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USOIL: Crude oil strategy for MondayCrude oil trend analysis Oil prices held firm on Friday and were on track for a sixth straight week of gains, as Saudi Arabia, the world's second-largest crude producer, extended output cuts and Russia, the world's third-largest crude producer, pledged to cut exports further. On Thursday, Saudi Arabia extended its voluntary oil production cut of 1 million barrels per day until the end of September, and the daily level of crude oil fluctuated at a high level; oil prices returned to above all moving averages on Thursday, and the MACD golden cross signal continued, weakening the short-term bearish signal. Beware of the possibility that oil prices will continue to fluctuate and rise. The initial resistance above is at this week's high point of 82.40. You can also refer to the position near the high point of 82.61 on January 23. For further resistance, refer to the position near the April high point of 83.51. If it can be broken further , it is expected to open up new upside space. As the high "swallowing bearish" signal has not been completely destroyed, the resistance around 83.51 is strong, but before breaking through the recent high of 82.40-83.51, we still need to beware of the possibility of oil price shocks and peaking. The initial support below refers to the 5-day moving average Around 81.39, the 10-day moving average support is currently around 80.45, the overnight low point support is around 78.68, and the 21-day moving average support is currently around 77.72. If this support is lost, the possibility of short-term peaking will increase. Crude oil operation strategy: SELL: 83.6-83.9 TP1: 83.2 TP2: 82.6 BUY: 81.7-82 TP1:82.5 TP2:83
FXOPEN:XTIUSDLong
by ActuaryJ
Crude Oil: Crude Oil Trading Strategies Through the analysis of the weekly chart of crude oil, we know that the last one continued to rise, and it has reached a certain degree of suppression near the previous high point, and the pressure of the important moving average above (83.30). It can be clearly seen from the figure that the funds that reached the bottom area in the early stage are still running in a strong area, and the support of the important moving average below is relatively strong. It has not been broken for several times in a row, and there are funds intervening at the bottom for many times, which has led to a continuous rebound in the past 6 weeks. The short-term bottom The support of 82.0 and 81.30 is relatively strong. In the short term, we will continue to operate at high altitudes and low multiples, focusing on doing long on dips. The specific suggestions are as follows: Crude oil 81.30 and 82.0 are long respectively, Crude oil 83.50 and 85.90 are shorted respectively Continue to update later, everyone can keep up
FX:USOILLong
by Dylan-Jones
Crude Oil: 4/8 Trading Strategies​Crude oil tested highs and fell back to lows yesterday, breaking the previous strong pattern of Lianyang. I mentioned the market after the slow rise of Lianyang, the daily line level: unilateral rise and then fall; after the oil price continued to rise, it met resistance near the strong resistance level and then fell back. The high level is similar to the "hanging man" K line followed by the big Yin line, Formed a bearish top signal, lost the 5-day moving average and 10-day moving average in a row, KDJ high dead cross, the possibility of oil price peaking in the short term is relatively high, and the market outlook is at least facing the risk of further correction. The initial support refers to the low point of July 25 near 78.27 Position, the July 13 high was supported around 77.31, and the stronger support was around the 200-day moving average of 76.59. The 38.2% retracement support of this round of rally is also near this position. If this support is lost, the market outlook will increase Bearish signal. If the oil price can hold the 200-day moving average, there is still a chance for the oil price to fluctuate higher in the middle line; in the short term, the initial resistance refers to the 80 integer mark, and the resistance of the 5-day moving average is currently around 80.71. If oil prices can quickly break through resistance near the overnight high of 82.40, it will add to the bullish signal in the market outlook. Crude oil operation strategy: Rebound to 83-83.2 short, stop 83.7., below the target 81.2. Step back to 80.7-80.9 to do more, stop loss 80.2, above the target 82.2.
FXOPEN:XTIUSDShort
by ActuaryJ
Crude oil analysis, today's long-short range is 81.2~78.2 International oil prices rose to a new high in more than 3-1/2 months yesterday, as API crude oil inventory data showed strong demand in the world's largest energy consumer, the United States, although demand concerns elsewhere limited gains. The latest data from the American Petroleum Institute (API) showed U.S. oil inventories fell by 15.4 million barrels in the week ended July 28, compared with analysts' expectations for a drop of 900,000 barrels. Official U.S. Energy Information Administration (EIA) data released on Wednesday matched that trend and will mark the biggest draw in U.S. crude inventories since 1982. Crude stockpiles elsewhere have also begun to decline as demand outstrips supply, while supply is constrained by sharp production cuts by Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), supporting prices. Saudi Arabia is expected to extend its current voluntary output cut of 1 million barrels per day over the weekend for another month until September. The daily level of crude oil rose unilaterally, and there is still a chance to go higher in the short term. Continue to pay attention to the resistance around the high point of 82.61 on January 23 and the high point of April 83.51. If the resistance around 83.51 is effectively broken, it is expected to open a new upward channel in the middle line , The midline target is expected to look around the 90 mark. Crude oil operation strategy: rebound to 80.8-81.2 empty, stop loss 81.5., below the target 79. Crude oil operation strategy: step back to 78.2-78.5 to do long, stop loss 77.8, target above 80.
