Usoilshort
Crude oil: Crude oil rebounds to highs
U.S. oil WTI once fell below $89 and pushed down to $88. It fell as much as $1.48 or 1.7%. After turning up, it returned to the psychological integer level of $90. The more actively traded Brent December futures once fell to US$90 or fell as much as 1.6%, then turned higher and then returned to US$92. The futures about to be delivered after expiration turned higher and then rose above US$94. They had previously fallen below 93 US dollars. and $92.
Oil prices turned higher and broke off two-week lows, with U.S. oil returning to $90
In the third quarter, U.S. oil rose by more than 26%, and Brent oil rose by about 24%. Both are expected to record the largest increase in more than a year since the first quarter, and both oil prices will achieve cumulative increases in every month of the third quarter. Mainly because the prospect of tight supply outweighs concerns about economic and oil demand uncertainty in a period of high interest rates. However, some analysts worry that the U.S. government shutdown may make it difficult for Brent oil to rise to $100.
Go long near 92.0, stop loss: 89.90, the target is 92.0-95.0 if it breaks.
Crude Oil: Strategy Advice Short
The oil supply outlook remains tight, with Russia and Saudi Arabia both cutting output through the end of the year, while the number of operating oil rigs in the United States has dropped to its lowest level since the end of the year. U.S. refiners are also cutting production capacity, further tightening supply.
While these factors are expected to continue to support prices, overall economic concerns are limiting oil prices' upside potential. In the short term, oil prices will continue to be impacted by the above factors. Rising interest rates, a stronger dollar and worries about the global economy appear to be offsetting the benefits of limited supply. However, with the start of China's National Day Golden Week, a potential rebound in tourist numbers may bring some support to oil prices. But until global economic concerns are eased, oil market sentiment tends to be bearish.
Short-term strategy reference: High probability scenario: bearish above 90.6, target 90.0-90.6. Small probability scenario: bullish below 88.8, target 88.5-88.9 Market comment: RSI technical indicator runs downward!
The short-term supply of crude oil is insufficient.Thanks to many traders for their support, please remember to give me a like, thank you very much.
Can the current short-term crude oil supply shortage be resolved? Demand expectations need to remain cautious. The daily trend of crude oil is temporarily maintained at a high level, and the current price range is temporarily compressed between 91-90 on the 4-hour trend.
Operation suggestion: short around 90.2-4, stop loss 91.1, target 89.3-89.6
I would like to remind all my friends to do good risk control and wish everyone smooth trading.
Crude oil: short at high points
Crude oil fell first and did not give short-selling opportunities. Then short-selling can only be considered when it goes up to the support line. The short-selling opportunities in the 90.8-91.6 area were also prompted in the roadshow and in the group (as shown below). . With the sharp counterattack of crude oil, bulls began to save themselves, but eventually gave up most of the gains. At present, oil prices have fallen into short-term shocks, and bulls and bears are expected to compete here. Crude oil is expected to rebound, so it will fall back first and wait for the counter-draw. , as to whether this is a reversal topping stage or a rise relay, currently I personally prefer the first.
The main reason for the rebound in crude oil is that the overall upward trend of wave 3 has most likely ended. Starting from the high point of 92.41, there is a high probability that it will enter the mid-term 4-wave adjustment. The specific breakdown is in wave 4 A of it. Crude oil pressure 90.85~91.45,
2209 USOIL retest top and retest the bottom?Hello traders,
This is 1H chart for USOIL.
It is expecting a sideways price action for USOIL on 1H chart which wont change our view on usoil that it is still on a strong bull trend.
Price got rejected from the top again and now turning down to make a test on the bottom. This is looking like a big ABC move from the top.
Good luck on this selling plan.
LESS IS MORE!
USOIL:Trading strategy
Oil finally fell. When many people thought it would rise, I always believed that oil would fall.
Because since last week, oil prices have been postponed last week because of the joint production cuts by Saudi Arabia and Russia, but the technical indicators show that they have been overbought.
Our medium-term goal is still 86
Short-term trading advice:
USoil:Sell:91-92
TP1:90.1
TP2:89.2
TP3:88
If my thoughts are helpful to you, please like and subscribe
USOIL:Trading strategy
Oil is the same as I predicted last time, reaching resistance and falling, the lowest falling to my predicted TP2: 89.2
Now oil is rising again, but I think oil will definitely adjust and fall in the end.Medium-term target is still: 86
Short-term trading advice:
USoil:Sell:92.3-92.8
TP1:91.5
TP2:89.9
TP3:89.5
If my thoughts are helpful to you, please like and subscribe
WTI Crude Oil 4HGenerally if we look at it the direction is bullish, it might do a down retest and it will rise again.
If the direction was under 89.90 it will go down and touch 88.11 , 86.08 then 85,00
But if the direction rised again and stabilized on 90.92 the direction will rise and touch 92.19 , 93.27 then 95.03
Resistance prices: 92.19 & 93.27 & 95.07
Support prices: 88.11& 86.08& 85.00
timeframe: 4H
Crude Oil: Today’s Strategy Trend
The retracement of crude oil indeed exceeded expectations, but the bulls still stubbornly recovered the lost ground in the late trading. Therefore, the bullish position is still the main focus at present. The washout on the way is also the result of the long-short contest. If the price falls back to the point during the day, we will still be bullish. Don’t directly chase long positions in early trading.
The main reason why crude oil is bullish is that the upward trend of wave 3 and wave 5 is still continuing, and there is still a slight retracement on the way, and it is still bullish. Now it has been subdivided again and has entered the final peak moment of wave 3 of wave 5-5. Crude oil pressure is 90.80~91.50, support is 89.30~88.70.
For crude oil operations, it is recommended to wait for 90.8 to buy, with a target of 90.80~91.50. If it rises directly to 91.50, we will look at the pressure signals and decide whether to buy the top.
Directly empty, ready to plummet to the 80 line
Crude oil is about to plummet to the 80line, if you have any questions, come to me, it is so domineering
Crude oil’s daily line is obviously in the trend of multiple tops, at least a quadruple top. Every time it rushes to around 82, and then is suppressed strongly. At the same time, there is a waterfall downward, and the Bollinger Bands have closed. already empty
WTI Crude Oil 4H (Pivot Price:86.08)
USOIL
stabilizing above 86.08 ill support rising to touch 88.11 then 90.43 then 92.19
stabilizing under 85.00 will support falling to touch 82.96 the 81.14
Pivot Price: 86.08
Resistance prices: 88.11 & 90.43 & 92.19
Support prices: 82.96 & 81.14 & 78.21
timeframe: 4H
USOIL: Range shock, high Sell opportunitySince I expressed my opinion, I have published a total of 3 articles, all of which have ended in profit. The winning rate currently remains at 100%. I hope it can continue to be maintained and point out a clear direction for everyone.
Recently, crude oil has been fluctuating within the range of 86.10-87.9. This oscillating trend has lasted for several days, and there is no sign of a breakthrough for the time being. The only way to achieve a breakthrough is to see how tomorrow's EIA data performs. Before that, we can just keep selling high and buying low.
At present, crude oil has reached a high of 87.9 again, and the opportunity to short is rare, so I am prepared to sell here and set two targets, 86.8 and 86.1.
USOIL - Expect retracement ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
USOIL PREPARING FOR SHORT!!Hey Traders,
Here we have another analysis for USDWTI ,
So we expect bearish move in higher TF,
We have two extreme resistance level you can look for short in those areas,
Everything else determined properly on the chart, I will try to share with you my entry setup on USOIL, so make sure you do not miss our analysis,
Any question about USDWTI comment me bellow!
@FxShzd team