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Oiltrading

Brent uptrend exhaustionContext: Weekly – uptrend (UT), one-time-framing up Daily – uptrend Microstructure: Poor highs, poor lows Last day: value moved down Special notes: There are multiple signs of UT exhaustions: shortening of daily trend upthrust, daily volume dries up, last week value area overlaps with previous week Moreover, price is close to monthly resistance cloud. Without some stong bullish news it will be hard to get through it. Conclusion: A swing trader that is still LONG should strongly consider reducing position. At this point it is still too early to flip but risks of staying LONG outweigh potential upside. For a day trader there is still an opportunity to play LONG as daily low high (LH) is still not set. The best risk-reward opportunity for LONG can be found near last week low
CAPITALCOM:OIL_BRENT
by hermes_trisme
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
Fueling Opportunities: Oil Falls 1% amidst Strong USDToday, we dive into the recent developments that have caused oil prices to dip by 1%. Brace yourselves as we uncover the potential opportunities in this volatile landscape. With a strong US dollar and weak China economic data playing their part, now is the time to take action and seize the moment! The Mighty Dollar: China's Economic Woes: Call-to-Action: Seize the Moment, Buy into Oil! Now, more than ever, it's crucial to capitalize on the current market conditions. Here's your call to action: buy into oil! With prices experiencing a temporary dip, it's the perfect time to invest in this valuable commodity. Here are a few reasons why: Long-Term Growth Potential Diversification and Hedging Technological Advancements Conclusion: Traders, the time is ripe to take action and buy into oil! Embrace the excitement and potential of navigating the twists and turns of the market. Remember, fortune favors the bold, and by seizing the moment, you position yourself for success. So, gear up, stay informed, and move in this thrilling world of oil trading! Disclaimer: Trading involves risks, and it's essential to conduct thorough research and seek professional advice before making any investment decisions.
FX:USOIL
by bryandowningqln
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
Are Oil Bulls Too Confident? Proceed with CautionIntroduction: The oil market has recently witnessed a remarkable recovery, leading many traders to adopt a bullish stance. However, exercising caution and carefully evaluating the current situation is crucial before making any hasty investment decisions. While Russia and Saudi Arabia have committed to significant production cuts, various factors could potentially impact the oil market's stability. This article aims to shed light on the potential risks and rewards of keeping oil in your portfolio, urging traders to approach this situation cautiously. 1. The OPEC+ Production Cuts 2. Geopolitical Uncertainties 3. Global Economic Recovery 4. Transition to Renewable Energy Call-to-Action: Considering the potential risks and rewards, traders must approach the oil market cautiously. While Russia and Saudi Arabia's commitment to production cuts provide some stability, the market remains vulnerable to various factors. Therefore, it is recommended to maintain a diversified portfolio that includes oil investments but also incorporates other sectors that may benefit from the global economic recovery and renewable energy transition. By staying well-informed, monitoring geopolitical developments, and assessing the pace of economic recovery, traders can make informed decisions about their oil investments. Remember, a cautious approach will help mitigate potential risks and maximize opportunities in this ever-changing market. In conclusion, traders must exercise caution when considering oil investments. While production cuts and other positive factors provide stability, the market remains susceptible to geopolitical uncertainties, global economic recovery, and the long-term shift toward renewable energy. By maintaining a balanced and diversified portfolio, traders can navigate these challenges and position themselves strategically for potential gains. Keep oil in your portfolio, but do so cautiously, keeping a watchful eye on market dynamics, emerging trends, and geopolitical developments.
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
Oil Holds Gains as Attacks Threaten Russia's Black Sea Exports!The world of oil trading is buzzing with opportunities, and I couldn't wait to share this with you. Brace yourselves because it's time to dive into the captivating world of long-term oil trading! As many of you may have heard, recent attacks have significantly threatened Russia's Black Sea exports. While this news may sound alarming to some, we traders know every obstacle presents an opportunity. And this opportunity is nothing short of extraordinary! Oil prices have been soaring, and the market is holding onto these gains, fueled by the uncertainty surrounding Russia's exports. Now, you might be wondering why this is such a big deal. Well, my friends, this is where long-term oil trading comes into play. Long-term oil trading allows you to capitalize on the current situation and secure your position for the future. By taking advantage of the volatility in the market, you can make strategic investments that will pay off in the long run. It's time to think big and act boldly! Imagine the thrill of making calculated moves, utilizing your expertise and market insights to predict future trends. With every trade, you can make substantial gains while riding the wave of uncertainty caused by geopolitical events. This is the moment to show your prowess and seize the opportunity! So, what are you waiting for? It's time to take action and embark on an exhilarating journey into long-term oil trading. Don't let this opportunity slip through your fingers. Join us in this thrilling adventure, and let's make the most of the current market conditions together! Get started today by analyzing the market trends, studying the geopolitical landscape, and identifying potential opportunities. Remember, knowledge is power, and the more you educate yourself, the better equipped you'll be to make informed decisions. The time is now, my fellow traders! Let's harness the power of uncertainty and turn it into our advantage. Together, we can ride the wave of volatility and achieve remarkable success in long-term oil trading.
