USOIL up Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.
In the early hours of Tuesday morning it was confirmed that the 5-year loan prime rate dropped by more than expected, in yet another show of support for not only the Chinese economy but for the real estate sector in particular.
Confirm signal buy USOIL
Usoilbuy
Usoil confirm signal buyCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oil.
Sulphur content determines the quality of a crude oil. This corrosive material decreases the purity of a crude oil. Therefore, a crude oil with high sulphur content (sour crude) should sell cheaper than one with low sulphur content (sweet crude). There are two main benchmarks for pricing Crude Oil: WTI (West Texas Intermediate) from USA and Brent from UK.
Crude Oil tests multi-week high before receding on supply buildup, WTI back below $77.00
By Joshua Gibson | 18:34 GMT
USD/CAD Price Analysis: Corrects gradually below 1.3550
By Sagar Dua | 13:06 GMT
WTI seems to extend its gains after recovering intraday losses, hovers around $77.50
By Akhtar Faruqui | 05:20 GMT
Usoil-Fluctuate upward
Oil has been fluctuating recently, but it has been supported at 70-71 many times, which is in line with the upward trend. Therefore, if it falls back, you can choose to cooperate with the support point for short-term buying.
Usoil:buy74-74.5
TP:75-75.5-76
SL:73.65
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USOIL H1 / POSSIBLE BEARISH MARKET STRUCTURE 🛢💲Hello Traders!
This is my idea related to USOIL H1. I see that WTI set a new WH and I expect a bearish move to close the FVG H1.
If confirmed, it's a good opportunity to execute a Short Trade.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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Usoil-range trading
Under the influence of the current conflict in the Red Sea, oil has made a short-term correction under the pressure of a strong US dollar. Technically, the long and short positions have alternated, and it still shows the wide range consolidation trend that has been emphasized recently. The last trading day fluctuated from around 72 and hit a maximum of 73.5. The pressure nearby fell back below 72 as expected, and is now testing the support below again.
Usoil:buy70.2-70.6
TP:71.3-71.7-72
SL:69.7
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Usoil-Has broken through
Oil has risen amid fears of potential supply disruptions amid recent criticism of Yemen's Houthi rebels over a UN resolution on Red Sea navigation
Usoil:buy73.6-74.05
TP:74.5-75
Now that it has broken through the recent range, follow the trend in the short term.
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USOIL: Today’s crude oil analysis summaryToday crude oil sold according to the recommendation I gave in the morning, and then fell 200pips,
But it should be noted that it did not fall below the previous low.
Therefore, the market outlook does not rule out another breakthrough after sideways consolidation, hitting the 76 high point I talked about on Monday and Tuesday.
But no matter what, on the 4H chart and 1D chart, it can be seen that it is in the rebound trend of the downward trend, so the upper space is limited, and it is expected to be around 76, but once it returns to the downward trend, the lower space is very large.
I will continue to analyze the specific market trends with you on Friday, please pay attention↓
USOIL: It broke through 75 today and is expected to return to 80Crude oil (USOIL): Crude oil also showed the same picture as my analysis yesterday, falling first and then rising.
Today's opening is at 74, with an amplitude of $3 in the morning. It's not promising, and the amplitude is smaller than gold! The daily chart has risen for five consecutive days. Visually, the downward trend has ended, and a new round of bullish trend is coming. Today it will continue to attack above 75. If it is suppressed, there will be a small downward correction in the past two days. If it directly breaks through 75 , crude oil will continue to move towards the 80 mark! ! Today we will focus on the two positions 73.5/73 below! !
USOIL: Today's analysis
Oil prices rebounded sharply on Friday, largely erasing a nearly 4% loss from the previous session as investors wavered over whether Opec would deepen its decision to cut production. Today's strong breakthrough of the first pressure level, the follow-up focus on the breakthrough of the second pressure level!
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
USOIL: Summary of the week
The original income this week was more than 10k, after experiencing CPI data, crude oil fell sharply to 72.2, down nearly 500 points, and rose all the way to near 76 on Friday, basically recovering the decline, next week focus on the break near 76!
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
USOIL: Technical analysis and operational strategy
Us EIA crude oil inventories for the week to November 10 were released yesterday afternoon, showing a rise of 3.6 million barrels to 421.9 million barrels, expectations for a rise of 1.793 million barrels, the previous value of 13.869 million barrels, negative for oil prices. With global demand for crude oil slowing and supply increasing, some analysts believe that Saudi Arabia may extend the voluntary additional production cut of 1 million barrels per day into January or even longer, and the OPEC+ meeting next weekend (November 26) needs to be closely watched. Crude oil yesterday bardo line back. The early week of the rising space back up nearly half, and closed at the low level, the daily line to weaken again, the previous rebound was only a flash in the pan. 4-hour chart a wave of negative line reversion. Continued the previous trading day's high fall, fell below the middle rail to weaken, but also broke the small step shock to rise low, 4-hour chart empty, the rebound at the beginning of the week as a correction to confirm the resistance, but also just confirmed the previous low 79.80 area resistance, with the Asian market close down, Europe and the United States will further see the weak down.
WTI Crude Oil Handling Recommendations:
Strategy 1: Rebound 77.5-77.2 near the short entry, stop loss 0.6 points, the target 75.6-75.2 line;
Strategy two: Callback 75.2-75.6 near multiple single entry, stop loss 0.6 points, the target 77.0-77.5 line.
