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WTI OIL Pull-back and final buy opportunity before +$93.00.WTI Oil (USOIL) is trading within a Channel Up pattern since early June with the 1D MA50 (red trend-line) supporting since July 06. Based on the 4H MACD, the price is pulling back at the moment to test the 4H MA50 (blue trend-line) as Support, similar to July 17. If it holds, it will be the final bullish sequence to test the 93.75 Resistance (October 10 & November 07 2022 Double Top), so we will buy and target 93.00. If not, the last opportunity will remain at the bottom of the Channel Up and on the 1D MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILLong
by TradingShot
8
Goldman Says Risks in Oil Supply Cut Amidst Bullish SentimentGoldman Sachs, a leading global investment banking firm, has issued a cautionary note urging traders to exercise caution amidst the current bullish sentiment surrounding the late-stage oil rally. In their latest analysis, Goldman Sachs has highlighted several risks that could potentially undermine the anticipated benefits of any oil supply cut. These risks may have adverse implications for traders like yourself if not carefully considered. Therefore, it is crucial to approach this situation with a cautious mindset and take appropriate measures to mitigate potential pitfalls. While it is understandable that the current market dynamics favor a late-stage oil rally, it is imperative to remain vigilant and avoid complacency. Goldman Sachs' research suggests that certain factors, such as the potential resurgence of COVID-19 cases, geopolitical tensions, and unforeseen disruptions in the global supply chain, could significantly impact the oil market. To ensure you navigate this uncertain landscape prudently, I encourage you to: 1. Stay Informed: Continuously monitor market trends, industry news, and expert opinions to understand the evolving dynamics that could influence oil prices comprehensively. 2. Diversify Your Portfolio: Consider diversifying your investment portfolio to include assets less susceptible to the oil market's volatility. This approach will help mitigate potential losses and buffer against unforeseen downturns. 3. Exercise Caution: Be mindful of your risk appetite and avoid making impulsive decisions based solely on short-term market fluctuations. Take a measured approach and carefully evaluate the potential risks and rewards before making significant investments. 4. Seek Expert Advice: Consult with experienced financial advisors or industry experts who can provide valuable insights and guidance tailored to your trading goals and risk tolerance. By adopting a cautious approach and incorporating these recommendations into your trading strategy, you will be better equipped to navigate the potential challenges associated with the current oil supply cut discussions. Remember, success in trading lies not only in recognizing opportunities but also in managing risks effectively. Goldman Sachs' warning serves as a timely reminder to exercise caution and prudence during this period of heightened volatility. Please comment if you have any questions or require further information. Let's navigate these uncertain times with a steady hand and informed decision-making. www.reuters.com
TVC:USOILLong
by bryandowningqln
2
Russia and Saudi Arabia Extend Supply Cut Until Year-End 🚀It's time to buckle up and get ready for an exhilarating ride as we witness the recent developments that are set to fuel our profits. 📈 I am thrilled to share the fantastic news that Russia and Saudi Arabia have just announced their decision to extend the supply cut until the end of this year. This strategic move is expected to significantly boost oil prices, creating a perfect opportunity for us to make some serious gains. 🌟 With these two major players committed to reducing supply, the market is set to tighten further, putting upward pressure on oil prices. As a result, we anticipate a surge in demand, leading to a perfect storm for traders who go long on oil. 📈💰 Now, you might wonder, "How can I capitalize on this golden opportunity?" Well, fret not, my fellow traders, as I have an exciting call to action for you. It's time to get into the driver's seat and join the oil rally! 🚀 Here's what you can do to maximize your potential gains: 1. Stay informed: Keep a close eye on the latest news, market trends, and expert analysis related to oil. Being well-informed will help you make smarter trading decisions. 2. Conduct thorough research: Dive deep into the fundamentals of the oil market, including supply and demand dynamics, geopolitical factors, and any other relevant indicators that may impact oil prices. 3. Develop a solid trading strategy: Craft a robust plan that aligns with your risk tolerance and investment goals. Consider entry and exit points, stop-loss orders, and profit targets to optimize your trading experience. 4. Leverage trading platforms: To enhance trading efficiency, utilize advanced trading platforms that offer real-time data, analysis tools, and features like stop-loss and take-profit orders. 5. Stay disciplined: Stick to your trading strategy and avoid making impulsive decisions based on short-term fluctuations. Patience and discipline are critical to long-term success. Remember, the oil market is buzzing with potential, and this extended supply cut presents an incredible opportunity for us to ride the wave of success. So, let's gear up, embrace the positive vibes, and make the most of this bullish momentum! 📈💪 If you have any questions or need assistance with your trading journey, please don't hesitate to contact our dedicated support team. We are here to help you navigate the exciting world of oil trading and ensure a seamless experience. I am wishing you happy trading and abundant!
