Usoilforecast
USOIL:Trading advice for the day
In the short term, because a new round of OPCE+ meetings is about to be held, the market is also speculating on whether to continue to reduce production in the future, the current actual state is that global gasoline consumption is strong, U.S. crude oil inventories have declined, and the number of drilling has also declined, so short-term long and short have not much continuation.
At present, it is an extreme of overbearish, and it can be bullish in the short term
Trading advice for the day
usoil:buy@70-70.4 tp70.8-71.2
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USOil | New perspective for the week | Follow-up detailOil prices reversed on Thursday and Friday to transition into a choppy situation to the disappointment of buyers as talks to raise the U.S. debt ceiling hit an impasse. Market participants were reluctant to have open buy positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend which could result in a huge gap at the beginning of the incoming week. In this video, we acknowledged the consolidation phase (between 70 and 74 zones) - a range that will be a determinant of price action in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Crude oil will break through the straight line and accelerate up
Crude oil fell back today and bulls rose again, and the point of decline was also very close to the expected point, but there will be normal shocks in the rise, and if there is a fall, there will be new long opportunities.
Crude oil closed positive on a daily basis and broke through the range high, indicating that the recent sideways correction has ended, and the market is once again not as good as the bulls.
Trading strategy
buy@73.90 tp1:74.70 tp2:75.9
Next, there will be many trading opportunities for crude oil. I will provide you with more signals. Don't miss the opportunity to make money!
Crude oil shorting
After the price rebounded slightly, the five-minute pattern peaked again, conforming to the one-hour bearish cycle, the rebound can be regarded as a correction to the downward rebound that began on Friday, so I will continue to wait for this opportunity tonight
Trading strategy:
sell@71.8 tp1:71 tp2:70.8
Next, there will be many trading opportunities for crude oil. I will provide you with more signals. Don't miss the opportunity to make money!
Usoil:Today's trading advice
The weekly crude oil closing line is below the middle rail. At present, the moving average MA5 and the middle rail are both flattened, and the indicator macd is also flattened from time to time, which means that gold is currently in a low volatility.
The three-track contraction of the daily Bollinger band represents the compression of the range, which also shows the price fluctuation.Currently focusing on support near 70-70.5.The short-term daily line is suppressed on the 72.3 and 72.8 lines of the middle rail.
usoil:buy@70.8-71.3 tp:72-72.5
usoil:sell@72.7-73.2 tp:72.2-71.9
Today's crude oil trading advice
On the one hand, optimistic economic data eased the demand concerns caused by the recession, and on the other hand, inventory pressure continued, leading to the current crude oil entering a contradictory stage. Yesterday's crude oil volatility can be said to be the smallest in the near future, and the market is also paying attention to the new round of guidance.
usoil:sell@73-73.3 tp:72.2-71.6
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USOILSPOT | New perspective for the week | Follow-up detailBy the end of the previous week, the Oil prices appear to have stabilized in a trading range between 74.00 and 67.00 per barrel. Sluggish data coming in from the Chinese economic docket (the world's number one importer of crude oil) is not helping matters at all; with a 1.4% decline in imports and an 8.5% drop in export growth. The economy seems to be struggling and there are insinuations that demand for oil might also slip in the world’s largest importer of the commodity thereby prompting traders to slow down. In this video, we used the current technical setup identified on the 4H timeframe to identify potential trading opportunities ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Crude oil recommendation
Crude oil was oscillating in a narrow range the day before yesterday to prepare for the next long start. If the pullback is in place, then it is an opportunity.
Crude oil is bullish for the following reasons:
The daily crude oil line closed out of the Zhongyang Line, and is currently waiting to test the last rebound high of 73.88.
The second rebound of Wave B and c is already on the way to the upside. At present, the adjustment of the secondary level has ended, and the new upward band has been activated.
The intraday pressure is 73.20~73.80, and the support is 72.05~71.60.
USOIL:buy@72.05 tp:73.20
Short-term bearish crude oil
Crude oil first fell to 70 yesterday, and then rose sharply. It fell and rebounded twice in 4 hours. It is fully in line with the short-term shorting analysis we gave yesterday. Combined with the daily trend, crude oil may rebound, which is very suitable for our short-term shorting. I suggest shorting near 73-73.5, pay attention to the timing of trading departure.
Crude oil trading strategy today:
USOIL:sell@73-73.5 tp72-71.7
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Analysis of today's crude oil trading
After the opening of today's market, the trend of the market is basically the same as yesterday's market. After the opening of the market, it began to rise after a small decline.
In terms of crude oil operation ideas, it is recommended to be short-selling. The upper short-term focus is on the first-line resistance of 71.7-72.2, and the lower short-term focus is on the first-line support of 69.4-68.9.
Continue to wait for suitable trading opportunities for crude oil.