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USOIL: Crude oil analysis and operation
Oil prices rose and fell, and the U.S. CPI data released in the evening showed that the annual rate of CPI reached 3.2%, the lowest since July this year, boosting market risk appetite. After the data was released, the dollar fell sharply, risk assets rebounded, and oil prices quickly pulled up from the intra-day low, but the final oil price did not hold the intra-day rise, and the intra-day rise was completely reversed after midnight from the high level! Yesterday reached the upper 79.70 line high fall, the daily line includes a small Yin line entity, after the oil price even three Yang is Yin, further indicating that the rise has come to an end, the market has entered a new trend. The pullback in oil prices late yesterday changed the previous bullish pattern, so today's trend may be volatile or down, and the probability of continuing to break is low, of course, focusing on EIA data guidance.
WTI Crude Oil Handling Recommendations:
Strategy 1: Rebound 79.5-79.2 near the short entry, stop loss 0.6 points, the target 77.6-77.8 line;
Strategy two: Callback 77.6-77.8 near multiple single entry, stop loss 0.6 points, the target 79.0-79.5 line.
Good trading opportunities within the day Additional tips!
USOIL: Crude oil opens upward channel
After today's CPI data was released, crude oil rose rapidly, reaching a maximum of 79.77, and then continued to reverse the increase, the current position is 78.3, below the support position of the rising channel, we can be long crude oil in this position!
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Usoil:Have reached the bottom?
As can be seen from the chart, oil has stopped falling, but it is not ruled out that it may go lower again. Today, it did not break through Friday's high of 77.7.
Today, it is necessary to observe whether the oil will fall twice. If the decline does not fall below the support range of 75-76, it can be judged that the oil may have reached the short-term bottom.
If oil breaks through 78, it can be judged that the chance of reaching the bottom is very high, and there is still room for growth this week.
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USOIL: Watch next week to break out of the big range?
This week, crude oil has been running between 80 and 83.2, which is in line with my previous forecast, and I have made very good profits in this range by going short on highs and long on lows. Follow-up focus on whether the yuan oil breaks through the sub-range!
If you are confused about trading, please join me, I believe you will have a great harvest!
USOIL: Oscillating operation
Today, crude oil is still oscillating between 80 and 83, and continue to pay attention to whether it breaks through this range!
Today, we are once again in the range of high short, low and long, harvested a good profit!
If you are confused about trading, please join me, I believe you will have a great harvest!
USOIL: The overall direction is a volatile trend
After yesterday's pullback, crude oil continued to rise today to near the pressure level of 83.2, peaking at 83.4, we are trading in this range, and the profit is very good!
At present, the price of crude oil is around 82.2, if you can continue to do more after encountering support, in the short term, crude oil is a volatile trend, must grasp the direction of the range before trading!
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USOIL TRADE IDEA Long (31/10/2023)On the weekly timeframe, USOIL has already reversed into a buy, breaking significant structures. I believe it'll keep seeking out buys.
The daily time frame confirms that too - with current weakness showing in order to gather liquidity to complete the long move.
In terms of where it'll react from - that depends on the structure it breaks. If it breaks (Likely and best situation) POI 1, then expect it to return to POI 2 and to react off of there.
I expect price to return to POI 2 because using the Fib tool, you shouldn't be looking for trades at 50%, rather around 60-75% or the inverse 0-25/35%.
Target profit 1: 93.75
Target profit 2: 101
NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
USOIL: This week's summary and next week's trading ideas
The deteriorating outlook in Europe has left oil traders wondering whether global oil demand will remain resilient next year. On the other hand, the US third quarter GDP data exceeded expectations and continued to deliver strong economic growth. A higher dollar and an uncertain economic outlook seem to be haunting oil. Oil prices rose on Friday on fears that tensions between Israel and Gaza could spill over into a wider conflict that could disrupt global crude supplies.
U.S. West Texas Intermediate (WTI) crude rose $2.33 a barrel, or 2.8 percent, to settle at $85.54 a barrel. "From a macro perspective, global supply is tight relative to demand, which is the result of general underinvestment across the industry after the pandemic, so spare capacity today is limited and prices will move with demand because there is not a lot of short-term capacity that can come to market," Darren, CEO of ExxonMobil Oil, said in an interview. So as long as the market stays tight, you're going to see more volatility and higher prices.
On the whole, crude oil next Monday's opening operation is suggested to retreat to do more on the dips!
If you are confused about trading, please join me, I believe you will have a great harvest!
USOIL: Crude oil opened lower
Today, crude oil opened lower, after a high of 88.1, crude oil fell in shock. Overall, crude oil is still down in the short term, the operation is recommended to withdraw to near the 85.6 support level, and the above is concerned about the resistance near 88.3-90.
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US Oil SPOT | Perspective for the new week | Follow-upThe week concluded with crude prices surging by a staggering 7%, leaving investors on edge as the Middle East crisis intensified. Israel's announcement of a ground assault on Gaza propelled the region into a new phase of heightened tensions, further fueling market uncertainty. As we look ahead to the coming week, two pivotal factors will shape the direction of oil markets. Firstly, the extent to which the conflict in the Middle East escalates and its potential impact on oil supplies in the world's leading oil-producing region. Secondly, all eyes will be on the eagerly awaited weekly update on US crude stockpiles, set to be released on Wednesday.
Notably, last week witnessed a significant surge in crude stocks, with exports experiencing a sharp decline of nearly 2 million barrels, bringing the daily average to 3.067 million barrels compared to the previous week's 4.956 million barrels. These developments set the stage for a captivating week ahead, filled with anticipation and potential market shifts. Let's explore what lies in store for us in the upcoming week.
US Oil Technical Analysis:
In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead.
Join us as we delve into a comprehensive technical analysis of the US oil market, exploring trends, key levels, and chart patterns that hold the key to unlocking profitable opportunities. Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis.
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