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Oilsignals

Short continuation Crude oil broke straight down yesterday, with the high point at 81.0, the lowest point at 77.0, and the closing price at 77.11. The daily level includes a big negative line. The high price did not break the previous high, but the low price broke the previous low, showing a downward trend. The daily line of crude oil showed an N-shaped downward break pattern on the general trend, and the market outlook continued to be bearish. Crude oil shorts have broken through to open up space, and the short-term outlook is expected to continue. Short-term resistance levels focus on the 78.6-79.5 and 75.0-74.0 support levels.
VANTAGE:CL-OILShort
by Anthony-Ryan
Crude oil prices will continue to fall Crude oil has been in a downward and volatile trend recently, and the increase in U.S. crude oil production has eased the market shortage. Although the Palestinian-Israeli conflict has played a certain role in raising oil prices, major oil-producing countries in the Middle East such as Saudi Arabia and Iran have not participated in the war and have not jointly reduced production. OPEC+ has reduced production many times since last year, So Middle East oil production cuts are less likely. If the Arab states and Iran are involved in a war, they may jointly implement oil production cuts or embargoes, which will trigger an increase in oil prices. Crude oil continues to fluctuate downward, trading in the range of 80-84.5
VANTAGE:CL-OILShort
by Anthony-Ryan
Crude oil analysis on November 7 After crude oil rose from a low of 80.66 to 82.24 yesterday, it has been unable to break through the key resistance level and began to fall to the bottom again today. Yesterday's upward trend in crude oil was also due to the current shortage of crude oil in the market and the US market situation. Crude oil has strong support at 78.8 and resistance at 82.5. Today's market is more inclined to correct upward. Bulls are strong and are expected to break through 82.5 today Follow updates
VANTAGE:CL-OILLong
by Anthony-Ryan
Crude oil faces rising opportunities The crude oil market fell for a second straight week on renewed signs of weak demand after the premium over the risk of the Palestinian-Israeli conflict faded. However, weak data from the U.S. employment report supported market speculation that the Federal Reserve may stop raising interest rates, which provided some support for oil prices. Saudi Arabia's announcement to cut crude oil production will further push up oil prices. A tight market for crude oil is supporting crude prices. The current support level of .80 has been continuously tested but has not fallen below. Let’s see if crude oil can break through 85.5 in the future
VANTAGE:CL-OILLong
by Anthony-Ryan
Oil 4H midday updateThe oil price is showing additional positive trading to gradually approach our first awaited target at 84.12, waiting for this level to be breached to confirm the continued dominance of the upward trend and achieve additional gains up to 85.94. On the other hand, you should be aware that breaking 82.90 will stop the expected rise and force the price to decline again. The general trend expected for today:bullish Pivot Price: 82.90 Resistance Prices: 84.12 & 85.94 & 87.73 support price: 80.95 & 79.73 & 78.21
TVC:USOIL
by Evar_Mayi
Crude Oil Thursday Trading Signals Through the analysis of the hourly chart of crude oil, we know that yesterday’s market rose first and then fell again in the evening and hit a new low at 80.30 below, stopping the decline and rebounding. We can clearly see from the attached picture below that there was a bottom-buying signal from a small institution below yesterday. It rebounded as expected. In early trading today, a low-priced signal from small institutions appeared again in the market. It is expected that it will continue to rebound. In the short term, we will focus on the pressure of moving averages No. 1 and 2, but we do not rule out further declines to the bottom during the session. The position of the No. 3 moving average is where we continue to think high, low and long. The specific suggestions are as follows: sell 82-81.8 tp80 buy 79.5-80 tp 81.6
TVC:USOILShort
by Krause_Philipp
Crude oil Wednesday strategy On Tuesday (October 31), under a series of negative impacts, WTI crude oil closed down 1.5% and broke through the key support of $82.00, indicating that the rise of WTI crude oil since the beginning of May is facing an end, and at the same time, downward space may be opened. Looking at the daily chart of crude oil, oil prices have stopped rising at a high of 95 and entered a correction state. Oil prices have experienced a two-week decline and adjustment. Oil prices have crossed below the moving average system, and the objective trend has entered sideways consolidation. The original flag-shaped relay pattern has been destroyed. Under the uncertain war and conflict, oil prices continue to reverse upward. The current mid-term trend of crude oil has entered a high-level consolidation pattern. If the situation escalates, it is not ruled out to review the rise again. The short-term (1H) trend of crude oil continued its volatile downward trend and hit a new low of 81.40. The moving average system is arranged in a short position, and the short-term objective trend remains downward. In early trading, oil prices adjusted weakly near the lows, and short-term momentum prevailed. Pay attention to the resistance of the yellow downward trend line on oil prices in the chart. It is expected that crude oil will continue to decline in the short term during the day. interval category. It is expected that crude oil will continue to decline during the day and test the support position at the lower edge of the 81.70 weekly chart range. Trading signals: sell82.50 sl84.00, tp80.70. For more analysis, please join me
