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Oilfutures

Oil Price Cools Off as Fed Rate Increase LoomsAs a trader, it is crucial to approach these developments cautiously and consider their potential implications on oil prices. Firstly, it is worth noting that the oil market has experienced a cooling effect in response to the Federal Reserve's decision to raise interest rates. Historically, such rate hikes have led to a strengthening of the US dollar, which in turn tends to weigh on oil prices. This correlation suggests we may witness a temporary dip in oil prices in the coming weeks. However, we must also be mindful of China's ongoing efforts to stimulate its economy. The Chinese government has recently implemented various measures, such as tax cuts and infrastructure spending, to counteract the economic slowdown. While these actions are expected to boost domestic demand and potentially increase oil consumption, there are concerns regarding the sustainability and effectiveness of these stimulus efforts. Considering the potential volatility in the market, I encourage you to exercise caution when purchasing oil at this time. It is advisable to pause and carefully evaluate the market conditions before making significant trading decisions. By doing so, we can mitigate potential risks and position ourselves for better opportunities in the future. In conclusion, the recent Fed rate increase has cooled oil prices, but China's attempts to stimulate its economy introduce uncertainties. I urge you to approach the market with caution and take a pause in your oil-buying activities. Evaluating the market conditions thoroughly will help us make informed decisions and navigate these challenging times more effectively.
FX:USOILSPOTShort
by bryandowningqln
Oil Indicates Bearish Trend as EMA 50 Crosses Fibonacci .618Recent technical analysis has revealed a bearish signal as the Exponential Moving Average (EMA) 50 has crossed the Fibonacci .618 level, indicating a potential downward trend in oil prices. Technical indicators serve as valuable tools to assess market movements and make informed investment decisions. The EMA 50, in particular, is widely recognized for its ability to provide insights into medium-term trends. When it intersects with significant Fibonacci levels, such as .618, it often signals a shift in market sentiment. Given the current scenario, it is crucial to exercise prudence and consider the implications of this signal. While it does not guarantee a definitive outcome, it is a noteworthy indication that suggests a potential downward pressure on oil prices. Consequently, we should reevaluate our investment strategies and exercise caution before making further commitments in the oil market. Given this information, I encourage you to hold on to your existing oil positions and refrain from further investing until we witness more precise market signals. It is essential to closely monitor the market and observe the subsequent price action to understand the potential trend direction better. As always, it is essential to remember that market conditions can change rapidly, and it is crucial to remain vigilant and adaptable. I recommend staying updated with the latest market news and conducting thorough research before making investment decisions. Please comment with me if you have any questions or require further clarification. I am here to assist you and provide additional insights to help you navigate these uncertain times.
OANDA:BCOUSD
by bryandowningqln
OPEC Forecasts Robust Oil Demand from India and China!Recently, the Organization of the Petroleum Exporting Countries (OPEC) released a groundbreaking report that sheds light on the promising future of the global oil market. The report highlights the continued surge in oil demand from two of the world's fastest-growing economies, India and China, well into 2024. This revelation opens up opportunities for us to capitalize on, and I believe it's time to act! According to OPEC's comprehensive analysis, India's oil demand is projected to grow annually over the following years. This is primarily driven by the country's rapid industrialization, urbanization, and the ever-increasing consumption patterns of its burgeoning middle class. Similarly, China's oil demand is set to rise annually, fueled by its robust economic growth and ambitious plans for infrastructure development. You might wonder, "How can I take advantage of this incredible potential?" Well, my fellow investors, the answer lies in seizing the opportunity to go long on oil for the long term. By positioning ourselves strategically, we can leverage the projected growth in oil demand from these economic powerhouses and reap substantial rewards in the coming years. This call to action is not merely based on speculation; it is supported by OPEC's extensive research and analysis conducted by industry experts. Their forecasts have proven remarkably accurate over the years, making them a reliable source for informed investment decisions. To ensure we maximize this golden opportunity, I encourage you to consider allocating a portion of your investment portfolio toward long-term oil positions. By doing so, we can align ourselves with the projected surge in demand from India and China, potentially unlocking significant returns on our investments. As always, I urge you to conduct thorough research and seek professional advice before making investment decisions. While the oil market's future appears promising, it is crucial to stay informed and adapt our strategies as circumstances evolve. In conclusion, dear investors, the OPEC report has unveiled a world of exciting possibilities for us to explore. By embracing the forecasted growth in oil demand from India and China, we can position ourselves favorably in the market and potentially achieve remarkable success in the long run.
