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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Totalenergies Se | LSE:TTE | London | Ordinary Share | FR0000120271 | TOTALENERGIES ORD SHS |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.20 | -0.36% | 54.72 | 3,318,967 | 16:35:16 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 51.94 | 57.08 | ||||
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Crude Petroleum & Natural Gs | USD 195.77B | USD 15.76B | USD 7.0532 | 7.75 | 122.7B |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:23:04 | O | 1 | 54.85 | EUR |
| Date | Time | Source | Headline |
|---|---|---|---|
| 24/2/2025 | 18:00 | UK RNS | TotalEnergies SE Capital decrease by way of shares cancellation |
| 22/11/2024 | 07:00 | UK RNS | TotalEnergies SE Admission of securities to the official list |
Totalenergies (TTE) Share Charts1 Year Totalenergies Chart |
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1 Month Totalenergies Chart |
Intraday Totalenergies Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/6/2025 | 10:10 | TOTALENERGIES SA | 1,042 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 22/6/2025 09:20 by Totalenergies Daily Update Totalenergies Se is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker TTE. The last closing price for Totalenergies was 54.92 €.Totalenergies currently has 2,234,150,359 shares in issue. The market capitalisation of Totalenergies is £122,118,658,623. Totalenergies has a price to earnings ratio (PE ratio) of 7.75. This morning TTE shares opened at - |
Posted at 15/6/2025 12:33 by waldron DUBAI 39°CWhat investors should watch this week: Oil, Fed, Tariffs, and Israel-Iran Tensions Middle East tensions, rising oil prices, key Fed meeting are setting the tone for markets Last updated: June 15, 2025 | 14:50 Justin Varghese (Your Money Editor) GULF NEWS The Fed will also share fresh economic projections this week, offering clues on how many rate cuts (if any) could be coming in the months ahead. Dubai: Global markets are heading into a jittery week as investors face a mix of rising geopolitical risks, volatile oil prices, and a critical U.S. Federal Reserve policy decision. The biggest headline-maker is the escalating Israel-Iran conflict. It’s already pushed oil prices sharply higher, with Brent crude up 7% to $74.23 and U.S. crude jumping over 7% to $72.98 a barrel. Any further escalation could threaten supplies through the vital Strait of Hormuz, where a large chunk of the world’s oil flows. That means higher fuel prices could be coming — not just for consumers, but also for businesses. At the same time, all eyes are on the U.S. Federal Reserve’s June 17–18 meeting. The Fed is expected to keep interest rates steady for a fourth time in a row — but that doesn’t mean it’s business as usual. President Trump has been pressing the Fed to cut rates sharply, blaming the current level for dampening growth. However, Fed officials remain cautious, holding off until inflation — especially from Trump’s sweeping tariffs — becomes more predictable. While inflation has stayed under control for now, the full effects of new tariffs may not show up in prices until later this summer. The Fed will also share fresh economic projections this week, offering clues on how many rate cuts (if any) could be coming in the months ahead. Why does this matter for investors? Because higher oil prices and policy uncertainty can affect company profits, consumer spending, and ultimately, stock market direction. Traders will be watching closely for any signs of change in tone from the Fed — or further headlines from the Middle East |
Posted at 12/6/2025 08:13 by waldron Better Energy Stock: TotalEnergies vs. ChevronBy Reuben Gregg Brewer – Jun 11, 2025 at 6:23PM Key Points Chevron is an international energy giant with a 4.8% dividend yield. TotalEnergies is also an international energy giant with a 6.5% dividend yield. Chevron has a long streak of annual dividend increases, but TotalEnergies has a growing electricity division. NYSE: CVX Chevron Chevron Stock Quote Market Cap $253B Today's Change (0.97%) $1.39 Current Price $144.74 Price as of June 11, 2025, 3:58 p.m. ET For investors, choosing between two similar companies to add to a portfolio can be a challenging process. Chevron (CVX 0.97%) and TotalEnergies (TTE 2.02%) offer a great example of this. Both are integrated energy giants. Both stocks offer high yields. But they have slightly different positive and negative attributes. So which one might be the better fit for your dividend portfolio? What do Chevron and TotalEnergies do? As integrated energy companies, Chevron and TotalEnergies have operations in the upstream segment (oil and natural gas production), the midstream segment (energy transportation), and the downstream segment (chemicals