TVC:USOILLong
by bryandowningqln
Oil Pushes to $86 as Supply Cuts ContinueIntroduction: We've got some exciting news to share today - oil prices are soaring to new heights as supply cuts persist! The black gold is inching closer to the $86 mark daily, and we couldn't be happier. So, prepare to seize this golden opportunity and long oil like never before! The Rising Tide of Oil Prices: In recent months, we've witnessed a remarkable surge in oil prices, driven primarily by the ongoing supply cuts. Major oil-producing nations, including OPEC and its allies, have worked diligently to stabilize the market. Their efforts have paid off, resulting in a steady reduction in oil supply. As a result, the demand-supply dynamics have shifted in favor of traders looking to go long on oil. The $86 Milestone: Now, let's talk numbers, traders! We're approaching the much-anticipated $86 milestone, and the excitement is palpable. With each passing day, oil prices are inching closer to this psychological barrier. As the global economy rebounds and oil demand grows more robust, we can expect prices to continue their upward trajectory. This is the perfect time to capitalize on this trend and make substantial gains! Why Go Long on Oil? The reasons to go long on oil are plentiful, my friends. Firstly, the ongoing supply cuts have significantly reduced the surplus fat in the market, paving the way for increased prices. Additionally, as the global economy recovers from the pandemic-induced slowdown, industries ramp up production, leading to a surge in oil demand. Furthermore, geopolitical tensions and uncertainties continue influencing oil prices, making it an attractive asset for traders seeking volatility and profit potential. Call-to-Action: It's Time to Long Oil! Fellow traders, the time has come to seize this incredible opportunity and long oil! With prices pushing towards $86, there's no better time to jump on this bandwagon. Here's what you need to do: 1. Stay Informed: Keep a close eye on market trends, news, and developments that impact the oil industry. Knowledge is power, and being well-informed will help you make informed trading decisions. 2. Analyze and Strategize: Develop a robust trading strategy based on your analysis of the market dynamics. Consider supply and demand, production levels, geopolitical events, and economic indicators to maximize profit potential. 3. Diversify Your Portfolio: While going long on oil presents an exciting opportunity, it's always wise to diversify your trading portfolio. Explore other commodities, stocks, or assets to mitigate risks and optimize your trading experience. 4. Consult with Experts: Seeking advice from experienced traders or financial advisors can provide valuable insights and help you refine your trading strategy. Utilize their expertise to make well-informed decisions. Conclusion: Traders, the oil market is buzzing with excitement as prices surge towards the $86 mark. With ongoing supply cuts and a growing global economy, the time is ripe to buy oil and make substantial gains. Stay positive, stay informed, and prepare for this wave of success. Happy trading, and may your profits soar higher than ever before!
