Recently, oil has been fluctuating in the range of 80-83.1, so we will treat it as a range fluctuation for the time being and wait for the trend to come out. In range fluctuations, you can wait for the upper edge of the range to sell, or you can wait for the lower edge of the range to buy, and control your position. If the range is exceeded, strictly SL Join...
The news is likely to boost oil prices. Geopolitical factors have affected oil reserve inventories. Oil inventories this week will be significantly lower than expected. leading to increased market demand In terms of trend, there is a certain degree of over-rising behavior in the market, but the trend is still a bullish trend. If the price falls back to the low...
Oil prices are sliding nearly 2% on Friday with the United States hitting fresh highs in Oil production, added with Iraq announced the reopening of a refinery that was closed for a decade and amid expectations that OPEC+ countries won’t opt for big production cuts. President Of Rapidan Energy and former White House official Bob McNally said that OPEC+ said on...
Ahoy, fellow trader! 🌟 Let's set sail on the high seas of oil trading, where the winds of fortune blow and the waves of volatility crash. 🛢️ **USOIL** (that's WTI Crude Oil for landlubbers) is currently dancing around the **$83** mark like a tipsy sailor at a tavern. 🕺 The resistance levels are like stubborn portcullises guarding the treasure chest: **$83** and...
As the four major inventories continue to decrease. U.S. oil continues to rise. WTI quotation as of closing: 79.153 U.S. API crude oil inventories for the week to March 8 (10,000 barrels) (-5.221 million barrels) U.S. EIA Cushing, Oklahoma crude oil inventories for the week to March 8 (-1.536 million barrels) EIA crude oil inventories in the United States for...
On the negative side, sources said that + next week’s meeting is unlikely to make any changes to oil output policy, and the latest data showed that API crude oil inventories increased by 9.337 million barrels, which has revived demand concerns. From a technical point of view, crude oil is trading sideways, and you can sell high and buy low. as the picture...
Crudeoil above 6900 may see near 7000 Above 7000 it may see 7200 Overall trend is upside on 1 hour time frame This chart is only for educational purpose
Looking back at yesterday's trend, the USOIL market remained in the range of 81.7-82.4 throughout the day. This is a narrow range for oil prices. The competition between the long and short parties in the market is fierce. until closing. The bears broke the deadlock. News side: The API announced a significant increase last night, with U.S. API crude oil...
Crude oil technical aspects Daily resistance is 82-83, support below is 80.2 Four-hour resistance is 81.5, support below is 80.2 Crude oil operation suggestions: Crude oil prices are facing certain selling pressure. From the daily chart level, oil prices have fallen back and adjusted after reaching a new high of 83. The strength of its pullback is limited. Pay...
The weekend was marred by rising tensions in the Middle East and between Russia and Ukraine, raising concerns about tight global supplies. The recent bullish trend of crude oil, the short-term correction is currently supported at the 80.8-80.5 support level As shown in the figure, today's callback can be mainly long. Strategy suggestion: You can buy long...
Crude oil experienced a short-term correction as Russian government-ordered curbs on oil production and attacks on Russian and Ukrainian energy infrastructure offset U.N. demands for a ceasefire in Gaza. The bullish signal given yesterday was also in line with expectations. You can still continue to go long after today's correction. As shown in the chart,...
usoil buy81.2-81.4 tp82-82.3 sl80.5
USOil exhibits a break of market structure on the 4-hour timeframe. We anticipate a retracement towards the 61.8% Fibonacci level, presenting a potential long entry opportunity. Set stop losses below the previous swing low and target the previous high.
Let’s first look at the support in the 80.5-80.2 range. If the support is valid, go long. The indicators are now more favorable to shorts, with resistance around 81.3. If it falls below 80.2, there will be a small rebound, but 80.5-80.8 will become strong resistance, so the risk of shorting is smaller and the profit opportunity is greater.
The rise in crude oil has ended, and $82 has become the end point of this rise. We will continue to short crude oil, currently focusing on $76 I send accurate signals every day while providing the most professional guidance!
The rise in crude oil has ended, and $82 has become the end point of this rise. We will continue to short crude oil, currently focusing on $76 I send accurate signals every day while providing the most professional guidance!
USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced, and a bearish reversal could occur at any time. Trade cautiously, prioritize risk management, and remember – this is not financial advice.
I posted a trade idea a few moments ago, this is the video explaining my idea. There are important points in the video that are noteworthy. USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced,...