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Crudeoilanalysis

Crude oil trade rise and fall analysis On Friday, during the European trading session, WTI crude oil prices fell slightly. WTI crude oil futures experienced modest gains during the Asian session after Israel attacked Iran, initially surging 3% but later giving up most of those gains. The escalation briefly raised concerns about potential supply disruptions, but those concerns faded as the situation developed as it became apparent that there was no immediate threat to oil flows. WTI crude oil has fallen 6.5% from last week's 2024 highs, despite ongoing tensions in the Middle East and important U.S. economic data that cannot be ignored. The short-term outlook for oil prices is bearish, driven by high global inventory levels and lower immediate impact of tensions in the Middle East on supply channels. While markets remain wary of geopolitical escalations that could disrupt supply routes, the current supply glut is likely to depress prices. Investors should remain vigilant and pay close attention to geopolitical developments and strategic policy changes that may affect market conditions. Today's price surge and then rapid reversal points to the presence of bears, putting further downward pressure on WTI crude oil futures. Clearly, traders are selling on the rallies and this selling is likely to continue as long as demand issues persist and there are no offsetting supply disruptions. This keeps traders’ eyes focused on the 50-day moving average at $80.10. This level affects the medium-term trend.
TVC:USOILShort
by Jerome-Leon
Crude Oil Technical Analysis Real-time crude oil market analysis: Futures crude oil prices are rising slowly, with real-time quotes at 86.8. Let’s first look at the position breaking situation between the hourly upper rail of 87.2 and the hourly lower rail of 85.8. If the position breaks upward, pay attention to the pressure range formed by the 4-hour Bollinger Band upper rail of 87.5 and the 4-hour error upper rail of 88. Above, focus on the 89 integer mark. In terms of support, pay attention to the hourly lower track of 85.8, followed by yesterday's low support position of 84.6. For defensive support, look at the weekly MA5 moving average of 83.6. Overall, crude oil prices are rising slowly and gradually breaking through highs, but the span of increase is not large. The European market is tentatively set to fluctuate in the range of 87.5-85.8, and the market will continue to trend after subsequent breaks.
TVC:USOILLong
by Jerome-Leon
WTI crude oil technical analysis Crude oil prices opened lower on Monday. WTI crude oil prices were at $85.75 per barrel, down 1.05%. Brent crude oil prices were at $89.97 per barrel, down 1.32%. Oil prices retreated on signs of a possible ceasefire between Hamas and Israel. However, Iran's response to the Israeli attack on Tehran's consulate in Damascus remains a factor in rising oil prices, and a bullish one at that. WTI crude oil prices opened the week with a bearish gap, bringing the price close to the bullish channel support line. The EMA50 is near the channel’s support line to protect continued trading within the channel. Price is waiting to cover this gap and resume the bullish trend towards the next major target. WTI crude oil's current trading pivot point is located at $84.62, with resistance levels at $86.14, $87.47 and $89.10. Support is found at $83.47, $82.23, and $80.56.
TVC:USOILLong
by Jerome-Leon
Crude oil rises, can it reach $90? WTI crude oil futures fluctuated higher, trading at $84.89 per barrel, an increase of 1.09%. Since March 27, oil prices have continued to rise and have hit a five-month high. During the European session, WTI crude oil prices continued to rise, hitting $85.42 during the session, before falling slightly during European midday trading. To some extent, oil's rally is managing to emulate gold, which has also seen a steady increase in buying since the start of last week. The recent rise in oil prices can also be attributed to signs that China's economy is accelerating, as well as continued strength in U.S. manufacturing data, which bodes well for energy demand. These all suggest that oil prices should rise further, with the line chart showing that oil prices have accelerated since the second half of March, with the upper boundary of the ascending channel turning into support last week. We are also watching for a "golden cross" to form, which may attract more speculative buying in the coming days. The target is around $90.
TVC:USOILLong
by Jerome-Leon
1
Crude Oil (WTI) at ResistanceCrude oil is currently facing resistance on a 1-hour time frame. We've established an upper and lower zone for trading. On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83. If there is a significant gap in the price on Sunday, we should watch for how the price reacts at these levels before closing the gap. I'd appreciate your thoughts on this.
TVC:USOIL
by TheMotivationalProfessor
1
WTI Crude oil global trade analysis U.S. crude oil inventories fell by 6.674 million barrels in the week ended January 19 from the previous level of 483,000 barrels. WTI prices were lower on the day as traders focused on rising U.S. oil production and rising supplies from Libya and Norway. The short-term (1H) trend of crude oil has repeatedly fluctuated near the E point of the triangle, with the range ranging from 75.30 to 73.30. Oil prices cross the moving average system up and down, and the short-term objective trend enters a volatile rhythm. Judging from the gradually rising arrangement of lows and highs, the short-term subjective trend is still bullish. Crude oil is expected to continue to hover within the range during the day, and buying operations will be dominated by waiting for lows.