TVC:USOILLong
by bryandowningqln
3
Navigating Oil Price Rises as Supply Tightens and China PMI Edge Introduction: As the global economy gradually recovers from the pandemic-induced slump, a combination of factors has led to a tightening of oil supply, resulting in a notable rise in oil prices. Coupled with China's Purchasing Managers' Index (PMI) showing signs of improvement, the time might be ripe for investors to consider long positions in oil. In this article, we will delve into the reasons behind the oil price surge the impact of China's PMI on the market, and provide a call-to-action for those seeking investment opportunities in the oil sector. Understanding the Supply Tightening: One of the primary factors driving the recent surge in oil prices is the tightening of supply. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been implementing production cuts to stabilize the market. These cuts and the ongoing global economic recovery have gradually reduced oil inventories, causing prices to climb. China PMI and its Influence: As the world's second-largest oil consumer, China is crucial in shaping global oil demand. The country's PMI, a key economic indicator, provides insights into the health of its manufacturing sector. As China's PMI edges higher, it suggests increased industrial activity and, subsequently, higher oil demand. This positive trend in China's PMI can potentially contribute to further price appreciation in the oil market. Call-to-Action: Long Oil For investors seeking potential opportunities in the oil market, now might be an opportune time to consider long positions in oil. As supply tightens and China's PMI shows improvement, the market dynamics appear favorable for potential gains. However, it is essential to approach oil investment cautiously and conduct thorough research before making any decisions. Here are a few key points to consider: 1. Diversify Your Portfolio: While oil investment can be lucrative, it is crucial to maintain a diversified portfolio to mitigate risks. Allocating a portion of your investment to oil can help balance your overall portfolio and potentially enhance returns. 2. Stay Informed: Keep a close eye on global oil market trends, geopolitical developments, and economic indicators like China's PMI. Staying informed will enable you to make informed decisions and seize opportunities as they arise. 3. Consult a Financial Advisor: If you are unsure about navigating the complexities of the oil market, seek guidance from a qualified financial advisor. They can provide personalized advice based on your investment goals and risk tolerance. Conclusion: As supply tightens and China's PMI edges higher, the oil market presents potential opportunities for investors. By understanding the factors driving oil price rises and staying informed about market dynamics, investors can potentially make informed decisions to benefit from this upward trend. However, it is essential to approach oil investment cautiously and seek professional advice if needed. With careful consideration and prudent investment strategies, long positions in oil may prove advantageous for those seeking to diversify and capitalize on the current market conditions.
TVC:USOILLong
by bryandowningqln
3
Oil Moves Up as China Extends Support to Boost EconomyIntroduction: In a positive turn of events, the global oil market has witnessed a significant uptick as China, the world's largest importer of crude oil, continues to implement measures to bolster its economy. This development has injected a sense of cautious optimism among traders, who now have an opportunity to capitalize on the upward momentum. In this article, we explore the recent support from China and provide a call to action for traders to consider loading up on oil slowly and conservatively. China's Economic Support: China's commitment to revitalize its economy has been the driving force behind the recent surge in oil prices. The nation's robust economic recovery plan, including increased infrastructure spending and a boost in domestic consumption, has instilled confidence in the oil market. As China's demand for oil rises, traders can anticipate a positive impact on prices. The Impact on Global Oil Prices: China's unwavering support for its economy has a ripple effect on the global oil market. As the nation's demand for oil escalates, it creates a favorable environment for prices to climb steadily. This upward trajectory can be seen as an opportunity for traders to enter the market and potentially reap the benefits of this positive trend. Call-to-Action: Load Up on Oil Slowly and Conservatively While the recent developments in the oil market are encouraging, traders must exercise caution and adopt a conservative approach. Here are a few key considerations to keep in mind: 1. Analyze Market Trends: Before making investment decisions, carefully analyze market trends, supply-demand dynamics, and geopolitical factors that may impact oil prices. Stay informed by following reputable news sources and consulting expert opinions. 2. Diversify Your Portfolio: To mitigate risks, it is advisable to diversify your investment portfolio. Allocate a portion of your resources to oil while maintaining a balanced approach across various sectors and commodities. 3. Set Realistic Targets: Establish realistic profit targets and risk management strategies. Avoid succumbing to the temptation of quick gains, as oil prices can be volatile. A gradual and measured approach will help you navigate potential market fluctuations. 4. Stay Informed: Continuously monitor global economic indicators, geopolitical developments, and policy changes influencing oil prices. Being well-informed will enable you to make informed decisions and adjust your strategy accordingly. Conclusion: China's commitment to supporting its economy has breathed new life into the oil market, offering traders a window of opportunity. However, it is crucial to approach this opportunity with caution and a measured mindset. By following a conservative investment strategy, analyzing market trends, diversifying portfolios, and staying informed, traders can benefit from the current upward trend in oil prices. Remember, slow and steady wins the race. Call-to-Action: Embrace this cautious optimism and consider loading up on oil slowly and conservatively regarding the considerations above. By doing so, you can align your investment strategy with the positive market sentiment and potentially capitalize on the upward movement in oil prices.
