Oil price Will go Down!

Advertise on BHW
It’ll cool off eventually but if it doesn’t happen quick enough we’re in for a massive inflation spike.
 
Bestmary said:
Yes, Shift everything fundamental and look at the chart. Looking at USOUSD, price recently moved away from the highs and is now attempting a recovery on the lower timeframes.


The current bullish movement on the daily appears to be a short-term reversal, possibly targeting liquidity above recent highs around $109.


However, zooming out, the weekly structure still leans bearish. If that higher timeframe pressure remains, there is a possibility of price rotating back down towards the $85 area.


Even if fundamentally oil is bullish, you can't ignore what you see technically
Click to expand...
Man there is war going on. Of course the oil is going to rise. Technical analysis is good but it doesn't apply on emergency/war times...
 
USOUSD is briefly retracing to the 109 region to clear liquidity. However, the weekly chart remains bearish, so it's highly likely to be just a pullback, possibly returning to 85. Following the broader trend is preferred.
 
of course thechnical anlysis is good tool for understanding but don't beleive too much.
 
Makes sense but HTF pressure still suggests downside risk
 
USOUSD remains bearish on the weekly chart; the current rally is merely a technical rebound. It could reach 108-109 before continuing to fall back to 85 if the structure remains unchanged.
 
I see this as just a minor dip, and I'm calmly waiting for the price to rise and reap the profits.
 
Of course, eventually, since the dictator of Venezuela was removed, the world's largest reserves will now be available to the world, which would generate more supply.
 
Yet another week with Hormuz closed, but oil prices are just not going up. Trading oil has been painful ngl
 
Bestmary said:
Yes, Shift everything fundamental and look at the chart. Looking at USOUSD, price recently moved away from the highs and is now attempting a recovery on the lower timeframes.


The current bullish movement on the daily appears to be a short-term reversal, possibly targeting liquidity above recent highs around $109.


However, zooming out, the weekly structure still leans bearish. If that higher timeframe pressure remains, there is a possibility of price rotating back down towards the $85 area.


Even if fundamentally oil is bullish, you can't ignore what you see technically
Click to expand...
Oil prices could go down later in 2026, but the market is extremely volatile right now because of geopolitical risks and supply disruptions.
 
This is about to hit ATYL now must be very careful if someone is on long positions
 
Advertise on BHW
You must log in or register to reply here.
Sign up now!

Main Menu

Home Main Forum List Black Hat SEO White Hat SEO BHW Newbie Guide Blogging Black Hat Tools Social Media Downloads

Marketplace

Account Selling Content / Copywriting EBooks / Methods Hosting Misc Proxies For Sale SEO - Link building SEO - Packages Social Media Social Media - Panels Web Design More

Making Money

Affiliate Programs Hire a Freelancer IM Journeys Making Money Pay Per Click Site Flipping Want to Buy

BlackHat World

Dispute Resolution Forum Suggestions & Feedback Introductions Lounge
Back
Top