TVC:USOILShort
by Krause_Philipp
Pay attention to the key position 85.85 Crude oil has experienced two consecutive weeks of range-bound volatility. Attempts to break above resistance failed. The shortage of crude oil in the market is also constantly easing, limiting the upward range of oil prices and reducing investors' willingness to chase increases. The current low inventory situation will also limit the room for correction of oil prices, which means that oil prices will most likely remain within the range for some time to come. , pay attention to the rhythm and control the risks. The daily trend of oil prices still remains below the mid-range and short-term moving averages. The indicators in the attached chart also maintain the development of bearish signals. The short-term trend is still likely to fall back. But combined with the weekly chart, crude oil is obviously bullish. Pay attention to the resistance levels of 85.85 and 87.5 and the support level of 82.3. 85.85 is a bullish key level
VANTAGE:CL-OILLong
by Anthony-Ryan
2
Crude oil trading strategy for Tuesday Through the analysis of the hourly chart of crude oil, we know that yesterday's market surged higher and fell back, showing that the main bulls were weak, and once reached the 81.80 line below to stop falling and rebound. From the picture below, we can clearly see that there has been a super main force buying the bottom signal. It is said that there will be a rebound in the short term. In the short term, we can focus on the pressure on Nos. 1 and 2. It is expected that the bottom area will continue to fluctuate and build a bottom. In the short term, in terms of operation, we will continue to think of going high and low and long. The specific suggestions are as follows: Crude oil is short at 83.90 and 84.90 respectively, with a stop loss of 70 points and a profit stop of 200 points; Crude oil is long at 82.10 and 79.80 respectively, with a stop loss of 70 points and a profit stop of 200 points. If you need more analysis and signals please join me
TVC:USOIL
by Krause_Philipp
Crude oil trading strategy Through the analysis of the hourly chart of crude oil, we know that the last trading day first fell, then rose and then fell. The pressure that reached the middle track of the Bollinger Band above was blocked and fell back. We can clearly see from the picture below that the main bulls continued to intervene in the bottom area of the market. , in the short term, there is currently a top-bottom-raising movement, which is very likely to break through the suppression of the middle track of the upper Bollinger Bands with heavy volume. In the short-term below, we focus on the support of the upward trend line. In terms of operation, we continue to think high, low and long, focusing on going long on dips. Specific suggestions are as follows: Crude oil buy84.20/83.20 TP 85.5-85.8 Crude oil SELL 85.8/87.5 TP 83.5-84.5
TVC:USOIL
by Krause_Philipp
WTI OIL Head and Shoulders within A Channel Up.WTI Oil (USOIL) eventually formed the Channel Up we projected on our most recent (see chart below) analysis 2 weeks ago: As the price is below both the 4H MA200 (orange trend-line) and the 4H MA50 (blue trend-line), we spot the completion of the Right Shoulder of a Head and Shoulders (H&S) pattern inside that Channel. We will not short however before the price closes a 4H candle below the bottom (Higher Lows trend-line) of the Channel Up. Technically the H&S targets the 2.0 Fibonacci extension (75.00) but for the time being, we will settle for a 79.00 target, which will be marginally above the 1W MA50 (red trend-line) and 1.5 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
2
Oil Prices Plummet as Russia Boosts ExportsTh oil market that might present a potential opportunity for those who are interested in shorting oil. Please note that this opportunity should be approached with caution, as market dynamics can be unpredictable. Over the past few weeks, we have witnessed a significant drop in oil prices, primarily driven by Russia's decision to ramp up its oil exports. As a result, the global oil market is experiencing an increased supply, which has put downward pressure on prices. As of today, oil prices have dipped below the $84 mark, signaling a potential bearish trend. Considering the current situation, it may be prudent to explore the possibility of shorting oil. However, I must emphasize the importance of conducting thorough research and analysis before making any investment decisions. As experienced traders, you understand the importance of managing risks and being prepared for any potential market fluctuations. To assist you in evaluating this opportunity, I recommend closely monitoring Russia's export levels, as well as keeping a close eye on global oil demand and geopolitical developments. Additionally, staying informed about any significant announcements or policy changes from major oil-producing countries will be crucial. As always, it is essential to remember that the oil market can be highly volatile, and timing is of utmost importance. Therefore, I encourage you to exercise caution and carefully assess your risk appetite before engaging in any short positions. Should you decide to explore this opportunity further, I encourage you to consult with your financial advisor or seek professional guidance. They will be able to provide tailored advice based on your individual circumstances and investment goals. In conclusion, the recent drop in oil prices, driven by Russia's increased oil exports, presents a potential opportunity for those interested in shorting oil. However, I urge you to approach this opportunity with caution, conducting thorough research and analysis before making any investment decisions. Remember to stay informed, manage your risks, and seek professional guidance if needed.