TVC:USOIL
by bryandowningqln
2
Crude oil prices reverse, or will launch a month-end sprint Although the U.S. economic S&P global PMI and durable goods orders were weak last week, these did not dampen growth prospects. The Atlanta Fed’s GDPNow model predicts that the U.S. GDP growth rate in the third quarter will reach 5.9%. Federal Reserve Chairman Powell also said at the central bank's annual meeting that "the U.S. economy is stronger than expected." Both the markets of China and the United States have seen positive changes, which is undoubtedly an important driving force for the stabilization and upward movement of WTI crude oil prices. In the short term, there are other supply concerns that boost oil prices. For example, some predictions that Saudi Arabia will further extend voluntary production cuts until October are circulating in the market, and the possibility of tropical storms affecting the short-term crude oil production capacity of the United States also supports oil prices. The four-hour chart shows that WTI crude oil prices stabilized and rebounded around 78 last week, and have now completed a bullish wedge-shaped reversal, which means that the downward trend from the August high has ended, and oil prices may turn upward. If it meets expectations, the initial upward target of WTI crude oil price will look at the 81.50-82 area, and the further upward target is also the more important resistance in the 83-84 area. If this resistance area is broken, the trend will gain a wider upward space. And if it falls back in the short term, focus on the support of the 79-80 area. Holding this support area will maintain a bullish outlook. If it falls back to the inside of the wedge, the bullish outlook will be invalidated.
FX:USOILLong
by Richard-Wagner
Short oil Above 38.2% Fib LineCrude oil is trading it highs to low short fib at the 38.2% line. Oil has a history of trading this short fib line in this downtrend. The last time it traded this level, crude dropped from 81.72 level to 77.57, hitting the objective to nearly the penny. Now, we are trading the highs to low 38.2 level. And, once again, we are having issues getting past it. So, let's take a small risk here and see if we can get a trade out of it. I am looking for a 15 minute candle with a wick or two above this 80.37 level. A rapid fall back beneath this level would be the right price action for a big break to the downside, targeting the objective at 75.87. The chart shows the previous Fib draw (left) and subsequent decline to the target objective. On the right, the current fib draw from low to highs, including this 38.2% line. For this trade risk no more than 25 cents on your fill. Based on projected move, this is a 20:1 Reward:Risk level.
NYMEX:CL1!