and refining). Each part of the energy industry operates a little differently from the others, and having exposure across all of them helps soften the impacts that volatile commodity prices can have on their results. Oil and natural gas prices are still the main driver of each company's financial results, and have huge impacts on their stock prices. But compared to pure-play drillers or chemical companies, Chevron and TotalEnergies tend to get through the typical energy cycle more easily. Each of these companies also has material geographic diversification. That said, Chevron is a U.S. company and it tends to have more exposure to its home market. TotalEnergies is a French company and it tends to have more exposure to Europe. Overall, however, the energy businesses are fairly similar. But these two companies are not interchangeable. That is highlighted by the fact that at their current share prices, Chevron's dividend yield is 4.8% and TotalEnergies yield is 6.5%. And the differences matter here. How are Chevron and TotalEnergies different? If you are an income investor, you'll be interested to know that Chevron has increased its dividend annually for 38 consecutive years. That's an impressive record given the inherent volatility of the energy sector. TotalEnergies's track record isn't as impressive, but it has gone through different dividend policies. Like most European companies it was a semi-annual payer before more recently shifting to quarterly payments. And for a stretch it targeted a set percentage of free cash flow, which meant its dividend varied. However, it has paid dividends for decades and more recently has focused on a progressive dividend, meaning it has been steadily increasing its payouts of late. Notably, however, when its European peers BP and Shell cut their dividends in 2020, TotalEnergies maintained its dividend, with management specifically stating that it was aware of the importance of the payment to its shareholders. On dividend reliability, Chevron wins, but TotalEnergies isn't exactly a bad deal. NYSE: CVX Chevron Today's Change (0.97%) $1.39 Current Price $144.74 CVX Key Data Points Market Cap $253B Day's Range $142.65 - $145.11 52wk Range $132.04 - $168.96 Volume 397,195 Avg Vol 9,685,793 Gross Margin 14.11% Dividend Yield 4.61% Chevron's balance sheet is among the strongest of its closest peer group, with a debt-to-equity ratio of around 0.2. TotalEnergies' debt-to-equity ratio is 0.5. That's much higher, of course, but TotalEnergies carries more debt and more cash. For example, Chevron ended the first quarter of 2025 with around $4.6 billion in cash on its balance sheet while TotalEnergies had $29 billion. Having less debt is better than having more debt and more cash, but TotalEnergies is still a financially strong company. This point is probably a wash. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor’s total average return is 996% — a market-crushing outperformance compared to 174% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks › *Stock Advisor returns as of June 9, 2025 NYSE: TTE TotalEnergies Today's Change (2.02%) $1.23 Current Price $62.13 TTE Key Data Points Market Cap $138B Day's Range $61.32 - $62.23 52wk Range $52.78 - $71.03 Volume 53,355 Avg Vol 1,767,447 Gross Margin 12.56% Dividend Yield 5.46% TotalEnergies is making a public push to use its fossil fuel profits to expand into the electricity space, with a focus on renewable power. This part of the business made up around 10% of its adjusted net operating income in 2024. Chevron is sticking more closely to its core oil and natural gas operations. If you are looking for an energy company that is adjusting today for a future world that relies more on clean energy, TotalEnergies is the easy winner. To be fair, BP and Shell have both discussed doing something similar. But they each used a clean energy shift as the excuse for their 2020 dividend cuts. Then, they both walked back their clean energy plans. TotalEnergies actually made the change and didn't resort to a dividend cut. So it stands out from Chevron, BP, and Shell when it comes to renewable energy. Which one will you pick? Chevron is facing some company-specific issues right now, including an acquisition that isn't going as well as hoped and some geopolitical upheaval around its operations in Venezuela. That's why its yield is so attractive relative to U.S. peer ExxonMobil, which has a yield of just 3.8%. TotalEnergies' dividend yield isn't quite as good as it looks, meanwhile, because U.S. investors have to pay French fees and taxes on it (though some of that can be claimed back come April 15). All in all, there are a lot of positives and negatives to consider with these two high-yield integrated energy giants. My preference is to err on the side of clean energy since the world is clearly in the middle of an energy transition. Add in the lofty yield and management's dividend support during the pandemic, and it's clear that TotalEnergies is a better fit for my portfolio based on my general beliefs about the future of the energy sector and income desires. But there's a strong case to be made for investing in Chevron, too, particularly if you prefer to keep your taxes as simple as possible and if you prize dividend consistency as much as dividend yield. The Motley Fool |
