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Crudeoilsignal

$72.25 Break Could Push Oil to $75.8 HighsFxNews —The October 24 high at $72.25 is the immediate resistance. The uptrend will likely resume if bulls close and stabilize the price above this level. In this scenario, the next bullish target could be $73.4, followed by $75.8, the 78.6% Fibonacci retracement level. Please note that the Crude Oil bullish outlook would be invalidated if crude oil prices fall below the $69.7 immediate support. Support: 69.7 / 68.3 Resistance: 72.25 / 73.4 / 75.8
TVC:USOILLong
by FxNews-me
Short Crude Oil on ResistanceIn crude oil trading today, we made good profits in the trading strategy of shorting crude oil in the 70.6-70.8 area twice. Judging from the current structural trend, crude oil will maintain range shocks in the short term, and fundamentally still maintain a short position. Although the inventory data has declined for two consecutive weeks, the pressure on the demand side is still very weak, and the U.S. dollar index has rebounded.Crude oil as a whole tends to run in a bearish trend. In terms of short-term structure, crude oil is currently facing the resistance of 71-71.2. If this area cannot be effectively broken through, then crude oil may still fall to the 69 position area at any time. Therefore, before crude oil fails to break through the short-term resistance, it is mainly to short crude oil. USOIL: @70.8-71 Sell, TP: 70.2 For more trading signals and trading plans, you can follow the bottom of the article to view the details!
TVC:USOILShort
by Trader_Christofer
Crude Oil Continues to Gain ProfitsCrude oil fell sharply at the beginning of last week and fell to 63.6. The main reason for this abnormal phenomenon is that the demand for crude oil was affected by the economic recession. Based on the previous news, the main reason for the decline of US oil may be related to the recent news. Too light. After OPEC announced its production cut plan in early April, the expectations of the market bulls did not receive further support from the news. Last Friday, U.S. oil also rebounded and returned to above 70. Although technically it is expected to stop falling and rebound, the daily average system has crossed downwards, and the medium-term bearish trend has been strengthened. Therefore, it will be relatively difficult for U.S. oil to rebound technically in the future , If you want to rebound strongly, you must have the support of fundamentals, such as OPEC's further implementation of the production reduction plan. Combined with the trend of the daily line and the hourly chart, U.S. oil may choose to fluctuate strongly within the range at the beginning of the week. The lower part will first focus on the 70-line competition before testing. If it does not break through 70 at the beginning of the week, the tone will be stronger during the week. 72, and around 73 on the 10-day line, and even fell below 74 last week. But this also requires the support of favorable fundamentals. If the fundamentals do not come out with good news for a long time, then the bulls' expectations will fail, and the market may return to a weak state in advance. In terms of operation, this week, U.S. oil is conservative or chooses to wait and see. If you are aggressive, you can conduct short-term low-long and high-altitude operations around the 70-73 range. So let’s get down to business, every day we push real-time current price orders to prove our strength. At present, the daily operating profit is increasing. I believe that friends who come from experience have discerning eyes. After a period of communication and experience, as well as the verification of the market, I believe that the accuracy of the list can conquer all doubts and ideas. Contact me for free experience
TVC:USOILLong
by Prometheusinfinance
Crude oil is steadily making profits every dayCombined with the trend of the hourly chart, U.S. oil continued to stay high and fluctuate within a narrow range after pulling up yesterday. This state indicates that the market may rebound again, but whether the top can break through 74, and whether it can press 75.5-7 is irrelevant. It's too easy to judge, after all, this wave of recovery still seems very sudden. In terms of operation, choose to wait and see conservatively within the day, and try to operate long and then short if you are aggressive, that is, a retracement around 72.2-72 within the day, aggressive short positions and long positions, set a stop loss at 71.5, and target at 73.5-74. Hold a single to see the 74 competition, and if it breaks through, keep watching the 75.5-7 test expectation. There may be resistance around 74 above the top within the day, but whether you can fight short or short depends on the actual situation. However, 75.5-7 above can still be regarded as the key pressure. If the pressure measurement reaches this point today, you can try short-term participation. For detailed suggestions, you can join my circle to view. In a word! Follow my footsteps if you want to make money, you won't be disappointed Jesus said
TVC:USOILShort
by Prometheusinfinance
Crude oil is about to return to the upward pathAt present, oil continues to fluctuate in the 70-83 region. Last month, OPEC suddenly announced a production cut and opened higher. After a month of fluctuation, the gap was finally filled last week. Then the top-bottom conversion to the 75.7-75 region has become an important support in the short term. As for crude oil short orders, there is no rush to participate for the time being, and the technical outlook is rising; News that lower oil inventories are also a factor in the rise in crude oil; in addition, Saudi Arabia and Iraq will reduce production at any time to protect oil prices and revenue, and the probability of a sharp decline is very small, so today's crude oil trading is mainly based on low-level long positions. So our trading strategy and signals are very clear. I have published the detailed trading signals in my channel. You can enter to receive them.
