USOIL H1 / EXPECTING A SHORT POSITION CONFIRMAITON ✅💡Hello Traders!
This is my idea related to USOIL H1. I expect that the price will go bearish as it retraces from the resistance level of a bullish channel and I expect a retracement until the price of 79.000 as we have the FIB resistance levels.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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Usoilanalysis
Crude oil trading analysis
Crude oil trading analysis
The oil market was mixed and volatile last week. The Red Sea shipping crisis has drawn attention, while an increase in demand forecasts from the International Energy Agency has also caused market volatility. Although WTI crude oil futures fell slightly, the overall trend showed a weekly increase of more than 3.88%.
International Energy Agency forecasts show that global oil demand will continue to increase until 2024. However, the agency also warned that if OPEC+ countries continue to cut production, it may lead to supply shortages. In addition, geopolitical factors and central bank monetary policies will also have an impact on future market trends.
Currently, crude oil prices are now at $81.4 and encounter two resistance levels of $81.7 and $82.5. If these levels are touched on the day, short positions can be made at high prices.
At the top, pay attention to the resistance at $82.0-$82.5, and at the bottom, pay attention to the support at $80.0-79.5.
Today's short-term recommendations are mainly short selling at high prices.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
USOil will it cross 82 level?**Monthly Chart**
Last month's candle closed Bullish suggesting the trend to continue moving higher towards testing MC level of Oct 2023 at around 90 level. This month candle continues the bullish move and now moving near the low of Oct 2023 bearish MC at around 80.79 level. If the price is able to break this level, then next target will be around 90 level.
**Weekly Chart**
Last week candle closed bullish after breaking the high of the Feb 2024 candle. Last week there were good buying opportunities on USOil. The question now will it continue moving higher and cross 82 levels?
**Daily Chart**
I am expecting a continuation of this trend higher. I will be looking to buy the dips with a good confirmation to start the new upward swing. Next target will be around 84 and then 90 levels.
Crude Oil (WTI) at ResistanceCrude oil is currently facing resistance on a 1-hour time frame.
We've established an upper and lower zone for trading.
On the weekly candle from last week, the price closed above the previous week's level, which indicates a possible uptrend towards higher levels around 83.
If there is a significant gap in the price on Sunday, we should watch for how the price reacts at these levels before closing the gap.
I'd appreciate your thoughts on this.
Crude oil may fall back after rising today
Crude oil fluctuated upward on Wednesday, with a minimum of 77.5 and a maximum of 79.8 that day. The daily line closed at 79.5. From the daily line, the oil price has reached the upper track. Today, the focus is on the 81 line. If it rises to around $81, will there be strong resistance above?
As far as the current trend is concerned, the price of crude oil has risen to 80.3 US dollars. Waiting to see if it can reach 81 US dollars, you can make the right choice by paying attention to my signals at any time.
My suggestion is to prefer shorting at high prices: shorting in the range of 80.5-81 US dollars.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
USOIL NEXT MOVE POSSIBLEUsoil looks like was under this pattren now we have best selling opportunity
we can hold upto 76.60 to 73.52 its signal dont miss more updates stay tuned
Usoil Sell Entry Price 78.16
Take Profit 76.70 After Break This Level Next Tp Possible
Take Profit 75.47 After Break This Level Next Tp Possible
Take Profit 73.52 Its Last Tp
Usoil-trend analysis
Oil has currently fallen below the 77 support. It is currently undergoing a short-term correction. The previous support point has turned into a resistance point. The resistance range is 78-78.3. Currently, oil is still oscillating in the 77-78 range.
So now we change our previous thinking. If you reach the resistance range, you can choose to sell
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Crude oil analysis signals make you money easily
In the short term, the oscillation pattern of crude oil and fuel oil futures may continue
On March 12, crude oil varieties fell as a whole yesterday, especially fuel oil futures fell significantly.
1. The weakening of macro factors has hedged the benefits of OPEC+'s extension of production cuts. The weakening of oil prices has led to the decline in the support effect of fuel oil costs. Coupled with the recent decline in the shipping index, the outlook for fuel oil demand has dimmed. In the context of weakening demand factors and cost support factors, domestic fuel oil futures fell significantly this Monday. Although the market has always been skeptical about whether OPEC+'s production cuts are sufficient, there is no doubt that the oil market's supply and demand balance is in a relatively healthy state due to OPEC+'s efforts to reduce production.
2. The periodic decline of crude oil is the main factor driving the decline of oil products. Since the implementation of the OPEC+ production reduction plan, the market's trading focus has begun to shift to demand. Crude oil is still in a range-bound oscillation pattern, and there is great pressure on both long and short positions. Among them, OPEC+ production cuts provide bottom support at the bottom, and weak demand is suppressed at the top. There is no improvement in the long-short logic in the short term.
According to the current trend of crude oil, the price of crude oil is basically fluctuating between 78 and 78.5 US dollars. At this stage, the crude oil price reached 78.6 and was unable to break through due to resistance, and then fell again. As far as the current trend is concerned, the crude oil price is oscillating at 78 US dollars. Please pay attention to my signals at any time. Only then can you make the right choice.
It is recommended to go long at low prices in the short term: go long around $78.0
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
1203 USOIL is not smiling happily. (WEEKLY OUTLOOK)Hello traders,
In the last few weeks, USOIL is continuing to rise from the bottom and making a bottom reversal smiling curve.
Now it is facing some troubles. It finished a bearish candle last week on weekly chart which make it slowing down to rise. Once usoil down to test these levels, on weekly chart it will surpass the EMAS and looks like a weekly sideways price action.
Good luck!
LESS IS MORE!
On the left 6H chart, usoil is making a 3rd leg down looks like a ABC wave. The support level or end of C could be Fibo ext 1.27-1.618.