TVC:USOILLong
by bryandowningqln
Saudis Extend 1 Million-Barrel Oil Cut, Say It Can Be ExtendedThe Kingdom of Saudi Arabia has just announced an extension of its remarkable one million-barrel oil cut, and they even hint at the possibility of deepening this cut further! This extraordinary development has sent shockwaves through the global oil market, giving us a golden opportunity to seize the moment and significantly impact our trading portfolios. The Saudis' commitment to stabilizing oil prices is a testament to their unwavering dedication to the industry, and we are fortunate to be part of this exciting journey. Now, it's time for us to take action and capitalize on this momentous occasion. The market has potential, and we must act swiftly to maximize our gains. I urge you to consider adding more oil market orders to your trading strategies. By doing so, we can ride the wave of this positive announcement and propel our success to new heights! Let's not forget the countless opportunities that lie ahead. As the Saudis emphasize the possibility of deepening the oil cut, we have a unique chance to leverage this news and make strategic moves that will yield substantial returns. During these times of market volatility, accurate traders shine, and I have complete confidence in your abilities to seize this opportunity with gusto. Remember, success favors the bold. Now is the time to demonstrate our prowess and make our mark in oil trading. Let's show the world what we can achieve when we harness the power of determination, knowledge, and impeccable timing. If you have any questions or require assistance placing your oil market orders, please comment away below. Let's embark on this exhilarating journey together and make our mark in the oil trading world! The stage is set, the opportunity is knocking, and we must answer the call.
FX:USOILLong
by bryandowningqln
4
WTI CRUDE OIL: Overbought on 1D but still bullish.WTI Crude Oil turned overbought on the 1D time-frame (RSI = 70.618, MACD = 2.330, ADX = 75.260) as it is extending its relentless rally inside a Channel Up pattern since the June 28th low. This 1 month uptrend is approaching the R1 (83.50), which is the High of April 12th and current Resistance. We are using this as a short-term buy opportunity (TP1 = 83.50). As long as the Channel Up holds, we will buy again upon a pull back (TP2 = 85.50). If the price crosses under the 4H MA100 though, it would mean the end of the bullish trend, and we will shor, targeting S1 (TP = 74.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILLong
by InvestingScope
9
Oil Price Cools Off as Fed Rate Increase LoomsAs a trader, it is crucial to approach these developments cautiously and consider their potential implications on oil prices. Firstly, it is worth noting that the oil market has experienced a cooling effect in response to the Federal Reserve's decision to raise interest rates. Historically, such rate hikes have led to a strengthening of the US dollar, which in turn tends to weigh on oil prices. This correlation suggests we may witness a temporary dip in oil prices in the coming weeks. However, we must also be mindful of China's ongoing efforts to stimulate its economy. The Chinese government has recently implemented various measures, such as tax cuts and infrastructure spending, to counteract the economic slowdown. While these actions are expected to boost domestic demand and potentially increase oil consumption, there are concerns regarding the sustainability and effectiveness of these stimulus efforts. Considering the potential volatility in the market, I encourage you to exercise caution when purchasing oil at this time. It is advisable to pause and carefully evaluate the market conditions before making significant trading decisions. By doing so, we can mitigate potential risks and position ourselves for better opportunities in the future. In conclusion, the recent Fed rate increase has cooled oil prices, but China's attempts to stimulate its economy introduce uncertainties. I urge you to approach the market with caution and take a pause in your oil-buying activities. Evaluating the market conditions thoroughly will help us make informed decisions and navigate these challenging times more effectively.
FX:USOILSPOTShort
by bryandowningqln
WTI CRUDE OIL: First time on the 1W MA50 since August 2022!WTI Crude Oil reached the 1W MA50 on today's session for the first time since the weekly candle of August 29th 2022, so the level has been kept intact as a Resistance for 11 months straight. The 1W time-frame is neutral (RSI = 54.478, MACD = -1.030, ADX = 19.324) indicating that on such a strong long term Resistance, this is a low risk sell entry. We will trade this however after a bearish breakout and the trigger will be give if the price crosses under the HL trendline, in which case we will target slightly over the 1D MA100 and S1 (TP = 74.00). Beyond that, if a subsequent rebound gets rejected on the 1D MA200, we will sell again and target slightly over S2 (TP = 67.10). Watch if the 1D RSI gets rejected on the 68.75 Resistance. It will be a Double Top rejection. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
TVC:USOILShort
by InvestingScope
6
OIl Short In this short analysis, we will examine the recent price movement of oil within the range of $78.5 to $79 with a focus on the potential for a price reversal. We will explore key technical indicators, market sentiment, and other factors that suggest a possible shift in the oil's direction. Price Movement Overview: The oil market has seen a recent uptrend as the price climbed from $78.5 to $79. However, the current price range indicates a potential turning point, suggesting the possibility of a price reversal. Technical Indicators: Resistance Level: The $79 price level has acted as a significant resistance point in the recent past. Repeated failures to break above this level could signal a lack of bullish momentum and an increased probability of a reversal. Overbought Conditions: If the price surge from $78.5 to $79 has been rapid and significant, technical indicators like the Relative Strength Index (RSI) or Stochastic Oscillator might signal overbought conditions. An overbought market often precedes a reversal as traders take profits, leading to a downward price correction. Market Sentiment: Market sentiment plays a crucial role in price reversals. As traders and investors become wary of the extended rally and potential resistance at $79, profit-taking and cautious approaches might be observed, adding selling pressure to the market. Fundamental Factors: Demand-Supply Balance: An analysis of the supply-demand dynamics could reveal potential imbalances in the oil market. If the demand outlook weakens or if there are signs of oversupply, it could influence traders' expectations for a price reversal. Global Economic Indicators: The health of the global economy can impact oil prices. Any negative economic data or uncertainties could lead investors to reevaluate their positions, potentially triggering a reversal. Caution for Traders and Investors: For traders seeking a potential reversal, closely monitoring key technical levels and trendlines will be essential. Confirmation of a reversal signal through technical indicators and candlestick patterns can provide a stronger basis for making trading decisions. Conclusion: The oil price movement from $78.5 to $79 indicates the potential for a reversal as the market approaches a critical resistance level and may experience profit-taking and cautious sentiment. However, traders should be cautious and use additional technical and fundamental analyses to confirm a reversal before making trading decisions.
TVC:USOILShort
by realtrademaster