Usoil-Analysis and Trading Strategies
Israel has withdrawn more troops from southern Gaza and pledged new talks with Hamas on a possible ceasefire, easing concerns about the risk of further escalation in the conflict and disruption to Middle East crude supplies.
The current oil 4H and 1H charts show that the possibility of oil falling is very high, and it has been in the 87-87.5 range without breaking through. Today, the support of oil is still around 84.5. Only if it falls below this support point, will there be any A wider range of decline
If it falls below 84.5 today, you can choose to buy in batches in the 83.6-83.3 range, SL: 82.8
If it continues to rise today and breaks through 87.5, you can sell in batches at 87.8-88.2, SL: 88.8
The above trading strategies are for your reference. The market changes rapidly. I will send the specific trading strategies to my VIP customers. I hope everyone will make a profit today.
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Usoilanalysis
USOIL BUYING ON DIPS !!! WAR WAR WAR..HELLO TRADERS !!
As i can see USOIL is going to these design levels because of technical analysis and fundamentally issue around the world war escalating around the middle east and US is involved in so $ is dumping against everything even the higher inflation is giving a hard time to Americans lets see ... its just an trade idea share ur thoughts with us we love ur support and comments
USOIL: SELL @ 86.3-86.8
Yesterday, EIA was good for shorts. The market rebounded quickly after falling. It is now near the resistance level (86.3-86.8). The indicators show that shorts have the advantage, so the transaction can be sold in the resistance range first. The support is 85.6-85.2, which can be used as the TP level.
If it falls below the support, look at the 84.4-83.3 range below.
Pay attention to the rebound after falling below the support, and focus on the vicinity of 85.8.
If there is no breakthrough, you can sell a second time.
Then continue to pay attention to the support range. If the support is valid, close the short position and go long.
If the support falls below, 84.8-84.4 can be used as the TP target.
XTIUSD(US OIL): Swing Buying | Targeting $100 |
XTIUSD, this is our third entry, price currently showing strong bullish behaviour, expecting price to grow steadily. Also, we have news on this coming Friday on NFP, depending on that news if news does come out in our support then we can reach our target one area. Please, keep in mind to take extra care while trading OIL as it has same risk factor as gold.
Good Luck
Usoil-Callback requirements
Oil is as I predicted, with a strong upward momentum. If you buy at the support point, you will also make good profits.
Oil reached a maximum of around 87.2. I previously thought that there would be a need for adjustment when oil reached 87, so I am cautious about buying now.
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Crude oil still has room to rise, daily strategy updateDaily resistance is 85.5-88, support below is 82.6
Four-hour resistance is 85.5-86.5, support below is 84.2-83.5
Crude oil operation advice: Yesterday, crude oil also reached a new high, and the price also began to fall around 85.5. The overall trend above is in line with expectations. From the daily level analysis, the current big support below is around 82.6, and the pressure above is 88.
BUY:83.2~83.5
BUY:83.8~84.2
SELL:88near
Technical analysis only provides trading direction!
USOil WTI Technical Analysis and Trade IdeaUSOil WTI Technical Analysis and Trade Idea
In the video, we analyse a potential trading opportunity for USOil. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
Crude oil continues to be bullish after correctionCrude Oil Technical Analysis
Daily resistance is 82-83, support below is 80.45
Four-hour resistance is 82.5, support below is 80.5
✅Crude oil operation suggestions:
Crude oil prices edged higher as a weaker dollar and renewed geopolitical tensions in the Middle East and Eastern Europe heightened concerns about supply disruptions. Recent Ukrainian attacks on Russian oil infrastructure have caused disruptions at Russian refineries, with at least seven refineries hit this month alone. This increases demand for available crude oil transportation.
Looking at crude oil from the daily chart level, after reaching a new high around 83, oil prices showed a downward adjustment pace. The strength of its pullback is limited. The rise remains unchanged in the medium term.
BUY:near 81.71
BUY: near 80.50
SELL:near 84.00
Technical analysis only provides trading direction!
Usoil-trading range
Recently, oil has been fluctuating in the range of 80-83.1, so we will treat it as a range fluctuation for the time being and wait for the trend to come out.
In range fluctuations, you can wait for the upper edge of the range to sell, or you can wait for the lower edge of the range to buy, and control your position. If the range is exceeded, strictly SL
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Oil correction is a buying opportunity
The news is likely to boost oil prices. Geopolitical factors have affected oil reserve inventories. Oil inventories this week will be significantly lower than expected. leading to increased market demand
In terms of trend, there is a certain degree of over-rising behavior in the market, but the trend is still a bullish trend. If the price falls back to the low price within the day, you can still buy. Focus on the buying position in the range of 3.9-83.5.
This week’s focus will be on the release of API and EAI data.
Related Products: MATBAROFEX:WTI1! BLACKBULL:USOIL.F FX:USOILSPOT NYMEX:WTI1!
"Is the US Oil Market on the Brink of a Transformation?” 🛢️📈Ahoy, fellow trader! 🌟 Let's set sail on the high seas of oil trading, where the winds of fortune blow and the waves of volatility crash. 🛢️
**USOIL** (that's WTI Crude Oil for landlubbers) is currently dancing around the **$83** mark like a tipsy sailor at a tavern. 🕺 The resistance levels are like stubborn portcullises guarding the treasure chest: **$83** and **$83.50**. Will our brave oil buccaneers breach these walls and plunder the riches beyond? 🏴☠️
But wait, there's more! 📜 The support levels are our sturdy lifeboats: **$80.30** and **$80.00**. If the ship starts taking on water, these levels might keep us afloat. 🚢
Why is oil suddenly hotter than a dragon's breath? 🐉 Well, the Federal Reserve might just cut interest rates, making the dollar less attractive than a soggy biscuit. Investors, like magpies drawn to shiny things, are eyeing oil hungrily. 🤑
U.S. oil prices will continue to rise on March 14th.
