On Friday (December 15), the price of crude oil traded near $71.90 / barrel in the US market, the depreciation of the US dollar, coupled with the rising market sentiment on the possibility of the Federal Reserve to cut interest rates, and the International Energy Agency (IEA) to increase next year's oil demand forecast, is helping to support crude oil prices. During Wednesday's trading session, the market fell to its lowest point in nearly six months before turning around. Oil prices extended gains from the previous session on Thursday, rising 3 percent, surging on a weak dollar after the International Energy Agency (IEA) raised its oil demand forecast for next year. The IEA raises its forecast for global oil demand in 2024. In its monthly report, the IEA said world oil consumption would increase by 1.1 million barrels per day in 2024, up 130,000 barrels per day from its previous forecast, citing an improving outlook for the United States and lower oil prices. Lower interest rates lower borrowing costs for consumers, which boosts economic growth and oil demand. A weak dollar makes oil cheaper for foreign buyers. The Federal Reserve on Wednesday said borrowing costs would be lower in 2024 and a weaker dollar also boosted crude prices. On Thursday, the dollar fell to a four-month low after the Federal Reserve said interest rate hikes were likely over and borrowing costs would fall in 2024. Oil investors will head into 2024 with strong concerns about slowing economic growth and oversupply, while rising tensions in the Middle East could trigger price volatility.
Crude oil technical analysis: crude oil yesterday strong Yang rebound, the daily double Yang rebound, combined with the weekly line even after falling to the previous low point began to rebound into the cross K line closing signs, from the rebound space, has broken the previous weak. There are signs of bottoming out, constructing a small level of bottom rebound. Yesterday in the 69.50 line to do more successfully swept away the 71.0 target. Today's weekly line closed, after a strong rebound yesterday, today may be accompanied by a second step to confirm support. After the bottom of the 4-hour chart even rebounded, it hit the slight pressure at the upper track of the Bollinger Road, and it is also the resistance of the falling mouth 71.90, which is the previous falling high point, and yesterday's strong recovery but did not stand firm. There is still repeated confirmation in the short term, but 67.70 is a high probability of the short-term bottom support point, around the structure of the bottom rally above 67.70. The hour chart may be accompanied by the second step back, and the operation should be adjusted lower after the step back is stabilized. On the whole, the crude oil opening operation idea next week is suggested to mainly step back low, supplemented by a rebound high, above short-term attention to 73.0-74.0 line resistance, below short-term attention to 71.0-70.0 line support.
Crude oil technical analysis: crude oil yesterday strong Yang rebound, the daily double Yang rebound, combined with the weekly line even after falling to the previous low point began to rebound into the cross K line closing signs, from the rebound space, has broken the previous weak. There are signs of bottoming out, constructing a small level of bottom rebound. Yesterday in the 69.50 line to do more successfully swept away the 71.0 target. Today's weekly line closed, after a strong rebound yesterday, today may be accompanied by a second step to confirm support. After the bottom of the 4-hour chart even rebounded, it hit the slight pressure at the upper track of the Bollinger Road, and it is also the resistance of the falling mouth 71.90, which is the previous falling high point, and yesterday's strong recovery but did not stand firm. There is still repeated confirmation in the short term, but 67.70 is a high probability of the short-term bottom support point, around the structure of the bottom rally above 67.70. The hour chart may be accompanied by the second step back, and the operation should be adjusted lower after the step back is stabilized. On the whole, the crude oil opening operation idea next week is suggested to mainly step back low, supplemented by a rebound high, above short-term attention to 73.0-74.0 line resistance, below short-term attention to 71.0-70.0 line support.
