Oil fell below the important support range of 71.7-72 Usoil:sell71.7-72 TP:71.3-71 SL:72.2 Follow the trend and trade, join me and I will continue my analysis
USOIL is currently near the key resistance level. If it can break through here, it will have the opportunity to form a head and shoulders bottom pattern, and then there is a high probability of reaching around 76. But if there is no strong breakthrough here, the head and shoulders pattern will fail, and it is highly likely that the support near 72 will be...
Traders this week must contend with both declining liquidity and potential tensions caused by Yemen's Houthi rebels. If the shipping crisis in the Red Sea region persists, it will not only provide some support for WTI crude oil prices this week, but also create opportunities for speculative buying. Traders will need to be cautious about risk management this week...
International oil prices rose. Originally affected by the increase in U.S. crude oil inventories, oil prices first rose and then fell. However, the risk of interruption of the Red Sea transportation channel still provided support for oil prices, helping to keep oil prices above the 21-day moving average. Yesterday, the market rose first and then fell as expected,...
The European Commission initially wanted to ban the sale of used tankers to Russian entities or their use in Russia, as well as the sale of used tankers to entities that could use these tankers to circumvent ceilings. G7 oil prices, but this provision has been canceled. One of the sources said Mediterranean countries with powerful shipping lanes fear the measures...
Crude oil (USOIL): Crude oil opened at 69.7 today and rose by 7 US dollars in the morning. Yesterday, we planned to go short near the daily pressure of 70. In the afternoon, it broke through the 70.4 line and stopped falling at the 68.8 line in the evening. We successfully made a profit, but It did not fall to my ideal point of 68, but has since rebounded and...
Crude oil (USOIL): Crude oil broke the bottom yesterday and stopped at 69.1. It opened at 69.2 today and rebounded at 69.8 in the morning. The trend is not much different from the morning trading of the previous two days, and the trend continues to be bearish! The Japanese K has fallen for five consecutive times, and the short sellers have almost reached the...
After this sharp rise, the 1h chart once again showed a top divergence, with supports located at 2039, 2031, and 2023. The market is very close to the high of 2076, so long transactions should be cautious. My trading today will be mainly short positions. At the same time, some will be reserved for waiting around 2020. If your account has enough margin, you can...
Oil is currently priced at 74.245 to buy a large amount. Make money with me. 75.5-76TP
Last week, the momentum of crude oil has weakened, and next week will focus on the Opec meeting, which is mainly short before the meeting! This week's profit is less, I will layout after waiting for the big trend!
EIA released nearly two weeks of inventory data, a cumulative increase of 17.5 million barrels, more than expected accumulation led to a rapid decline in the disk, of which crude oil inventories reached 439 million barrels in the week of November 3, a higher since August. In addition, the market expects Saudi Arabia to extend production cuts until January next...
TVC:USOIL FX:USOILSPOT Before we predict the next week, let's take a look at the trend of the oil chart. 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 this uptrend fails, the price will reach lower targets below 77$. ✌💥If you are satisfied with my analytical...
Crude oil continued to fall yesterday, from Friday to the present 4 even negative, down nearly 1000 points, yesterday's rebound space is slightly smaller, yesterday's rebound near 77.5 pressure, the European and American trading fell to a new low to 74.9, the daily line is in the bearish down, the day's rebound is the opportunity to empty, bearish not chase...
Oil, I have been reminding that it is a downward trend. After falling below the important support of 80 yesterday, it accelerated its decline, reaching a minimum of 76.5. Now that the trend has appeared, follow the trend and wait for the intraday rebound to sell.From a technical point of view, the unilateral suppression points of the daily line are 77.8, 78.3,...
Crude oil 85.5 support line to earn the pressure line, we rely on this pressure level to continuously short the harvest of nearly 20 points of profit, the subsequent recommendation to end the short order, withdraw to 82.5-83 to convert long! If you are confused about trading, please join me, I believe you will have a great harvest!
USOIL New forecast Oil price trading stabilizes below the broken support of the main ascending channel, so that the bearish corrective trend scenario remains valid and effective for the coming period, remembering that our expected target is at 84.81, breaking which represents the key to rushing towards 82.00 as the next main station. From here, we are awaiting...
This week ended perfectly, earning 50,000, exceeding the expected target, the main reason is to seize the opportunity to fall all the way, continue to maintain next week, I wish everyone a happy weekend! If you are confused about trading, please join me, I believe you will have a great harvest!
WTI crude oil has fallen in five of the past six trading days, falling by more than 13%, giving up all gains since September. Oil prices have now fallen back to key support near $82.0. The U.S. non-farm payroll data for September will be ushered in today, and short-term fluctuations in oil prices are expected to further intensify. Looking at the daily chart of...