Crude oil support began to move up
Saudi Arabia, the world's largest oil exporter, raised official crude prices for Asian buyers. Oil remains in a wide weekly range due to limited demand, increased supply from non-OPEC countries, and potential recessions in the United States and Europe.
Although crude oil broke through yesterday but then pulled above the trend line, it seems that crude oil support began to move up, and then the price rose above the short-term downtrend line. Crude oil is focused on long trading opportunities today
Personal Trading Strategy:
usoil:buy@70.8-71.3 tp72-72.5
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!
Usoilidea
USOIL:Trading advice for the day
With the landing of the OPCE+ meeting over the weekend, although there is an agreement to maintain production cuts, the market is obviously skeptical about the actual effect of OPCE+ production cuts. In the last trading day, after the oil opened high around 74.3, it also fell all the way to touch around 72.2, and then the shock counter-pumped around 73.8, the second rise failed to effectively break through the key pressure level of 74, but also because of the weak US economic data, the second kill, after the gap to make up, there is a need to continue to test the support below, pay attention to the key support around 70, short-term oil is still a range idea!
usoil:buy@70-70.5 tp:71
As long as you keep up with my signal, you can make more money
Crude oil shock adjustment
Crude oil we saw a bottoming out last week, did not continue after the decline, but formed a V-shaped reversal, began to continue to rise, and is now entering the upward phase. The resistance above is also obvious, the current strong resistance is around 74.7, as long as there is no breakout, you can choose to go long at the low level
Crude Oil Personal Trading Strategy:
usoil:buy@70-70.5 tp71.2-71.6
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 trading advice today
Over the weekend, OPEC decided to cut oil production, which made the market worry about whether the supply side will affect the global economic recovery. At the same time, oil prices also showed a gap and opened higher this morning. At present, they have pierced the previous platform high but the action of rushing up and falling back has also come to an end. Appearance, indicating that after a quick wash here, it is more conducive to the bulls to advance downward, so today we wait for the opportunity of low bulls after the fall.
Although the daily line of crude oil has risen and fallen this morning, the fundamentals of the rise have not changed, so we continue to be bullish.
The intraday pressure is 74~75, and the support is 72.70~72.15.
Trading strategy:
buy@72.70 tp1:74 tp2:75
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!
US OIL 3June2023I assume that if wave 2 is complete, and I draw a fibo extension from wave 1 to wave 2, then the distance of wave 3 if we take it at the level of 1.618 it will be parallel to the previous HH level. I believe the price is likely to continue to rise, and will look for the right area to buy.
Crude oil continues to rise
The U.S. House of Representatives passed a bill to suspend the U.S. debt ceiling, offsetting the impact of rising U.S. crude oil inventories. Markets will also be focused on the OPEC+ meeting on Sunday.
The focus will also be on non-farm payrolls tonight. The crude oil long strategy given yesterday is also perfectly in line with the expected trend to get a lot of profits, today crude oil is still long-based, but pay attention to the buying position
Personal trading strategies:
usoil:buy@70-70.3 tp71.5-72
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
As oil prices continue to fall, expectations of further OPEC production cuts and a major breakthrough in the US debt ceiling bill may limit the decline in oil prices
The OPEC+ meeting will remain in the spotlight later this weekend, as producers are expected to announce further production cuts to support energy prices
Personal Trading Strategy:
usoil:buy@68-68.2 tp68.6-68.9
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:Trading advice for the day
USOIL because of the negotiation of the US debt ceiling, coupled with Russia's commitment to reduce the actual production after the change, caused market concerns, coupled with a new round of OPCE+ meeting is about to be held, the overall pace of reducing positions was worried by the market, oil also fell from above 73 yesterday all the way to around 68, basically there is no turning back, fell below the 72 short-term support and recent lows, the short-term market atmosphere is weak.
A rapid decline may bring a chance of a rebound, but the general direction is still bearish.
Trading advice
USOIL:buy@67.5 tp:68-68.5
If you need a more accurate signal, you can follow me and let you achieve financial freedom.
Crude oil trading strategy
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 basically touched near the previous support band. On the small-level cyclical trend, the technical pattern also began to gradually repair, and there was a certain rebound on the short-term trend.
Trading strategy:
usoil:buy@68.6-69 tp70-70.5
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: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
Follow me and you will learn ways to make money and make it easy.
USOIL WE WILL BREAK BACK ABOVE 74.00?Hi Traders!
We have strong resistance around the 73.95 level here on USOIL as we have not been above the 74.00 price barrier since the beginning of May 2023.