Posted at 08/6/2025 00:53 by grupo guitarlumber TotalEnergies Mulls Stake Sale of US, Spain Renewable AssetsPublished on 06/06/2025 at 17:25 (MT Newswires) -- TotalEnergies (TTE) is planning to divest a 50% stake of its US renewable assets portfolio, Bloomberg reported Friday, citing people close to the matter. The French energy company had 2.5 gigawatts of net installed solar capacity and roughly 800 megawatts of wind capacity in North America as of the end of Q1, according to the company's latest quarterly report. TotalEnergies is also looking to sell a 50% stake in almost 300 megawatts of solar farms in Spain, a source told Bloomberg. However, the company could wait and develop more facilities before putting them on the block if investors show greater interest in a larger portfolio of assets, according to the source. TotalEnergies didn't immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.) |
Posted at 20/5/2025 07:58 by maywillow 7 Energy Winners in a Market Going NowhereBy Alex Kimani - May 19, 2025, 7:00 PM CDT Despite oil prices hovering around $65 and macro volatility, energy giants like ExxonMobil, Chevron, and TotalEnergies continue to deliver strong earnings, dividends, and capital efficiency. Companies like EQT (natural gas), Diamondback (Permian oil), and Vista Energy (LatAm upstream) are gaining investor confidence. Analysts expect slower oil demand growth, rising inventories, and falling prices through 2026. Oil prices are stuck in a rut, with Brent hovering near $65 and WTI not far behind. The White House has dialed tariffs back—for now—but Washington’s 150-country trade warning last week has traders and executives bracing for more volatility. But still, a handful of oil and gas stocks are proving they can still deliver, regardless of the current macro whiplash. While the S&P Energy sector remains down slightly for the year, some names are either outperforming or building strong forward momentum. Exxon remains the benchmark. In Q1, the company averaged 4.6 million barrels of oil equivalent per day, beat EPS expectations at $1.76, and returned $9.1 billion to shareholders. Capital spending remains locked in at $28 to $33 billion annually through 2030. Exxon projects its breakeven Brent price to drop to $30 by the decade’s end. That’s a fortress balance sheet and a low-cost barrel in one package. Chevron (NYSE: CVX) Chevron is pushing forward, too. It recently received a Buy upgrade from Argus with a $169 price target, citing undervaluation and long-term free cash flow growth. Q1 EPS came in at $2.18, topping forecasts. Shareholder returns were strong—$6.9 billion in the quarter—and the Hess acquisition is set to close soon. Chevron’s break-even cost, around $30 per barrel, remains one of the best in Big Oil. TotalEnergies (NYSE: TTE) France’s oil giant is pivoting hard into LNG, renewables, and hydrogen, while still pumping out steady returns from upstream. Q1 revenue dropped, but EPS came in at $1.83 and LNG operations posted solid cash flow. The company’s break-even point post-dividend is under $50, and it raised its interim dividend by 7.6%. EQT Corp. (NYSE: EQT) EQT is a U.S. natural gas powerhouse. The company posted a 44% year-on-year increase in per-share earnings and is projected to grow earnings over 100% in 2025. With strong operational discipline and strategic hedging, EQT is the top gas play in a market short on good ones. Shell (NYSE: SHEL) Shell has quietly become a turnaround story. The stock has trailed the pack, but it’s underpinned by global LNG strength and a cleaned-up balance sheet. If oil prices rise or Europe leans harder into LNG imports, Shell is well-positioned to benefit. Diamondback Energy (NASDAQ: FANG) Diamondback has built a reputation for operating discipline and capital efficiency. Focused on the Permian, it’s maintaining profitability even at $60 oil. A 12% return so far in 2025 reflects confidence in the model. Vista Energy (NYSE: VIST) This Latin American player is small-cap but fast-moving. Despite volatility in Argentina, Vista’s U.S. listing and tight operations in Argentina and Mexico have drawn investor interest. It’s up 18% YTD and gaining ground as a stealth growth name. While these companies demonstrate resilience, the broader oil market faces significant headwinds. According to the