from a high of 76 to a low of 71, oil prices cross critical support of 73 and drop heavily only in three hours.
Analyst says economic fears and China's oil demand are disappointing, China included the largest oil importer in the world

Oil price slighthly drop to near 74 and get rejection near lower band line.
According analyst Oilprice, oil price drop because disappointing Manufacturing Data.
Oil price in neutral zone now.

Monday market gives new opportunities to start trading again.
Oil price tries to wake up again after dropped to low near 73, the oil price move below middle band and above lower band now.

Alexander Novak, a Russian Deputy Prime Minister say, more OPEC+ cuts not likely be necessary.
Oil price thick moevement yesterday after drop near lower band line, oil price consolidating near 74 level price.

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Oil continue heavy decline yesterday make the price landed low 74.16. In daily the price enter support zone near lower band line.

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Oil price still tries to continue decline, yesterday oil price formed lower low below MA and middle band line. oil price now at 77.18.

US banks included Citigroup, Bank of America, and Wells Fargo faced pressure to cut funding fossil fuel to make climate friendly

Russian oil export remain high despite production cut, Oilprice reported Russian export 3.4 million barrels per day (bpd) in the week to April 21 despite the 500,000 bpd production cut. Oil price now traded at 78.53 rising from low 76.66.

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Oil prices continue to decline on the Friday market to a low of 76.66. oil price crosses the MA line and middle band line.

Putin and the Crown Price of Saud, Mohammed bin Salman discuss via telephone to deal agreement on OPEC+ output quoted by Reuters.

The possible support is based lower band near 72, while in the hourly timeframe, the oil price still tries to cross the middle band line to continue bearish.

Oil market is dynamic, despite Goldman Sach make forecast oil price revision to $100, however the oil price decline and cross psichologist level 80 to low 79.85. Analyst says the reason oil decline because investor fears another interest rate hike and climbing US dollar. Instead response downsized oil inventory, oil market response to strengthening US dollar.

Oil price steady move near 80 level price in yesterday market, the oil price paint low at 79.89. MA line could be dynamic support in the daily timeframe near 79.50. G7 minister agree still needed to invest in natural gas ongoing fossil fuels and reduced global warming.

Oil price rise to high 84.53 and dropping to low 80.67 only a day market. There are some reason behind it including OPEC+ oil production cut and tension between Ameriva vs China about Taiwan. Now oil price back to near 80 level price that probably work as support zone since oil gap few week ago.

Morgan Stanley revised oil forecast after OPEC+ announce production cuts, they expect the price probably reach $100.
Oil price record highest at 84.53 on last week, despite eventually dropped again to 82 level price.

OPEC+ now they raising forecast for China oil demand, they expected oil demand average average 15.61 million bpd this year. While Oil price retrace from high 83.38 now back to 82.19. RSI not yet entering oversold zone level.

CPI data release yesterday lead oil gained roughly 2%, oil price eventually break 81 and formed new high 83.38. Now oil price tries to retrace near 88.63, middle band could be dynamic support amid bulls market.

South African trader Josue Nauzaya Ngingasa says money management is important in forex trading, amid interview as second place winner FTC 2022 he said https://youtu.be/gHo29kftL7s.

Oil price back to recent high near 81 level price after yesterday low near 79, according analyst Oilprice, oil price back to high because OPEC+ announced it would cut production by another 1.6 million barrels per day.

According analyst, unexpected oil production cut Saudi moving closer to Russia, both want oil price above $80 level prices.
Oil price now roughly 79.82, sideways market not yet over.

Monday market, no gap on oil prices, oil steadies move near 80 level price after large gap on previous week.
Bollinger band squeeze formed in the hourly timeframe, waiting for breakout.

Oil price move steady after OPEC+ surprised the market by announcing oil output cuts two days ago.
In the hourly timeframe, Bollinger band squeeze appear waiting for breakout.

Oil price still move in trading range above upper band line, the price not yet move to recover the gap.
OPEC+ still have control to oil supply in the market, Bollinger band squeeze means the price waiting breakout.

Fall is not the end, wake up and stand again or keep to sink amid failure depends us to deciding.
Oil price traded in the low movement yesterday, after large gap occurs, the price not immediately to recover the gap. While Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman warned traders that whoever gambled on the market would be sorry.

We can't control the market, we just tries follow the market and we are not perfect, risk management is important.
Oil price gap today is very wide ever seen, oil price jumped above 80 from 74, head commodities Goldman Sach Jeff Currie says We would argue you are buying the dip at this point. However the price already near resistance zone, is pullback or rise higher?

Oil price rise again on yesterday market, the price eventually formed high 74.76, although OPEC+ To likely stick to its current production cut plan. Oil prices in this week being crashed, however fears bank eased could lead oil price more confidence.

Analyst says the banking crisis that started with the failure of Silicon Valley Bank (SVB) is putting major U.S. LNG projects at risk.
Meanwhile oil price retrace to low 72.85 after hitting high 74.38, oil consolidated near middle band line as indecision market.

Oil prices continue to rise amid news US production is now 800,000 bpd lower than the peak production seen in March 2020, but 700,000 bpd higher than this time last year. Analyst said bank fears eased good for oil prices.

Analyst could be make wrong analysis, yesterday fears bank could lead sell of oil price. But today analyst says bank fears eased because First Citizens that it would acquire deposits and loans from failed Silicon Valley Bank (SVB) to stabilize markets. Yesterday oil price rise roughly 5% from low 69.13 to high 73.09. Here important of risk management.

Monday market there is small gap occurs on oil prices, according analyst Banking fears led to a major sell off in crude oil futures. Investors move to precious metal like gold and Silver.

Oil price now consolidated near lower band line, after the price dropped from high 71.66, oil price still hard to break MA line.
EU still continue to ban Russian oil, recently EU ban Russian fuel leads to diesel glut in Asia.

The FED eventually hike small interest rate 25 basis point, after announced oil price rise 2% and now eventually reach 70 level prices. After hit the high 71.28 oil price pullback to near 70, first resistance still near MA line at roughly 72.

Measures to stabilise the banking sector, including a UBS takeover of Credit Suisse and pledges from major central banks to boost liquidity, have calmed fears about the financial system that roiled markets last week, oil rise tries to cross 70 level of price.

From low 64.35 now Oil price rebound at 69.41.