The
Crude oil analysis signals make you money easily
According to the current trend of crude oil, the price of crude oil is basically fluctuating at 77-78 US dollars. At this stage, the crude oil price reached 78.6 and was unable to break through due to resistance, and then fell again. As far as the current trend is concerned, the crude oil price is oscillating at 78 US dollars. Please pay attention to my signals at any time. Only then can you make the right choice.
It is recommended to go short at high prices in the short term: short around $78.5.
I will share trading strategies and trading ideas every day. Listen to my signal and advocate seeking victory in stability and not making rash advances.
For those who want to make easy profits, follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
USOIL - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
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Crude oil operation suggestions for next Monday
For crude oil on Monday, focus on the first-line support of 77.0 at the bottom and the first-line resistance of 80.5 at the top. At the same time, pay attention to the upper and lower breakthroughs before making changes.
Crude oil operation suggestions:
1. Go short after rebounding near 80.5, stop loss 0.6 US dollars, target around 78.5-77.0;
2. Retrace to go long near 77.0, stop loss 0.6 US dollars, target around 78.0-79.0
Crude oil trend analysis, easily make money for you
Crude oil trend analysis, easily make money for you
The overall trend of crude oil rose and fell back last week. The expected strength did not appear, but the upward trend has not changed. As long as crude oil price does not fall below 77 US dollars per barrel, the oil price will still rebound, and the weekly negative closing means that there will definitely be a rebound in the morning. It is bottoming out and rising, and the 4-hour moving average trend should also be bottoming out and rising. The current decline has bottomed out, and now there is a trend of bottoming out and rebounding. In the short term, we should pay attention to the support level and the short-term resistance reached by the rebound and increase. Bit.
Therefore, in terms of operation ideas, it is recommended to go short at high prices and long at low prices;
Recommendation: go long around 77.6 and go short after reaching $79.5
Tp 78.5
SL77
Go short after reaching $79.5
Tp 77.5
SL 80.5
Listen to my signal and advocate seeking victory in stability and not making rash advances.
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Comments welcome
Crude oil price trend analysis, easily make money for you
Although OPEC+, an organization of oil-producing countries, has extended production cuts, the market remains wary of crude oil demand. Oil prices closed down more than 1% on Friday, with Brent crude oil falling by 1.69% this week and WTI crude oil falling by 2.46% this week.
Brent crude oil futures closed down $0.91, or 1.10%, to $82.05 per barrel. This week’s cumulative decline was 1.69%, and the one-week volatility was the lowest since September 2021.
WTI crude oil futures closed down $1.08, or nearly 1.37%, to $77.84 per barrel. It fell by 2.46% this week.
Supply remains tight due to slower exports due to OPEC production cuts and Russian production cuts, but demand in some countries appears to be lagging, while demand in the U.S. driving season has yet to kick off.
On the supply side, OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil production cuts of 2.2 million barrels per day into the second quarter.
That provided additional support to the market amid concerns about global economic growth and rising production outside the group.
Crude oil continued to fluctuate this week, and the overall trend was a small dip and recovery.
My suggestion: go long at low prices, go long around $77.5
Tp 78.5
SL 77
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
Usoil-Strategy
Recently, the direction of oil is still to wait for the support level to buy. The current large range is 77.5-81, and the small range is 78.5-80.4.
You can wait for the support point to buy, or you can choose to sell at the upper edge of the range.
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Easily make money for you with crude oil trend analysis
Crude oil prices fell back from highs and will bottom out and rebound
From yesterday to today, the overall trend of crude oil fell back after rising, with $80.5 as the resistance level and $77.6 as the support level.
The U.S. Department of Energy announced the purchase of approximately 3 million barrels of oil for delivery in September to replenish the Strategic Petroleum Reserve;
Attacks by the Houthi armed forces in the Red Sea region have also blocked oil shipments and disrupted tanker activities;
EIA report: The four-week average supply of U.S. crude oil products was 19.499 million barrels per day, a decrease of 1.25% from the same period last year;
Combining the above data and events, I believe that the current crude oil price will fluctuate around $77.8 and then show an upward trend.
Recommendation: Go long around $78
TP:79.5
SL:77
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome
USOIL H1 / Long Trade Execution Idea 💡💲Hello Traders!
This is my idea related to USOIL H1. I expect the price to go bullish as it reacted perfectly from the OB level and also the support area. I expect the following scenario, the price will retrace again in the OB area and after that, I expect it to rise until the price of 79.45.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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www.tradingview.com
Today's crude oil trading analysis
Today's crude oil trading analysis
Yesterday, crude oil continued to fluctuate upwards, and the second time it tested high, it looked around 80.7, but it has not yet formed a breakthrough. The recovery range in late trading was within 80.0, and the daily closing line had an upper shadow line, which is still in the stage of shock and rise. At this stage, it is being set The upper track of Linguan is oscillating and is expected to break through the upper track.
From the daily chart, crude oil is expected to continue to fluctuate upward along the upward trend line in the short term. In the short term, buy at low prices.
Recommendation: Buy crude oil at $79.6
TP 80.5
SL 78.6
Usoil-Breaking through the shock range
Yesterday, representatives said: OPEC+ agreed to extend the reduction of positions until the end of the second quarter
Last Friday, oil also hit a new high this year, reaching a maximum of 80.8. OPEC's reduction in positions will also be beneficial to the rise of oil in the short term.
Therefore, oil is still waiting to fall to the support point to buy. Only by controlling your position reasonably can you make a profit.
Join me and follow my strategies, your trading success rate will be higher
USOIL H4 / Long Trade Opportunity ✅💲Hello traders!
This is my idea related to USOIL H4. I expect the USOIL to go bullish after the retracement from the OB and supply area.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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USOILUSOIL is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?