International Energy Agency (IEA), global oil demand growth is projected to slow from 990,000 barrels per day in Q1 2025 to 650,000 barrels per day for the remainder of the year, influenced by economic challenges and record electric vehicle sales. Goldman Sachs forecasts a decline in global oil prices through the end of 2026, citing increased supply from OPEC+ and heightened recession risks stemming from a global trade war, particularly between the U.S. and China. The investment bank projects Brent crude will average $63 per barrel in 2025 and fall to $58 in 2026. On Monday, Goldman upgraded its global oil demand forecast, upping it by 600,000 bpd for this year, and by 400,000 bpd in 2026, though price prediction remained unchanged, and the move may have contributed some to easing the oil sell-off. Morgan Stanley anticipates that global oil inventories will start to increase in 2025, growing 0.5 million barrels per day on average in the second quarter before increasing by 0.7 million barrels per day in Q4. This accumulation is expected to exert downward pressure on prices, with Brent crude oil prices forecasted to fall from an average of $76 per barrel in Q1 2025 to an average of $61 per barrel by Q4 2025. In this environment, companies with low breakeven costs, diversified portfolios, and disciplined capital allocation are better positioned to weather the storm. Investors should remain vigilant, focusing on firms that demonstrate operational efficiency and adaptability in the face of market volatility. By Alex Kimani for Oilprice.com |
Posted at 03/5/2025 09:14 by waldron BofA Global Research cuts its target price for TotalEnergies on due to ‘weak’ cash conversion in the first quarterPublished on 02/05/2025 at 14:09 (MT Newswires) -- BofA Global Research has lowered its price target for TotalEnergies (TTE.PA) after the company reported ‘weak’ first-quarter results, affected by a working capital outflow that led to an increase in net debt. On Thursday, the research firm lowered its price target from €67 to €66 and cut its estimates for the French energy company's free cash flow for 2025 by 4%." However, our working capital estimates for the 2025 financial year remain unchanged, as we expect most of the outflows in the first quarter of 2025 to reverse by the end of the year," the analysts said. ‘And rather than worrying about the strength of TTE's leverage (which remains less than 0.6 times that of BP), we believe that TTE's use of its financial headroom is consistent with its (rare) history of consistency.’ BofA maintained its ‘buy’ recommendation on the stock, noting that TotalEnergies' ‘relative resilience’ remains undervalued. Translated with DeepL.com (free version) |
Posted at 30/4/2025 14:42 by waldron TotalEnergies Keeps Buybacks Despite Profit Drop on Weak RefiningBy Tsvetana Paraskova - Apr 30, 2025, 7:30 AM CDT TotalEnergies (NYSE: TTE) saw its first-quarter earnings decline amid weak refining margins, but the French supermajor remains confident it can sustain $2-billion buybacks in the second quarter despite lower oil prices. TotalEnergies reported on Wednesday an adjusted net income of $4.2 billion for the first quarter, down by 5% from the fourth quarter of 2024 and down by 18% from a year earlier. As previously advised, TotalEnergies raised its first-quarter oil and gas production by 4% on the year, to the top end of its 2.5 to 2.55 million barrels of oil equivalent per day (boe/d) range. At 2.55 million boe/d, the group’s output increased thanks to the continued ramp-up of projects in Brazil, the United States, Malaysia, Argentina, and Denmark. “The start-ups of the Ballymore offshore field in the United States during the second quarter and Mero-4 in Brazil expected in the third quarter will continue to add high-margin barrels and further reinforce the Company’s 2025 hydrocarbon production growth objective of more than 3%,” chief executive Patrick Pouyanné said in a statement. TotalEnergies reported strong results in the Exploration & Production division, with adjusted net operating income of $2.5 billion and cash flow of $4.3 billion, up by 6% and 9% quarter-to-quarter, respectively. In LNG, TotalEnergies – the world’s second-largest LNG trader after Shell – noted that the gas trading business “encountered the unexpected downturn of European markets following new heightened uncertainties on the evolution of the Russian-Ukrainian conflict.” The downstream division was the drag on the company’s Q1 results, with weak refining margins and declining petrochemical and biofuel margins in Europe. Downstream posted an adjusted net operating income of $500 million, and a cash flow of $1.1 billion, below expectations, due to operational performance at Donges and Port Arthur, Pouyanné said. Nevertheless, TotalEnergies expressed confidence