Oilprice
Oil continues to decline or go range boundI wanted to bring to your attention the recent news from China regarding their lending standards. It has been reported that China is cutting lending standards to shore up growth, but easing was not seen as a priority while inflation continues to be elevated.
I would caution against making any hasty investment decisions at this time. With inflation still a concern, it is important to consider any investment opportunities and their potential risks carefully.
Therefore, I encourage you to pause on oil investing and take a step back to assess the current market conditions. This will allow you to make informed decisions and avoid any unnecessary risks.
consolidation Until Apex BreakoutGood evening, here's another view of oil im currently monitoring the 4hr chart. After the retrace from the bearish cypher pattern. Oil retested B leg and bounced back up to the supply zone.
There's a apex that has formed, that is set to be completed by Late Thursday Futures session-Early Friday Futures Session. Oil is showing oversold w/ below the cloud action. I'm anticipating price action to rise into the apex til we get another final confirmed direction for this 4hr trade. There are a lot of traders looking to get into oil long near $65-67, i'm definitely a buyer if we get another chance at that level. However, I believe oil is set to reach $74 per barrel. The conclusion of the Apex trade will dictate if we go higher, or if patient dip buyers will be rewarded.
Oil continues to drop despite China rate changeThe price of oil has taken a significant hit due to China's decrease in demand. As we all know, China is an essential player in the oil market, and any rate changes can significantly impact the industry.
This news is disheartening. We have seen oil prices drop dramatically recently, leaving many investors uncertain about this market's future. However, I want to encourage you not to lose hope.
Despite the current challenges, investing in oil is still a wise choice. While the market may be volatile right now, we know that oil is a valuable resource that will always be in demand. The need for oil will only increase as the world grows and develops.
Oil continues to drop because of these market conditionsAs you are likely aware, the oil market has been experiencing a significant drop in prices in recent weeks, and this warning serves as a reminder of the potential risks involved in short selling during times of volatility.
Furthermore, we are also waiting for China's announcement of interest rate cuts, which could further impact the oil market. It is essential to remain vigilant and cautious during these uncertain times.
As an oil trader, I urge you to pause and carefully consider your actions before making any decisions that could significantly impact the market. We must all act responsibly and with caution to ensure the stability and sustainability of the oil market.
In conclusion, I encourage you to take heed of the warning issued by Saudi Arabia and approach the current market situation cautiously.
USOIL Wykoff pattren USOIL trade in sideway range the key lvl for wykoff pattren to success break 74$
Will oil continue with strong China refinery output?There is some exciting news about the oil market that I believe will pique your interest.
As you may already know, China's refinery output grew by a whopping 15% in May, which has contributed to a surge in demand for oil. Additionally, OPEC+ decided to cut supply in May, and Saudi Arabia has announced that it will cut supply for July due to a supply deficit in times of high demand.
These factors have led to a rise in oil prices, which is excellent news for those interested in oil investing. As an oil trader, I encourage you to consider taking advantage of this opportunity to invest in oil and potentially reap the benefits of this market growth.
So, what are you waiting for? Don't miss this chance to capitalize on the rising oil prices. Act now and explore the world of oil investing.
Oil moves up with US inflation and China boosting economyIt's worth noting that oil prices early on Wednesday extended the substantial gains from Tuesday, which were driven by brighter inflation figures from the United States and evidence that China taking steps to boost its economic growth.
I hope this information is helpful. Please let me know if you have any questions in your comments.
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.
Brent Oil - D1 / Buy or Sell ?Which way will you choose?
Buy? Or sell?
Tell me your opinion in the comment section below.
Upside in oilOil short is always a bluff. Why? Because those who play downside are always underdogs in the big scheme.
OIL dropped 1% as Fed call this draws uncertaintityI wanted to bring to your attention some recent developments in the oil and financial markets. Specifically, there are concerns about the impact of upcoming signals on the U.S. economy and monetary policy.
This week, we expect U.S. consumer inflation data to be released on Tuesday, which will likely factor into the Federal Reserve's decision on interest rates on Wednesday. While the Fed is expected to keep rates steady, there is still some uncertainty because U.S. inflation is trending above the central bank's target range.
As a result, markets are remaining cautious about any potential hawkish moves. Additionally, the dollar has firmed in Asian trade, putting pressure on oil markets by making crude more expensive for international buyers.
I thought bringing these developments to your attention was essential, as they could impact this week's oil price. Please let me know if you have any questions or concerns via the comments.
