Crude oil: operation strategy, high and low
Oil prices continued to rebound at the opening and performed first. Overall, Fed officials believe that there may be no need to raise interest rates. The decline in European diesel inventories boosts oil prices, but demand concerns still limit oil price gains. During the day, we will pay attention to the speech of the chairman of the Federal Reserve at the annual meeting of global central banks. If the speech is dovish, the oil price is expected to return to above US$80/barrel. If it is hawkish, the oil price may drop sharply, pointing to US$75/barrel; market uncertainty risks increase, and trading needs to be cautious.
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The trend of crude oil bottomed out twice in a row and closed up. There is a certain signal of bottoming out in the short term. There may be a continuation of the rebound in the market outlook, but the upper side needs to pay attention to the resistance of the middle rail line. Under pressure, there is a risk of going lower again. At the top, focus on the resistance around $80.40/barrel, and the operation is mainly short-selling
Usoilshort
Crude oil: continue to maintain decline
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WTI crude oil October futures closed at US$78.89/barrel, falling below US$80/barrel for the first time in a week, down 0.9% on the day. The EIA report released earlier today was mixed. Crude inventories fell by 6.1 million barrels, but investors also took a bearish look at the report, which showed U.S. crude production rose to a three-year high of 12.8 million barrels per day. Also, implied gasoline demand was below 9 mb/d for the sixth of the past seven weeks, a weak sign for gasoline demand in what should be the peak summer driving season
Go short around 79.20 on the rebound, stop loss: 79.80, target at 77.00
Crude oil, today's strategy is bearish
Crude oil is now clearly in a bearish trend. The k-line starts to exert force from the upper rail, the big Yin line breaks through the middle rail, and the k-line goes all the way south to the lower rail. At present, the k-line directly dives downward, and the Bollinger Band track is also opened downward. The opening is gradually enlarged, the lower triple bottom is near 79.0, the big Yinxian will inevitably break through, empty, 79.0 air
The market continues to consolidate weakly in the bottom area, and the overall oscillation at the support level of the trend line has now converged. We can clearly see from the attached picture below that the bottom area signal has appeared yesterday, and the bottom area in the early stage is relatively stable. In terms of a wave of rebound, yesterday’s intraday reappearance is relatively a rebound. In the short term, we can focus on the pressure. Only when we recover the lost ground will we go up further. , the specific suggestions are as follows:
Operating strategy: crude oil 79.0 empty, take profit 78.5-78.0,
Crude oil 78.0 into,
Russia's Oil Exports Plummet to Lowest Volume Level Since JanIntroduction:
In a surprising turn of events, Russia's oil exports have hit their lowest volume since January, raising concerns within the trading community. This unexpected decline has far-reaching implications for the global oil market, warranting a moment of reflection and reconsideration for traders worldwide. In this article, we delve into the reasons behind this decline and propose a call to action, urging traders to pause oil trading temporarily.
The Unforeseen Decline:
Russia, one of the world's largest oil producers, has experienced a significant drop in its exports, catching many traders off guard. The recorded volume level was the lowest since January, sending shockwaves through the trading community. This decline raises several red flags and highlights the need for a cautious approach in the current market.
Factors Contributing to the Decline:
Several factors have contributed to Russia's plummeting oil exports. First and foremost, the ongoing China economic slowdown has severely impacted oil demand, reducing production and exports. Furthermore, geopolitical tensions, economic uncertainties, and changing market dynamics have all affected this downward trend.
The Call-to-Action: Pause Oil Trading:
Given the current circumstances, traders must take a moment to pause and reassess their trading strategies. The declining oil exports from Russia should serve as a wake-up call for the trading community. It is crucial to adopt a more cautious and responsible approach to trading oil, considering the volatility and unpredictability of the market.
Traders can mitigate potential risks by temporarily pausing oil trading and avoiding unnecessary losses. This pause allows for thoroughly evaluating market conditions, including supply and demand dynamics, geopolitical developments, and economic indicators. This step will enable traders to make informed decisions and adjust their strategies accordingly.
Additionally, this pause serves as an opportunity to explore alternative investment avenues. Diversifying portfolios and considering other commodities or sectors can help traders reduce their dependence on oil and navigate the market with greater resilience. Exploring renewable energy sources like solar or wind power could also be a long-term investment consideration.
