Bullish backdrop due to lower production and bullish technical factors.
Last Friday there was a unilateral rise of more than 20 points, which is not large in terms of magnitude. After all, the one-day fluctuation in previous years was 30 points. Crude oil prices have been rising for 3 consecutive months. I think that in The price will usher in a correction this week. There will be a certain degree of decline. Share free trading...
Since I expressed my opinion, I have published a total of 3 articles, all of which have ended in profit. The winning rate currently remains at 100%. I hope it can continue to be maintained and point out a clear direction for everyone. Recently, crude oil has been fluctuating within the range of 86.10-87.9. This oscillating trend has lasted for several days, and...
It's time to buckle up and get ready for an exhilarating ride as we witness the recent developments that are set to fuel our profits. 📈 I am thrilled to share the fantastic news that Russia and Saudi Arabia have just announced their decision to extend the supply cut until the end of this year. This strategic move is expected to significantly boost oil prices,...
Introduction: We've got some exciting news to share today - oil prices are soaring to new heights as supply cuts persist! The black gold is inching closer to the $86 mark daily, and we couldn't be happier. So, prepare to seize this golden opportunity and long oil like never before! The Rising Tide of Oil Prices: In recent months, we've witnessed a remarkable...
Introduction: Recently, the global oil market has been experiencing significant fluctuations due to a combination of factors. The economic slowdown in China and the increased oil production in Iran and Venezuela have led to a drop in oil prices. As traders, it is crucial to approach this situation cautiously and explore opportunities to take advantage of this...
The daily line of crude oil shows that 84 is a strong resistance to the rise. If it continues to break through 84 then crude oil will continue to rise. On the contrary, if it can remain unchanged at the current resistance position. Crude oil will drop slightly. So I think you can go short crude oil near the resistance position...
Looking at the daily line, the Bollinger Bands opened, and the price has always maintained a sideways movement near the upper rail. The direction is dominated by bulls. Before there is a short-selling signal, we will not consider short-selling orders to enter the market for the time being. Yesterday’s callback is also holding 75 first-line important support,...
Based on the H4 chart analysis, we can see that price is falling to our buy entry at 69.44 which is an overlap support. Our take profit will be at 71.30 which is an resistance level. Stop loss will be at 67.56 which is just slightly below 78.6% Fibo retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’,...
As you may be aware, recent market conditions have created a tight physical market for oil, presenting a promising landscape for traders like us. The sentiment surrounding oil has been significantly impacted by various factors, including the slow growth of the Chinese economy and the aggressive rate increases implemented by the Federal Reserve. These...
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 are likely aware, the oil market has been experiencing a significant drop in prices in recent weeks, and this warning serves as a reminder of the potential risks involved in short selling during times of volatility. Furthermore, we are also waiting for China's announcement of interest rate cuts, which could further impact the oil market. It is essential to...
There is some exciting news about the oil market that I believe will pique your interest. As you may already know, China's refinery output grew by a whopping 15% in May, which has contributed to a surge in demand for oil. Additionally, OPEC+ decided to cut supply in May, and Saudi Arabia has announced that it will cut supply for July due to a supply deficit in...
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.
I wanted to bring to your attention some recent developments in the oil and financial markets. Specifically, there are concerns about the impact of upcoming signals on the U.S. economy and monetary policy. This week, we expect U.S. consumer inflation data to be released on Tuesday, which will likely factor into the Federal Reserve's decision on interest rates on...
Crude oil is currently basically falling below the previous high volatility range on the daily line, and the daily trend continues to be weaker, and there is a certain uncertainty in the EIA data market in the evening. At present, the space for continuing to decline after a continuous low sideways trend is not particularly large, and the current price has...
Looking at oil and gold as they enter major zones. the idea is to be patient and be ready for a trade set up going into tomorrow
As we mentioned in our previous chart about USOil that it's heading towards its resistance and boom Straight drop from there hitting all our Targets 🎯🎯🎯