USOIL: Will usher in a new wave of decline
Crude oil rebounded slightly and fell again. The idea is to place an empty order at the resistance position of 83-83.2. Friends who read the article may not necessarily wait for the point, but members and friends have kept up. When there is a short signal, decisively enter the market with an empty order. The current price is around 81.3 You can go up a little bit first. This is the difference between the idea of the article and the specific entry. The support resistance is that area. The specific entry depends on the real-time changes in the market. When there is a signal, you can enter the market at 81.0-81.3.
Strategy 81.0-81.3 enter long 82.0-82.2 take profit or enter decline
Usoilidea
USOIL:Trading strategy
Today, I expressed my point of view. The trend of oil is the same as I expected. The following is my point of view in the morning.
Oil closed up for the seventh consecutive week last week, continuing its longest streak of gains in more than a year.Because the IEA expects that the increase in global oil demand and the decline in supply will drive oil prices up, but oil will not directly continue to rise. At present, it is a volatile rise. I will continue to observe the trend of oil and share it in my channel.
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At present, oil has fallen below the rising channel. If it cannot rise back today and tomorrow, then oil will continue to adjust
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Crude oil: high, short-term first look at the fall
Judging from the current price action, crude oil bulls have encountered a slight resistance, indicating that the market may start to weaken. After experiencing a wave of unilateral gains, the crude oil market was challenged at the 85 level, which may be due to a certain degree of exhaustion in the market, which led to a slight correction. Despite market concerns about an economic slowdown, demand remains resilient, and the fundamentals of the crude oil market look much more optimistic than a month ago. At the same time, due to OPEC+ and Saudi production cuts, supply is decreasing, and short-term crude oil prices may hit 85 again.
When the price encountered obstacles near the upper track and fell back, the price rose twice and failed to stand on the 85 line. There are signs of a short-term fall. The price fall is just a normal correction in the process of rising, and it does not mean that the direction is reversed. Watch the market The price retraces slightly, and there is a risk of continuing to go lower. In the short term, we will first see a wave of decline, and then continue to continue the upward trend. The price fell below the first-line support of the middle rail, and there is a possibility of further decline. In the short-term within the day, we need to pay attention to the support near 82.5 below. Once the price falls below this position, it is possible to step back on the first-line 81.8. In terms of short-term operation ideas, we should first take a wave of prices Stepping back, focus on the resistance in the 82.8-83 area above.
Operating strategy: rebound in the 82.8-83 area and short, stop loss 83.4, target 81.8
USOIL:summary
Oil adjusted yesterday, but in the end it did not break the support point and returned to the upward channel again.
My forecast for next week is still mainly volatility, focusing on resistance and support points.
Reach the support point to buy up, reach the resistance point to sell down, next week I will remind everyone again how to trade according to the market trend.
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USOIL WITH PLAN WEEK : 14/18 - 18/08 ( ENG VER )USOIL is having a lot of information supporting the increase in oil prices.
Besides, Technical Development told him that the uptrend of Oil is continuing.
Chart H4 :
- Going beyond the H4 transaction boundary created a long time ago. Personally, I can see that the accumulation phase has formed. According to the Wyckoff paradigm.
- The recent H4 sessions have successfully returned to the Upper Edge Test.
- The last 2 H4 sessions, bullish candle with large volume - test backtest candle with very small volume. Seller beware!
Chart M15 :
- Finish running accumulation, go back to check LPS.
2 Areas of concern can enter orders :
- LPS: 83.
- Quasimodo region: 82.5
Summed :
BUY USOIL : 82.5 - 83
All Stoploss : 82
Target : 84 - 86 !
Good luck everyone !
USOIL:Trading strategy
Today, the oil has been adjusting. It tested the low twice, but it did not reach the low. The short-term support point of the oil is 83.2.
At present, the oil is still in the rising channel, and you can trade around the range.
Usoil Today's trade building:
Usoil:buy83-83.5 TP:84-85
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Crude oil: today's trend
Crude oil once again hit a new high point, and the strength was in a mess. Even though the price fell after a surge in the U.S. session, it eventually rose again. This is why I have not been doing short orders recently. Your entry point may not be ideal, but you can still exit with a profit. Although the announced increase in crude oil inventories, the sharp reduction in refined oil inventories has helped the bulls in oil prices. At present, there is no sign of crude oil turning around, so you need to be cautious when buying short orders at the top.
