Crude oil is currently going through a wave of surges and falls on the weekly trend, but it still maintains its operation on the short-term moving average. Pay attention to whether there will be continued adjustment on the line next week. On the daily trend, the current price has begun to touch near the previous support band, and the downward trend has begun to...
I wanted to bring to your attention the latest trend in the oil market - prices are on the rise due to recent attacks on refineries in Russia. These attacks have caused disruptions in the supply chain, leading to an increase in oil prices. This presents a great opportunity for you to capitalize on this trend and make some significant profits by going long on...
Crude OIl: Daily, Fibs & Indicators . . . Not as bullish as one would think. The move above the daily BB showed why you don't buy above the BBs . . . eventually, you get a correction. 3 days down for oil. The BB midpoint, yellow line, has been a support level for oil and will be interesting to see what happens down there. But, we are at a big resistance level...
WTI Crude Oil has almost reached on Wednesday our 83.50 long-term TP and it is time for us to turn bearish and consider a long-term selling approach. Technically, the 1D chart already almost turned neutral (RSI = 56.205, MACD = 1.310, ADX = 32.453) and hasn't even approached the 1D MA200. We are targeting a decline near the 1D MA50 (TP = 78.00). If the price...
Crude oil has been grinding higher since the December low, but after a 4-week period of choppy trade momentum has turned higher. Whilst $80 has been a tough level to crack in recent week, we suspect a breakout is now on the cards - 200-day MA has provided dynamic support - Falling wedge into 200-day MA - Bullish range expansion out of the falling wedge - RSI...
The current trading price is above 01/08/21 to current average after news of investors turned their attention to middle east crisis and "Chevron Hauls workers out of Iraq" the follow up on this story will give general consent of investors in the DJI stocks and so far the current price is above Average weighting for this segment, Stop loss for safe investing would...
U.S. oil continued to fluctuate and repaired yesterday. The bullish EIA data in the evening failed to bring rebound momentum to U.S. oil. On the contrary, the market retreated to around the 80.8 line in response to technical needs before rebounding. Of course, this period was also affected by the Federal Reserve's interest rate decision. , in the end, US oil still...
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Prices have pulled back after hitting a four-month high of $83 yesterday on Monday. Russia has increased exports in response to Ukrainian attacks on the country's oil infrastructure. Saudi Aramco CEO Amin Nasser has rejected the idea of phasing out fossil fuels, calling it a fantasy. Looking at the daily chart of crude oil, oil prices have fluctuated for about...
price is testing again 81 big horizontal resistance if price breaks this level then it can make inflation fight longer
The release of U.S. EIA crude oil inventory data and the Federal Reserve's interest rate decision may bring external interference to the trend, so U.S. oil needs to be careful in the short term. The bullish tone at the daily level has been locked in. A firm hold at 80 will lay the foundation for medium and long-term bullishness. As long as there are no major...
Crude oil’s weekly support is 79.70, daily support is 79.90, one-hour support is 81.60, and four-hour support is 80.40. Yesterday, crude oil rose from 80.50 to 82.50, and the market currently maintains a bullish trend. Crude oil recommendation today: Go long at 81.60 for U.S. crude oil WTI, stop loss at 81.15, look at 82.80
Crude oil was prompted to go long near 81-81.1 yesterday, and it was also profitable yesterday. So how to trade today? If there is a correction in U.S. oil today and tomorrow, and the retracement below is in the 81.5 and 81-80.7 areas, it can be regarded as an opportunity to enter the market with short-term long orders.
The hourly trend of crude oil began to rise around the opening. In the short term, we will pay attention to the pressure zone around 82.5, where there may be a slight adjustment. I was bullish on crude oil last week. It rebounded slightly after the market opened. Don’t chase higher. You can go short near the pressure level. After adjustment, you can go long.
Crude oil as a whole this week is going through a complex shock rebound. I have previously emphasized that from the perspective of the time cycle, the overall future focus will be on whether the low on the 26th breaks below. If it does not break below, the overall trend will be a shock upward, but we still have to wait for time to break through. This week, it...
The financial market is fair to everyone. Since some people lose money, some people must make money. But if you want to make a profit in investment, there is no shortcut. You can only do your homework seriously every day and accumulate diligently like an ascetic. In addition to providing some investment experience and learning methods, I also hope to find...
The daily K-line of crude oil continues to run above the short-term moving average and continues to maintain a high and strong trend. There is currently no particularly obvious trend in the 4-hour trend. After yesterday's adjustment, it is expected that there will be a rebound trend in the short term. In the small-level cycle trend, after continuous narrow...
Oil has held bull fibs since Feb 1. The 3 previous fibs are documented and highlighted on the chart. We have been in a wide-range pattern for the past couple of weeks, threatening to keep and hold yearly highs, only to fall back down. Now, it is facing it's biggest test in the upmove, with two different saves at the 61.8% line over the last week. Given the...