it will reach its 2025 underlying growth objective. Also taking into account the strength of its balance sheet, the company’s board of directors confirmed the distribution of the first interim dividend of €0.85/share for fiscal year 2025, up by 7.6% from 2024 and in line with the dividend growth guidance announced in February. The board also decided to “continue share buybacks for up to $2 billion in the second quarter despite a softening price environment with Brent below $70/b since the beginning of April and an uncertain geopolitical and macroeconomic context,” Pouyanné added. TotalEnergies joins Eni and Equinor in reaffirming its shareholder distribution policy despite rising market uncertainties and falling oil prices. UK’s BP, however, on Tuesday reduced by $1 billion its quarterly share buyback program after reporting weaker-than-expected earnings, significantly lower cash flow, and rising net debt for the first quarter. By Tsvetana Paraskova for Oilprice.com |
Posted at 30/4/2025 13:46 by waldron CompaniesTotalEnergies Profits Drop As Prices Slide By AFP News Published 04/30/25 AT 5:51 AM EDT Falling crude prices are reducing profits at oil producers like TotalEnergies AFP TotalEnergies said Wednesday that its net profit fell in the first quarter despite expanding production, as a slide in global crude oil prices penalises the financial performance of energy firms. The French group said that its first-quarter net profit came in at $3.9 billion, a third lower than the same period in 2024. However, the company noted that result was broadly in line with the final quarter of last year. TotalEnergies boosted crude oil production by two percent from the first quarter of 2024, but that wasn't enough to compensate for nine percent drop in the international reference price. Global crude prices have slid in recent months as stiff tariffs introduced by US President Donald Trump's administration have sparked concerns about a slowdown in the global economy that could impact demand. Gas production climbed by six percent, with prices rising by nearly 30 percent. The gain for liquefied natural gas (LNG) was only four percent, however. TotalEnergies boosted electricity production by 18 percent. Chief executive Patrick Pouyanne said that "despite a softening price environment with Brent below $70 per barrel since the beginning of April and an uncertain geopolitical and macroeconomic context," TotalEnergies had decided to boost its first quarter interim dividend by 7.6 percent and proceed with up to two billion dollars in share buybacks during the current quarter. The company maintained its outlook for between $17 and $17.5 billion in net investments this year. IBT INTERNATIONAL BUSINESS TRADERS Given the economic uncertainty and OPEC+ nations boosting output it said oil prices were volatile "between $60 and $70 per barrel and refining and petrochemical margins are expected to remain weak". |
Posted at 26/3/2025 19:15 by ariane TotalEnergies SETTE+2.25% shares are trading higher on Wednesday after the company disclosed investments in six battery storage projects, totaling new storage capacity of 221 MW, for 160 million euros (around $172.58 million). The construction began in late 2024, with commissioning set for early 2026. The projects enhance TotalEnergies' role in Germany's clean energy sector, improving grid resilience and accelerating renewable energy adoption. TotalEnergies is introducing new battery energy storage systems in Germany through its affiliate, Kyon Energy, adding to the 100 MW already under construction. These battery projects complement TotalEnergies' German electricity portfolio, which includes 7 GW of onshore wind and solar in development with 200 MW installed or under construction and 6.5 GW net of offshore wind in development. Additionally, the company has 2 GW of storage capacity in development, with 321 MW under construction, and 9 GW of electricity aggregation capacity managed by Quadra Energy. TotalEnergies also operates 6,900 charge points, including 1,100 high-power stations. Patrick Pouyanné, chairman and CEO said, ”The implementation and integration of all these battery projects will allow us to supply our customers with clean firm power, contributing directly to our targeted 12% profitability in this activity," This month, the company entered into an agreement with German developer RWE to supply 30,000 tons of green hydrogen annually to the Leuna refinery in Germany for 15 years, starting in 2030. . TTE Price Action: TotalEnergies shares are up 2.91% at $65.41 at publication on Wednesday. TotalEnergies Powers Taiwan with New 640 MW Offshore Wind Farm, Strengthening Renewable Portfolio Benzinga.com. |