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Last week we were right on all of our oil forecasts and the next week we're going to see oil continue to rise, and we're going to find the right places to buy again good luck to us
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USOIL72.2SELL TP70.5-70 SL72.8
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72.2 sell orders have reached target 71 and we can now proceed to the second sell target 71-70.5 at 72.5
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The stop loss of the second sell order is out, let's continue to observe it and keep the profit held
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Today we had two gold trades, we bought gold in 2017 and they managed to reach our target 2026, then sold gold in 2026 and ended up with a loss in 2028, overall gold was very small today but we also had a good profit. In terms of crude oil, we sold at 72.2 today and finally closed the order at 71, and then sold again at 72.5 and finally closed the order at 72.8. The overall trading rhythm today is not very good, although there are good profits, there is a loss. I hope we can have a better trading rhythm tomorrow to help everyone make more money. You can contact me anytime if you need help
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USOIL 72.2-72.5BUY TP74 SL71.5
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The market is moving every day, we have to make sure that our signals reach more than 90% win rate, we would rather miss the opportunity to make money than have a loss, because the people who follow me may be he is the first day to see my article, I have to be responsible for everyone, I don't want aggressive trading to lead to everyone's loss, so I will buy and sell in the best position. Is that why I keep winning
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Crude oil is starting to rise and is approaching our target
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We crude oil buy orders at 72.2-72.5 The healthy can take profits at 73.7, the aggressive can continue to hold until the target 74
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74Done
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72.2-74Done
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It's been a perfect day. We've had huge gains in both oil and gold. Congratulations
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How's your trading today? I hope you're all right
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We bought oil today at 72.2. They reached our target of 74. We have mastered the range very well. Once again, congratulations to my friends who followed me.
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We bought oil today at 72.2. They reached our target of 74. We have mastered the range very well. Once again, congratulations to my friends who followed me.
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A good day has begun. I hope we can still make more money today. Good luck to us
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Today we need to wait for the buying opportunity after the fall, and crude oil will continue to rise
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73.8-74can buy tp75.5-76 SL73
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Crude oil is rising as we buy orders close to our target currently quoted at 75
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Crude oil 73.8-74 buy orders of steady can be reduced at 75 profit, aggressive can continue to hold waiting for the target
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Our target has reached 73.8-75.3. The next drop to around 73.8 allows us to buy again
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Our target has reached 73.8-75.3. The next drop to around 73.8 allows us to buy again
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Crude oil has once again fallen to 73.6, we told you in advance that you can continue to buy here, and now crude oil has risen to 74.4, congratulations, you have once again made a profit, you can decide when to close them
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Crude oil has once again fallen to 73.6, we told you in advance that you can continue to buy here, and now crude oil has risen to 74.4, congratulations, you have once again made a profit, you can decide when to close them
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Wait for the right place today where we can continue to buy crude oil
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73.5 Bought crude oil orders once again profit now quoted at 74.5,
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USOIL72-72.5BUY TP74-75 SL71
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It's so easy to make money and this market is just sending us money, and it's going back and forth and it's going to keep getting more and more money
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You can see that our trading signals are perfect, if you want to learn how to analyze how they work you can contact me
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You can see that our trading signals are perfect, if you want to learn how to analyze how they work you can contact me
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The last trading day of the week would like to end well
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73.5-73.8 can buy tp75-75.5
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76.8-74.8Done
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sorry 73.8-75 done
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75-73.5 Done
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Merry Christmas to you all
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74-76Done
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Orders to sell crude oil can continue to be held
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TP72 done
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Crude oil is rising rapidly and the orders we bought at 71.8 have started to profit and are currently quoted at 72.6
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A perfect week is over Congratulations to those who followed me this week, you are lucky, look forward to next week's performance, wish you have a good weekend and enjoy the weekend with your family
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A perfect week is over Congratulations to those who followed me this week, you are lucky, look forward to next week's performance, wish you have a good weekend and enjoy the weekend with your family
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A perfect week is over Congratulations to those who followed me this week, you are lucky, look forward to next week's performance, wish you have a good weekend and enjoy the weekend with your family
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This week is Super Data Week, we will plan 200% + profit, good luck to us
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This is the latest article. I hope it will be helpful