Crudeoilidea
Crude Oil Continues to Gain ProfitsCrude oil fell sharply at the beginning of last week and fell to 63.6. The main reason for this abnormal phenomenon is that the demand for crude oil was affected by the economic recession. Based on the previous news, the main reason for the decline of US oil may be related to the recent news. Too light. After OPEC announced its production cut plan in early April, the expectations of the market bulls did not receive further support from the news. Last Friday, U.S. oil also rebounded and returned to above 70. Although technically it is expected to stop falling and rebound, the daily average system has crossed downwards, and the medium-term bearish trend has been strengthened. Therefore, it will be relatively difficult for U.S. oil to rebound technically in the future , If you want to rebound strongly, you must have the support of fundamentals, such as OPEC's further implementation of the production reduction plan.
Combined with the trend of the daily line and the hourly chart, U.S. oil may choose to fluctuate strongly within the range at the beginning of the week. The lower part will first focus on the 70-line competition before testing. If it does not break through 70 at the beginning of the week, the tone will be stronger during the week. 72, and around 73 on the 10-day line, and even fell below 74 last week. But this also requires the support of favorable fundamentals. If the fundamentals do not come out with good news for a long time, then the bulls' expectations will fail, and the market may return to a weak state in advance.
In terms of operation, this week, U.S. oil is conservative or chooses to wait and see. If you are aggressive, you can conduct short-term low-long and high-altitude operations around the 70-73 range.
So let’s get down to business, every day we push real-time current price orders to prove our strength. At present, the daily operating profit is increasing. I believe that friends who come from experience have discerning eyes. After a period of communication and experience, as well as the verification of the market, I believe that the accuracy of the list can conquer all doubts and ideas. Contact me for free experience
Crude oil is steadily making profits every dayCombined with the trend of the hourly chart, U.S. oil continued to stay high and fluctuate within a narrow range after pulling up yesterday. This state indicates that the market may rebound again, but whether the top can break through 74, and whether it can press 75.5-7 is irrelevant. It's too easy to judge, after all, this wave of recovery still seems very sudden.
In terms of operation, choose to wait and see conservatively within the day, and try to operate long and then short if you are aggressive, that is, a retracement around 72.2-72 within the day, aggressive short positions and long positions, set a stop loss at 71.5, and target at 73.5-74. Hold a single to see the 74 competition, and if it breaks through, keep watching the 75.5-7 test expectation.
There may be resistance around 74 above the top within the day, but whether you can fight short or short depends on the actual situation. However, 75.5-7 above can still be regarded as the key pressure. If the pressure measurement reaches this point today, you can try short-term participation.
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Will oil prices continue to rise?The decline in U.S. crude oil inventories and the suspension of exports from the Kurdistan region of Iraq have supported the upward trend in oil prices, overshadowing the smaller-than-expected pressure on Russia's supply cuts.At the same time, five OPEC+ representatives said that the alliance may stick to the existing oil production reduction agreement at Monday's meeting.
On the technical side, WTI crude oil fluctuated and fell after the opening of the market, and slowly recovered after reaching a minimum of 73.74. The current price is trading near 74.7. Although crude oil is currently facing strong technical pressure, which has led to a small decline in the current situation, but the short-term upward structure has still not been effectively destroyed, so it can maintain a low bullish pattern in the short term.
Short-term trading reference:
1.Buy crude oil near the 73.7 position, stop loss level 73.3, take profit level 75.2
2.Try to sell crude oil in small batches near 75.3, with a stop loss level of 75.6 and a take profit level of 74.3
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Can the oil price recovery last?Judging from the trend of crude oil, since crude oil rebounded above 74, the technical bullish signal has been significantly strengthened.However, although the current oil price has returned to the range of the box, on the whole, the current price has basically touched the vicinity of the pressure zone of the previous box shock.In addition, judging from the strength of the recent rebound, it has not been as strong, so the trend may face a certain level of adjustment in the short term, and there is a technical need to step back on the midline of the channel to confirm the demand.After the last wave of the 4-hour level trend rose, the price was temporarily.The narrow volatility that remains at a high level weakens the strength of the upper attack, so there may be a trend of spatial correction in the short term.
Short-term trading reference: Sell crude oil near the 74.3 position, stop loss level 74.7, take profit level 73.2
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
The decline in crude is supported,ushering in short-term bullsRoman Roland once said that people often feel that the stage of preparation is a waste of time. Only when the real opportunity comes and they are unable to grasp it, can they realize that their usual lack of preparation is a waste of time.
Recently, it is mainly due to people's concerns about the global economy that have dragged down oil prices. However, the current market worries have eased, and oil prices bottomed out overnight, and there are some opportunities for short-term oil prices to rebound and adjust.In addition, from the trend point of view, after crude oil got rid of the downward channel, it bottomed out yesterday and rebounded to a stabilizing signal, indicating that the previous stage of the decline is almost over, and it is currently entering the cycle of shock and rebound.
In the short-term treatment, the lower support is near 67.9, and the initial pressure above is near 69.8.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Oil prices start to rebound, go long?Oil prices bottomed out and rebounded on Thursday, ending a three-day decline. Earlier, there were reports that Saudi Arabia and Russia met to discuss how to strengthen market stability. The two countries continue to promise to abide by the decision to reduce their production target by 2 million barrels per day by the end of 2023; helped by a strong rebound in the financial sector, US stocks closed sharply higher and also boosted oil prices.
However, the risk of spread between banks still makes investors nervous, suppressing their appetite for assets such as commodities, because they fear that further rout may trigger a global recession and reduce oil demand.In addition, market concerns about oversupply still cast a shadow over the outlook for the oil market.The IEA said on Wednesday that commercial oil stocks in developed OECD countries have hit an 18-month high, and Russia's oil production in February remained near the level before the war in Ukraine, despite sanctions on maritime exports.
From the trend point of view, oil prices have recorded a longer downward K-line for two consecutive trading days, suggesting strong downward support. On Thursday, a doji was recorded. The technical indicators are close to issuing an oversold signal. There is still a possibility of short-term volatility in oil prices. Bottoming out; however, before regaining the 70 mark, oil prices as a whole are still running in the air.At present, the initial resistance is near 70. If this position can be further recovered, it will increase the bullish signal in the future.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Ready to short crude oilThere are still concerns about the banking crisis in Europe and the United States in the market. Some investors are even worried about the arrival of a new round of global economic crisis. Moreover, the market is still worried about the oversupply of crude oil, and the future of oil prices is still biased towards bears.
It was mentioned in the article shared yesterday that once crude oil is established to be effective in breaking below the 70 mark, it is likely to fall further below the low of 66.15 on December 20, 2021 and the low of 62.46 on December 2, 2021. Near the position.At present, since crude oil fell below the low of 72.3 in the shock range, it has fallen sharply again. The lowest has reached near 65.6, and there is only room for 3 US dollars from the low of 62.46 on December 2, 2021. Now the short market is very strong, even in a small cycle, after a short pause or rebound in the falling market, it will choose to fall again, and the bulls have no resistance.Therefore, the current thinking about crude oil is still based on emptiness.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.