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Usoilprediction

Usoil-analyze Yesterday I thought oil would reach 79.5, and I thought that if oil closed at 79, the probability of rising today would be high, but the highest it could only reach 79.2. After my analysis today, I believe that oil started to fall from 87.6, reached as low as 77, and finally fell to around 76.9, a total drop of almost 11, so I judge that oil has some room for repair. My short term goal is 79.5-80, let's see if we can get there Today's closing price is also very important. If it can break through 79.2 and stand firm, the probability of oil continuing to rise tomorrow will increase, and it may even reach 81. If today's closing price is below 79.2, oil may continue to fluctuate between 77-80. What if you don't know how to trade? Join me as I analyze and provide ideas every day
TVC:USOIL
by UnknownUnicorn71050047
1
Usoil-analysis and ideas As can be seen from the chart, two great resistance points formed near 87.6, which can mean that the short-term top of oil is slowly beginning to form. The previous idea was to call back to around 83.5, or even reach 80-82. The short-term decline was too fast, so I I think there will be a certain rebound, reaching 83-83.5, and then continuing to fall. The current trend has verified my last idea. This is the latest idea for your reference. Join me and make money with me.
TVC:USOILShort
by UnknownUnicorn68604160
Why I Expect 200 Dollar USOIL Wti CrudeUsing momentum indicators (keltner channel) I've been watching this weekly rally and recent correction. Using the close, and the last wave, oil price could climb to astronomical levels in USD. There is a momentum shift of the correction, and the bull market for oil appears to be underway. At this pace, 200 by june is not far fetched. I expect the Dollar to lose significant strength, and costly measures enforced as an abysmal attempt to stifle inflation. Soon interest payments will become the largest expense if it hasn't already. There is much reason to worry about world markets right about now. Larger Pattern Breakout and here is the shift up close on the weekly: This is not financial advice.
TVC:USOILLong
by Mikhiavelli
33
Oil Prices Surge on Rising Tensions in the Middle EastOil prices surged today, reaching their highest level since October 2023, amid heightened geopolitical tensions between Israel and Iran. The increase comes as Israel braces for a potential retaliatory strike from Iran following a recent Israeli attack on an Iranian diplomatic compound in Syria. This latest development adds another layer of uncertainty to the already volatile global oil market. Concerns about potential disruptions to oil supplies from the Middle East, a region that accounts for roughly one-third of the world's crude oil output, are driving prices higher. Rising Tensions Fuel Oil Price Rally News reports, citing sources familiar with the matter, suggest that Israel is preparing for a possible attack from Iran or its proxies in the coming days. This follows the Israeli airstrike on the Iranian diplomatic compound in Syria last week, which was widely seen as a significant escalation of tensions between the two nations. The United States and its allies believe that a major missile attack by Iran is imminent. This perceived threat of a wider conflict in the Middle East has sent shockwaves through the oil market. Investors are concerned that any military confrontation could disrupt oil production and exports from the region, leading to a significant supply shortfall. This perception of risk is reflected in the options market, where traders are actively buying call options – contracts that give the buyer the right, but not the obligation, to purchase oil at a certain price by a certain date. The increased demand for call options suggests that many investors are anticipating a further rise in oil prices. Analysts Weigh In: Bullish vs. Cautious Analysts are divided on the potential impact of the current situation on oil prices. Some, like those at Commerzbank, believe that a direct confrontation between Israel and Iran would be a "game-changer" for the oil market, leading to a significant and sustained price increase. Others, however, are taking a more cautious approach. The International Energy Agency (IEA) released its monthly report today, downgrading its outlook for global oil demand this year and next. The report cites the ongoing economic slowdown in China, the world's largest oil importer, as a key factor behind the downward revision. Beyond the Middle East: Other Factors at Play While the Israel-Iran tensions are currently the dominant factor driving oil prices higher, it's important to remember that other factors are also at play in the global oil market. • Limited Spare Capacity: OPEC, the world's leading oil producer cartel, and its allies, known collectively as OPEC+, have limited spare production capacity. This means that if there is a disruption in oil supplies from the Middle East, it will be difficult to quickly replace the lost barrels. • Geopolitical Risks Beyond the Middle East: Recent attacks on Russian energy infrastructure by Ukraine have also contributed to the overall sense of unease in the oil market. • Post-Pandemic Recovery: The ongoing global economic recovery from the COVID-19 pandemic continues to drive up demand for oil, particularly in transportation sectors. The Road Ahead: A Balancing Act The future path of oil prices will depend on how the situation in the Middle East unfolds. If a wider conflict is averted, oil prices could moderate somewhat, especially if the IEA's concerns about slowing demand materialize. However, if tensions escalate and there is a significant disruption to oil supplies from the Middle East, then a sustained price increase is highly likely. Additionally, how OPEC+ responds to the evolving situation will also be a key factor. The cartel is currently scheduled to meet in May to discuss production quotas. If they decide to maintain their current production levels or even cut output, it could further tighten the market and push prices even higher. Impact on Consumers and Businesses Rising oil prices have a ripple effect throughout the global economy. Consumers are likely to see higher prices at the pump, as gasoline and diesel costs typically track the price of crude oil. Businesses that rely heavily on oil and other energy sources will also face higher input costs, which could lead to higher prices for goods and services across the board. This could further dampen economic growth, especially in countries that are already grappling with high inflation. Conclusion: A Volatile Market with High Stakes The oil market is currently in a state of high uncertainty. The rising tensions in the Middle East are a significant risk factor, but they are not the only factor at play. The interplay of supply and demand dynamics, the actions of OPEC+, and the overall health of the global economy will all play a role in determining the future path of oil prices. In the short term, oil prices are likely to remain volatile as investors grapple with the potential for a wider conflict in the Middle East. In the long term, the outlook for oil prices will depend on a complex mix of factors, making it difficult to predict with certainty where they will go from here.