TVC:USOILLong
by Short-term-king
Can crude oil continue to rise?On the news side, the IEA monthly report on Friday was released. The International Energy Agency said in its monthly report on Friday that world oil demand will grow to 2 million barrels per day in 2023; on the supply side, OPEC+ production cuts may lead to supply shortages in the second half of the year, which also restricts the decline in oil prices to a certain extent.In addition, the current entry of daylight saving time, more travel demand itself has reached the peak season of oil, and oil prices will be boosted by demand from many aspects and will usher in a new wave of increases. Judging from the recent trend of crude oil, crude oil stepped back to 81.6 twice on Friday and was steadily caught by the bulls, indicating that the support below is strong and the rise will continue, so for the short term, continue to maintain the bullish thinking.Moreover, under the current pressure on oil prices, the strength of the pullback is limited, and oil prices have been fluctuating below 83.5 for the past five months. Once the resistance in this area is broken, it is expected to accelerate the rise and enter a new trading range. I will share specific transactions and operations in real time on my channel based on intraday details.In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
TVC:USOILLong
by Short-term-king
OPEC announced a production cut,how much upside is there for oilSaudi Arabia and other OPEC+ oil-producing countries announced further production cuts of about 1.16 million barrels per day on Sunday, which provided strong upward momentum for oil prices. They opened directly higher during the day and are currently slightly lower, trading near US 80.47. Judging from the trend of crude oil, the high price this morning just touched the important pressure level at the top of the platform in the early stage, so there is demand for a technical decline in the short term.The current rebound of crude oil has exceeded expectations, and the structure has also undergone variables. If the pressure continues, we will first look at the phased replenishment action. Short-term trading reference: Try to sell crude oil in small batches near 80.5, with a take profit level of 79.4--79 In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
TVC:USOILShort
by Short-term-king
Crude oil rebounded strongly, opening the way to rise?At present, it is in the process of rebounding after a volatile decline, and the short-term trend is relatively volatile. On the one hand, oil prices have initially bottomed out, which is a bit like a sign of inverted V reversal; on the other hand, oil prices seem to be undergoing a correction after breaking the level and falling.At present, the short-term rebound is relatively strong, but before regaining 72.4, it is still necessary to beware of the possibility of oil prices returning to the downward trend. If the 72.4 position can be recovered, it will be determined that the V-shaped reversal is established and increase the bullish signal in the future.If oil prices are delayed in regaining the 72.4 position, there is a technical need for a secondary bottoming demand, which will increase the short-term bearish signal. In the short-term treatment, the bottom pays attention to the support of the 69-70 line, and the top pays attention to the resistance at the 72.4 position. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
TVC:USOILLong
by Short-term-king
Crude Oil (WTI) - Long; Load up on it!Just a near term play here on the anticipated, transitory USD weakness. The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.) Fundamentally, Russian oil companies have already figured out - and are using to deliver -, alternate routes for most of their hydro-carbon exports, circumventing current and potential future EU sanctions. (Sales are already exceeding pre-sanctions levels!) As it turns out, contrary to EU and US delusions, Russian oil companies know their own businesses a lot better than their US or EU counterparts. - Who would've thought?! :-O The majority of the anticipated price fluctuations are conditioned on a near term, transitory USD weakness/fluctuations.
NYMEX:CL1!Long
by Nemo_Confidat