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Usoiltrade

Why has USOIL skyrocketed? Yellow leaves give up the trunk in anticipation of the verdant spring; candles sacrifice their perfect bodies to have a lifetime of brightness; and the mind lets go of the mundane clamor to embrace tranquility. Only by letting go can one free their hands and seize true happiness and joy that belong to them. Learning to let go is essential to living a fulfilling life. Now, let's analyze the reasons for the USOIL rise on Friday: Middle East conflict: Saudi Arabia and the United Arab Emirates have conflicts over multiple issues. The most significant disagreement is related to Yemen. The UAE is seeking to build a military base and runway on an island at the southern end of the Red Sea in the Mandeb Strait. However, Saudi Arabia has refused. Sources also indicate that the UAE has been urging OPEC+ to allow for increased oil production, but Saudi Arabia has remained steadfast in its refusal. In the end, the UAE publicly and privately indicated that it would adhere to the current OPEC+ agreement for at least this year. Therefore, this led to a significant rebound in crude oil prices after the initial sharp drop. However, it is important to continue monitoring the situation to see if the development of events will persist, which represents the primary risk. Sudden incidents: At least 12 people died in a pipeline explosion in Nigeria. On March 3, the Rivers State Police Department issued a statement saying that a segment of an oil pipeline in a village in the Imoha area of the state caught fire and exploded in the early morning. At the time of the accident, local residents were stealing oil from the pipeline, and it is believed that the burnt-out cars found at the scene belong to the oil thieves. The police are investigating the cause of the accident. This is a bullish factor for crude oil since Nigeria produces 1.44 million barrels per day, and the already repaired production may once again be affected. Data release: In the week ending March 3, the total number of oil drilling rigs in the United States was 592, compared to an expected 602 and a previous value of 600. This data is bullish for USOIL. From a technical perspective, USOIL was oscillating within the 76-78 range, but due to the impact of sudden events and data, the trend broke through upwards, and the trend turned bullish. It is worth emphasizing that USOIL belongs to the energy and strategic resources sector, and many events can lead to dramatic price fluctuations. Therefore, it is important to pay attention not only to technical analysis but also to the impact of news. In the short term, we will focus on whether 80.60 can form an effective breakthrough. If the resistance above is strong, the trend will fall back to around 78.60, and then we can lay out a long position in line with the trend. In the short term, the USOIL market is not stable, and cautious investors should observe mainly and wait for the impact of news to dissipate before laying out a more secure technical strategy. I will provide specific operation suggestions timely, and feel free to leave me a message if you have any questions. Thank you for your attention and support.
TVC:USOILLong
by FlashTrades_
2
USOIL possible buy zone!Instrument : USOIL Possible direction : Bullish Technical Analysis : After back to back 4 months of strong rejection from the support level, USOIL bulls has taken control of the market with strong impulse on the daily, price has broken out of the weekly resistance zone and it is highly likely USOIL will continue to rise with a strong momentum and may reach to 84.80 level where is the resistance level. Possible trade recommendation : Bullish as per sketch. Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:USOILLong
by ForexWizard01
Understanding Oil Right NowOil Markets have been slammed off highs as demand recedes. Natural market sentiment changes give prices a whack and eventually... Well they get a little low. Remember, extreme prices just do not last. It's unsustainable and that's what causes a hit in the price. Think about it.... Can oil realistically become such an enormous price that people literally can't buy it at all or drive cars. That's what global Reg is for. Looking at charts directly with knowledge of PA and Key Tech Aspects we know a 50% Move down is a fair spot to get long. NOTE the return to MA's is swift and straight to previous areas of rejection and key Ma's. This is because price becomes ideal to old and new buyers alike which you can see from the formation/appearance of candles. Long zones remain @ 67$ as we looked at previously. Market sentiment is still taking the price to the downside as seen on various asset classes we've looked at today (USD reflective). Risk averse zone is preferred but can be scalped at current levels on early entry Confirmation. Always remember to reflect on the validity of extreme prices both when we saw 0 and when we saw the huge highs in previous economic climates. It always changes and you can easily track this via many news outlets. Trade Small and scale at predetermined long zone.
TVC:USOIL
by WillSebastian
4
US OIL: Why we were long..We looked long on various Analysis / Livestreams for US OIL. Oil is heavily Sentiment based as a commodity. Tightening supply news pre-empted the move but what really should've struck you is: - Weeks of harsh down move. - Key support - Previous price action - Market Value These FOUR things would've led to a great educated assumption which is what you need to make a good trade. What's more you could've traded the aftermath and took further gains. Looking for light side Trades in accordance with PA levels (Up or Down).
TVC:USOIL
by WillSebastian
3
US oil and Looking to the longside..Here is a breakdown of the current Oil Markets (Tech/Fundamental). To understand how to accurately trade any commodity market one must be in touch with market sentiment and be able to infer from Price Charts Entry/Exits points for Traders and the Mass market. Currently various restrictions and caps on Oil create a Demand structure and sentiment, as do other elements.. Sentiment is not entirely strong for a south side picture at this current time giving us slight longside bias... HOWEVER the Tech side looks a little more attractive.. Staring at you are KEY PA levels and some MA's which are giving you an indication as to where you can find market value. Remember always to utilise common sense. You have a fall. Falls have rebounds and prices do not always move in one line. Look for semi light longs and Trade small. Take note of both LZ1 and LZ and split positions if comfortable.
TVC:USOILLong
by WillSebastian
6
USOIL Long Strategy / Flip.What has really happened? Drawing from reserves? Pushing the price cap narrative? They are all temporary relives, just like a plaster/bondage on a wound. Chinese demand will pick up and war continues, and latest developments around south korea... I believe the Oil Rally is far from over, and the longer the spring is tried to be controlled/held, the harder it will be released back up. With OPEC+ Set to meet this week, and the possibility of reduction of production, intimation of South Korea, WTI prices will also be effected indirectly for sure. I believe the strategy is pretty forward with 3 TP targets on long, and should we cut our losses and move short before longing again, 1 TP for short. TVC:USOIL
TVC:USOILLong
by TheHopinionist