TVC:USOILLong
by Jerome-Leon
WTI Crude oil trade analysis Oil prices are falling due to US Consumer Price Index (CPI) data. Both headline and core inflation data were stagnant, suggesting that U.S. inflation is not accelerating or declining rapidly, while inflation is falling in Europe and other major regions. The outlook for oil in 2024 is bleak as the supply glut is too large to be replenished in the short term. Judging from the daily chart of crude oil, since the second rebound failed in late October, oil prices have continued to fall, eventually forming a downward trend. Oil prices have hit August lows of 77.80. Oil prices showed a slight fluctuation pattern around the low point, forming a flag-shaped relay pattern. Oil prices managed to break below the lower edge of the flag pattern and followed the trend downward towards the flagpole. In the medium term, oil prices are expected to rebound. to around 65.
TVC:USOILShort
by Jerome-Leon
Crude oil trade analysis WTI crude oil showed a roller coaster trend. It fell to an intraday low of $74.03 during the European trading session, then recovered all losses, and rose to an intraday high of $76.18 in the US market. It finally closed down 0.19% at $74.99 per barrel. ; Brent crude oil once fell below the $80 mark during the session, and then fluctuated around this mark, finally closing down 0.14% at $79.99 per barrel. Crude oil opened lower and fluctuated today, stabilizing at the 74.9 line. The daily chart shows that yesterday it fell first and then rose. The daily line included a negative cross star pattern with long upper and lower negative lines. Recently, oil prices have been fluctuating in the upper shadow line in the 74.0 area, further indicating that this level has reached a certain level of support. position, but it is difficult to open up the situation without breaking through the upper resistance level. In the crude oil shock triangle, today's operation considers rebound short selling as the main strategy, and low and long strategies as the supplement. The top focus is on the resistance of 76.5-77.1 US dollars per barrel, and the bottom focus is on the support of 73.5-72.3 US dollars.
TVC:USOILLong
by Jerome-Leon
Brent Crude Oil🛢️Outlook: Navigating The Next Huge Move (4H)Brent Crude Oil Forecast 🛢️ TVC:UKOIL Just like we called it earlier, the price dropped from 82.00 to 79, hitting our Take Profit sweet spot. Now, even though the price popped above 81, it couldn't make higher high, and it's chilling below the 100-day moving average on the 4-hour chart. Looks like we might see it slide back from 81.50 - 82.00 to 80. If 80 can't hold its ground, we might be looking at a dip to the 77 zone. On the flip side, if it manages to break above 83, we could be in for a bullish ride. Quick heads up: Keep your eyes peeled for any surprise moves, especially with the OPEC meeting on November 30, 2023, and the ongoing tension between Palestine and Israel. Key Levels: Support lines: 79.00 & 76.00 Resistance lines: 83.00 & 84.64 Drop your thoughts in the comments below. Appreciate your take on this! Thanks! 🚀
TVC:UKOILShort
by InvestScale
WTI international trade analysis The U.S. Consumer Price Index (CPI) fell in all areas, and the dollar plummeted amid expectations that the Fed's interest rate hike cycle would stop. Crude oil prices rose on the back of that reversal and a weaker U.S. dollar that triggered a rise in black fuel prices. Looking at the daily chart of crude oil, oil prices have continued to fall since the second rebound failed in late October, and eventually the trend formed a downward trend. Oil prices have hit the August low of 77.80. At present, short sellers are showing strong performance. Pay attention to whether there will be a clear rebound in this week's period. If the mid-term trend of crude oil continues to be weak, the mid-term trend of crude oil will continue to decline towards 70. The short-term (1H) crude oil trend fluctuated and continued to be blocked near 80, forming a repetitive rhythmic market with alternating main forces. The U.S. dollar plummeted across the board last night. Compared with precious metals, the trend of crude oil is relatively weak. It still needs further momentum to accumulate for a full-scale rise. It is expected that crude oil will seek support around 77.30 after a slight fall during the day and rebound upward.
TVC:USOILShort
by Jerome-Leon
WTI Global Trade Analysis The crude oil market experienced a volatile last week, rising first and then showing signs of weakness. This market volatility has investors wondering whether prices are being overextended. This has been happening repeatedly in this market for months. However, in the current environment, it's not hard to believe that this could happen. If the market is able to break above the $90 level, it could pave the way towards the $95 level. Conversely, if the price declines from current levels, the $87.50 level represents a key support area. Beneath this, the 50-day EMA near $85 provides major support. We expect continued volatility and volatility in this market.
TVC:USOILLong
by Jerome-Leon