I've been waiting to short actually. If its API gravity is greater than 10, it is lighter and floats on water; if less than 10, it is heavier and sinks. After the the nasty Christams Eve attack It is therefore impossible to predict anything for without looking at what happened in Crude Oil Elliott Wave Idea.
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After going as low as mid 40s crude seems to be recovering. Could be a triangle forming in crude oil before another leg down. Hi Guys, Oil started a downtrend when Jamal Khasshoggi was assassinated. It bottomed at 42 on the 24th of December. Thank you for your support and for sharing your ideas. Please note that I am not a professional trader and these are my personal ideas only. Just the right shoulder left to form. Will be looking to enter above the break of the neckline.
I've been waiting to short actually. I have been eyeing the supply zone between The key level 50, together with its supply zone, is a crucial turning point of the major trend. The price showed no sign of reversal as it leaps into the supply zone. And before we know, its way past the zone, reaching as high as The bottom is confirmed and USOil Crude oil price surpassed key resistance levels, the last one is The next target at Most probably it was a natural drop I let you guess who run the stops on a day when the next day was Holiday, and also the 26th of December was a Holiday in many European country After the the nasty Christams Eve attack Possible oil come back?
Because certain domestic light sweet crudes are of similar quality to Brent, some of this domestic production replaced Brent and Brent-like crude imports at U. Energy Information Administration, based on Bloomberg, L. When it comes to online commodity trading , traders should understand the academic differences highlighted above and choose the crude oil futures that is suitable for themselves or perhaps look at crude oil futures trading using spreads between the two crude oil futures contracts.
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Help Me Choose a Platform. What Are the Major differences between these crude oil futures contracts?: Brent Crude has an API gravity of around After registering you will be emailed login information, so be sure to use an email address you have access to. If you need assistance please call us at , a professional broker will help you through the registration process.