2022/03/28 (022) Technical Analysis – UKOIL

What Will Happen, If Soon No More Gas From Putin?
Oil Prices On A Rapid Slide – Lockdown In China Burdened
Brent Crude Market Price Actions Tumbles Below 110 USD


Soon No More Gas From Putin – What Will Happen?

There are many indications that Germany will soon stop buying gas from Putin – but what will happen then? Economics Minister Habeck announced today that the G7 countries would not consider switching to rubles to pay for Russian gas. On the other hand, Putin’s assistants are making it clear that if the switch to ruble payments does not take place, gas deliveries will be stopped. Economists are currently arguing about the effects this will have in Germany. But one thing is also clear: Putin has a problem with time, especially since victory is a long way off. The stock markets are initially happy today – but the short positions have already been squeezed.
Our Trading Capability Thus Took Off Faster Than Excepted

On Tuesday, the 15th February, in the 3rd Edition, of our DEVISE 2 DAY Affiliate Financial Market Online Newsletter, i formulated a trading capability in the UKOIL – incl. with an entry price (93 USD), target price (130 USD) and or stop price (84 USD). In this case, UKOIL reached our target price. Everything i wrote was and or everything i`m still writing is no an investment recommendations. But, in the truest sense of the word, a trading capability for self-deciders. All my readers decide for themselves whether to trade something or not – regardless of my opinion. Because my DEVISE 2 DAY Affiliate Financial Market Online Newsletter is 100% commercially with 100% the best of my knowledge and beliefs. I always encouraging you to get better informed – to stay even 100% informative. So that you can better decide for yourself (not) act – buy/sell whatever you want.

Oil Prices On A Rapid Slide – Lockdown In China Burdened

Oil prices plummeted on Monday due to demand concerns. The trigger for the downturn are tough measures to contain the corona virus in China, which are slowing down the growth of the second largest economy in the world. A barrel (159 liters) of North Sea Brent cost $111.24 in the afternoon. That was $9.41 less than Friday. The price of a barrel of the US West Texas Intermediate (WTI) variety collapsed by $9.13 to $104.77. “The drop in prices today is primarily due to concerns about demand,” said commodity expert Carsten Fritsch from Commerzbank.

China has sent the financial metropolis of Shanghai into a partial lockdown due to a corona outbreak. Such curfews in metropolises of millions regularly weigh on the economic development of the second largest economy in the world. There is growing concern on the market that China’s strict zero-Covid policy could lead to recurring lockdowns in important economic centers, said the Commerzbank expert. This should not leave oil demand in China unaffected. In addition, the Yemeni Houthi rebels have announced a multi-day ceasefire towards the important producer country Saudi Arabia. In recent days, attacks on Saudi oil facilities have repeatedly raised concerns about the already strained oil supply. The situation on the oil market has been tense since Russia invaded Ukraine, as Russia, one of the world’s largest oil producers, is subject to severe sanctions. In the course of the Ukraine war, the price of Brent oil from the North Sea jumped to $139 a barrel at times. According to calculations by the Bloomberg news agency, Russian oil exports fell by 26 percent in the past week.

Use The Psychologically Important Price Action Area At 100 USD As A Trading Capability

Even though I formulated our current possibility at $112. I think it’s more profitable for traders and investors to go long than short. For now, I’m basically neutral on prices below $100. Because I then assume that the Urkaine conflict has been priced out for the time being. Although no financial market participant can quantify that 100 percent correctly. But looking back, the breakout to over USD 100 happened shortly before the outbreak of war, in February. So that we can assume, if we want to, that the rising oil price is mainly due to the fiscal policy of the left-liberal states in our so-called West. And on your verbal-political green agenda, which sends us taxpayers and consumers back to a green Soviet Union, green Yugoslavia, and or green GDR. In other words, in an (un)intentionally state-organized shortage economy. That`s why basicly above 100 USD rather long as neutral or short. And rather neutral under 100 USD…

Brent Crude Tumbles Below 110 USD

Brent crude futures declined as much as 9% to as low as $110 per barrel on Monday, amid fuel demand concerns in China after Shanghai launched a phased lockdown to curb surging Omicron cases and suspended public transport. Meanwhile, the EU Council summit last week failed to agree on additional sanctions against Russia amid opposition from Germany and others reliant on energy exports from the country, despite President Biden’s pressure. The moves followed an 11.8% jump in oil prices last week as markets grappled with supply disruptions caused by sanctions against Russian energy, damage to a major pipeline in the Black Sea and militant attacks on Saudi oil facilities.100 USD not only useful
as a stop mark for conservatives
– much more as a short-term entry point
for speculatives in the case of ongoing war

Regardless of that, more or less USD 106, USD 114, and/or USD 124 are important support levels for bulls and resistance levels for bears.

In order to preserve the upward trend above USD 100 in the medium term, bulls need prices above USD 120! Why? Because at price actions above USD 120, the gap from the last candlestick to the previous high is closed in retrospect. And then even a medium-term W trend reversal formation could form. Which could then even generate a long-term buy signal at new high price actions.

Let’s hope not as consumers at the gas station! And stay self-determined voluntarily, with prices above 100 USD, just long – in this trading capability. And then also independently of my opinion, independently of my comment, and or but also independently of my technical analysis.