As the four major inventories continue to decrease. U.S. oil continues to rise. WTI quotation as of closing: 79.153
U.S. API crude oil inventories for the week to March 8 (10,000 barrels)
(-5.221 million barrels)
U.S. EIA Cushing, Oklahoma crude oil inventories for the week to March 8 (-1.536 million barrels)
EIA crude oil inventories in the United States for the week to March 8 (-220,000 barrels)
EIA Cushing, Oklahoma crude oil inventories in the United States for the week to March 8 (596,000 barrels)
BLACKBULL:WTI FPMARKETS:WTI BLACKBULL:WTI NYMEX:WTI1! MATBAROFEX:WTI1!
There are good motivations for the rise in oil prices. At the beginning of the Asian market, oil was stable above 79. Judging from short-term trends, market demand continues to increase due to the spread of geopolitics. It is expected to continue to rise above 80. At the same time, OPEC countries have also decided to reduce production. If there is no physical fall below 79 in the short term, you can directly buy. If the body falls sharply and falls below 79. We can buy near 78.6 in the second position
personal suggestion:
79.-79.3 buy. sl78.TP80.6
The transaction price is based on the real-time price of TradingView. When you are not a member and follow the above operations, remember to control risks.
27/3.USOIL first support observation 79
Looking back at yesterday's trend, the USOIL market remained in the range of 81.7-82.4 throughout the day. This is a narrow range for oil prices. The competition between the long and short parties in the market is fierce. until closing. The bears broke the deadlock.
News side:
The API announced a significant increase last night, with U.S. API crude oil inventories reaching a high of 9.337 million barrels in the week to March 22. This news may seem insensitive when viewed alone, but combined with OPEC+’s statement that it will not fulfill the production reduction agreement. What do these two news indicate? If the market supply exceeds demand, oil prices will naturally fall.
Technical aspect: The price around 82 is still relatively high, and at the same time it is in a strong pressure position from above. The next small intraday support is at 79.4-79. Combined with Pitchfork, oil currently faces a short-term situation that continues to decline. Based on the news released, the market is about to experience a sharp decline on 27/3.
Today’s personal operations are mainly selling:
USOIL: 81.4-81.7 sell
Tp:80-79.6
Sl:82.6
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USOIL: 25/3 Today’s Analysis and StrategyCrude oil technical aspects
Daily resistance is 82-83, support below is 80.2
Four-hour resistance is 81.5, support below is 80.2
Crude oil operation suggestions:
Crude oil prices are facing certain selling pressure. From the daily chart level, oil prices have fallen back and adjusted after reaching a new high of 83. The strength of its pullback is limited. Pay attention to the situation of 81.71 stabilizing and maintaining the bullish arrangement, and the mid-term objective trend remains upward. It is expected that crude oil will enter a shock adjustment around the high of 83, form a secondary rhythm, accumulate upward momentum, and continue to move upward.
BUY: around 79.50
BUY:around 80.20
BUY:near 81.71
SELL:near 84.00
USOIL:Support at 80.2, resistance at 81.3
Let’s first look at the support in the 80.5-80.2 range. If the support is valid, go long. The indicators are now more favorable to shorts, with resistance around 81.3.
If it falls below 80.2, there will be a small rebound, but 80.5-80.8 will become strong resistance, so the risk of shorting is smaller and the profit opportunity is greater.
USOIL WTI Trade IdeaUSOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced, and a bearish reversal could occur at any time. Trade cautiously, prioritize risk management, and remember – this is not financial advice.
USOil WTI Technical Analysis and Trade IdeaI posted a trade idea a few moments ago, this is the video explaining my idea. There are important points in the video that are noteworthy.
USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced, and a bearish reversal could occur at any time. Trade cautiously, prioritize risk management, and remember – this is not financial advice.
USOIL H1 / EXPECTING A SHORT POSITION CONFIRMAITON ✅💡Hello Traders!
This is my idea related to USOIL H1. I expect that the price will go bearish as it retraces from the resistance level of a bullish channel and I expect a retracement until the price of 79.000 as we have the FIB resistance levels.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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Crude oil trading analysis
Crude oil trading analysis
The oil market was mixed and volatile last week. The Red Sea shipping crisis has drawn attention, while an increase in demand forecasts from the International Energy Agency has also caused market volatility. Although WTI crude oil futures fell slightly, the overall trend showed a weekly increase of more than 3.88%.
International Energy Agency forecasts show that global oil demand will continue to increase until 2024. However, the agency also warned that if OPEC+ countries continue to cut production, it may lead to supply shortages. In addition, geopolitical factors and central bank monetary policies will also have an impact on future market trends.
Currently, crude oil prices are now at $81.4 and encounter two resistance levels of $81.7 and $82.5. If these levels are touched on the day, short positions can be made at high prices.
At the top, pay attention to the resistance at $82.0-$82.5, and at the bottom, pay attention to the support at $80.0-79.5.
Today's short-term recommendations are mainly short selling at high prices.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
USOil will it cross 82 level?**Monthly Chart**
Last month's candle closed Bullish suggesting the trend to continue moving higher towards testing MC level of Oct 2023 at around 90 level. This month candle continues the bullish move and now moving near the low of Oct 2023 bearish MC at around 80.79 level. If the price is able to break this level, then next target will be around 90 level.
**Weekly Chart**
Last week candle closed bullish after breaking the high of the Feb 2024 candle. Last week there were good buying opportunities on USOil. The question now will it continue moving higher and cross 82 levels?
**Daily Chart**
I am expecting a continuation of this trend higher. I will be looking to buy the dips with a good confirmation to start the new upward swing. Next target will be around 84 and then 90 levels.