Trading strategy:
USOIL:sell@71.7-72.2 tp69.7-69.4
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Crude oil rose today
Yesterday, there was a bullish signal at the 4-hour level of crude oil, and a small band of profit came out near 70.10.
Through the analysis of the 4-hour chart, I learned that the current crude oil is fluctuating at 71-72, and I will look for opportunities in key positions.
Specific strategies
USOIL:buy@70.7 tp:71.7
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
USOil | New perspective for the week | Follow-up detailDriven by worries about demand linked to recession risks and the strain in the US banking sector, the oil prices experienced a dramatic decline in the previous week (6.5% drop). However, Oil prices received a boost after Friday’s robust US jobs report which eased concerns over the prospect of a downturn in the economy as strong jobs growth is often a plus for oil, whose consumption depends on peoples’ mobility and economic vibrancy. The US economic docket will be closely watched in the coming week as the US Department of Labor Statistics is set to release April inflation data on Wednesday with economists expecting the core consumer price index, which excludes volatile food and fuel prices, to increase by 5.5% on a year-over-year basis, after a 5.6% increase a month earlier. A weaker-than-expected reading could increase the expectations for a rate cut which in turn may cause a price correction upward in the coming weeks for the oil commodity but a beyond-expectation data would support the case for interest rate hikes in the future. In this video, we dissected the market structure from a technical standpoint to sniff out trading opportunities ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOIL Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
US OIL can go upBased on Daily Timeframe, last thursday US Oil test its lower level & from this level, we see a bullish pin bar candle.
Now we see US Oil is at it's major resistance level & also last day candle close in green with a good length from downside.
so we can expect that if US Oil show strength from these level than it can go 82$ level.
so keep a eye on it.
USOil | New perspective for the week | Follow-up detailThe much-expected bullish pressure following the OPEC+ decision to cut oil production appears to be losing steam as bears are defying OPEC+ again. The majority of market participants are of the opinion that the selling pressure witnessed in the previous week is a result of persistent US rate hikes and recession fears but if we take a look at this bearish move from a technical standpoint, it could be a retracement phase which most of the time is a consequence of profit-taking activities. This video illustrated the technical side of the current market structure and highlighted a key level at the 78.00 level which will be serving as our yardstick for trading activities in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOIL set for a ride!Instrument : WTI
Possible direction : Bullish
Technical Analysis : Early this month WTI opened with a gap and was in consolidation and finally price has filled that gap and bounced from the long term support zone. As there is strong illiquidity grab and filling out of gab, WTI may start its uptrend and may continue to rise. Upon retest of the previous resistance as support a buy trade is high probable.
Possible trade recommendation : Bullish as per sketch.
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Has crude oil stopped its decline?Can we buy crude oil?Because of market concerns about the recession, the demand for crude oil has been hit to a large extent. Then the acceptable price of crude oil in the cycle of slow economic development is in the 70-65 area. People familiar with the crude oil market must know that crude oil basically fluctuated in the 70-82 area in the early stage. Judging from this, crude oil still has room to continue to fall.
Judging from the current crude oil trend structure, crude oil has fallen sharply and broken below the flag-shaped consolidation structure, and the bearish trend is obvious. Although the current downward trend has paused, there is no signal to stop the decline completely, and the rebound here is extremely weak, so the pause here may be to build a downward relay structure.
In addition, in the ultra-short-term structure, crude oil has repeatedly tested the support near 74 without breaking below, so in the case of a short-term plunge in crude oil, there is a need for technical upward repair.And there is 50% support for Fibonacci below the short-term, so crude oil may also use this to launch a small-level rebound.Therefore, pay special attention to the defensive situation near 74 in the short term.
In trading today, the trading signals I announced on the channel to go long gold around 1980 and 1976 all reached the take-profit target of 1986. The trading signals in the last two weeks have achieved a comprehensive victory, and the result of 0 losses is enough for us to reap satisfactory profits.In trading, whether it is gold or crude oil, I have the ability to satisfy your desire to make money. I have announced detailed trading signals about crude oil in the channel. Please pay attention to the trading signals in the channel.
USOIL 10 Dec 22The timeline of China’s economic rebound frames the demand outlook in the crude markets, which remain rattled by concerns over broader global appetite for transport fuels amid mounting inflation rates and recessionary signals.
On the supply side, energy markets await further clarity on the Russian production impact of an EU ban that came in force on Dec. 5. Alongside it’s implementation was a program by the G-7 largest global economies that seeks to facilitate shipping and transport services for non-G7 Russian purchases transacted under a price cap.
The Brent crude contract for February delivery was trading at $76.13 per barrel at 11:55 a.m. London time Friday morning, down by 2 cents from the Dec. 8 settlement. The front-month Nymex WTI contract was at $71.79 a barrel, adding 33 cents from Thursday’s close price.
source: CNBC
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