The price action on the chart tells us that the market wants to go there. We have had numerous attempts to break the 74.00 barrier. We also have swings from the range with higher highs and higher lows.
If we do not break and close above the 73.95 pivot, we are likely to head back into the range. However, if we do break and close above 73.95, we need to see how the market reacts to the 74.00 level. Further to the upside, we have another pivot level at 76.88, which is just before the psychological 77.00 level.
This is a great risk to reward setup as you can either trade the range with a small stop just above either the price pivot or just above the 74.00 level, or you can wait for a possible momentum breakout with confirmation of a pivot retest.
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Thank you for your support.
BluetonaFX
Crude oil trading signals today
As I analyzed for you before, although we did not give us a short position of 73 yesterday, the overall direction is still correct, and the market as a whole has not fluctuated very much, and it has remained between 73-70.
At present, international oil prices are rising, and investors are cautiously optimistic that the risk of U.S. debt default will subside, but the expectation of further interest rate increases by the Federal Reserve still restrains the rise in oil prices.
Crude oil trading strategy on Friday
USOIL:sell@73-73.5 tp72-71.5
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. If you need signals, join me as soon as possible!
USOIL:Trading straregy
Yesterday, the market continued to fall as scheduled and adjusted to reach the support level of the chips below. In the short term, we can continue to focus on the pressure of the chip peak (around 73.80). We can also clearly see from the above picture that the CCI has further upward movement In the short term, there is also a lot of pressure at the top, just focus on the pressure of 73.20 and 75.70. The specific suggestions are as follows:
usoil:sell@73.2-73.6 tp1 72.3 tp2 71.8
Accurate trading signals will be updated in real time in the follow-up, friends who need it follow me!
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!
Long crude oil
Crude oil rebounded yesterday, indicating that the adjustment is over, and new long opportunities will be ushered in after the current second drop.
Trading strategy:
buy:@703 tp:71.20~71.7~72.30
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!
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!
Analysis of today's crude oil market trend
After digesting the expectations of the decline in energy demand due to the US recession, the market is now turning to OPCE+ again to continue to reduce production. Crude oil also continued to decline again. After the last trading day, it went out of a small pullback. The current low point has gradually moved up to the 70 mark. Operationally, it is better not to chase orders too much. Just pay attention to the opportunities for high selling and low absorption in some ranges. At the same time, pay attention to the time cycle trend of crude oil, and the white market fluctuated and fell, especially after the European market to the US market, and then the US market began to rebound after the market!
Today's crude oil trading advice
usoil:sell@72.2-72.4 tp:71-70
usoil:buy@69.8 tp:71
The transaction success rate exceeds 80% and the return rate exceeds 300%, keeping up with my trading signals.
USOil | New perspective for the week | Follow-up detailFollowing a profitable week for us, the US Oil prices rose for a fourth consecutive week, riding on global energy agency IEA’s upgraded demand prospects for 2023 to break out of the $82.00 level for the first time in 5 months, but a resurgent of the US dollar on Friday following Fed Governor Waller’s remarks favoring more rate hikes; shook up some of the gains as selling pressure resumed at the $83.40 Level. Higher rates often tend to benefit the dollar, especially against commodities like Oil. Will the breakout of the HKEX:82 barrier become a platform for more bullish momentum in the coming week or will it turn out to be just a false breakout? In this video, we looked out for potential trading opportunities from the perspective of both the buyers and sellers and came up with a simple trading set-up that we can use to guide our trading activities in the coming week(s).
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.
How is oil trading amid expectations of an economic downturn?
The panic brought about by successive bank bankruptcy, the market expects that the European economy will enter a recession, and the demand will drop sharply, leading to a general decline in commodities. Crude oil has fallen below $70 yesterday. If it falls below $60, it is expected to continue to fall to around $43 , which is very large space.
If the bankruptcy incident can be stopped, the panic will no longer spread, the market will restore confidence in the European economy, and once again raise expectations for demand, oil prices will return to above $80 again.
From the perspective of technical form, it is still in a downward channel. If it does not fall below 65, we do not rule out the probability of a short-term double bottom. If we do not retest around 65 again, for the rebound market, we only see the 69-71 range. , there is a very strong resistance around 71-72. If it can break through, the technical form can go up further.
At the same time, it needs the cooperation of the news. If the panic cannot be controlled, we may have to short first and wait for 60 Look at the support situation nearby. If the decline stops, then there will be a greater opportunity to go long.
Traders, if you like my sharing, please follow and support me. I will post more interesting trading information involving gold , crude oil , forex, cryptocurrency, and stocks. If you have any questions, please leave a message in the comment section, and I will answer them for you.
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.