Oil trend analysis
International oil prices held firm on August 9, as supply cuts by Saudi Arabia and Russia led to tight supply, overshadowing negative trade and inflation data from China, the world's largest crude importer. Saudi Arabia, the world's top exporter, last week extended its voluntary output cut of 1 million bpd until the end of September, adding that the cuts could be extended and deepened. Russia also said it would cut oil exports by 300,000 bpd in September. The upper part focuses on the first-line resistance of 85.5-86.0 in the short term, and the lower part focuses on the first-line support of 83.0-82.5 in the short term. I personally recommend that the trading strategy is mainly low and long
trading signal:
buy82.5-83 tp83.5-84
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USOIL:Trading strategy
International oil prices have risen continuously, from 67 in June to the current 83, a full 22% increase in more than a month, which has also caused a significant increase in international energy costs.Domestic oil prices have been raised many times in a row.
However, this year's high is around 83.5. In the past more than a year, it has failed to break through six consecutive upward surges. This time, it is difficult to say that it will rise directly.Therefore, after oil prices have reached a high level, the shock has begun to intensify, and it is obvious that the previous long funds have begun to retreat.
Usoil Today's trade building:
Usoil:sell84-84.3 TP:83.7-83.2
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Crude Oil Price Analysis
Looking at crude oil on the daily line, the Bollinger Bands continue to open upwards, and the trend of bullish prices has not reversed. Crude oil can only rise after falling. The lower support is still strong. Below, focus on the first-line 82 support of the Brin middle rail. I think that when the price reaches 82, the price of crude oil will still rise to a certain extent. 83.3 can be seen in the short-term
trading signal:
buy81.7-82 tp 82.5-83
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USOIL:Trading strategy
Oil failed to continue the previous long trend on Monday, and the market fell into a stage of consolidation.
Yesterday was consistent with the trend I expected, but the rebound was not strong. Today, it has fallen below yesterday's 81.6 support, so it is now in the adjustment stage. The current support is 80.8. If it falls below 80.8 today and tomorrow, then it can be judged that the long-term upward trend has officially entered the adjustment stage.
Usoil Today's trade building:
Usoil:buy80.8-81.3 TP:81.8-82.3
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crude oil analysis
Oil prices were lower on Monday after six straight weeks of gains, with WTI closing at $82.45. Pumping through a section of the Druzhba pipeline in central Poland was suspended after a leak on Saturday, though a pipeline carrying oil to Europe is expected to resume on Tuesday, alleviating concerns about tight supplies. So I analyze that oil prices will rise slightly today.
Trading Signals:
usoil:buy 81.6-81.9 tp 82.4-82.7
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USOIL:Trading strategy
The oil as a whole is still a wide range of oscillations.
Last week's rise was also caused by the measures taken by Saudi Arabia and Russia on the supply side to maintain tight supply in September and possibly even longer, and OPEC+ ministers met during the day to assess the state of the oil market or provide positive information, so in the short term, this situation of tight supply and demand growth will lead to crude oil prices. There will be no room for a big decline. Figure out the most basic factors that affect the price trend of crude oil in order to better grasp the price trend.
So this week, we are trading according to market conditions.
Usoil Today's trade building:
Usoil:buy81.6-82.1 TP:82.6-83.3
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Crude oil: high correction consolidation, short-term continued b
Crude oil prices retreated slightly. On the one hand, the suspended Druzhba oil pipeline in central Poland is expected to ease supply constraints; However, OPEC+'s production cuts continue to support the rise in crude oil prices. At the same time, the overall sentiment in the crude oil market is bullish, and there is potential for further rises after a slight retracement and stabilization of prices.
The overall upward trend is volatile. It is normal for the market to have a callback during the rising market. In the short-term, it is expected that there will be a wave of callback first, but the callback will not be too strong. Wait for the price to stabilize after the callback can be placed. The 4-hour belt closed and went flat, and the price formed a sideways oscillating trend at a high level, and the retracement was also held above the support of the middle rail. In the short term, continue to pay attention to the support of this position, which is the 81.3-81.5 area. If you hold this position, the price will be The possibility of breaking out of new highs again.
Operation strategy: call back the 80.9-81.1 area to do more, and target 82.9-83.5 to be empty
Crude oil analysis next week
The daily line has regained most of the losses, and the market is still in a bullish trend and is currently in a strong state. Whether there will be large fluctuations in the adjustment here. Crude oil pressure 83.3, support 81.5.