WTI Light Sweet Crude Oil, 6/12/23A two-sided framework continues through summer between 62.14 long-term support, and 82.45 long-term resistance, both regions able to contain seasonal activity.
Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year.
Upside, a weekly settlement above 82.45 indicates 94.67 within several months, able to contain buying on an annual basis.
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For Monday, 72.16 can contain buying into later week, below which 68.52 remains a 3 - 5 day target able to contain selling over the same time horizon.
A daily settlement below 68.52 indicates 62.14 over the next 2 - 3 weeks, where the market can bottom out through summer activity.
Upside Monday, closing above 72.16 indicates 77.56 within 3 - 5 days, able to contain weekly buying pressures when tested and the point to settle above for then indicating 81.44 long-term resistance within 2 - 3 more weeks.
libyan dinar forcast libyan dinar is the next victim after EGP and turkish currceny :)
target around 5.2$
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.
Oil Higher from here?On Sunday OPEC+ announced:
The 3.6mil bpd production cuts, will extend into 2024.
Saudi's will cut an additional 1mil bpd from July 2023.
The #oil #price opened higher on Sunday evening futures open.
It now looks like we have an inverse head & shoulders on the price of oil, taking the price into the mid and upper $70s. This may pave the way for oil being in the $80s sonner than later.
This will place pressure on the Fed as it will lead to even more inflation.
Headwinds however is still the lomming recession in US, EU as well as the weaker Chinese markets.
OilRegarding the USD/Bro movement, it seems that we have reached a crucial point. Stability above $78 will push oil prices towards $93. However, if there is a breakdown and stability below $76, we will observe a decline towards $60.
Will USDCAD Breakout with Western Texas Oil on the Rise?Are you ready for some oil talk? Because I've got some juicy information for you that might make your day. Rumor has it that Western Texas oil is about to rise, which could mean big things for the USDCAD.
You see, the Canadian dollar is heavily tied to the oil price, and if it goes up, we might see a breakout in the USD CAD. So, what does that mean for you? It means that you might want to consider loading up on oil and potentially making some sweet, sweet profits.
Now, I know what you're thinking. "But wait, isn't oil a volatile market? Isn't it risky?" And to that, I say, "Of course it is! But what's life without a little risk, am I right?"
So, if you're feeling adventurous and want to capitalize on the rise of Western Texas oil, I encourage you to load up and get ready for the ride. Who knows, you might just come out on top.
Happy trading!
Crude oil continues to fall
My friends, the trend of crude oil today is consistent with what I expected. It is now almost close to TP. Crude oil is still in the range. Profitable friends can consider reducing their positions to maintain profits. I hope my suggestion will help you and allow you to continue to make a profit.
Follow my trading signals,Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
CRUDE OIL - SHORT SCALP TRADEI will Short Crude Oil , this area look like distribution so in the next moment we can see a downtrend continuation
After the oil is completed to fill the gap,can we go long on oilBecause of the impact of the banking crisis and the U.S. debt ceiling issue, the risk that the economy may fall into recession has been exacerbated, and U.S. data show that consumer confidence is insufficient, which is a very big blow to the demand for crude oil, causing crude oil to plummet in the short term and completely make up for the technical gap. Can crude oil be bought with confidence?
In fact, according to the structure of crude oil, crude oil fell sharply and fell below the flag finishing structure, which laid the foundation for the short trend of crude oil, and there is currently no signal to stop the decline completely, so there is room for crude oil to go further down.
However, from the point of view of the short-term structure, crude oil fell below the flag-shaped finishing structure for the first time, and completely filled the technical gap in one fell swoop. In the case of a short-term plunge in crude oil, there is a need for technical upward repair.And there is 50% support for Fibonacci below the short-term line, so for the first time in this position, you can try to long crude oil in the short-term.
In trading today, the trading signals I announced on the channel for shorting gold around 1999-2000 and 2006 all reached the take-profit target of 1995. The trading signals in the last two weeks have achieved a comprehensive victory, and the result of 0 losses is enough for us to reap satisfactory profits.In trading, whether it is gold or crude oil, I have the ability to satisfy your desire to make money. I have announced detailed trading signals about crude oil in the channel. Please pay attention to the trading signals in the channel.
OIL BUYHey, the oil market has reached an important area as you can see in the analysis. There is a high probability of an uptrend with a retest of the descending channel. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