TVC:USOIL
by ActuaryJ
Crude oil: Crude oil unexpectedly fell, but there is still a new From the online point of view, there are signs of closure. The price has retreated sharply after encountering resistance near the upper rail. At present, it can only be regarded as an adjustment during the previous rise. The price will not just go down directly. It is expected that the short-term will be around 80 The dollar is consolidating around. With an opening in 4 hours, a big negative line directly fell below the first-line support of the middle rail, and it is currently stabilizing near the lower rail. The short-term price may test the low point of last night again. It is necessary to pay attention to the support at this position. If it can hold, then the short-term The price will have a chance to rebound again. The operation idea is to look at a wave of rebound after the price retraces and stabilizes. Operation strategy: call back the 78.3-79 area to do long, stop loss at 79.6, and target 81 to short Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up
FX:USOILShort
by Dylan-Jones
1
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsWelcome back to our weekly US Oil market analysis! Oil prices have been on a remarkable upward trend, extending their gains for a fifth consecutive week. The rally has been driven by perceptions that supply is increasingly tightening in comparison to demand, although recent US government petroleum data has only marginally supported this notion. Despite the impressive gains, signs of strain in the rally are starting to emerge. Throughout July, US Oil prices surged by an astonishing 14%, capturing the attention of investors worldwide. As we approach the next OPEC+ meeting, scheduled for next Friday, the bulls are eagerly anticipating further discussions on production levels that could potentially propel prices to new highs. In this video, we'll delve deep into the factors influencing the current Oil market dynamics and explore the possible scenarios that lie ahead. As traders, it's crucial to stay well-informed and prepared for all potential outcomes. US Oil Technical Analysis: In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead. Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis. Unlock the secrets of the oil market's evolution and be at the forefront of every profitable move. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
1
Crude oil: we continue to pay attention to 80 The short-term goal of crude oil price is to stand above the 80 mark, and the price reached the target as scheduled last week. But even if it reaches 80, at present, the crude oil price does not show a short-selling signal Seen from the daily line, the market continued to open, and the price maintained a fluctuating upward trend along the upward channel. Although there was a process of callback and rest in the middle, the overall callback range was not very large. Basically, they stepped out of new highs and stepped back to confirm the rise again, so it was big The direction is still dominated by callbacks. In 4 hours, the price encountered resistance near the upper rail and retreated. The price basically moved between the upper rail and the middle rail. The lower middle rail 80 area is supported. Pay more attention to above 80 Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up
FX:USOILLong
by Dylan-Jones
The Impact of a Deluge of US Crude on the World's Key Oil Price Over the past few years, the United States has experienced an unprecedented surge in crude oil production. This surge has turned the country into a significant player in the global oil market, creating a deluge of US crude that has profoundly impacted the world's key oil prices. Traditionally, the world's key oil price was heavily influenced by the production decisions of OPEC and Russia, as they held significant control over global supply. However, the surge in US crude production has disrupted this status quo, introducing a new player with substantial production capabilities. The influx of US crude has created a more competitive market, increasing supply and driving down the world's key oil price. This development has been welcomed by consumers globally, as it has translated into lower fuel costs and reduced inflationary pressures. However, it has also presented challenges for oil-producing nations heavily reliant on oil revenues to sustain their economies. While this deluge of US crude has brought about positive outcomes regarding affordability and accessibility, it is crucial to consider the long-term effects on oil price stability. As traders, we are responsible for assessing the situation and engaging in proactive discussions to ensure a balanced and sustainable market. Therefore, I invite you to join me in contemplating the following question: Could the ascent of oil prices slow down to a more stable pace? By encouraging thoughtful dialogue and sharing insights, we can collectively work toward a solution that benefits all stakeholders in the oil market. I urge you to share your thoughts, ideas, and concerns regarding the current state of the global oil market. Let us foster an environment of open exchange where we can explore potential strategies to mitigate excessive volatility and promote a more balanced oil price trajectory. Together, we can make a difference in shaping the oil market's future and ensure its stability for years to come. Please feel free to comment with your valuable insights.