Posted at 13/3/2025 09:49 by ariane TotalEnergies : petit mieuxBy Hector ChaunuPublished on 13/03/2025 at 09h54(Boursier.com) - TotalEnergies gained 0.5% to 56.90 euros on Thursday, after a difficult period in the wake of falling crude oil prices. Brent is currently to $71, which should support the rebound in the share price. Among the latest broker opinions, Santander remains ‘outperform The energy giant reported adjusted net profit of $4.4 billion, adjusted EBITDA of of $10.53 billion, down 10% (consensus: $10.66 billion), and production of production of 2.427 million barrels per day (-1.4%), in line with expectations. Net profit fell by 22% to $3.96 billion and cash flow from operations from operations fell by 23% to $12.51 billion ($9.32 billion consensus). Despite these lower results, management is confident about the future and is looking after its shareholders: the company plans to buy back $2 billion worth of its shares per quarter this year, assuming ‘reasonable market conditions’, at a rate equivalent to that of the year before. TotalEnergies also expects to make net investments of between 17 and 17.5 billion dollars by 2025, of which 4.5 billion dollars will be in the form of capital expenditure. in 2025, of which 4.5 billion Translated with DeepL.com (free version) |
Posted at 08/9/2024 18:53 by waldron Author Jana KaneUpdated 02Sep.202411:51 The question of whether oil will rise or fall is a pressing concern for traders and investors who closely follow the energy market. Geopolitical and economic factors make oil price forecasting a challenging task. Therefore, it is crucial to analyze expert forecasts before making informed trading decisions. Recent data shows a notable decrease in oil purchases of WTI and Brent among asset managers. According to the Commodity Futures Trading Commission, the pace of reduction is the fastest in 4 years. Meanwhile, OPEC is sticking to its decision for member countries to temporarily reduce production until the end of 2024, preventing further price declines. The overall trend is downward, but oil is susceptible to any geopolitical events that may reverse the current trend. This article analyzes the factors that may affect the price of oil and presents forecasts for the WTI rate. Let's find out what will happen to the WTI rate in the near and distant future. The article covers the following subjects: Highlights and Key Points: WTI Crude Price Forecast for 2024–2030 Oil weekly price forecast as of 02.09.2024 US Crude Oil Technical Analysis Long-Term US Crude Technical Analysis for 2024 Long-Term Trading Plan for WTI Crude Oil Price Forecast for 2024 – Experts Predictions Oil Price Forecast for 2025 – Experts Predictions Long-Term Oil Predictions 2026–2030 Oil Price History Factors that Can Affect the Oil Price Why Oil Is So Popular In Financial Markets? Oil Varieties Conclusion: Is Oil a Good Investment? Oil Price Prediction FAQ Highlights and Key Points: WTI Crude Price Forecast for 2024–2030 The oil price is $67.555 as of 08.09.2024. Most experts assume that oil will fluctuate within the sideways channel of $70.00–$85.00 until the end of 2024, suggesting that the market will remain relatively stable, with minimal price changes. During a sideways market, it is better to open trades near the trading channel's boundaries. Short and long trades can be opened at $87.00 and $68.00, respectively. In the short term, oil is projected to slump to the lower boundary of the sideways channel. If the price goes beyond the key levels, buyers and sellers may develop the trend. The bearish and bullish scenarios assume that the crude price may reach $62.40 or $93.85, depending on the trend direction. Analysts forecast growth for 2025. The average price is predicted to be in the range of $83–$84 per barrel. According to long-term forecasts for 2026–2030, the price is expected to rise to $115 per barrel. Such limited growth typically precludes significant and risky corrections, which could result in financial losses for inexperienced traders. Oil trading can be a lucrative investment opportunity. Oil is one of the world's most widely traded assets. Due to the high trading volumes, you can find favorable buying and selling prices. The oil price is influenced by a number of factors, including geopolitical events, shifts in supply and demand, natural disasters, and political decisions. The market's high volatility presents numerous opportunities for traders to generate profits from both rising and falling prices. Oil can be an excellent asset for investors to diversify their portfolios. Oil trading helps to reduce overall risk, especially if the investment portfolio consists of stocks and bonds. You can trade oil using various instruments such as futures, options, contracts for difference, exchange-traded funds, and even oil company stocks. This wide variety provides flexibility in choosing a trading strategy. Before making any trading