USOIL: 22/12O European market suggestionAngola said it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group's efforts to support prices by limiting global supply. In the 4-hour chart, after falling below the middle track and back-testing the lower track, it holds the sub-low and rebounds above the lower track to regain the middle track. The 4-hour chart is a rapid downward rebound, seeking support and correction, and then continuing upward. In the short term, use 73.8 as a defensive support point, and then adjust your thinking if it breaks below.
But as long as the low point of the step is not broken, the trend remains unchanged. On the whole, it is suggested that the short-term operation of crude oil should focus on the first-line resistance of 76.0 at the top and the first-line support of 73.8 at the bottom.
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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: 19/12 Today’s AdviceYesterday, the conflict in the Red Sea region of the US market escalated, and a cruise ship incident occurred, so gold and crude oil rose sharply. However, the biggest impact of this incident was on energy, and the impact on gold was limited, So, crude oil breaks through the technical suppression of the 4H mid-track and continues the upward trend.
On the weekly line, the market first fell and then rose last week and closed with a long lower shadow line and a positive line, indicating that there is some support below, and the market is more likely to rebound this week. However, the market is still below the 20-day moving average, and the overall market will still be under pressure. There is pressure at $74.61 at the top, and support at $72 at the bottom.
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📈🛢️US Oil Daily prediction 🛢️📉TVC:USOIL
TVC:DXY
Hello Traders.
Let's continue our analysis of USOIL.
Before we predict next week, let's take a look at oil chart's trend along with the DXY index.
The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285)
If the price of oil rejects at the level of $77.65, it is likely that the second scenario will occur for the price and vice versa.
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USOIL: Crude Oil Market Analysis and AdviceLooking at the four-hour trend, crude oil is still running in a downstairs structure, with the upper resistance at the 72.8-73.4 area. Only a further breakthrough can change the overall trend. However, because crude oil has a large V-shaped reversal at low levels, bulls still take the initiative in the short-term trend; the short-term watershed between long and short is $71.3, and crude oil will continue to weaken after it breaks below again.
Personal suggestion: go long on the pullback; the dividing line between long and short: $71.3/barrel
USOIL: 15/12 Analysis and AdviceIn the 4-hour chart, a consecutive positive rebound broke the weak decline and returned to the mid-track shock. Judging from the closing situation of the K line, the short-term rebound is still strong. The hourly chart rebounded based on the downward test of 67.70, and stabilized the upward trend from 69.50. The 4-hour chart reversed the weakness. In the short term, focus on the resistance of 73.50-74. Today it is recommended to go long on callbacks
USOIL: Bulls are about to start
With the EIA data today, the market is bound to experience significant fluctuations. From the current point of view, I think the probability of an upward trend is relatively high, so my trading strategy is to go long.
During this process, since the fluctuations will be very large, you must do a good job in risk management and never let your transactions bear too much risk.
Each of our transactions should involve small risks and large gains. Only such transactions will be long-lasting.
Analyzing the market is a complicated matter, but if you can master a method proficiently and get it verified, your trading will become simple.
I hope all my friends can profit from the market! good luck!
Crude oil trading strategy on December 7
Yesterday, the market rose first and then fell in the evening. It once reached the 69.10 line below and is still rebounding slightly. Now there is a desperate counterattack signal at the 69.10 line. It is expected that a rebound is about to happen. It depends on the strength of the short-term rebound. The short-term general direction remains unchanged. In the short term, we will continue to short on rallies. Specific suggestions are as follows:
Crude oil 72.60 and 74.60 are short respectively, with stop loss of 70 points and take profit of 300 points;
Crude oil is long at 69.20 and 66.30 respectively, with a stop loss of 70 points and a profit stop of 500 points.
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!
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Usoil:Will oil rise today?
Oil was blocked from the middle edge of the trend line yesterday and began to fall
As long as oil breaks through 78.4, there is still a lot of room for growth above, so the resistance of 78.4 is still observed today.
Oil is still on the upward trend for the time being, so you can still choose to buy at the support point
You need to strictly set the stop loss every time you trade, so that even if the trend changes, you can reduce your losses.
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BUY USOIL !!! TIME TO RETRACE hello traders as i can see its a great entry point for oil to caught some easy pips oil had created a good support zone on last daily low in shorter TF its seems more upside to test broken support zone Saudi and Russian are stick on their cut policy and war is also creating more demands
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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!
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📈🛢️US Oil Daily prediction 🛢️📉TVC:USOIL
FX:USOILSPOT
Before we predict the next week, let's take a look at the trend of the oil chart.
The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level.
If this uptrend fails, the price will reach lower targets below 77$.
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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:Repeated shocks
Oil peaked at around 79.8 yesterday. Due to signs that tensions in the Middle East may ease and uncertainty about U.S. crude oil inventories, it fell to near 77.7 yesterday.
As can be seen from the daily line, the price has been supported and stabilized near the lower Bollinger band, and has emerged from a continuous rebound trend. Although the price fell after the increase yesterday, it did not fall below the important support position of 77.5.
So we can still choose to buy in the support range, but you need to strictly set the stop loss to prevent the oil from falling further.
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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:bottom
Oil now has a clear bottom. It stopped falling and rose last Friday, and continued to rise this Monday. The bottom continued to rise and broke through the suppression of the unilateral moving average, forming a clear bottom foundation.
Today, we need to observe the resistance of the ten-day line and whether it can break through the range of 78.9-79.2. If it breaks through, there will be a lot of room for growth. Today, as long as it falls to the support level, you can choose to buy and set a stop loss to prevent accidents, so that your success rate will be very high.
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