Crude oil prices continued to fall at the opening, and basically returned to the support level around 80.9 as expected to stabilize. Multiple orders have entered the market. Friends who have followed the article's ideas and operations are already making profits. The short-term goal is to look at the high point around 81.7. The price will break through. Continue...
The short-term goal of crude oil price is to stand above the 80 mark, and the price reached the target as scheduled last week. But even if it reaches 80, at present, the crude oil price does not show a short-selling signal Seen from the daily line, the market continued to open, and the price maintained a fluctuating upward trend along the upward channel....
It seems that the given 79 first-line long order has successfully reached the target position. Although the price fell back after a short-term surge, it does not mean that this wave of bulls is over. The U.S. economy performed strongly in the second quarter, and the economic growth outlook is bullish again. Coupled with optimistic demand expectations, crude oil...
In the afternoon, there is eai crude oil inventory data, which is expected to be more crude oil, so it is safer to choose to withdraw before this, in addition, it can be manipulated after the data is released, and the current resistance level of crude oil is 77-80, and the support level is 74-72. Join me and don't let procrastination and hesitation stop you from...
After the continuous rise of crude oil, the top has appeared, and then you only need to maintain the short strategy to make a profit, and the signals have been accurate for two consecutive weeks. Trading plan: USOIL sell@76.5-77 TP: 75-73 The shark trading team will provide a lot of trading strategies every day to make your trading easier and achieve stable...
After finishing the high range at the beginning of this week, the price peaked one hour after the price fell below 70.8 yesterday, and the short-term direction changed from long to short! Before a new bottom pattern appears in one hour, taking advantage of the trend and high altitude is the only trading idea. After the intraday price rebound, you can pay...
We gave a strategy of short crude oil at $73 yesterday, and today we gave a plan to go long crude oil at $70-$70.5 again, all profitable, and then crude oil continues to be long, and if there is a fall, it will enter the market again. Trading plan: USOIL buy@70.5-71 TP: 72-73 The shark trading team will provide a lot of trading strategies every day and provide...
After the opening of today's market, the trend of the market is basically the same as yesterday's market. After the opening of the market, it began to rise after a small decline. In terms of crude oil operation ideas, it is recommended to be short-selling. The upper short-term focus is on the first-line resistance of 71.7-72.2, and the lower short-term focus is...
TVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend. Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed...
USOIL comes to the strong resistance area which is around 63-65$. Based on the price action techniques, the signal for turning the trend to SHORT could be followed. This should be followed by using the price action technique and momentum is so critical here. After this signal has been shown, SHORT could be tried in the following days and the target will be around 54$.
bullish reciprocal abcd pattern. stop and tp are shown on the chart
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Hi traders! I rarely touch USOIL because of the nature of how it trades. In this pair, I'm usually very patient to see confirmed patterns on the daily or weekly timeframe to confirm my analysis. I think that's what I'm seeing now. USDCAD kinds of confirm it also. RSI couldn't be happier to prove us right. USOIL SHORT ENTRY : 49.145 SL : 49.94 TP : 47.25 &...
In the energy sector, we have noticed a possible speculative short on crude oil as we expect oil to depreciate by -1.60% by the next week. In our opinion, sellers might put pressure on the actual price particularly near the intermediate resistance which might limit an upside move to no more than 6.80% from the last daily closing price. USO USO...
From a technical perspective, the oil price has turned quite interesting since the start of a new trading month. The chart below shows the monthly rolling oil contract chart where June’s price action closed in a doji. It gains significance following three straight months of gains. The monthly Stochastics also shows the hidden bearish divergence currently playing...