TVC:USOILLong
by bryandowningqln
Potential Cautious Impact of US Slowing Economy on Oil PricesAs an astute investor in the oil industry, I wanted to bring to your attention a recent development that could potentially affect the price of oil. The current state of the US economy, which has been exhibiting signs of slowing down, has the potential to cast a shadow over the oil market. Over the past few years, the US economy has been a driving force behind the global oil demand, contributing significantly to the increase in oil prices. However, recent economic indicators, such as declining consumer spending and a manufacturing activity slowdown, suggest a potential downturn in the US economy. This, in turn, may have a dampening effect on oil prices. Given the interdependence between the US economy and the oil market, it is crucial to approach the situation cautiously. While it is impossible to predict the exact impact on oil prices, it is reasonable to expect that the slowdown in the US economy could lead to a tighter range-bound movement in oil prices. In light of this, I encourage you to closely monitor the developments in the US economy and their potential implications on the oil market. Consider diversifying your investment portfolio and exploring strategies to help mitigate potential risks associated with the current economic climate. It is important to note that various factors influence the oil market, and the US economy is just one of them. Geopolitical tensions, supply-demand dynamics, and global economic conditions also significantly shape oil prices. Therefore, maintaining a well-informed and balanced perspective is essential when making investment decisions. As always, I recommend consulting with your financial advisor or conducting thorough research before investing. By staying informed and proactive, you can position yourself to navigate the potential challenges and capitalize on the opportunities that may arise in the oil market.
FX:USOILSPOTShort
by bryandowningqln
WTI CRUDE OIL at the bottom of the Channel Up. Buy.WTI Crude Oil reached the bottom of the 10 day Channel Up. The RSI (4h) indicates that we may be at a bottom level similar to May 15th. Trading Plan: 1. Buy on the current market price. 2. Sell at 73.50. Targets: 1. 73.50 (MA100 1d). 2. 67.00 (Support 1). Tips: 1. The RSI (4h) gives the strongest buy signal after it crosses under the 30.00 oversold level. Technically that is at 67.00. Use this indication to your advantage for a medium term buy. Please like, follow and comment!! Notes: Past trading plan:
TVC:USOILLong
by TradingBrokersView
2
Oil continues to drop despite China rate changeThe price of oil has taken a significant hit due to China's decrease in demand. As we all know, China is an essential player in the oil market, and any rate changes can significantly impact the industry. This news is disheartening. We have seen oil prices drop dramatically recently, leaving many investors uncertain about this market's future. However, I want to encourage you not to lose hope. Despite the current challenges, investing in oil is still a wise choice. While the market may be volatile right now, we know that oil is a valuable resource that will always be in demand. The need for oil will only increase as the world grows and develops.
TVC:USOILShort
by bryandowningqln
Can oil demand bounced back to drive pack price? As you may have noticed, oil prices have recently ticked up on bargain hunting, but demand worries continue to weigh heavily on the market. While this may seem like a good investment opportunity, I urge you to exercise caution. The global pandemic has caused unprecedented disruptions in the oil industry, and the future remains uncertain. Demand for oil is likely to remain suppressed for some time. In addition, the ongoing trade tensions between major economies could also impact the market. Therefore, it is important to be mindful of the risks associated with investing in oil at this time. While there may be opportunities for short-term gains, the long-term outlook remains uncertain. I encourage you to carefully consider your investment strategy and consult with a financial advisor before making any decisions. It is important to prioritize your financial well-being and make informed choices in these challenging times.
TVC:USOIL
by bryandowningqln
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
Weekly Price Projection for Brent Crude Oil W/C 17th April 2023Price Range Projection: Weekly High: ~ $86.58 Weekly Low: ~ $82.818 In the chart above, you can see the price on the 3-hour timescale, along with a fixed range volume profile. Weekly High Projection The fixed range volume profile (the horizontal histogram) is an indicator that can be used to show resistance and support levels. The red horizontal line in the close-up chart above indicates the point of control, which is the price level that had the most volume. As you can see, the price stalled around this point. This is where I see the weekly high. Weekly Low Projection I have placed the weekly low at a previous support level, which was formed from a chart pattern that had a breakout more than a month ago. This is shown with the two blue trendlines.