by CeresTrader
1
China's Economic Woes and Increased Oil Production Introduction: Recently, the global oil market has been experiencing significant fluctuations due to a combination of factors. The economic slowdown in China and the increased oil production in Iran and Venezuela have led to a drop in oil prices. As traders, it is crucial to approach this situation cautiously and explore opportunities to take advantage of this market scenario. Understanding the Factors at Play: 1. China's Economic Deterioration: China, the world's second-largest economy, has been grappling with a slowdown, which has had a direct impact on the oil demand. As the country's manufacturing and industrial sectors face challenges, the need for oil decreases, contributing to the price drop. 2. Increased Production in Iran and Venezuela: The easing of sanctions on Iran and the resurgence of oil production in Venezuela have further added to the supply glut in the market. As these countries ramp up their production, the oversupply of oil leads to a downward pressure on prices. Capitalizing on the Situation: While the oil price drop may pose risks, it also presents opportunities for traders to profit from the market. However, it is crucial to approach this situation with a cautious mindset and consider the following strategies: 1. Diversify Your Portfolio: As the oil market remains volatile, it is essential to diversify your trading portfolio to minimize potential risks. Consider exploring other sectors or commodities less affected by the oil price drop. 2. Monitor Global Economic Indicators: Keep a close eye on economic indicators, particularly those related to China's financial performance. You can make more informed trading decisions and mitigate potential losses by staying informed about the latest developments. 3. Analyze Geopolitical Factors: Stay updated on geopolitical events that may impact oil prices. Developments in Iran and Venezuela, such as political tensions or changes in production policies, can significantly impact the oil market. Remain vigilant and adapt your trading strategies accordingly. 4. Utilize Risk Management Tools: To protect your investments, implement risk management techniques such as stop-loss orders and trailing stops. These tools can help limit potential losses in case of unexpected market movements. Call-to-Action: Seize the Opportunity to Profit from Oil While the oil price drop may seem daunting, it presents a unique opportunity for traders to capitalize on the market situation. By carefully analyzing market trends, diversifying portfolios, and utilizing risk management tools, traders can navigate the oil market cautiously and potentially secure profitable outcomes. Stay informed and adapt your trading strategies to the evolving market conditions is crucial. Take advantage of this period of oil price drop by making well-informed decisions and seizing the profit potential. Disclaimer: This article is for informational purposes only and should not be considered financial advice. Traders are advised to conduct their own research and consult a professional financial advisor before making investment decisions. Note: It is essential to consult with a financial advisor or professional before making any investment decisions.
TVC:USOILShort
by bryandowningqln
Russia's Oil Exports Plummet to Lowest Volume Level Since JanIntroduction: In a surprising turn of events, Russia's oil exports have hit their lowest volume since January, raising concerns within the trading community. This unexpected decline has far-reaching implications for the global oil market, warranting a moment of reflection and reconsideration for traders worldwide. In this article, we delve into the reasons behind this decline and propose a call to action, urging traders to pause oil trading temporarily. The Unforeseen Decline: Russia, one of the world's largest oil producers, has experienced a significant drop in its exports, catching many traders off guard. The recorded volume level was the lowest since January, sending shockwaves through the trading community. This decline raises several red flags and highlights the need for a cautious approach in the current market. Factors Contributing to the Decline: Several factors have contributed to Russia's plummeting oil exports. First and foremost, the ongoing China economic slowdown has severely impacted oil demand, reducing production and exports. Furthermore, geopolitical tensions, economic uncertainties, and changing market dynamics have all affected this downward trend. The Call-to-Action: Pause Oil Trading: Given the current circumstances, traders must take a moment to pause and reassess their trading strategies. The declining oil exports from Russia should serve as a wake-up call for the trading community. It is crucial to adopt a more cautious and responsible approach to trading oil, considering the volatility and unpredictability of the market. Traders can mitigate potential risks by temporarily pausing oil trading and avoiding unnecessary losses. This pause allows for thoroughly evaluating market conditions, including supply and demand dynamics, geopolitical developments, and economic indicators. This step will enable traders to make informed decisions and adjust their strategies accordingly. Additionally, this pause serves as an opportunity to explore alternative investment avenues. Diversifying portfolios and considering other commodities or sectors can help traders reduce their dependence on oil and navigate the market with greater resilience. Exploring renewable energy sources like solar or wind power could also be a long-term investment consideration. Conclusion: The recent decline in Russia's oil exports indicates that the global oil market faces unprecedented challenges. As responsible traders, we must pause and reevaluate our strategies in light of these developments. We can protect our investments, mitigate risks, and explore alternative opportunities by temporarily taking a step back from oil trading. Let us collectively embrace this call to action and make informed decisions contributing to a more stable and sustainable trading environment. We can only navigate these uncertain times and emerge more robust in adversity through careful consideration and responsible action.
