{"id":130226,"date":"2018-07-17T10:01:57","date_gmt":"2018-07-17T14:01:57","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=130226"},"modified":"2018-07-17T08:03:11","modified_gmt":"2018-07-17T12:03:11","slug":"gas-oil-analysis-oil-prices-are-falling-due-to-an-increase-in-production","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/07\/gas-oil-analysis-oil-prices-are-falling-due-to-an-increase-in-production\/","title":{"rendered":"GAS\/OIL Analysis &#8211; Oil prices are falling due to an increase in production"},"content":{"rendered":"<div id=\"inves-10830954\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 17, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Oil prices are falling due to an increase in production<\/strong><\/p>\n<blockquote><p>In this review, we suggest considering the personal composite instrument (PCI) &amp;GAS\/OIL. It reflects the price change dynamics of the US natural gas against the US light crude oil West Texas Intermediate (WTI). Will <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/personal-instrument-pci\/natgas-oil\">GAS\/OIL prices<\/a> rise?<\/p><\/blockquote>\n<p>Their increase means that natural gas is in greater demand than oil. Currently, oil prices are falling, as OPEC and non-OPEC producer increased the production by 1 million barrels per day. An additional negative factor for the market may be the expected increase in oil production in Libya. The extraction of natural gas in the US is now at a historic high. However, it is in good demand for generating electricity. In turn, the increased power consumption is due to the usage of a large number of air conditioners amid hot weather in the United States. The US reserves of natural gas now amount to 2.262 trillion cubic feet, which is 18.8% below the 5-year average.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/16-07-2018.png\" alt=\"GAS\/OIL\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>GAS\/OIL: D1<\/b> formed a double bottom and left the falling channel. A number of technical analysis indicators formed buy signals. The further price growth is possible in case of an increase in demand for natural gas in the US and an increase in world oil production.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator<\/b> gives a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands<\/a> have widened, which indicates high volatility.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator<\/a> is below 50. It has formed a positive divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator<\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>GAS\/OIL<\/b> exceeds the last fractal high at 0.733. This level may serve as an entry point. The initial stop loss may be placed below the last fractal low, the 4-year low and the Parabolic signal at 0.673. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level (0.673) without reaching the order (0.733), we recommend to close the position: the market sustains internal changes that were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 0,733<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 0,673<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-788552993\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Oil prices are falling due to an increase in production In this review, we suggest considering the personal composite instrument (PCI) &amp;GAS\/OIL. It reflects the price change dynamics of the US natural gas against the US light crude oil West Texas Intermediate (WTI). Will GAS\/OIL prices rise? Their increase means that natural gas [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-130226","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=130226"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130226\/revisions"}],"predecessor-version":[{"id":130258,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/130226\/revisions\/130258"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=130226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=130226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=130226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}