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Oilanalysis

OPEC+ could push up oil price as China is most important According to the International Energy Agency (IEA), OPEC+ may push up oil prices, but China remains the most essential factor in the market. As we all know, China is the world's largest oil importer, and any changes in their demand can significantly impact global prices. With their economy recovering and demand increasing, now is the perfect time to invest in oil. The IEA also predicts that global oil demand will continue to rise in the coming years, further supporting the case for investing in this market. As traders, we can take advantage of this trend and potentially see significant investment returns. Therefore, I encourage you to consider investing in oil and taking advantage of this exciting opportunity.
TVC:USOILLong
by bryandowningqln
USOIL CHART UPDATEHey Traders, We posted this idea yesterday with our first TARGET now complete. Our level was respected perfectly. At the end of last week's Friday close, WTI had settled after a three week continuous plunge that had hit a low that was last reached in late 2021. The crash was caused by anxiety over the US economy. Speculators and investors had rolled out of their positions and this dried up liquidity leaving the market mainly in the hands of algorithms and momentum traders, exacerbating volatility. We have seen the effects of liquidity drying up in this market before and how it creates extreme price swings. Last year was a case in point where we had erratic intra-day price moves that were extremely lucrative for the professionals who know how to trade in that jungle but that chopped up the rest especially retail traders. In the current setup, if oil breaks and closes below $63 it will cause a cascade in other markets. We at BluetonaFX are still long-term bullish on oil as the speculators and high liquidity will return. It's a good idea to trade crude in any case if you are also trading other commodities such as gold given that when the oil market collapses, it can pull other commodities lower due to margin calls across the class. PREVIOUS POST Please see our chart idea fir USOIL and range projection. TARGET 1 - 73.61 TARGET 2 - 82.72 We are looking for break and retest as support to trade the movement. Please like, comment and follow to support us, we really appreciate it. BluetonaFX
TVC:USOILLong
by BluetonaFX
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
Rising oil prices are under pressure, so be careful of trapsAlthough the interruption of some exports from the Kurdistan region of Iraq has raised concerns about tighter supply, the United States is expected to start strategic reserve repurchases during the year, which will also benefit oil prices to promote a rebound in oil prices.However, because of the geopolitical situation between Russia and Ukraine, it is more the West that sanctions Russia, so it will not allow oil prices to rise sharply and have sufficient income, thus limiting the room for oil prices to rebound to a certain extent. From the perspective of crude oil trends, since the surge on March 27, there has not been a decent pullback and repair, so crude oil technically needs at least a second pullback to prove the effectiveness of the oil price increase. Short-term trading reference: sell crude oil near 74, stop loss level 74.4, take profit level 73.3 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
1
The rise of crude oil bulls is unstoppable?Because the banking crisis has temporarily eased, supply disruptions in northern Iraq have exacerbated supply tensions, and signs of increased demand from China have provided stronger support for oil prices. Judging from the trend of crude oil, after yesterday's sharp rise in oil prices, it rebounded to above US 70, and the technical bullish signal was significantly strengthened.However, although the current oil price has returned to the range of the box, on the whole, the current price has basically touched the vicinity of the pressure zone of the box shock in the early stage, and it has also touched the pressure position of the channel in the short term.Oil prices are under pressure at the point of pressure, and the strength of today's rebound is not as strong, so the rebound that tends to be on the daily line in the short term may be almost gone, then the short-term trend may face a certain level of adjustment.On the other hand, after the last wave of the 4-hour-level trend rose, the price temporarily remained at a high level of narrow volatility. On the hourly-level trend, after a continuous narrow sideways movement, the technical pattern began to gradually weaken, so there may be a trend of spatial correction in the short term. Short-term trading reference: sell crude oil near 73.80, stop loss level 74.2, take profit level 73.1-73 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
Crudeoil bears are working hard again, where will crudeoil fall?There may not be a shortcut to success, but there must be a way.Give up what should be given up, grasp what can be grasped; only insist on investing in your own investment standards. Yesterday's short crude oil orders reaped very good profits, and the current crude oil is creating favorable trading opportunities for us. At present, the U.S. Secretary of Energy has hinted that the country is in no hurry to replenish the Strategic Petroleum Reserve (SPR), exacerbating concerns about oversupply in the market.In addition, Russia's continued supply of crude oil to the global market has also increased the pressure on the oil market, causing oil prices to fall again. At present, crude oil has fallen as low as 66.8.Judging from the trend of crude oil, the rebound of crude oil has been blocked for two consecutive trading days, and a longer upper shadow line has been left, forming a secondary pressure, so the suppression of resistance above the 71 position is still relatively obvious.I also mentioned in my article yesterday that if oil prices are delayed in regaining the 72.4 position, there is a technical need for a second bottoming demand, which will increase the short-term bearish signal. In the short-term treatment, the upper side initially pays attention to the pressure near 69, and the lower side pays attention to the support near 66.8. 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
