USOIL: Range shock, high Sell opportunitySince I expressed my opinion, I have published a total of 3 articles, all of which have ended in profit. The winning rate currently remains at 100%. I hope it can continue to be maintained and point out a clear direction for everyone.
Recently, crude oil has been fluctuating within the range of 86.10-87.9. This oscillating trend has lasted for several days, and there is no sign of a breakthrough for the time being. The only way to achieve a breakthrough is to see how tomorrow's EIA data performs. Before that, we can just keep selling high and buying low.
At present, crude oil has reached a high of 87.9 again, and the opportunity to short is rare, so I am prepared to sell here and set two targets, 86.8 and 86.1.
Oilusd
Russia and Saudi Arabia Extend Supply Cut Until Year-End 🚀It's time to buckle up and get ready for an exhilarating ride as we witness the recent developments that are set to fuel our profits. 📈
I am thrilled to share the fantastic news that Russia and Saudi Arabia have just announced their decision to extend the supply cut until the end of this year. This strategic move is expected to significantly boost oil prices, creating a perfect opportunity for us to make some serious gains. 🌟
With these two major players committed to reducing supply, the market is set to tighten further, putting upward pressure on oil prices. As a result, we anticipate a surge in demand, leading to a perfect storm for traders who go long on oil. 📈💰
Now, you might wonder, "How can I capitalize on this golden opportunity?" Well, fret not, my fellow traders, as I have an exciting call to action for you. It's time to get into the driver's seat and join the oil rally! 🚀
Here's what you can do to maximize your potential gains:
1. Stay informed: Keep a close eye on the latest news, market trends, and expert analysis related to oil. Being well-informed will help you make smarter trading decisions.
2. Conduct thorough research: Dive deep into the fundamentals of the oil market, including supply and demand dynamics, geopolitical factors, and any other relevant indicators that may impact oil prices.
3. Develop a solid trading strategy: Craft a robust plan that aligns with your risk tolerance and investment goals. Consider entry and exit points, stop-loss orders, and profit targets to optimize your trading experience.
4. Leverage trading platforms: To enhance trading efficiency, utilize advanced trading platforms that offer real-time data, analysis tools, and features like stop-loss and take-profit orders.
5. Stay disciplined: Stick to your trading strategy and avoid making impulsive decisions based on short-term fluctuations. Patience and discipline are critical to long-term success.
Remember, the oil market is buzzing with potential, and this extended supply cut presents an incredible opportunity for us to ride the wave of success. So, let's gear up, embrace the positive vibes, and make the most of this bullish momentum! 📈💪
If you have any questions or need assistance with your trading journey, please don't hesitate to contact our dedicated support team. We are here to help you navigate the exciting world of oil trading and ensure a seamless experience.
I am wishing you happy trading and abundant!
Oil Pushes to $86 as Supply Cuts ContinueIntroduction:
We've got some exciting news to share today - oil prices are soaring to new heights as supply cuts persist! The black gold is inching closer to the $86 mark daily, and we couldn't be happier. So, prepare to seize this golden opportunity and long oil like never before!
The Rising Tide of Oil Prices:
In recent months, we've witnessed a remarkable surge in oil prices, driven primarily by the ongoing supply cuts. Major oil-producing nations, including OPEC and its allies, have worked diligently to stabilize the market. Their efforts have paid off, resulting in a steady reduction in oil supply. As a result, the demand-supply dynamics have shifted in favor of traders looking to go long on oil.
The $86 Milestone:
Now, let's talk numbers, traders! We're approaching the much-anticipated $86 milestone, and the excitement is palpable. With each passing day, oil prices are inching closer to this psychological barrier. As the global economy rebounds and oil demand grows more robust, we can expect prices to continue their upward trajectory. This is the perfect time to capitalize on this trend and make substantial gains!
Why Go Long on Oil?
The reasons to go long on oil are plentiful, my friends. Firstly, the ongoing supply cuts have significantly reduced the surplus fat in the market, paving the way for increased prices. Additionally, as the global economy recovers from the pandemic-induced slowdown, industries ramp up production, leading to a surge in oil demand. Furthermore, geopolitical tensions and uncertainties continue influencing oil prices, making it an attractive asset for traders seeking volatility and profit potential.
Call-to-Action: It's Time to Long Oil!
Fellow traders, the time has come to seize this incredible opportunity and long oil! With prices pushing towards $86, there's no better time to jump on this bandwagon. Here's what you need to do:
1. Stay Informed: Keep a close eye on market trends, news, and developments that impact the oil industry. Knowledge is power, and being well-informed will help you make informed trading decisions.
2. Analyze and Strategize: Develop a robust trading strategy based on your analysis of the market dynamics. Consider supply and demand, production levels, geopolitical events, and economic indicators to maximize profit potential.
3. Diversify Your Portfolio: While going long on oil presents an exciting opportunity, it's always wise to diversify your trading portfolio. Explore other commodities, stocks, or assets to mitigate risks and optimize your trading experience.