TVC:USOILShort
by bryandowningqln
WTI OIL Rejection on the 4H MA50, sell if the 4H MA200 breaks.WTI Oil (USOIL) got emphatically rejected yesterday on the 4H MA50 (blue trend-line) and formed another Lower High on the emerging Channel Down. The price is now approaching the 4H MA200 (orange trend-line) on an additional sell signal as the 4H MACD just completed a Bearish Cross, the first since the one that started this correction at the top on August 10. As a result, we are waiting for this bearish continuation confirmation, and will sell after a 4H candle closing below the 4H MA200. Our target will by 76.00 (just above the 1D MA50 (red trend-line)). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
1
Crude Oil Outlook for the Next 3 MonthsThe outlook for WTI crude oil in the next 3 months is mixed. On the one hand, global oil demand is expected to continue to grow, as economies around the world recover from the COVID-19 pandemic. This will put upward pressure on oil prices. On the other hand, supply of oil is also expected to increase in the coming months. OPEC+, a group of oil-producing countries, has agreed to gradually increase production. This will help to offset the decline in production from Russia, which has been hit by sanctions following its invasion of Ukraine. As a result of these factors, analysts are predicting that WTI crude oil prices will average around $85 per barrel in the next 3 months. However, there is a wide range of possible outcomes, and prices could go higher or lower depending on the global economic and political situation. How to Trade WTI Crude There are a number of ways to trade WTI crude oil. One way is to buy and sell futures contracts on the NYMEX. Futures contracts are a type of derivative that gives the buyer the right to purchase or sell a certain amount of oil at a specified price on a specified date. Another way to trade WTI crude oil is to buy and sell options contracts. Options contracts are a type of derivative that gives the buyer the right, but not the obligation, to purchase or sell a certain amount of oil at a specified price on or before a specified date. Options contracts can be used to speculate on the future price of oil, or they can be used to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil to protect itself from rising oil prices. How to Trade WTI Crude Options There are two main types of WTI crude oil options contracts: call options and put options. Call options give the buyer the right to purchase a certain amount of oil at a specified price on or before a specified date. Put options give the buyer the right to sell a certain amount of oil at a specified price on or before a specified date. The price of an WTI crude oil option contract is determined by a number of factors, including the strike price, the expiration date, and the volatility of the underlying oil price. The strike price is the price at which the buyer of the option can purchase or sell the oil. The expiration date is the date on which the option contract expires. The volatility of the underlying oil price is a measure of how much the price of oil is expected to fluctuate over time. To trade WTI crude oil options, you will need to open an account with a brokerage firm that offers options trading. You will also need to deposit funds into your account. Once your account is funded, you can place orders to buy or sell WTI crude oil options contracts. How Companies Can Hedge Positions with Speculative Trading on the Stock Exchange Companies that use oil in their production process can hedge against the risk of changes in oil prices by trading on the stock exchange. For example, a company that uses oil in its production process might buy shares of a company that owns oil wells. This will help to protect the company from rising oil prices, as the value of its shares will likely increase when oil prices go up. Companies can also use options contracts to hedge against the risk of changes in oil prices. For example, a company that uses oil in its production process might buy put options on WTI crude oil. This will give the company the right to sell oil at a specified price, even if the market price of oil falls. This will help to protect the company from losses if oil prices fall. Speculative trading on the stock exchange can be a risky proposition, but it can also be a way for companies to profit from changes in oil prices. However, it is important to remember that speculative trading is not a guaranteed way to make money. Companies should carefully consider the risks and rewards before engaging in speculative trading. ////////////////////////////////////// Risk Warning Trading stocks and options is a risky activity and can result in losses. You should only trade if you understand the risks involved and are comfortable with the potential for losses. Rating: Mixed Outlook Risk Disclaimer! The article and the data is for general information use only, not advice! The Trade Academy Team - The Professional Trader Risk Disclaimer! General Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. It is important that you understand how Trading and Investing on the stock exchange works and that you consider whether you can afford the high risk of loss.