TVC:USOIL
by bryandowningqln
Crude oil: test the 80 level again It seems that the given 79 first-line long order has successfully reached the target position. Although the price fell back after a short-term surge, it does not mean that this wave of bulls is over. The U.S. economy performed strongly in the second quarter, and the economic growth outlook is bullish again. Coupled with optimistic demand expectations, crude oil prices may continue to maintain a strong trend in the short term. However, it should be noted that the recent extreme weather in the U.S. will limit the increase . From a morphological point of view, the short-term price will form a oscillating trend around 80. In the short-term, we need to pay attention to the first-line support of 78.8-79 below. The callback stabilizes, and more orders can enter the market. Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up
FX:USOILLong
by Dylan-Jones
Potential Decline in Brent Crude Oil MomAs you may be aware, technical indicators such as the Moving Average Convergence Divergence (MACD) and Stochastics have been widely used by traders to gauge market sentiment and identify potential trend reversals. In the case of Brent Crude Oil, these indicators indicate a possible decline in momentum. The MACD, a trend-following momentum indicator, shows a bearish crossover, suggesting that the short-term moving average is crossing below the long-term moving average. This occurrence is often seen as a signal for a potential downward trend. Similarly, the Stochastics oscillator, which measures overbought and oversold conditions, indicates that Brent Crude Oil is approaching overbought levels, implying a possible price correction. While it is important to note that technical indicators are not infallible and should always be used with other fundamental and technical analysis tools, converging these signals warrants careful consideration. Monitoring the market closely and exercising caution in trading might be prudent. It is worth mentioning that various factors can influence the oil market, including geopolitical events, supply and demand dynamics, and global economic conditions. Therefore, it is crucial to maintain a comprehensive approach to trading and consider multiple perspectives before making any significant decisions. Please note that this idea is intended to serve as an observation and should not be considered financial advice. As a seasoned oil trader, I trust your expertise and judgment to evaluate the situation and make informed decisions accordingly. If you have any questions or want to discuss this matter further, please do not hesitate to reach out in the comments.
OANDA:BCOUSD
by bryandowningqln
USOIL: 70-line long-short competition, today's analysisToday is the weekend and the last trading day at the end of the month, and the volatile market will be relatively large in the future But I predict that there is a high probability that oil prices will stabilize at $70 today Analysis: At present, continue to pay attention to the middle track of the hourly line. As long as this position is not broken or the big Yin line is lost, the shock will continue to rebound. Channel guidance, the upper track can point to 71.4; next, pay attention to 70. I have not been able to stand on it effectively in the past few days. Is an opportunity to continue bullish; there is such a trend now Let’s talk about the small probability event. The oil price stepped back on the 69 line and touched the bottom channel line. After adjustment, it is pulling up. Since today and Friday will be affected by a lot of unstable data, it is best not to save the crude oil position reduction operation until next week!
TVC:USOILLong
by ActuaryJ
USOIL is poised to reach $71.63International oil prices were basically stable this Friday, and the U.S. index rebounded from a more than one-month low, limiting the rise in oil prices. Oil prices snapped a two-week losing streak on optimism over rising energy demand in top crude importer China. The upper pressure level of crude oil is 71.63 US dollars. The data released on Thursday showed that the number of Americans filing for unemployment benefits last week was higher than expected, and the U.S. industrial production unexpectedly fell by 0.2% in May, causing the U.S. dollar index to plummet by nearly 0.9%. However, U.S. retail sales unexpectedly rose in May, and the U.S. index rebounded after hitting a low of 102.043 since May 12 on Friday. Data released on Thursday showed that China's refinery throughput in May increased by 15.4% year-on-year, the second highest in history. The chief executive of Kuwait Petroleum Company said that China's demand for oil is expected to continue to climb at a confident pace in the second half of this year. Analysts also expect the latest production cuts announced by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) in May and further voluntary cuts by Saudi Arabia in July to support prices. Still, markets are struggling to shake the panic as the global growth outlook remains vulnerable to further shocks from aggressive rate hikes. The European Central Bank raised interest rates to a 22-year high as scheduled overnight. The Fed said this week that it will raise interest rates by at least 50 basis points by the end of the year. Higher interest rates end up increasing borrowing costs for consumers, which could slow economic growth and reduce oil demand. On the hourly chart, oil prices have started an upward trend from US$68, and the upper resistance is looking at the 100% target at US$71.63.
TVC:USOILLong
by ActuaryJ