TVC:USOILLong
by bryandowningqln
USOil WTI Technical Analysis and Trade IdeaUSOil WTI Technical Analysis and Trade Idea In the video, we analyse a potential trading opportunity for USOil. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
TVC:USOILLong
by fxtraderanthony
Oil correction is a buying opportunity The news is likely to boost oil prices. Geopolitical factors have affected oil reserve inventories. Oil inventories this week will be significantly lower than expected. leading to increased market demand In terms of trend, there is a certain degree of over-rising behavior in the market, but the trend is still a bullish trend. If the price falls back to the low price within the day, you can still buy. Focus on the buying position in the range of 3.9-83.5. This week’s focus will be on the release of API and EAI data. Related Products: MATBAROFEX:WTI1! BLACKBULL:USOIL.F FX:USOILSPOT NYMEX:WTI1!
TVC:USOILLong
by T0_messenger
USOil WTI Technical Analysis and Trade IdeaI posted a trade idea a few moments ago, this is the video explaining my idea. There are important points in the video that are noteworthy. USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced, and a bearish reversal could occur at any time. Trade cautiously, prioritize risk management, and remember – this is not financial advice.
TVC:USOILLong
by fxtraderanthony
Crude oil trading analysis Crude oil trading analysis The oil market was mixed and volatile last week. The Red Sea shipping crisis has drawn attention, while an increase in demand forecasts from the International Energy Agency has also caused market volatility. Although WTI crude oil futures fell slightly, the overall trend showed a weekly increase of more than 3.88%. International Energy Agency forecasts show that global oil demand will continue to increase until 2024. However, the agency also warned that if OPEC+ countries continue to cut production, it may lead to supply shortages. In addition, geopolitical factors and central bank monetary policies will also have an impact on future market trends. Currently, crude oil prices are now at $81.4 and encounter two resistance levels of $81.7 and $82.5. If these levels are touched on the day, short positions can be made at high prices. At the top, pay attention to the resistance at $82.0-$82.5, and at the bottom, pay attention to the support at $80.0-79.5. Today's short-term recommendations are mainly short selling at high prices. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
FX:USOILShort
by Gold_Digger_King
Crude oil may fall back after rising today Crude oil fluctuated upward on Wednesday, with a minimum of 77.5 and a maximum of 79.8 that day. The daily line closed at 79.5. From the daily line, the oil price has reached the upper track. Today, the focus is on the 81 line. If it rises to around $81, will there be strong resistance above? As far as the current trend is concerned, the price of crude oil has risen to 80.3 US dollars. Waiting to see if it can reach 81 US dollars, you can make the right choice by paying attention to my signals at any time. My suggestion is to prefer shorting at high prices: shorting in the range of 80.5-81 US dollars. I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
FX:USOILShort
by Gold_Digger_King
1
Crude oil analysis signals make you money easily In the short term, the oscillation pattern of crude oil and fuel oil futures may continue On March 12, crude oil varieties fell as a whole yesterday, especially fuel oil futures fell significantly. 1. The weakening of macro factors has hedged the benefits of OPEC+'s extension of production cuts. The weakening of oil prices has led to the decline in the support effect of fuel oil costs. Coupled with the recent decline in the shipping index, the outlook for fuel oil demand has dimmed. In the context of weakening demand factors and cost support factors, domestic fuel oil futures fell significantly this Monday. Although the market has always been skeptical about whether OPEC+'s production cuts are sufficient, there is no doubt that the oil market's supply and demand balance is in a relatively healthy state due to OPEC+'s efforts to reduce production. 2. The periodic decline of crude oil is the main factor driving the decline of oil products. Since the implementation of the OPEC+ production reduction plan, the market's trading focus has begun to shift to demand. Crude oil is still in a range-bound oscillation pattern, and there is great pressure on both long and short positions. Among them, OPEC+ production cuts provide bottom support at the bottom, and weak demand is suppressed at the top. There is no improvement in the long-short logic in the short term. According to the current trend of crude oil, the price of crude oil is basically fluctuating between 78 and 78.5 US dollars. At this stage, the crude oil price reached 78.6 and was unable to break through due to resistance, and then fell again. As far as the current trend is concerned, the crude oil price is oscillating at 78 US dollars. Please pay attention to my signals at any time. Only then can you make the right choice. It is recommended to go long at low prices in the short term: go long around $78.0 I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances. For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
FX:USOILLong
by Gold_Digger_King
1
Crude oil analysis signals make you money easily According to the current trend of crude oil, the price of crude oil is basically fluctuating at 77-78 US dollars. At this stage, the crude oil price reached 78.6 and was unable to break through due to resistance, and then fell again. As far as the current trend is concerned, the crude oil price is oscillating at 78 US dollars. Please pay attention to my signals at any time. Only then can you make the right choice. It is recommended to go short at high prices in the short term: short around $78.5. I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances. For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
FX:USOILShort
by Gold_Digger_King
Crude oil operation suggestions for next Monday For crude oil on Monday, focus on the first-line support of 77.0 at the bottom and the first-line resistance of 80.5 at the top. At the same time, pay attention to the upper and lower breakthroughs before making changes. Crude oil operation suggestions: ​ 1. Go short after rebounding near 80.5, stop loss 0.6 US dollars, target around 78.5-77.0; ​ 2. Retrace to go long near 77.0, stop loss 0.6 US dollars, target around 78.0-79.0
TVC:USOIL
by George_Martin00
1