The decline in crude is supported,ushering in short-term bullsRoman Roland once said that people often feel that the stage of preparation is a waste of time. Only when the real opportunity comes and they are unable to grasp it, can they realize that their usual lack of preparation is a waste of time. Recently, it is mainly due to people's concerns about the global economy that have dragged down oil prices. However, the current market worries have eased, and oil prices bottomed out overnight, and there are some opportunities for short-term oil prices to rebound and adjust.In addition, from the trend point of view, after crude oil got rid of the downward channel, it bottomed out yesterday and rebounded to a stabilizing signal, indicating that the previous stage of the decline is almost over, and it is currently entering the cycle of shock and rebound. In the short-term treatment, the lower support is near 67.9, and the initial pressure above is near 69.8. 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 continues to fall, where will it stop falling?Crude oil prices continued to fall today, and are currently trading near US 65 per barrel.On the fundamental level, the supply and demand structure of the international crude oil market is still a small oversupply. Unless OPEC has a significant production reduction, it will be difficult to achieve much growth on the demand side. Although UBS reached an agreement to acquire Credit Suisse over the weekend, and the Federal Reserve and other six major central banks jointly acted to enhance liquidity to appease and stabilize global financial markets, U.S. crude oil once rebounded by more than 1% to US 67.4 per barrel, but worries quickly picked up again, and the United States still has unresolved banking problems. The market is worried that the banking crisis will develop into a global financial tsunami, which in turn will drag down crude oil demand. U.S. crude oil quickly took back gains and continued last week's decline. It is currently down more than 2%, with a minimum of US 64.4 per barrel, which is December 2, 2021. A new low since then. From the trend point of view, oil prices broke down after a wide-ranging shock at the daily level, and continued to fall after losing the important support of the 70-integer mark. Even if the 70-integer mark was not recovered during the subsequent rebound and the decline continued, the downward break was basically determined. The technical side is biased towards bears, and the future market of oil prices is inclined to further test the support near the December 2021 low of 62.46, and even look at the 60-integer mark.The initial resistance above is near 67. If this position can be recovered, it will increase the possibility of low oil price shock adjustment. 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 bears are not finished, predict the trend of crude oilAs the banking crisis hit the global financial and oil markets, NYMEX crude oil and Brent crude oil both fell more than 9% this week, and oil prices will record their largest weekly decline since the week of December 9 last year. From the perspective of the trend, crude oil rebounded weakly after breaking through the level. Whether it is the daily or weekly line, it is effectively falling below. Pay attention to the trend after a few months of volatility. The market must continue to take advantage of the trend in the short term. Taken together, crude oil as a whole is still in a bearish trend. At the daily level, crude oil oscillates and breaks downwards, and oil prices lose important support near the 70 mark. The market tends to continue to run downwards in the Bollinger band. The target refers to the position near the low of 62.43 on December 2, 2021.Since oil prices have recorded a longer lower K-line for two consecutive trading days, suggesting strong lower support, a DOJI was recorded on Thursday, and the KD technical indicators are also close to issuing an oversold signal. There is still a possibility of volatility bottoming out in the short term; the initial resistance is near the intraday high of 70, and the short-term resistance can be reasonably lowered to near 68.6-68.8. 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
2
Is crude oil going up or down next?Oil prices rebounded on Thursday, up more than 2%, as it is expected that Russia will significantly reduce its holdings next month. However, concerns about demand were exacerbated by a strengthening US dollar and a significant increase in US crude oil inventories. On the news front, Russia plans to reduce its oil exports through western ports by as much as 25% in March, exceeding the previously announced reduction of 500,000 barrels per day, which boosted oil prices during yesterday's session. The US dollar index has risen for the third consecutive trading day, and the latest meeting minutes released by the Federal Reserve on Wednesday showed that most policymakers agreed that the risk of high inflation required further interest rate hikes. According to the US Energy Information Administration (EIA), crude oil inventories increased sharply by 7.6 million barrels to 479 million barrels as of February 17. On the technical side, after the previous M-shaped pattern, the head and shoulders pattern is also forming, which is a stronger bearish signal than the M-shaped pattern. The overall downward trend is still in place, with bears outnumbering bulls. In terms of strategy, the news side is hedged between long and short positions, and there will be no significant changes in the short term. The situation of oil prices fluctuating up and down between $70 and $80 is temporarily difficult to break. On the technical side, the short-term rebound will not be sustainable as the head and shoulders pattern is forming. Therefore, my personal view is still bearish in the overall direction. I hope everyone will click and follow, maintain reading habits, and create opportunities for themselves.If you agree with the point of view, please click Rocket Support NYMEX:CL1! MCX:CRUDEOIL1! MOEX:BR1! ICEEUR:BRN1! NYMEX:BZ1! MATBAROFEX:WTI1!
