In the near future, the bulls' strong dividing line focuses on the 82 mark, and the daily line level stabilizes above this position. It is recommended to continue to keep the bulls' strong form unchanged, as long as you step back, it is an opportunity to go long.
Unilateral rise; oil prices have continued to rise since the end of June, and are currently encountering strong resistance near the April high of 83.51 Unilateral rise. Oil prices have continued to rise since the end of June. At present, they have encountered strong resistance near the April high of 83.51, breaking through 83.5. The top short-term focus is on...
WTI Crude Oil / USOIL is trading inside a Channel Up with the price reaching its top. The Higher Highs trend line is technically the lowest risk sell entry, as long as it holds. Every pull back inside this formation has been at least -4%. Sell, aiming for a similar decline, targeting 81.20. Follow us, like the idea and leave a comment below!!
As a trader, it is crucial to approach these developments cautiously and consider their potential implications on oil prices. Firstly, it is worth noting that the oil market has experienced a cooling effect in response to the Federal Reserve's decision to raise interest rates. Historically, such rate hikes have led to a strengthening of the US dollar, which in...
Recent technical analysis has revealed a bearish signal as the Exponential Moving Average (EMA) 50 has crossed the Fibonacci .618 level, indicating a potential downward trend in oil prices. Technical indicators serve as valuable tools to assess market movements and make informed investment decisions. The EMA 50, in particular, is widely recognized for its...
Recently, the Organization of the Petroleum Exporting Countries (OPEC) released a groundbreaking report that sheds light on the promising future of the global oil market. The report highlights the continued surge in oil demand from two of the world's fastest-growing economies, India and China, well into 2024. This revelation opens up opportunities for us to...
As an astute investor in the oil industry, I wanted to bring to your attention a recent development that could potentially affect the price of oil. The current state of the US economy, which has been exhibiting signs of slowing down, has the potential to cast a shadow over the oil market. Over the past few years, the US economy has been a driving force behind...
WTI Crude Oil reached the bottom of the 10 day Channel Up. The RSI (4h) indicates that we may be at a bottom level similar to May 15th. Trading Plan: 1. Buy on the current market price. 2. Sell at 73.50. Targets: 1. 73.50 (MA100 1d). 2. 67.00 (Support 1). Tips: 1. The RSI (4h) gives the strongest buy signal after it crosses under the 30.00 oversold level....
The price of oil has taken a significant hit due to China's decrease in demand. As we all know, China is an essential player in the oil market, and any rate changes can significantly impact the industry. This news is disheartening. We have seen oil prices drop dramatically recently, leaving many investors uncertain about this market's future. However, I want to...
As you may have noticed, oil prices have recently ticked up on bargain hunting, but demand worries continue to weigh heavily on the market. While this may seem like a good investment opportunity, I urge you to exercise caution. The global pandemic has caused unprecedented disruptions in the oil industry, and the future remains uncertain. Demand for oil is likely...
According to the International Energy Agency (IEA), OPEC+ may push up oil prices, but China remains the most essential factor in the market. As we all know, China is the world's largest oil importer, and any changes in their demand can significantly impact global prices. With their economy recovering and demand increasing, now is the perfect time to invest in...
Today's crude oil income of nearly 7000USDT, the morning I gave a callback after the signal to do more, to help friends make a lot of money. Join me! Hesitation and procrastination will only affect how quickly you can make money!
Continuous pressure was formed above crude oil near 73.7, and it stabilized near 70.6 yesterday, forming an uptrend line support in the short term, then the crude oil pattern fell into a closing triangle, and the short-term aspect is not clear. , The future market still needs to pay attention to the strength of the breakthrough in the 73.7-69.4...
Through the analysis of the hourly chart of crude oil, it is learned that the previous trading day rose first and then fell to a new intraday high and then fell all the way back, and we successfully sniped from the high position to make huge profits. Crude oil closed the DOJI on the last trading day, and the doji after the negative line closed. The short-term...
Yesterday's crude oil was relatively tragic. I believe that many people were trapped, and even many friends have already exploded their positions. The market is really ruthless, but we must have a reasonable strategy to deal with it. The bears of crude oil continued their efforts on Wednesday. The unexpected trend directly tested the previous low. At present, it...
Price Range Projection: Weekly High: ~ $86.58 Weekly Low: ~ $82.818 In the chart above, you can see the price on the 3-hour timescale, along with a fixed range volume profile. Weekly High Projection The fixed range volume profile (the horizontal histogram) is an indicator that can be used to show resistance and support levels. The red horizontal line in the...
There is a probability that oil will get down around the support 45 . AFTER BREAKING WITH POWER THE SUPPORT OF 70 and if it wasnt strong enough . we could see it on 35
After the recent bankruptcy of Bank of America, the pessimism of global investors lingered, and the increase in API crude oil inventories was greater than expected. It is expected that oil prices will still be at risk of further decline in the future. In the trend of crude oil, the short-term decline continued during the day. The current lowest point during...