Crude oil currently continues to maintain a good oscillatory upward trend along the short-term moving average on the weekly trend. It also maintains a good oscillatory upward trend on the daily trend. Although it has gone out of a slight rise and fall, the strong technical form is still the same.
Nothing has changed. There is a certain degree of divergence in...
At present, due to the intensification of international geopolitical conflicts, market supply concerns have once again heated up. At the same time, manufacturing data in the United States and China have rebounded, and demand-side expectations have increased. The dual benefits on both sides of supply and demand have stimulated the rebound of crude oil....
U.S. crude oil inventories continue to rise, and short-term demand concerns have also increased. However, as expectations for U.S. interest rate cuts have increased, the loose atmosphere has given crude oil some support. At the same time, short-term supply-side pressure has increased as geopolitical conflicts intensify.
Crude oil also stretched again after...
The short-term trend of crude oil (1H) fluctuated and hit new lows, testing the 80 support. The moving average system is arranged in a short position, and the short-term objective trend is downward. Oil prices hit around 80.70, forming a certain recurrence, and their upward strength is relatively weak. It is expected that crude oil will remain volatile in the...
Geopolitics in the Red Sea
Tensions in the Red Sea continue to rise, with Iran issuing yet another warning to the U.S. and its allies before expanding the war in the rich-oil-producing region. The warning follows the deployment of an Iranian warship in the Red Sea after the withdrawal of the USS Gerald R. Ford supercarrier from the waters earlier this month. In...
The potential for an increase in oil prices looms as supply disruptions in Libya unfold. Additionally, heightened tensions in the Middle East, fueled by another attack on a container ship in the Red Sea and explosions in Iran, contribute to the uncertainty. Shipping giants temporarily halted Red Sea shipments last month due to attacks by Houthi rebels, who were...
A few weeks ago, we expressed our bewilderment at the U.S. administration and its handling of the oil stockpiles. Despite oil plummeting below $70 during the summer, officials did not take the initiative to refill the Strategic Petroleum Reserves (also canceling plans to buy oil in July 2023), prompting us to speculate about what trick the administration could...
hello dear trader
wti ready dor next move and there are 2 number on this chart
wti can test PRZ ( fibou extention 1.618 + strong resistance) on 102 near 103
stop loss need for any position
goood luck
Risk 0.5%
TP1 = 1:2 RR
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A...
Crude oil operation strategy:
SELL: 81-81.2
TP1:80.5
TP2:80
BUY:78.8-79
TP1:79.5
TP2:80.5
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Looking at the daily line, the Bollinger Bands continue to open, and the price fluctuates upward along the upper track. The pattern of Si Lianyang basically does not have too many callbacks. The overall trend is relatively strong. It is expected that the callback within the day will not be too large, and a small retracement After...
The main reason why crude oil is bullish is: the three-wave abc adjustment of the sub-level has ended, so the bulls may break through the previous high again. Crude oil pressure 77.90~78.40, support 76.15~75.85.
Hi traders, I think crude oil is going to go down, what do you think?
$76 was our tp point yesterday, and now we can see from the 4-hour chart that there has been no breakthrough here, and it is also a pressure level at present.
So the trading strategy is: short near 76, tp75-74.6
If you agree with my point of view, welcome to pay attention
...
Crude oil opened on Friday from around 69.8 began to shake up to 70.75 line after the shock fell back to 69.4, and then the price continued to shake down to near 69.8 after rising again and broke through 71 to 71.5 after a wave of correction. In the afternoon, the price again shook up to near 71, and next week's operation suggested a pullback near 69.8, a stop...
On Monday, May 22, crude oil traded around 71.2/barrel; oil prices rose and then fell last Friday as House Republicans and President Biden suspended negotiations to raise the debt ceiling, increasing the risk of a default that could cut energy demand; intraday Negotiations on the U.S. debt ceiling have resumed, and Biden and McCarthy will meet on Monday, so pay...
It's worth noting that oil prices early on Wednesday extended the substantial gains from Tuesday, which were driven by brighter inflation figures from the United States and evidence that China taking steps to boost its economic growth.
I hope this information is helpful. Please let me know if you have any questions in your comments.
