Saudi Arabia boost oil price with output cutI have some exciting news to share with you today. Saudi Arabia has recently announced their plan to boost the oil price by cutting their output by 1 million barrels a day. This is excellent news for the oil industry and presents a fantastic opportunity for investors like you and me.
As you know, the oil market has been volatile in recent years, but with this announcement, we can expect a significant rise in oil prices. Therefore, this is the perfect time to invest in oil futures and exploit this exciting development.
I encourage you to act fast and invest in oil futures today. This is an opportunity that you don't want to miss out on. With Saudi Arabia's commitment to reducing its output, we expect a steady increase in oil prices over the coming months.
Let's exploit this exciting opportunity and invest in oil futures today. I look forward to seeing the positive results of this decision shortly.
Usoilprediction
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe USOil rallied as much as 1.3% on Friday after the Fed’s favorite gauge for U.S. inflation came in beyond expectation for April, indicating that the central bank will raise interest rates again in June and July versus expectations for a pause.
USOILSPOT Fundamental Factors: However, following the U.S. president's announcement via his Twitter handle on Saturday that the much-awaited deal to raise the U.S. debt ceiling has been reached, the potential of the currency and commodity markets to embark on a new wave of risk-taking - after weeks of fear about a government default on payments is now high. Now that the threat of a default is out of the way, assets, including commodities, could move higher when markets reopen on Tuesday after Memorial Day weekend.
USOILSPOT Technical Analysis: In this video, we considered the USOILSPOT Support and Resistance Levels identified on the 4H timeframe as a yardstick to guide trading activities and the USOILSPOT Price Forecast ahead of 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:Trading advice for the day
The recent market is complicated, quickly pulling up a wave, there is the risk of the main wash, but under the short trend, crude oil eventually closed lower for the second time, so for the time being, crude oil still maintains a short trend, bullish downside. Although this wave of bears seems to be able to continue, but there is no short pattern, in the daily cycle, it is likely to break the unilateral moving average to suppress the strength, so today in the bearish crude oil while paying attention to the strength of the rebound, more optimistic about 67, 67.5 short-term bottom higher, if the big rise can be seen 69.8, 70.5 high. The US market has EIA data, and we need to pay attention to its impact.
As long as you keep up with my signal, you can make more money
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!
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!
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!
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!
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 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.
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.🧅
USOIL - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to go a little bit higher for buy stop liquidity and to fill the imbalance and then to reject from bearish order block.
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USOIL: How?GAP is defined as the gap between 2 consecutive trading sessions (or 2 candles). GAP is determined based on the closing price of the previous candle and the opening price of the following candle. Under normal conditions, the closing price of the previous session will be the opening price of the immediately following session.
USOil | New perspective for the week | Follow-up detailFollowing the massive slide couple of weeks ago; we scooped over 800pips profit as the US oil finished last week's trading session up approximately 4%, after factoring in gains from the first four days of the week. This indicates consolidation and the possibility of a technical rebound, which has immediate resistance at both the trendline identified on the 4H timeframe and the swing high of the $71 zone. In this video, we analyzed the current market structure with the intent of identifying the potential direction of price action in the coming week(s).
00:40 Reference to last week's daily commentaries and results
04:50 USOil Technical analysis on Daily chart
10:20 USOil Technical analysis on 4H Timeframe against next week
12:38 Conclusion on next week's expectation for the USOil
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.
views in dcb for USOILTVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
USOil | New perspective for the week | Follow-up detailFollowing approximately 2,000 pips in profit last week (see link below for reference purposes); we took a fresh new look at the chart as US Oil prices hit their lowest point since December 2021. I think the slump in oil prices this time, had little to do with supply-demand but more with the crisis of confidence at banks that provide the liquidity for trading this commodity and the potential interest rate hikes by the Federal Reserve have also led to fears that the US economy could end up in a recession. In this video, we took a technical dissection of the current market structure and identified a simple structure that we shall be using to guide trading activities in the coming week(s).
01:00 Reference to last week's daily commentaries and results
04:20 USOil Technical analysis on Daily chart
06:39 USOil Technical analysis on Weekly chart
09:00 USOil Technical analysis on 4H Timeframe against next week
10:30 Conclusion on next week's expectation for the USOil
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 - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here I still looking for shorts position and expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block where I will look for a confirmation on lower timeframe.
Like, comment and subscribe to be in touch with my content!