On Thursday, May 18, crude oil traded around 72.4/barrel; as optimism about oil demand and debt ceiling negotiations overshadowed concerns about ample supply, oil prices rose more than 3% on Wednesday, the largest percentage gain in nearly two weeks . The long strategy of the crude oil strategy 70-70.5 given yesterday is also a perfect stop profit 73, which...
On Wednesday, May 17, crude oil ran around 70.7/barrel; crude oil fell on Tuesday, as weaker-than-expected economic data offset the impact of the International Energy Agency (IEA) forecasting increased global demand, and the United Nations economic outlook report showed a strong recovery in the global economy , the outlook remains bleak ahead of the outcome of...
During the Asia-Europe session on Thursday (April 27), U.S. crude oil fluctuated narrowly near the April low. It is currently trading near US774.53/barrel. Overnight, U.S. core durable goods orders fell more than expected, indicating that corporate equipment spending may still drag down economic growth in the first quarter, and the First Republic Bank continued to...
hello dear traders see this price action ... most of traders know crude oilIt has a moral that it wants to move in a up trend or down trend , it collects the stops bearish or bulish and collect some liqiudity you can set alert in suport zone and ready for buy with your strategy good luck
The short-term rebound of crude oil is under pressure to fall back, and the previous wave of short-term declines will continue, waiting for the rebound to participate in the evening.For crude oil operations, it is recommended to sell at 79.8, with a stop loss of 80.2, and a target of 79.8~78.4. The chart is a 4H chart of crude oil Crude oil's rebound is based on...
On April 18, U.S. oil traded around 81/barrel; crude oil fell more than 2% on Monday, as the dollar strengthened, and investors were considering the possibility of raising interest rates in May, which may dampen hopes for economic recovery. Russia expects oil production to remain stable until 2025, and shale gas production may hit a record high in May, dragging...
Crude oil shock is too strong to operate The fundamentals of crude oil have been better recently, and there has been more news from macroeconomics to the balance of supply and demand.Crude oil maintained a strong volatile trend today. Although EIA crude oil inventories unexpectedly increased slightly, the dollar index fell to near a more than two-month low on...
At the beginning of the Asian market on Wednesday, its transaction volume was close to 81.5/barrel; crude oil was nearly 2 % on Tuesday. After the market hopes to release a key inflation report this week, it may relax the tightening of the policy, but the concerns of demand still exist. In addition, Russia's production is effective, and the exit of marine...
Oil experienced a sharp decline again today, and the EIA data was also unfavorable to oil. Currently, the oil price is close to the support level of 65-63. If this area is breached, the oil price will face the risk of falling to around $50. As far as the current market situation is concerned, I think this probability is not high. Although we cannot completely...
Judging from the trend of crude oil, since crude oil rebounded above 74, the technical bullish signal has been significantly strengthened.However, although the current oil price has returned to the range of the box, on the whole, the current price has basically touched the vicinity of the pressure zone of the previous box shock.In addition, judging from the...
At present, it is in the process of rebounding after a volatile decline, and the short-term trend is relatively volatile. On the one hand, oil prices have initially bottomed out, which is a bit like a sign of inverted V reversal; on the other hand, oil prices seem to be undergoing a correction after breaking the level and falling.At present, the short-term rebound...
Crude oil prices continued to fall today, and are currently trading near US 65 per barrel.On the fundamental level, the supply and demand structure of the international crude oil market is still a small oversupply. Unless OPEC has a significant production reduction, it will be difficult to achieve much growth on the demand side. Although UBS reached an agreement...
There are still concerns about the banking crisis in Europe and the United States in the market. Some investors are even worried about the arrival of a new round of global economic crisis. Moreover, the market is still worried about the oversupply of crude oil, and the future of oil prices is still biased towards bears. It was mentioned in the article shared...
Due to positive data, the oil price continues to rise. Our long position took profit at 76.3. Currently, it seems that there is still momentum for oil to continue its upward trend, with the MACD indicator showing a second bullish crossover on the 2-hour chart. Resistance is near 78.5, so I believe we can continue to enter long positions with a trading strategy...
The crude oil is currently trading around 74.8, with some support visible on the 4-hour chart. In the short term, there is upward momentum observed on the 1-hour chart. As a trading strategy, one can go long near 74.8 and target 76.3, with the possibility of further upside if the resistance at 76.3 is breached. If unable to break through, a short position can be...
The core of trading is not how much profit can be made in a single transaction, but whether one can achieve sustained and stable profitability over the long term. In the previous article, the strategy given for crude oil was to go long at 78.5, with the target at 80.5, and it was a perfect take-profit. Currently, the support level on the hourly chart is at...
Friends who followed my previous article have already sold at the perfect profit point. As expected, the trend is up from 78.5 to 80.5. So, there are still opportunities in the oil market. Personally, I believe that the 1-hour chart will form support around $80 and then continue to rise. It's not far from the buy point now! I will update the specific trading...