Through the analysis of the hourly chart of crude oil, we know that the last trading day first fell, then rose and then fell. The pressure that reached the middle track of the Bollinger Band above was blocked and fell back. We can clearly see from the picture below that the main bulls continued to intervene in the bottom area of the market. , in the short term,...
There has been a lot of fundamental news in crude oil trading recently, with hospitals and schools in Gaza being bombed, and Iran calling for an oil embargo. Why haven’t oil prices exploded? Three major factors indicate that oil prices are in a storm! 1. OPEC+ has no plans to hold a special meeting and take immediate action. Judging from OPEC+'s recent...
But black gold What is 100% clear and certain for me is that there is no seller in the upper price levels and the price level of $130 is empty of heavy sellers and oil has a target of $138. But until the price reaches 138 dollars, many ups and downs are possible, because the weekly price structure is currently downward and the price has made a PA in the range of...
In the more immediate term, EASYMARKETS:OILUSD accumulates a large oversold position. In the August/October period of this year there was a clear bearish divergence between the RSI and prices, which together with the proximity of the top of the bearish channel presaged a price correction. This has been the case. The proximity to the 200-session EMA ...
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...
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...
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This week there has been a trend of complex shocks and rebounds. Last week, 73.8 was supported and then this Monday broke through 77.35 for a further rebound. Overall, the promotion of various factors has caused the price increase. On the whole, I think crude oil is still volatile and upward, and it is expected that such a shock will rise until Tuesday to...
This week there has been a trend of complex shocks and rebounds. Last week, 73.8 was supported and then this Monday broke through 77.35 for a further rebound. Overall, the promotion of various factors has caused the price increase. On the whole, I think crude oil is still volatile and upward, and it is expected that such a shock will rise until Tuesday to...
Free signals are updated daily. 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...
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,...