BLACKBULL:WTIShort
by investmentMr-X
1
Ready to short crude oilThere are still concerns about the banking crisis in Europe and the United States in the market. Some investors are even worried about the arrival of a new round of global economic crisis. Moreover, the market is still worried about the oversupply of crude oil, and the future of oil prices is still biased towards bears. It was mentioned in the article shared yesterday that once crude oil is established to be effective in breaking below the 70 mark, it is likely to fall further below the low of 66.15 on December 20, 2021 and the low of 62.46 on December 2, 2021. Near the position.At present, since crude oil fell below the low of 72.3 in the shock range, it has fallen sharply again. The lowest has reached near 65.6, and there is only room for 3 US dollars from the low of 62.46 on December 2, 2021. Now the short market is very strong, even in a small cycle, after a short pause or rebound in the falling market, it will choose to fall again, and the bulls have no resistance.Therefore, the current thinking about crude oil is still based on emptiness. 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 continues to fall, where will it stop?After the recent bankruptcy of Bank of America, the pessimism of global investors lingered, and the increase in API crude oil inventories was greater than expected. It is expected that oil prices will still be at risk of further decline in the future. In the trend of crude oil, the short-term decline continued during the day. The current lowest point during the day reached near 69.82, which broke the support near 70.09 at the bottom of the shock box for the past four months since December 9, and fell below the 70 integer mark, which means that oil prices have broken the shock trend for the past four months and have the possibility of accelerating the decline. Once it is established that the fall below the 70 mark is effective, further strong support refers to the low of 66.15 on December 20, 2021 and the low of 62.46 on December 2. Near the position. In addition, this trading day also needs to focus on the EIA crude oil inventory series data and the IEA monthly crude oil market report. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me.
TVC:USOILShort
by Short-term-king
4
Crude Oil: Ideas and SolutionsCrude oil market trend analysis: Crude oil is still in a volatile state, with a bearish close this week but the body of the candlestick did not break through the support level. Therefore, a bullish close is not ruled out next week, and a long position with a bias towards the downside can be considered. The weekly support is around 75.6, with resistance around 80, and it is possible to consider a long position with a high short. On the daily chart, the price stabilized and rose on Friday, with a long upper shadow and a bullish close, suggesting a bias towards an initial rise at the beginning of next week. Support is around 76.1, and there is a long and short division within the day. If it does not break, a long position can be established first. If the market is volatile, there may be an opportunity to long around 75.3, with the first target above 77.4. Methods to resolve long and short positions: For investors with high-priced long or short positions, they can use rebound market trends to resolve their positions or reduce positions at a high level. Once the market changes, stop-loss positions should be established and positions should be reversed to compensate for losses. For investors with mid-priced long or short positions, they can temporarily observe and not rush to cut positions. If there are opportunities in the market, they can reduce positions appropriately, add positions based on trends combined with technical analysis, and compensate for losses. For investors with low-priced long or short positions, they can use the market downturn to resolve their positions or reduce positions at a low level. Once the market changes, stop-loss positions should be established and positions should be reversed to compensate for losses. For friends who have positions in the market, since I do not know the specific details of your position, it is difficult to provide corresponding strategies to resolve your positions. If you need to resolve your problem, you can enter a personal free channel for further information.
TVC:USOILLong
by Navigation-h
Crude oil stepped back to the buying pointRecently, crude oil has experienced a major pullback and is currently in a phase of rebound and volatility. Yesterday's market surged and fell back, and at one point fell to around 77.00. Currently, it has stopped falling and rebounded. From the attached chart below, it can be clearly seen that there have been signals of bullish players laying out their positions at the bottom area, as well as several buy signals during the process of rebound and pullback, which have formed a small rebound wave. Currently, there is another buy signal appearing during the pullback, and with the potential influence of EIA data in the evening, it is highly likely to see another upward rebound. Our focus remains on the resistance level near the 80.90 moving average. In terms of operation, we continue to adopt a short-term strategy of selling high and buying low. Specifically, we suggest buying near the 77 level with a small position and paying attention to the breakthrough of 77.8. The specific profit-taking point will be updated in a timely manner in the post. As for today's EIA , it will depend on everyone's own judgment whether to seize the opportunity or not. Stay tuned and let's reap the harvest together.
TVC:USOILLong
by Navigation-h
3