Conclusion:
The recent decline in Russia's oil exports indicates that the global oil market faces unprecedented challenges. As responsible traders, we must pause and reevaluate our strategies in light of these developments. We can protect our investments, mitigate risks, and explore alternative opportunities by temporarily taking a step back from oil trading.
Let us collectively embrace this call to action and make informed decisions contributing to a more stable and sustainable trading environment. We can only navigate these uncertain times and emerge more robust in adversity through careful consideration and responsible action.
USOIL:Trading strategy
Oil rose first and then fell today. It has been fluctuating near the lower edge of the rising channel, and now it is finally falling.
Now the downward trend is obvious, as long as it rebounds above 82, you can try to sell short.
Usoil Today's trade building:
Usoil:sell81.7-82.3 TP:81.5-80.8 sl:82.8
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USOIL:Trading strategy
Yesterday, as I expected, after the oil fell below the rising channel, it fell directly to 79, but as long as it fell, it would be repeated and would not fall directly.
Now oil has rebounded to 81, but as long as it does not rise to 81.5 and stands firm, then the current rebound is for a better decline.
Usoil Today's trade building:
Usoil:sell81.1-81.5 TP:80.5-79.8 sl:82.3
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USOIL - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from 1H bullish order block.
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USOIL:Trading strategy
Yesterday, crude oil fell as I expected. As long as you followed my strategy yesterday, everyone should be profitable.
But I judge that oil will not fall directly, it will definitely fluctuate and then fall.
Oil has fallen below the rising channel, as long as the rebound does not exceed 82.5, then you can sell short
If you have enough funds, you can 81.3 Short selling, if you want to be safer, you can short selling near 82.
Usoil Today's trade building:
Usoil:sell81.3-82 TP:80.8-80.4 sl:82.5
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USOIL:Trading strategy
Oil is currently falling below the rising channel again. If it cannot rebound above 82.3, I judge that oil will fluctuate and fall.
Usoil Today's trade building:
Usoil:sell81.8-82.4 TP:81.3-80.8 sl:82.75
If it rises to 82.7 again, then this time it will be a decline in the rise, and it will return to the rise channel again.
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The high level of crude oil encounters resistance and shocks
Crude oil prices rose and fell last week. The price hit the $85 line and then fell back. Judging from the current price trend, crude oil bulls have encountered slight obstacles, indicating that the market may start to weaken. After 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, resulting in a small pullback. 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 reducing, and short-term crude oil prices may hit $85 again
Looking at the daily level, the opening of the Bollinger Bands is upward, and the price has encountered resistance near the upper track and has fallen back. The price has risen twice and failed to stand on the line of 85 US dollars. There are signs of a fall in the short term. The fall of the price is just a normal correction in the process of rising. , does not mean a reversal in direction. In the morning, the market price retreated slightly, and there is a risk of continuing to fall. In the short term, we will first see a wave of decline, and then continue to continue the upward trend. In 4 hours, the Bollinger Bands closed, and 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 thinking, let's start with a wave of price rebound, and 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: 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
Direct shorting of crude oil in the US market
For crude oil, the daily trend is long, and the direction of the one-hour period is short. The operation idea is bearish at high altitude. Crude oil prices fell below the 82.5 line and then formed a downward step, and the shorts rebounded to the 82.0 line and then went up. The current price stopped at the 83.1 line and began short-term consolidation. The five-minute cycle top form formed after the price fell to the 82.75 line. So far, the opportunity to go short again has appeared in the operation, and the five-minute short-selling conforms to the one-hour cycle. The current price may be short at 82.75, which is bearish short-term before the low 80 line.
Specific operation: the current price of crude oil is 82.75 short, the stop loss is 8.7, and the target is 80.
USOIL NEW SL Same Target
Last week saw a sharp move up from both support and resistance levels. Also as I said before this is unsafe and a red flag. On the first day of this week, WTI has fallen from 83.1 to 82.42, which also demonstrates my analysis last week. There may be a new support level around 82.2, but our target is still at 80.5.
Invest rationally and get more signals.
