Crude oil latest market, signal trend analysis
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Crude oil news analysis: Oil prices fell more than 1% on Thursday as the market weighed macroeconomic concerns, including the risk that the tariff war between the United States and other countries could hit global demand, and the uncertainty brought about by the US proposal for a ceasefire between Russia and Ukraine. In the short term, oil prices may continue to face multiple pressures from slowing global economic growth, escalating trade conflicts, and oversupply. Unless OPEC+ takes further production cuts, the market may maintain a volatile downward trend. Key influencing factors: the further direction of US tariff policy; the IEA's future adjustments to demand growth; whether OPEC+ will adjust production due to market weakness; whether the situation in Ukraine affects the energy supply chain. Although the short-term decline in inventories has some support for the market, the momentum for oil prices to rebound is still insufficient against the backdrop of trade conflicts and weak demand, and the possibility of seeking a break below after low-level fluctuations cannot be ruled out.
Crude oil technical analysis: From the daily chart level, crude oil's medium-term trend remains within a wide upward channel, and oil prices gradually fall back to the lower edge of the channel. There have been many cases where one trading day swallowed up all the gains in the previous week, and the short-selling forces are more dominant. The medium-term trend of crude oil maintains a range of oscillations and downward movement, and the lower edge of the channel has been broken. It is expected that the medium-term decline of crude oil will start soon. The short-term trend of crude oil (1H) continues to be sluggish, consolidating at a low level. The oil price remains unchanged between 68.50-65.20. In the morning, the oil price fell from the high of the range, and the kinetic energy of long and short forces was anxious and frequently switched. It is expected that the trend of crude oil will continue to maintain a oscillating rhythm within the range. On the whole, the rebound is mainly high-altitude, and the retracement is supplemented by low-altitude. The short-term focus on the upper side is 68.3-68.8 resistance, and the short-term focus on the lower side is 66.0-65.5 support.
Trading is risky, and positions should be controlled reasonably. The specific signals are subject to real-time.
There are no unsuccessful investments in the market, only unsuccessful transactions.
USOIL USOIL USOIL
Crude oil news analysis: Oil prices fell more than 1% on Thursday as the market weighed macroeconomic concerns, including the risk that the tariff war between the United States and other countries could hit global demand, and the uncertainty brought about by the US proposal for a ceasefire between Russia and Ukraine. In the short term, oil prices may continue to face multiple pressures from slowing global economic growth, escalating trade conflicts, and oversupply. Unless OPEC+ takes further production cuts, the market may maintain a volatile downward trend. Key influencing factors: the further direction of US tariff policy; the IEA's future adjustments to demand growth; whether OPEC+ will adjust production due to market weakness; whether the situation in Ukraine affects the energy supply chain. Although the short-term decline in inventories has some support for the market, the momentum for oil prices to rebound is still insufficient against the backdrop of trade conflicts and weak demand, and the possibility of seeking a break below after low-level fluctuations cannot be ruled out.
Crude oil technical analysis: From the daily chart level, crude oil's medium-term trend remains within a wide upward channel, and oil prices gradually fall back to the lower edge of the channel. There have been many cases where one trading day swallowed up all the gains in the previous week, and the short-selling forces are more dominant. The medium-term trend of crude oil maintains a range of oscillations and downward movement, and the lower edge of the channel has been broken. It is expected that the medium-term decline of crude oil will start soon. The short-term trend of crude oil (1H) continues to be sluggish, consolidating at a low level. The oil price remains unchanged between 68.50-65.20. In the morning, the oil price fell from the high of the range, and the kinetic energy of long and short forces was anxious and frequently switched. It is expected that the trend of crude oil will continue to maintain a oscillating rhythm within the range. On the whole, the rebound is mainly high-altitude, and the retracement is supplemented by low-altitude. The short-term focus on the upper side is 68.3-68.8 resistance, and the short-term focus on the lower side is 66.0-65.5 support.
Trading is risky, and positions should be controlled reasonably. The specific signals are subject to real-time.
There are no unsuccessful investments in the market, only unsuccessful transactions.
USOIL USOIL USOIL Note
The 68 resistance level mentioned in the article was accurately hit, and the USOIL price fell by more than 15%, and the short traders made a perfect profit.Follow me to learn about the latest news and trading signals of BTCUSD, XAUUSD, and USOIL
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 188.6% per week🎁Success rate is as high as 96.85%. If you want to recover a large loss, leave me a message t.me/BeckLedley Trading entrance: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.