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Oilanalysis

Will crude oil continue to rebound strongly? Long or short?In the crude oil market, due to the larger-than-expected decline in U.S. crude oil inventories and bullish expectations for Chinese demand, concerns that the Federal Reserve's more aggressive interest rate increases will slow economic growth and weaken oil consumption have limited the rebound in oil prices, so the crude oil market is still uncertain. Judging from the trend, the current crude oil has rebounded strongly in the short term after fluctuating at a low level, but it is not enough to change the daily shorting situation, indicating that the overall trend of crude oil at a large level is still weak.Although the short-term rebound is shown on the 2-hour level chart, the short-term rebound is quite strong, but the pressure is heavy above, and the short-term continuity is a problem. It may continue slightly, but it is difficult to say how much room there is to continue without breaking the low range for the time being.Short-term may be accompanied by resistance loops, the market has returned to operate within the weak range. In terms of strategy, yesterday's thinking was also high-level shorting, but today's thinking is still high-level, supplemented by low-level long-selling. Crude oil is shorted near 77.8-78, and the first target is near 75.5 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 Blessed_V
2
OIL: Trade at these levels Recently, the technical trend of crude oil has mainly been volatile, with support around 76.5-75.7 and short-term resistance around 78.1-78.8. Trading is dominated by short positions, with long positions being secondary. Specifically, short positions can be entered around 78.15, with a target around 77.5-77, while long positions can be entered around 76.5-76, with a target around 77.5-78. I will continue to track the market trends in real-time and share strategies. Thank you for your support and attention, and I hope you continue to follow me as it will contribute to the completeness of the trade. I will also share more interesting trading strategies for you to refer to! If you have any questions, please leave a message in the comments section, and I will provide you with the most reliable solution with the most serious and responsible attitude to help you solve the problem!
TVC:USOIL
by triumphing
1
Oil prices have stopped falling, and the bulls are back?Crude oil was suppressed by fundamentals and high pressure. Yesterday, the daily line fell all the way, and finally the daily line closed the negative line. Crude oil currently continues to maintain a wide range of oscillations on the daily line. The 4-hour level trend is also after a continuous decline. The current deviation rate is slightly too large, and the technical patterns on the small-cycle trend are also beginning to be gradually repaired, and there is a high probability that there will be some room for rebound and repair in the short-term trend.On the news side, short-term attention will be paid to Powell's further remarks and EIA data within the day. Operationally, crude oil is recommended to be short at 78.3, below the target of 76.6. In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies. TVC:USOIL TVC:GOLD FOREXCOM:XAUUSD
TVC:USOILShort
by Blessed_V
The morale of crude Oil bulls is strong, breakthrough!Fundamentals: On Tuesday (March 7), international oil prices tended to fluctuate.Previously, the UAE's withdrawal from the Organization of Petroleum Exporting Countries was proved to be untrue, and there was a need for technical correction after the surge in oil prices.And cautious investors are waiting for Fed Chairman Powell's upcoming testimony later this week.However, signs of China's economic rebound have prompted Saudi Arabia to continue to increase its prices in Asia, bringing support to the oil market. Technical aspects: At the daily level, after oil prices have risen for five consecutive trading days, oil prices have initially stood above the 80 integer mark. The daily line has gotten rid of the downward trend channel, and the opening of the technical indicator Bollinger band continues upward. MACD golden fork, KD stochastic indicator golden fork, technical bullish signal continues, if it can withstand the short-term pullback pressure, it is expected to continue to oscillate higher, the initial resistance is near the Bollinger band rail 82; further strong resistance is near 83, which is where the top of the box that has oscillated extensively since the end of November is located. If it breaks further, it will increase the medium- and long-term bullish signal. At the 4-hour level, oil prices as a whole are still in the channel of rebounding upward trend, but they are still suppressed by the short-term moving average, and the KD stochastic indicator sends a short-term overbought signal. It is still necessary to beware of the risk of short-term oil prices falling back.However, the short-term volatility here is still within the normal range, which is a technical repair to the short-term rally, and the 79 position of the 20-day moving average below has been transformed into a preliminary support position. If this position is lost, it can be judged to weaken the bullish signal in the future. Taken together, today's short-term crude oil operation ideas are mainly based on stepping back and lower, supplemented by rebounding high altitude, which can be done at the 79 position and the target position is 80.5
FX:USOILLong
by Blessed_V
Oil: Go long on this range. After analyzing the 4-hour chart of crude oil, it is found that yesterday's market first fell and then rose, rebounding after reaching support near 78. In the short term, it has broken through resistance at 79 and 80 and now support has formed around 78 and 79. If there is a substantial breakthrough and stabilization around 81.5, there is a high probability of further rising towards the strong resistance level near 83. However, the market currently needs further consolidation and momentum to complete the potential breakthrough, so we recommend shorting at higher levels and going long at lower levels. The specific recommendations are as follows: short around 81-80, long around 79-78, with a stop loss of 70 points and a take profit of 200 points for each.