USOIL: 14/8 crude oil analysisLast Friday, crude oil technically showed the characteristics of minor shocks, recovery and recovery. However, the price in the Asian-European trading stage then fluctuated and fell back and fell rapidly, and then stabilized and rebounded after piercing the 82.3 line. In the U.S. market in the evening, the price rose slowly to 83.7 and fell back under pressure, and finally closed around the 83 mark with shocks. The volatility throughout the day is not large, and the price fluctuates back and forth around the 82.2-83.7 range. From a technical point of view, the overall price shows a trend of finishing within a high and narrow range. Even so, the short-term trend is still suppressed by the 84 mark, and stagflation is observed in the short-term period. If crude oil prices fail to make a strong breakthrough today and reach the 84 mark, from a technical point of view, there may still be expectations of an adjustment and a fall. In the upper part, the short-term pressure area is concentrated around 83.8-84. If the market fails to break through here and stand firm, it may trigger a downward trend again, forming a trend of shocks and declines. Below, the support zone is around 81.7-81.5. In intraday trading, investors can first sell high and buy low in this range to seize the opportunity of shock operation.
Crude oil operation strategy: rebound to 83.5-83.8 short, stop loss 60pips, target below 82.0.
Crude oil operation strategy: Step back to 81.3-81.6 to go long, stop loss 60pips, target above 83.3.
Crude oil: today's trend
Crude oil may sell a lot at the moment, so the 84 line is directly empty, because crude oil has reached the top, and it is currently closing the shadow line. If the k-line can be so strong, then he must have a bad fall. It is an extremely dangerous trend, the k-line will definitely return to the moving average, empty, 84 is directly empty.
Operating strategy: crude oil 84 empty, stop loss 85, target 78
Crude Oil Analysis TodayCrude oil tested high yesterday and fell back. First, the inertia rushed above 85.3 and was under pressure. The European and American markets oscillated and backtested and corrected. Finally, the daily line harvested the Xiaoyin K line. After the daily yang line turned to the small yin K line for correction, the current space is enough to form the top, which is only regarded as a partial callback correction. The upward trend is slowing down, and after the correction, it will regain its momentum to rise again, but it will become volatile in the short term, changing from a strong rise to a slow rise in shock. Today's weekly line ends. Pay attention to the rhythm of the short-term, it should be to step back first, then start to stabilize and slowly recover the lost ground. The 4-hour chart is in a partial correction in the rising wave, and the indicators in the attached picture are in the overbought area to be digested.
At present, the whole is running above the upward trend line, and today's short-term may step back to confirm the support of the upward trend line. The European and American markets started to rebound again. The support points are mainly concentrated at 82-81.5. There is still a certain distance at present, and of course strong corrections may not reach it. At present, it is necessary to wait for the magnitude of the correction. The main idea is to maintain the low and many positions after the backtest, but the long position should be rearranged according to the intraday pattern. After all, there has been a partial correction in the small cycle. Coupled with the closing of the week, the short-term may enter a volatile ending. In terms of operation, it is subject to the market, and the tentative thinking is to wait for the step back and then go long.
Crude oil operation strategy: SELL84.1-84.5 short, stop loss 60pips, target below 83.
Crude oil operation strategy: step back to more than 81.6-82, stop loss 60pips, target above 83.5.
The current crude oil spread is large, stop loss friends and the entry position can be set to 60pips
Crude oil unilaterally rises, step back and go long today9/8Daily level, rising unilaterally; oil prices have continued to rise since the end of June, and are currently encountering strong resistance near the April high of 83.51. They have risen and held for two consecutive trading days, and closed close to the "cross star" K line on Monday, further reflecting the upper resistance Stronger, the short-term faces greater callback pressure, and even the risk of peaking. After the MACD diverges from the high level, there is a dead cross trend. The KDJ dead cross signal continues. The initial support below is around the 10-day moving average 81.14, and then the support near the 80 integer mark , The strong support is near the 21-day moving average of 78.5988, and the support at the low point last week is also near this position. If this support is lost, it will increase the bearish signal in the market outlook. The initial resistance above is around the intraday high of 82.47. If it can break through this position, it will weaken the short-term bearish signal; if it can break through the resistance around 83.51 strongly, you need to beware of the short-term rapid pull up of the market after the short-term is stopped. For resistance, refer to the position near the low of 84.70 on November 10. On the whole, the short-term operation of crude oil today is recommended to step back on the low and buy, and rebound and short for caution.
Crude oil operation strategy:
Rebound to 83.2-83.5 short, stop loss 83.9, near TP81.8.
Step back to 81-81.3 to do more, stop loss 80.5, near TP82.5.