4. Consult with Experts: Seeking advice from experienced traders or financial advisors can provide valuable insights and help you refine your trading strategy. Utilize their expertise to make well-informed decisions.
Conclusion:
Traders, the oil market is buzzing with excitement as prices surge towards the $86 mark. With ongoing supply cuts and a growing global economy, the time is ripe to buy oil and make substantial gains. Stay positive, stay informed, and prepare for this wave of success. Happy trading, and may your profits soar higher than ever before!
China's Economic Woes and Increased Oil Production Introduction:
Recently, the global oil market has been experiencing significant fluctuations due to a combination of factors. The economic slowdown in China and the increased oil production in Iran and Venezuela have led to a drop in oil prices. As traders, it is crucial to approach this situation cautiously and explore opportunities to take advantage of this market scenario.
Understanding the Factors at Play:
1. China's Economic Deterioration: China, the world's second-largest economy, has been grappling with a slowdown, which has had a direct impact on the oil demand. As the country's manufacturing and industrial sectors face challenges, the need for oil decreases, contributing to the price drop.
2. Increased Production in Iran and Venezuela: The easing of sanctions on Iran and the resurgence of oil production in Venezuela have further added to the supply glut in the market. As these countries ramp up their production, the oversupply of oil leads to a downward pressure on prices.
Capitalizing on the Situation:
While the oil price drop may pose risks, it also presents opportunities for traders to profit from the market. However, it is crucial to approach this situation with a cautious mindset and consider the following strategies:
1. Diversify Your Portfolio: As the oil market remains volatile, it is essential to diversify your trading portfolio to minimize potential risks. Consider exploring other sectors or commodities less affected by the oil price drop.
2. Monitor Global Economic Indicators: Keep a close eye on economic indicators, particularly those related to China's financial performance. You can make more informed trading decisions and mitigate potential losses by staying informed about the latest developments.
3. Analyze Geopolitical Factors: Stay updated on geopolitical events that may impact oil prices. Developments in Iran and Venezuela, such as political tensions or changes in production policies, can significantly impact the oil market. Remain vigilant and adapt your trading strategies accordingly.
4. Utilize Risk Management Tools: To protect your investments, implement risk management techniques such as stop-loss orders and trailing stops. These tools can help limit potential losses in case of unexpected market movements.
Call-to-Action: Seize the Opportunity to Profit from Oil
While the oil price drop may seem daunting, it presents a unique opportunity for traders to capitalize on the market situation. By carefully analyzing market trends, diversifying portfolios, and utilizing risk management tools, traders can navigate the oil market cautiously and potentially secure profitable outcomes.
Stay informed and adapt your trading strategies to the evolving market conditions is crucial. Take advantage of this period of oil price drop by making well-informed decisions and seizing the profit potential.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Traders are advised to conduct their own research and consult a professional financial advisor before making investment decisions.
Note: It is essential to consult with a financial advisor or professional before making any investment decisions.
Crude oil can be shorted if it does not break through the resist
The daily line of crude oil shows that 84 is a strong resistance to the rise. If it continues to break through 84 then crude oil will continue to rise. On the contrary, if it can remain unchanged at the current resistance position. Crude oil will drop slightly. So I think you can go short crude oil near the resistance position first.83.6-84sell.tp82.6-82-81.6-80.6-79.6
USOIL:75.0 supports short-term rise
Looking at the daily line, the Bollinger Bands opened, and the price has always maintained a sideways movement near the upper rail. The direction is dominated by bulls. Before there is a short-selling signal, we will not consider short-selling orders to enter the market for the time being. Yesterday’s callback is also holding 75 first-line important support, continue to pay attention to the support of this position within the day. In 4 hours, the Bollinger Bands showed signs of flattening, and the price was running between the middle track and the lower track. The short-term price showed signs of retracement, and the expected strength will not be too large. After the retracement stabilizes around 75, you can enter the market with multiple orders.
oil buy@ 74.8-75.3 tp 75.8-76.9
Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up . Continually updated
USOIL H4 | Potential bullish reversal?Based on the H4 chart analysis, we can see that price is falling to our buy entry at 69.44 which is an overlap support. Our take profit will be at 71.30 which is an resistance level. Stop loss will be at 67.56 which is just slightly below 78.6% Fibo retracement.
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Join the Excitement - Add Oil to Your Trading Watchlist!As you may be aware, recent market conditions have created a tight physical market for oil, presenting a promising landscape for traders like us.
The sentiment surrounding oil has been significantly impacted by various factors, including the slow growth of the Chinese economy and the aggressive rate increases implemented by the Federal Reserve. These developments have pushed oil prices down, making it an ideal time for us to consider adding oil to our trading watchlist.
Now, I know what you might be thinking - with all the uncertainties and challenges in the market, why should I consider oil? Well, my fellow traders, it is precisely during times like these that intelligent traders can seize the opportunity to make significant gains. By closely monitoring oil and its movements, we can position ourselves to benefit from potential price fluctuations and capitalize on market trends.
