Crude oil prices broke low again before the U.S. market. The daily K-line is bearish and engulfing the market. The real-time price is running below the lower track of the daily Bollinger Bands. Yesterday, all joint support nodes declared defensive failure. This is a carnival for shorts. Taking advantage of the trend, shorting at high levels will be more...
In terms of crude oil, Saudi Aramco said that the current production capacity increase is progressing smoothly. At the same time, crude oil production in Iran and other crude oil-producing countries has also rebounded to varying degrees. At the same time, there are reports that future crude oil demand is expected to decline. Both ends of supply and demand have...
Crude oil continues to sweep, and it is also a time cycle. The direction determined by the US market has the best continuity. It accelerates when it starts, and the range is around 25-30 US dollars. The current price has formed a range similar to an open trumpet, with upper rail resistance 83.7-83.9 and lower rail support 79.0-78.8 So, for today's crude oil,...
This week, crude oil has been running between 80 and 83.2, which is in line with my previous forecast, and I have made very good profits in this range by going short on highs and long on lows. Follow-up focus on whether the yuan oil breaks through the sub-range! If you are confused about trading, please join me, I believe you will have a great harvest!
The important support below crude oil is around 80.8, the upper pressure is 83.5, we are still trading in this range today, and we have a very good profit! If you are confused about trading, please join me, I believe you will have a great harvest!
US Crude Oil New forecast The price perfectly fulfills my last idea and price reached to our first target +70 pip. The price of oil rose and the channel resistance remained above it, showing more upward bias and heading towards achieving more expected gains during the coming sessions, waiting to test the 83.24 level initially. Therefore, the bullish bias...
Today, crude oil is still oscillating between 80 and 83, and continue to pay attention to whether it breaks through this range! Today, we are once again in the range of high short, low and long, harvested a good profit! If you are confused about trading, please join me, I believe you will have a great harvest!
After yesterday's pullback, crude oil continued to rise today to near the pressure level of 83.2, peaking at 83.4, we are trading in this range, and the profit is very good! At present, the price of crude oil is around 82.2, if you can continue to do more after encountering support, in the short term, crude oil is a volatile trend, must grasp the direction of the...
On the weekly timeframe, USOIL has already reversed into a buy, breaking significant structures. I believe it'll keep seeking out buys. The daily time frame confirms that too - with current weakness showing in order to gather liquidity to complete the long move. In terms of where it'll react from - that depends on the structure it breaks. If it breaks (Likely and...
The current price of crude oil is 82.7, reaching the main support position below, and the current price is directly long! If you are confused about trading, please join me, I believe you will have a great harvest!
The deteriorating outlook in Europe has left oil traders wondering whether global oil demand will remain resilient next year. On the other hand, the US third quarter GDP data exceeded expectations and continued to deliver strong economic growth. A higher dollar and an uncertain economic outlook seem to be haunting oil. Oil prices rose on Friday on fears that...
Two scenarios. One Long. One Short. Fundamentals: - Scenario 1 (Orange arrow) Target: Next resistance level (upper red rectangle ). Recent swing top. Requirments: - Monthly close above the orange rectangle. - Higher swings above it Invalidation / SL: - Fall under orange rectangle AND generating lower swings. Time duration: days, weeks,...
HELLO TRADERS,,, As i can see this chart of USOIL it is moving same as we had predicted in our previous analysis Israeli & Gaza War Tensions are driving Gold and Oil prices in bullish trend and we can see a Wyckoff Pattern on the base of technical view the support is holding the price of oil and i am expecting it will boost to the upside for completing this...
Try to catch, a stop below $83 here. We saw the reaction to the last downturn. The next destination is $80, but maybe that's why we'll refuse here, because everyone expects it
Today, crude oil opened lower, after a high of 88.1, crude oil fell in shock. Overall, crude oil is still down in the short term, the operation is recommended to withdraw to near the 85.6 support level, and the above is concerned about the resistance near 88.3-90. If you are confused about trading, please join me, I believe you will have a great harvest!
Crude oil opened at around 87.8 and ended at around 88.2 last week. The overall trend of crude oil last week was bullish. We look at the price changes of crude oil with an upward trend. We can see that the greater the downward adjustment, the more the price increases, and the objective trend enters sideways. To summarize, the current price in the sideways range...
USOIL New forecast The price of oil rose strongly yesterday to exceed the 88.31 level and return to the ascending channel, heading towards achieving more expected gains during the coming period, on its way to visiting the 90.40 and then 91.53 levels as next positive targets. Therefore, the upward trend scenario will remain valid and effective for the coming...