Oil and Gas

The cost of mining Bitcoin reduced to its lowest in ten months. This is because people involved in the mining operation are now making use of better equipment to do the mining. This has reduced the difficulty of mining Bitcoin to about 6.7%. During last week’s Wednesday strategist disclosed that the production cost for Bitcoin […]

Premier African Minerals Limited shares (LSE:PREM) have not assumed a clear direction because the market is a kind of got stuck in an equilibrium phase. A breakout is going to happen very soon and that would be in favor of sellers, as the analysis below shows. Price is currently stuck between the upper and lower […]

BP shares (LSE:BP.) have dropped like a stone, effectively putting an end to the recent bullish movement that was in the market. The bullish movement, which was seen from January 2022 to May the same year, has been put to an end effectively. Price precipitously like a stone and went below the EMA 21, closing […]

Oil prices have made headlines since the Russia-Ukraine War. Russia’s oil production declined in April. Oil prices have risen significantly since the start of the war. Economic sanctions on Russian oil and tighter supply have led to soaring oil prices. Amid the potential shutdown of Russian oil, OPEC has not agreed to raise production to […]

Key Resistance Levels: $80.00, $84.00, $88.00 Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: Bullish USOIL has been in an uptrend but it may face rejection at $85.39. The index is retesting the previous high of $85.39. In previous price action in October and November, the bulls failed to break above the overhead resistance. Meanwhile, on December […]

Key Resistance Levels: $80.00, $84.00, $88.00 Key Support Levels: $66.00,$62.200,$58.00 USOIL (WTI) Long-term Trend: Bullish USOIL has been in an uptrend but it may face rejection at $85.39. The index is retesting the previous high of $85.39. In previous price action in October and November, the bulls failed to break above the overhead resistance. Meanwhile, on December […]

Touchstone Exploration Inc. shares (LSE:TXP) has just experienced a pullback amid some bullish effort. The bullishness started in September 2021, ending the trendless period that preceded it. The RSI period 14 is currently below the level 40, which means a “sell” signal. However, price itself remains between the upper and lower Trendlines. If price goes […]

Commodity markets proved popular with retail traders this week so far on the European trading and investing platform, Capital.com. According to data provided by Capital.com, the number of traders trading derivatives on Natural Gas markets has increased by 35% so far this quarter. Investors have also placed larger trades in the popular commodity with the […]

Angus Energy Plc shares (LSE:ANGS) are essentially bullish, against all odds. Price has been making serious effort to stay above the EMA 21 for the most part of this year, although that effort did not yield any positive results in August 2021. The market has managed to go above the EMA 21, and there is […]

Union Jack Oil Plc shares (LSE:UJO) are currently in a maniacal downtrend. There was a perceived ranging movement in April and May 2012, which ended in the following month of June, as a bearish run sets in. There were desperate bullish attempts in June and July, but further northwards movements were rejected at a recalcitrant […]