So, I encourage you to put oil on your trading watchlist. Keep a close eye on the latest news, market reports, and geopolitical developments influencing oil prices. By staying informed and proactive, we can make well-informed trading decisions and maximize our potential profits.
Remember, trading is not just about taking risks; it's about calculated risks. By carefully analyzing market conditions, understanding the factors impacting oil prices, and utilizing effective trading strategies, we can confidently navigate the market and increase our chances of success.
To assist your trading journey, I recommend exploring reliable sources of information, such as industry publications, financial news outlets, and market analysis reports Collaborating and learning from others can be invaluable in refining your trading approach.
Oil has the potential to offer us substantial gains, and by putting it on your trading watchlist, you'll be well-positioned to seize these opportunities.
I encourage you to take action now and add oil to your trading watchlist. Stay informed, stay focused, and let's make the most of this tight physical market!
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.
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.
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.
Crude oil trading strategy
Crude oil is currently basically falling below the previous high volatility range on the daily line, and the daily trend continues to be weaker, and there is a certain uncertainty in the EIA data market in the evening. At present, the space for continuing to decline after a continuous low sideways trend is not particularly large, and the current price has basically touched near the previous support band. On the small-level cyclical trend, the technical pattern also began to gradually repair, and there was a certain rebound on the short-term trend.
Trading strategy:
usoil:buy@68.6-69 tp70-70.5
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Oil is about to experience an uptrend
Oil experienced a sharp decline again today, and the EIA data was also unfavorable to oil. Currently, the oil price is close to the support level of 65-63. If this area is breached, the oil price will face the risk of falling to around $50.
As far as the current market situation is concerned, I think this probability is not high. Although we cannot completely rule out this risk, from a technical perspective, if the oil price continues to decline, it will become oversold, and there will be a short-term rebound demand. Therefore, in the trading process, I lean towards going long at lower levels.
If you have enough margin for oil, you can start a small long position now, and take profit at above 70 upon rebound.
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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!
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.
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TVC:USOIL TVC:GOLD FOREXCOM:XAUUSD
Specific analysis and ideas of crude oilThe biggest mistake in life is constantly worrying about making mistakes. The greatest sadness in life is not losing too much, but caring too much. This is also a major reason why a person is unhappy.
Last Friday, according to a report from The Wall Street Journal, there were internal discussions within one of the OPEC member countries, the United Arab Emirates, about the possibility of exiting OPEC. The report indicated that there are significant differences between Saudi Arabia and the UAE on various issues, including production capacity releases, competition for foreign investment, and the conflict in Yemen.
The market is concerned that if the United Arab Emirates were to exit OPEC, it would directly undermine the overall influence of OPEC. As a result, WTI crude oil was hit, dropping by 2.7% to $75.83. As a consequence, our previous bearish view on crude oil has yielded good results, and we hope everyone has gained profits. However, later, UAE officials denied the aforementioned report, stating that the UAE has no plans to exit OPEC. As a result, WTI crude oil quickly rebounded, recovering all losses and rising to $79.9, approaching the $80 mark.
Many people are now concerned about whether they should chase the rise of crude oil. Indeed, the decisions made by OPEC member countries will affect the trend of crude oil. Considering that the main disagreement driving the oil market currently is the demand outlook, and in the context of Russia's production cut in March, OPEC+ maintains a strong influence on the market. Therefore, in the short term, oil prices rebounded quickly after the UAE denied its exit from OPEC. However, investors should pay attention to the relationship between the UAE and Saudi Arabia.
With the expectation of a recovery in demand, oil prices are expected to break out of their three-month consolidation range. According to some reports and data, a medium to long-term upward trend in oil prices may have been established, but the process is unlikely to be smooth. From a medium to long-term perspective, the upward trend in oil prices is expected to be established, but considering that US service sector inflation remains high and is difficult to quickly fall back in the short term, this will exacerbate the risk of economic recession in the US and thus impact demand prospects.
Investors this week should pay particular attention to the semi-annual monetary policy testimony of Federal Reserve Chairman Powell in both houses of Congress, as well as key events such as US non-farm payrolls for February, China's trade balance, CPI and PPI, M2 and social financing data, which are expected to have an impact on oil prices in the future.
Technical analysis:
The daily chart shows that WTI crude oil stabilized above $77.0 and further rebounded to touch the $80 level, indicating that the bulls have further upward momentum. It is expected to break through the consolidation range of the past three months ($73.0-$83.0). The author maintains a cautious bullish view on oil prices.
If the oil price breaks above $83.0, it may open up further upside potential, and even have the potential to test the $100 level in the medium term. However, if the oil price falls below $73.0, it is necessary to be vigilant about the possibility of further downside and a potential test of the key support level of $70.
Operation idea:
The main strategy is to buy on dips, and it's also possible to chase the price higher when it breaks through 82. Given the unclear news, it's important to control the position size.