NYMEX:CL1!
by TheTrade_Academ
WTI OIL Broke below the Channel Up. Potential downtrend startingWTI Oil (USOIL) broke yesterday below the 1.5 month Channel Up and is now the farthest it's been from the 4H MA50 (blue trend-line) since the June 28 bottom. As long as it fails to close a candle above the 4H MA50, the short-term trend remains bearish, targeting the 4H MA200 (orange trend-line) at 78.50. If however it closes above the 4H MA50, we will buy and target Resistance 1 at 84.85. An addition indicator for buy and sell is the 4H MACD. Once it makes a Bullish Cross, you can buy for quick short-term profit and similarly once it makes a Bearish Cross, you can sell. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
4
XTIUSD: 15/8 crude oil trading strategy today​Yesterday, oil prices continued to be suppressed technically, running below the 83 mark, showing a trend of shock consolidation. During the Asian-European trading session, the price was hit by the resistance of the 83.1 line, and quickly went down. In the afternoon, the price stabilized at the 82 mark and reversed. In the evening, it rushed up several times in the US market, but was suppressed by the 83 mark, weakened and fluctuated again, and was below 83 at the close, forming a negative line of shock and fall. Judging from the weekly chart, although there was a short-term correction of the cross K line after the continuous positive line rose last week, the overall market is still running in an upward channel. Although accompanied by a callback correction, the price shows a trend of horizontal consolidation, and there is no deep pattern of rushing up, falling back and closing down for the time being, implying that the current upward trend is not over yet, and it may still rise after the correction. In the 4-hour chart, the local upward trend has slowed down and lost the support of the middle rail, but it is currently entering the process of correction and gaining momentum, waiting for a stable rise again. The overall price continues to fluctuate and adjust below the 83 mark, and there may be expectations of a further decline in the short term. Crude oil operation strategy: sell83.3-83.6, sl60pips, tp82.0 buy81.0-81.3, sl60pips, tp83.5
FXOPEN:XTIUSD
by ActuaryJ
Oil Drops After Weak China - A Cautionary Call to Pause on Oil II am writing to you today with a sense of concern and urgency regarding recent developments in the oil market. As you may already know, oil prices have taken a significant hit following the release of weak economic data from China, a key player in the global oil market. The recent slump in China's economic growth and the uncertain property market have sent shockwaves through the oil industry. As a result, oil prices have experienced a slight decline, leaving many investors worried about the future trajectory of this crucial commodity. Given the current circumstances, we must take a step back and reassess our investment strategies in the oil market. While oil has historically been a lucrative investment avenue, the current volatility and uncertainty demand a more cautious approach. Therefore, I encourage you to pause any immediate oil investments and carefully evaluate the potential risks involved. It is crucial to consider the following factors before making any further decisions: 1. China's Economic Slowdown: China's economic growth has been slowing down, and this recent data only adds to the concerns. As the world's largest oil importer, any further deterioration in China's economy could profoundly impact oil demand, leading to a prolonged period of low oil prices. 2. Trade Tensions: The ongoing trade tensions between the United States and China have already caused disruptions in global trade patterns. Any escalation in these tensions could further dampen oil demand and negatively impact prices. In light of these factors, I strongly advise taking a cautious approach and closely monitoring the developments in the oil market. Diversifying your portfolio and exploring alternative investment opportunities less exposed to the risks associated with the current oil market conditions may be prudent. Remember, it is always better to prioritize capital preservation during uncertain times rather than chasing short-term gains. By exercising caution and patience, we can better navigate the unpredictable nature of the market and protect our investments in the long run. Please get in touch with me with any further questions or concerns in the comment section below. Together, we can navigate this challenging period and make informed decisions that align with our investment goals.