decisions, it is essential to conduct a detailed analysis, assess the risks, and compare potential profits with potential losses. Any forecasts should be treated with caution as they may change depending on various factors. USCrude: according to technical analysis, oil continues to fall within the medium-term downtrend. The asset reached its first bearish target of 74.55 last week. The next target is the August low near 71.34. USCRUDE current rate in the Forex market: USCRUDE = $67.772 Sell 67.555 Buy 67.772 Sentiment 99.6% 1-day change -1.96 (-1.35%) Last week, oil started an upward correction and hit the resistance (A) 77.74 - 77.17. Bears managed to hold the price below this area. As a result, the price has dropped and breached the support of 74.55. Therefore, the asset may decline to the August low near 71.34. This week, consider keeping your short trades initiated at the resistance (A) 77.74 - 77.17 open until the price hits the second target near 71.34. As for sales, a stop-loss order can be placed at the breakeven point. If the price consolidates below the August low, the slump will likely continue to the target in the Target Zone 3, 68.46 - 67.95. USCrude trading ideas for the week: Hold up sales opened at resistance (А) 77.74 - 77.17. TakeProfit: 71.34. StopLoss: at the breakeven (77.17). Technical analysis based on margin zones methodology is presented by an independent analyst, Alex Rodionov. On April 5, 2024, the price surged to a high of around $87.10. However, by June 4, it dropped to a low of $72.44. On July 5, the price reached another high of $83.92 and fell to $71.12 on August 5. The decline in the major highs and lows points to a downtrend on the daily chart. The long-term trend's EMA 190 does not show a clear direction and is moving horizontally. The EMA 21 is bearish, which indicates a short-term downtrend. Let's use technical analysis indicators to make a forecast for three months and 2024. In June 2024, the price tried to reverse the long-term downtrend by breaking through the red cloud. WTI traded above the cloud for some time but failed to form an upward movement. As a result, the asset fell again and reached below the June low near the support of $72.45. Oil is trading in a long-term downtrend. The red cloud emerging on the right side of the current price confirms this. Tenkan and Kijun lines are descending, meaning the short-term and medium-term trends are also bearish. The nearest unconfirmed resistance level is at $74.50. If bears manage to hold the price below this level, the decline will continue to $72.45. The Tenkan line located near this level provides additional strength to the $74.50 level. The chart shows the August high of $78.10, which serves as resistance. If the price breaks through the $74.50 level, the growth will continue to $78.10. Consider short trades at this level. The Kijun line located near this mark adds strength to this level. The downtrend is expected to continue for the next three months. Therefore, consider short trades at the resistance levels of $74.50 and $78.10 with the target of $72.45. If the asset breaches the $72.45 level, the decline will continue to $70.00 and $67.65. The oil's key support is the December 2023 low near $68.00. If the price breaks through this level, bears may push the quotes down to $62.40. The key resistance is the April 2024 high near $87.00. If the price breaches this level, the asset may rise to $93.85 in the long term. Therefore, the quotes are expected to move either to the upper or lower boundary of the channel in the remaining half of 2024. Besides, the asset will likely try to break through the key resistance or support. If so, the price will move further to the breakout level. The highest bullish target for 2024 is $93.85, and the lowest bearish one is $62.40. The oil is trading in a short-term downtrend. Therefore, the quotes may decline after a correction in the next month. The bearish target is the August 2024 low near $71.20. In the next three months, the price will be trading flat within the $68.00–$87.00 range. If the rate breaches the range boundaries, the asset will trade in a wider channel of $62.40–$93.84. Long-term trading requires focusing on the global trend, which has remained bearish since March 2022. Therefore, the price may try to break the support of $68.00 in 2024. If oil breaks through the $68.00 level, the price may reach below the 2023 low and decline to $62.40. The negative outlook will remain valid if the price fails to break through the resistance of $87.00 marked on the weekly chart. If oil breaches this level, the quotes will grow to $93.85. If the price consolidates above $93.85, the downtrend may reverse. If so, the asset may reach above the 2022 highs near $126.00. |
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