TVC:USOILShort
by bryandowningqln
Oil price is recoveringOil price trades rebounded strongly after finding strong support formed by the 50 moving average in front of the recent negative trading, to exceed the 88.79 level and attempt to return to the main ascending channel again, which leads the price to achieve expected gains during the coming sessions, on its way to visit the 90.39 and then 91.56 levels. As major positive stations. Therefore, the upward bias will be likely for today, influenced by the double bottom pattern that appears on the chart, keeping in mind that trading below 88.79 again will put the price under negative pressure targeting testing the 88.79level initially.
TVC:USOILLong
by Evar_Mayi
WTI OIL Channel Up. Short-term sell opportunity.WTI Oil (USOIL) got heavily rejected following our sell signal (see chart below) earlier this month (October 02) after failing to close above the 12-month Double Top: This long-term bearish trade is still valid but on the short-term (4H time-frame) we see another sell opportunity in the making. The Channel Up that is emerging after the price got rejected on the 4H MA200 (orange trend-line) calls for a sell back to the bottom (Higher Lows trend-line) of the pattern. Our target is 83.50 (-5.66 bearish leg as the one before it). The 4H MACD is about to form a Bearish Cross so if the price breaks below the (dashed) Higher Lows trend-line, we will sell the break-out and target the 1W MA50 (red trend-line) at 78.50 (just above Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
TVC:USOILShort
by TradingShot
4
The Unexpected Rise: How Potential USA Sanctions Drive Oil PriceAs I'm sure you are aware, recent developments have led to a rise in oil prices by a staggering $2. The main contributing factors to this increase are the potential imposition of sanctions by the USA and a significant tightening in global supply. This optimistic trend presents a golden opportunity for those looking to make a successful long play in the oil market! Now, this is where your expertise comes into play, dear traders. With all the indicators pointing towards a promising future for oil, I encourage you to consider long positions in your investment strategy. By taking advantage of this upward momentum, you have the chance to capitalize on potentially lucrative gains. So, without further ado, I urge you to kick-start your trading journey, ride the wave of rising prices, and seize this golden opportunity before it passes you by.
TVC:USOIL
by bryandowningqln
Profiting from Oil Price Drops Recent events have led to a significant drop in oil prices, primarily due to the phenomenon known as "demand destruction." I believe this presents an opportune moment for traders like yourself to consider shorting oil and potentially reap substantial gains. Considering the conservative nature of your trading approach, shorting oil could be a prudent strategy to capitalize on this situation. By short selling oil, you can aim to profit from the further decline in oil prices. This approach aligns with a conservative trading philosophy, as it allows you to take advantage of the current market conditions while minimizing potential risks. To maximize your potential gains, I recommend conducting thorough research and analysis before executing any trades. Keep a close eye on global economic indicators, such as GDP growth forecasts, industrial production figures, and travel restrictions. Additionally, monitor geopolitical developments, as they often have a direct impact on oil prices. By staying informed and vigilant, you can make well-informed decisions that align with your trading strategy. I understand that shorting oil may not be suitable for everyone, and each trader has their own risk tolerance and investment goals. However, I believe that the present circumstances present a compelling opportunity for those who are willing to take a calculated risk. In conclusion, the recent oil price drops resulting from demand destruction offer a promising chance to profit from shorting oil. As a conservative trader, this strategy allows you to capitalize on the current market conditions while adhering to your risk management principles. Remember to conduct thorough research, stay informed, and make well-informed decisions aligned with your trading strategy. Should you have any questions or require further assistance, please do not hesitate to comment below. Wishing you success in your trading endeavors
TVC:USOILShort
by bryandowningqln
Trading advisory: Pause trading due to oil price target of 87.16I wanted to provide you with the latest update regarding the oil market and its recent volatility that demands immediate attention. After careful analysis, our experts have projected a significant revision in the oil price target, with the new estimated threshold being $87.16 per barrel. Given the sudden change in the market, I strongly urge you to exercise caution and consider adopting a temporary pause on oil trading activities until further notice. This move will allow for a more prudent approach in dealing with the uncertainties surrounding the current market conditions. Our decision to recommend this temporary halt is rooted in the desire to mitigate potential risks that may arise due to the oil price's downward trajectory. By taking a pause in oil trading, you can protect your investments and reassess your strategy in light of the evolving market dynamics. Remember, it is crucial to prioritize the long-term stability and profitability of your investments over short-term gains. In summary, I strongly advise you to pause your oil trading activities and analyze the market situation closely before making any new decisions. Your diligence and careful consideration at this critical juncture will go a long way in safeguarding your investments and optimizing your future trading success. Thank you for your prompt attention to this matter. We appreciate your understanding and willingness to adapt to the evolving market conditions. Together, we can weather this storm and emerge stronger.
TVC:USOIL
by bryandowningqln