OANDA:BCOUSD
by BlackbearTrader
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 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
OIL: Short above 77 today Oil saw a high-volume drop below support near 78 yesterday, which turned the immediate position into a resistance level. As of now, there has not been a complete breakthrough and the trend has weakened, so in terms of trading, selling short positions is the main strategy for today, with buying long positions as a secondary strategy. Specific trading strategies: Sell short near 77.4-78.5, take profit near 76 Buy long near 75.7-74.2, take profit near 76.5 I will continue to track market trends and share trading strategies in real time. Thank you for your attention and support. If you have any questions, please leave a message in the comments section. I will provide you with the most sincere and responsible solutions to help you solve your problems. Many things may not yield immediate results at first, but only those who persist in pursuing their goals can experience the joy of success. As the saying goes, "Every cloud has a silver lining." The effort you put in will eventually receive a satisfactory response from time.
TVC:USOILShort
by triumphing
1
$CL_F: Time to buy oil...I'm already long via a number of energy stocks I have been buying recently but now Oil futures are finally onboard. I was thinking that inflation remaining stickier was proof of post COVID lock downs induced supply disruptions being still a factor, and now that we have China reopening and an increase in demand of 'atoms' thanks to the transition to renewable energy and electric vehicles, combined with the long term dynamics of nearshoring/onshoring/friendshoring, I think oil and oil stocks, biofuel producers, coal, refineries, etc. offer nice upside. Think that India and Mexico will require larger amounts of energy for the wave of industrial activity that will be unleashed there once Western firms move their production to ally nations rather than relying on China, while China reopens and activity resuming unleashes pent up demand on the same finite resources. It's an interesting juncture, and a recipe for potentially explosive upside in certain names. Let's see how this goes, pick your poison, as far as instruments better suited to express this view in the long term... Best of luck! Cheers, Ivan Labrie.
NYMEX:CL1!Long
by IvanLabrie
Bearish Crab on USOIL: Bearish Continuation Expected This WeekWe have a Bearish Crab with MACD Bearish Divergence at Last Week's high on USOIL after a reaction to the PCE report. I'm expecting that we have reached a top for the week and that we will continue to make the bigger move to the downside to continue the trend started by the 4HR Bearish Bat Trade Below. I will be waiting for the stock market to actually open before taking the trade if it's still within the Pattern Completion Zone by then.
TVC:USOILShort
by RizeSenpai
2
20 Reason for sell OIL 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Sideways 2 📆Monthly: Bullish to corrective mode 3 📅Weekly: a clear bear trend is established with proper lower lows 4 🕛Daily: bear and filled out corrective move now just ready for the next impulse move in bearish side 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: bear 6: 2 Pattern Candle Chart: long shadow rejected at resistance 7: 3 Volume: 8: 4 Momentum UNCONVENTIONAL Rsi: Sideways to bear 9: 5 Volatility measure Bollinger bands: rejected at the middle band 10: 6 Strength ADX: just beginning strength for bears 11: 7 Sentiment ROC: ✔️ Entry Time Frame: H4 12: Entry TF Structure: sideways 13: entry move: wait yet 14: Support resistance base: upper resistence 15: FIB: nil ☑️ final comments: wait for breakout 16: 💡decision: sell 17: 🚀Entry:79.90 18: ✋Stop losel: 81.5 19: 🎯Take profit: 73.66 20: 😊Risk to reward Ratio: 1:6 🕛 Excepted Duration: 10 days
TVC:USOILShort
by Optimum369
CRUDE OIL Bullish entering DecemberWTI Crude Oil made a remarkable rebound yesterday marginally below the 76.30 Support (the Support Zone is now 76.30 - 75.30) and turned the 4H RSI around, approaching the 4H MA50 (yellow line). This is the first Resistance (short term) with the initial target of this late September/October-like rebound being the 1D MA50 (blue line). If then the price breaks above the 1D MA100 (green line), we can continue buying and aim the 93.75 Resistance, which happens to be on the 0.382 Fibonacci level of the June 14 Top. Being so symmetrical, is why we consider the 0.236 Fibonacci to also be a medium term Resistance as well. A break above the 93.75 Resistance targets the 1D MA200 (orange line), the long term bearish barrier. Follow us, like the idea and leave a comment below!!
TVC:USOILLong
by TheCryptagon