Looking at the daily line, the Bollinger Bands opened, and the price has always maintained a sideways movement near the upper rail. The direction is dominated by bulls. Before there is a short-selling signal, we will not consider short-selling orders to enter the market for the time being. Yesterday’s callback is also holding 75 first-line important support,...
Based on the H4 chart analysis, we can see that price is falling to our buy entry at 69.44 which is an overlap support. Our take profit will be at 71.30 which is an resistance level. Stop loss will be at 67.56 which is just slightly below 78.6% Fibo retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’,...
As you may be aware, recent market conditions have created a tight physical market for oil, presenting a promising landscape for traders like us. The sentiment surrounding oil has been significantly impacted by various factors, including the slow growth of the Chinese economy and the aggressive rate increases implemented by the Federal Reserve. These...
The price of oil has taken a significant hit due to China's decrease in demand. As we all know, China is an essential player in the oil market, and any rate changes can significantly impact the industry. This news is disheartening. We have seen oil prices drop dramatically recently, leaving many investors uncertain about this market's future. However, I want to...
As you are likely aware, the oil market has been experiencing a significant drop in prices in recent weeks, and this warning serves as a reminder of the potential risks involved in short selling during times of volatility. Furthermore, we are also waiting for China's announcement of interest rate cuts, which could further impact the oil market. It is essential to...
There is some exciting news about the oil market that I believe will pique your interest. As you may already know, China's refinery output grew by a whopping 15% in May, which has contributed to a surge in demand for oil. Additionally, OPEC+ decided to cut supply in May, and Saudi Arabia has announced that it will cut supply for July due to a supply deficit in...
It's worth noting that oil prices early on Wednesday extended the substantial gains from Tuesday, which were driven by brighter inflation figures from the United States and evidence that China taking steps to boost its economic growth. I hope this information is helpful. Please let me know if you have any questions in your comments.
I wanted to bring to your attention some recent developments in the oil and financial markets. Specifically, there are concerns about the impact of upcoming signals on the U.S. economy and monetary policy. This week, we expect U.S. consumer inflation data to be released on Tuesday, which will likely factor into the Federal Reserve's decision on interest rates on...
Crude oil is currently basically falling below the previous high volatility range on the daily line, and the daily trend continues to be weaker, and there is a certain uncertainty in the EIA data market in the evening. At present, the space for continuing to decline after a continuous low sideways trend is not particularly large, and the current price has...
Looking at oil and gold as they enter major zones. the idea is to be patient and be ready for a trade set up going into tomorrow
As we mentioned in our previous chart about USOil that it's heading towards its resistance and boom Straight drop from there hitting all our Targets 🎯🎯🎯
Oil experienced a sharp decline again today, and the EIA data was also unfavorable to oil. Currently, the oil price is close to the support level of 65-63. If this area is breached, the oil price will face the risk of falling to around $50. As far as the current market situation is concerned, I think this probability is not high. Although we cannot completely...
- double top - death cross between MA50 and MA100 - MACD bearish divergence
Recently, the technical trend of crude oil has mainly been volatile, with support around 76.5-75.7 and short-term resistance around 78.1-78.8. Trading is dominated by short positions, with long positions being secondary. Specifically, short positions can be entered around 78.15, with a target around 77.5-77, while long positions can be entered around...
Crude oil was suppressed by fundamentals and high pressure. Yesterday, the daily line fell all the way, and finally the daily line closed the negative line. Crude oil currently continues to maintain a wide range of oscillations on the daily line. The 4-hour level trend is also after a continuous decline. The current deviation rate is slightly too large, and the...
The biggest mistake in life is constantly worrying about making mistakes. The greatest sadness in life is not losing too much, but caring too much. This is also a major reason why a person is unhappy. Last Friday, according to a report from The Wall Street Journal, there were internal discussions within one of the OPEC member countries, the United Arab Emirates,...
Oil/USD - Long-term oil price forecast Oil/USD - Long-term oil price forecast