TVC:USOIL
by bryandowningqln
Is the Oil Trend Cooling Off? IEA Report LoomsIntroduction: As the global energy landscape evolves, the oil market has long been a focal point for traders seeking lucrative investment opportunities. However, recent developments and the impending release of the International Energy Agency's (IEA) report have raised concerns about the future of oil investments. This article explores the potential cooling off of the oil trend and advocates a cautious approach to oil investing. 1. The Changing Dynamics of Energy 2. The Impending IEA Report 3. Volatility and Uncertainty 4. Diversification and Alternative Investments Considering the current uncertainties surrounding the oil market and the imminent release of the IEA report, we urge traders to pause and re-evaluate their oil investments. It is essential to carefully assess the potential risks and align investment strategies with the changing dynamics of the energy sector. Exploring alternative investment opportunities that align with sustainability and renewable energy can offer long-term growth potential while reducing exposure to oil market volatility. Conclusion: The oil trend may be cooling off as the world transitions towards cleaner energy sources. With the IEA report looming, caution is advised when it comes to oil investments. By diversifying portfolios and exploring alternative energy sectors, traders can position themselves to adapt to the evolving energy landscape and potentially capitalize on emerging investment opportunities. Now is the time to re-evaluate investment strategies and embrace a cautious approach toward oil investing.
TVC:USOIL
by bryandowningqln
Ride the Oil Wave - Take Advantage of the Growing Supply Risks!As you may already know, the global oil market is experiencing a significant shift. Supply risks are rising, creating a perfect storm for traders like us to make substantial gains. With OPEC+ production cuts, geopolitical tensions, and the gradual recovery of global demand, the stage is set for oil prices to surge even higher. Now is the time to act, and I strongly encourage you to consider going long on oil. By taking a bullish position, we can potentially reap the benefits of this upward momentum and secure substantial profits. The excitement is palpable, and the potential returns are too enticing to ignore! Here's why we believe now is the perfect time to enter the oil market: 1. Supply Risks: Numerous factors, such as geopolitical tensions, production cuts, and supply disruptions, rapidly tighten the oil market. These risks put upward pressure on prices, creating an ideal environment for traders to go long and ride the wave of increasing demand. 2. OPEC+ Production Cuts: The recent decision by OPEC+ to maintain production cuts has further tightened the market's supply side. This strategic move indicates their commitment to stabilizing prices, making it an opportune time for us to take advantage of this bullish trend. 3. Gradual Demand Recovery: As economies worldwide continue to recover from the impacts of the pandemic, oil demand is steadily gaining momentum. The reopening of businesses, resumption of travel, and increased industrial activities are all contributing factors that will further drive up prices. So, how can you seize this opportunity and maximize your gains? I recommend considering a long position on oil futures or exploring other oil-related investment options. By leveraging this bullish sentiment and carefully analyzing market trends, we can position ourselves for potentially significant profits. Remember, timing is crucial, and the current market conditions are ripe for us to make a move. Conduct thorough research, consult your trusted advisors, and devise a strategy aligning with your risk appetite and investment goals. Don't let this exciting opportunity pass you by. Get in on the action and ride the oil wave to financial success! If you have any questions or need further guidance, please comment. Let's embark on this thrilling journey together and maximize this remarkable opportunity.
TVC:USOILLong
by bryandowningqln
WTI OIL Double Top rejection or break-out?WTI Oil (USOIL) almost hit today 83.50 (Resistance 1), which was the April 12 High that caused a rejection on the 1D MA200 (orange trend-line). The 1D MA200 is now long broken, so any 1D candle close above Resistance 1 will be a bullish break-out targeting Resistance 2. In that case we will buy and target 93.00. Until it breaks though, especially after an initial bearish warning shot on the 1D RSI that broke below its MA trend-line from overbought levels, it is very likely today's test to end with a price rejection towards 74.00 (Support 1). In that case, we will wait for the most optimal bearish confirmation by the 1D MACD and sell after a Bearish Cross and a rejection on the 4H MA50 (red trend-line). Our target will be 74.00 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOIL
by TradingShot
4