The crude oil market is currently at a crossroads, balancing geopolitical tensions in the Middle East with economic factors and policy speculation. Although oil prices fell in early Asian trading on Wednesday, they surged more than 2% earlier this week to reach their highest level this month. Inventory reports further affected the market outlook. Forecasts show...
Crude oil experienced a rapid surge this week, breaking through $76 per barrel only to quickly decline to $74. Market volatility has been significant, but I anticipate a renewed uptrend after testing the support at $73. If your orders are currently in a loss position, there is an opportunity for profit in the near future! If necessary, please provide me with your...
The crude oil has exhibited an upward breakout trend. I am currently taking a long position, aligning with the prevailing trend. The previous resistance at $75 has now turned into a support level. I am initiating a long position in this area today. usoil buy@75-75.3 sl:74.3 tp:76-76.5 With a track record of signaling for an entire month, achieving an accuracy...
Angola said it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group's efforts to support prices by limiting global supply. In the 4-hour chart, after falling below the middle track and back-testing the lower track, it holds the sub-low and rebounds above the lower track to regain the middle...
Today crude oil sold according to the recommendation I gave in the morning, and then fell 200pips, But it should be noted that it did not fall below the previous low. Therefore, the market outlook does not rule out another breakthrough after sideways consolidation, hitting the 76 high point I talked about on Monday and Tuesday. But no matter what, on the 4H chart...
US CRUDE OIL New forecast Oil price is trading positively, breaching the 74.41 level and trying to hold above it, providing signs of building an upward wave during the coming sessions and heading towards achieving gains starting at 76.77 level and extending to 78.97 level , so that the upward bias is likely for the rest of the day. Therefore the upward...
Crude oil (USOIL): Crude oil also showed the same picture as my analysis yesterday, falling first and then rising. Today's opening is at 74, with an amplitude of $3 in the morning. It's not promising, and the amplitude is smaller than gold! The daily chart has risen for five consecutive days. Visually, the downward trend has ended, and a new round of bullish trend...
Yesterday, the conflict in the Red Sea region of the US market escalated, and a cruise ship incident occurred, so gold and crude oil rose sharply. However, the biggest impact of this incident was on energy, and the impact on gold was limited, So, crude oil breaks through the technical suppression of the 4H mid-track and continues the upward trend. On the weekly...
This morning, I issued a buy signal for crude oil at 72-72.5, and it successfully reached the target level. The ongoing downtrend continues to present buying opportunities. I will consistently deliver accurate signals, so don't miss out. With a month-long track record of signal delivery, boasting an accuracy rate exceeding 95%, my market analysis is sufficiently...
Crude oil witnessed an increase on Monday, breaking through $73.5 before experiencing a subsequent decline. Despite significant market volatility, the likelihood of another upward movement remains higher. It is advisable to continue going long and follow the trend. USOIL: Buy @ 72-72.5 SL: 71.2 TP: 73.2-73.5 Signals have been consistently sent for a month with...
TVC:USOIL TVC:DXY Hello Traders. Let's continue our analysis of USOIL. Before we predict next week, let's take a look at oil chart's trend along with the DXY index. The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285) ...
Looking at the four-hour trend, crude oil is still running in a downstairs structure, with the upper resistance at the 72.8-73.4 area. Only a further breakthrough can change the overall trend. However, because crude oil has a large V-shaped reversal at low levels, bulls still take the initiative in the short-term trend; the short-term watershed between long and...
In the 4-hour chart, a consecutive positive rebound broke the weak decline and returned to the mid-track shock. Judging from the closing situation of the K line, the short-term rebound is still strong. The hourly chart rebounded based on the downward test of 67.70, and stabilized the upward trend from 69.50. The 4-hour chart reversed the weakness. In the short...
With the EIA data today, the market is bound to experience significant fluctuations. From the current point of view, I think the probability of an upward trend is relatively high, so my trading strategy is to go long. During this process, since the fluctuations will be very large, you must do a good job in risk management and never let your transactions bear...
According to Downtrend channel To The end of Impulsive Wave To fibonacci Retracement
Usoil Formed Head & Shoulder selling formation. Sellers can enter for Long term Selling side. Safe Traders can exit in Target 1 and can renter at retesting zone.
Yesterday, the market rose first and then fell in the evening. It once reached the 69.10 line below and is still rebounding slightly. Now there is a desperate counterattack signal at the 69.10 line. It is expected that a rebound is about to happen. It depends on the strength of the short-term rebound. The short-term general direction remains unchanged. In the...
As Opec + delegates announced, the second foreign Opec + production cut in the first quarter of 2024 will be voluntary. Crude oil fell sharply close to 500 points, then hit the channel support line began to rebound, the current rebound is close to 150 points, multiple can continue to hold! If you have any questions about the transaction, you can contact me and I...