Crude oil operation is recommended to buy at 81.5 first-line, with a target of 82.2~82.7. If it breaks above, continue to look at 83.5.
usoil:buy81-81.5
tp82.2-82.7
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Crude Oil: Crude Oil Trading Strategies
Through the analysis of the weekly chart of crude oil, we know that the last one continued to rise, and it has reached a certain degree of suppression near the previous high point, and the pressure of the important moving average above (83.30). It can be clearly seen from the figure that the funds that reached the bottom area in the early stage are still running in a strong area, and the support of the important moving average below is relatively strong. It has not been broken for several times in a row, and there are funds intervening at the bottom for many times, which has led to a continuous rebound in the past 6 weeks. The short-term bottom The support of 82.0 and 81.30 is relatively strong. In the short term, we will continue to operate at high altitudes and low multiples, focusing on doing long on dips. The specific suggestions are as follows:
Crude oil 81.30 and 82.0 are long respectively,
Crude oil 83.50 and 85.90 are shorted respectively
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Crude oil: Crude oil unexpectedly fell, but there is still a new
From the online point of view, there are signs of closure. The price has retreated sharply after encountering resistance near the upper rail. At present, it can only be regarded as an adjustment during the previous rise. The price will not just go down directly. It is expected that the short-term will be around 80 The dollar is consolidating around. With an opening in 4 hours, a big negative line directly fell below the first-line support of the middle rail, and it is currently stabilizing near the lower rail. The short-term price may test the low point of last night again. It is necessary to pay attention to the support at this position. If it can hold, then the short-term The price will have a chance to rebound again. The operation idea is to look at a wave of rebound after the price retraces and stabilizes.
Operation strategy: call back the 78.3-79 area to do long, stop loss at 79.6, and target 81 to short
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Exciting Opportunity: Dive into Today's Oil Price Dip! Before we dive into the details, let me shed some light on the recent price trend that led us to this thrilling moment. Over the past few weeks, we've witnessed a remarkable surge in oil prices due to hedge fund short coverage. This upward momentum has created a buzz among traders, and rightly so. But today, my friends, we have a unique chance to ride the wave in the opposite direction.
With oil prices decreasing today, it's time to seize the moment and make the most of this incredible buying opportunity. The recent fluctuations have set the stage for potential gains, and it's up to us to jump in and make the most of it!
Here's your call to action: Consider adding to your portfolio by buying into the dip in oil prices today. This drop provides a fantastic entry point for those who missed out on the previous rally or those looking to maximize their profits further. By taking advantage of this dip, you position yourself strategically to reap the benefits when the market inevitably rebounds.
Remember, successful trading often involves identifying opportunities and acting swiftly. Today's oil price dip represents precisely that - a golden opportunity that shouldn't be missed. So, gear up, get excited, and make the most of this thrilling moment together!
If you have questions or need assistance executing your trades, please don't comment away.
India's Oil Imports From Russia Decline Further - Monitor ImpacOver the past few months, India, one of the largest importers of Russian crude oil, has been scaling back its purchases from Russia. This decline, which predates the recent geopolitical tensions, is expected to intensify due to the Indian government's decision to impose certain restrictions on imports from Russia. Such a move will likely disrupt the global oil market dynamics, potentially leading to a surge in oil prices shortly.
As traders, we must stay well-informed and agile in our decision-making process. The impact of reduced oil imports from Russia by India cannot be underestimated, as it not only affects the supply-demand balance but also has the potential to create a ripple effect across various sectors. Therefore, I strongly encourage you to closely monitor the developments surrounding India's oil imports and their subsequent impact on oil prices.
To help you stay ahead of the curve, I recommend keeping a close eye on crucial industry news sources, monitoring the official statements from the Indian government, and analyzing market trends. By doing so, we can better assess the potential consequences on oil prices and position ourselves advantageously to capitalize on any market fluctuations.
In conclusion, the decline in India's oil imports from Russia is a significant development that demands our immediate attention. Let us remain vigilant and proactive in our approach, ensuring that we are well-prepared to navigate any potential challenges that may arise from this situation.
Crude Oil: Unchanged
Crude oil prices continued to fall at the opening, and basically returned to the support level around 80.9 as expected to stabilize. Multiple orders have entered the market. Friends who have followed the article's ideas and operations are already making profits. The short-term goal is to look at the high point around 81.7. The price will break through. Continue to look at target 82.6.
Continually updated
Crude oil: we continue to pay attention to 80
The short-term goal of crude oil price is to stand above the 80 mark, and the price reached the target as scheduled last week. But even if it reaches 80, at present, the crude oil price does not show a short-selling signal
Seen from the daily line, the market continued to open, and the price maintained a fluctuating upward trend along the upward channel. Although there was a process of callback and rest in the middle, the overall callback range was not very large. Basically, they stepped out of new highs and stepped back to confirm the rise again, so it was big The direction is still dominated by callbacks. In 4 hours, the price encountered resistance near the upper rail and retreated. The price basically moved between the upper rail and the middle rail. The lower middle rail 80 area is supported.
Pay more attention to above 80
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US Oil / WTI Analysis 30July2023Following last week's analysis, still in accordance with the price movement for next week. US Oil still looks very bullish with a tilt trend close to 45 degrees and at the closure of the week with full bullish candle shows the support of the buyer is still very strong. The closest target is currently in the price range of 83-84 which at that price is in contact with 2 areas of Fibo Extensions (Fibo Cluster)