TVC:USOILLong
by triumphing
Buy crude oil at 80.43. The core of trading is not how much profit can be made in a single transaction, but whether one can achieve sustained and stable profitability over the long term. In the previous article, the strategy given for crude oil was to go long at 78.5, with the target at 80.5, and it was a perfect take-profit. Currently, the support level on the hourly chart is at 80.43, and waiting for a pullback without breaking the support level is a suitable choice. Current trading plan: Go long at 80.43 for crude oil, with a stop loss at 80.13 and a target at 81.50. I will remind you when the trading point is reached. Liking, commenting, and subscribing are the greatest encouragement for me. Follow me to make trading easier! You are also welcome to refer to other ideas below.
TVC:USOILLong
by Ice_and_Fire1
WTI OILWTI Oil, a benchmark for crude oil prices, has been gradually rising recently, indicating an uptrend in the market. By analyzing the available charts, it is possible to identify entry points for traders to buy at the same time as identifying an exit point. To further refine the strategy, traders can use different technical indicators to help them make informed decisions. One potential approach involves looking for a little pullback on the middle trendline, which can serve as a testing ground for a "BUY" signal. Overall, this strategy can be effective for traders looking to capitalize on the current trend in the WTI Oil market. By carefully monitoring the charts and utilizing appropriate indicators, traders can identify optimal entry and exit points to maximize their profits.
TVC:USOILLong
by arnvon1213
WTI Bearish flag in PlayMonthly Chart : Prevailing macro sallow bearish channel in play. Weekly Chart : Breakout of weekly bullish channel in the corrective phase of the market structure. Daily Chart : Double top intermediate pattern formation within the bearish channel. 4H Chart : Asymmetric expanding mini triangle pattern, with impulse breakout of 1H chart bullish corrective structure. 1H Chart : Almost completed bearish flag, expecting break below 73.50 round number with anticipated zone of interest for tp goal at about 70.00 round number.
TVC:USOILShort
by VictigatorZM
Brent crude bearish sentiment Commentary: Despite the optimism around the reopening of China from COVID restrictions, oil prices remain vulnerable to fears of a global economic slowdown. The EU’s price cap at $60 per barrel while OPEC+ is expected to maintain existing production targets adds towards the bearish outlook on price. Brent crude : Last weeks gains can be viewed as a “corrective” bounce off the $81 support; since price has pierced below the September 26th lows at $82.30 may serve to keep alive the bearish price sentiment; downside potential spotted near the $79.7s while upside seems limited to $89.2 in the short term (5-25 days). Not investment advice. Past performance is not indicative of future results.
SKILLING:XBRUSDShort
by Skilling
Crude prices under downside pressureCrude prices under downside pressure on the back of weaker demand outlook The recent break below the $92 short term support level has opened up the prospects for a further decline towards a test of the September 30th lows near $84, the bearish outlook can be technically supported by the fact that current price is below its 20 and 50 day simple moving averages, as well as the fact that the 14 day relative strength index has crossed below its respective signal line (bearish). Short positions can therefore be technically supported provided price is unable to push back above the recent support now turned resistance at $92. Short sellers may be looking for $84 and $81 as potential downside targets, while longs may be aiming for a retest of the $92 area with $93.54 in extension.
SKILLING:XBRUSDShort
by Skilling
USOIL Forecast: Position Trade IdeaHey trader, As you can the price is currently bearish running in the head and shoulders level 2, and below the 50 and bearish crossed short-term MAs. It is preparing to drop for the patterns L3 together for the 200 MA (that's visible on the MT4 chart). But that bias will be fully confirmed once the price has bearish closed and retested below the Daily Neckline and 8 MA (1st trade) or 3rd Weekly Key Lvl (2nd trade), to trigger what I call the "H&S C-E.1 & E.2 signals". However if the price decides to bullish rally to break and retest the 3rd Monthly Key Lvl and 8 MA, the bias will be rejected. With that said, take the trades at your own risk, because this is not financial advice. I'm just sharing my point of view, which you also can do in the comments section below. I don't mind if you do so; I'd love to know your thoughts! That's it for today. I hope you found value from this article. If you wish to see more content on trade ideas and psychology, click the posts linked below. You won't regret it. Trade Safe, Sphatrades.
TVC:USOILShort
by Doji-2k1