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Usoilanalysis

28 Crude oil follows 74.4/72.5, see my analysisMarket participants will be watching developments in the Red Sea closely as a drone attack on an oil tanker raises concerns about shipping disruptions. Additionally, ongoing Israeli military strikes in Gaza remain a major driver of sentiment. On the 1H chart, OIL is in a blocked upward trend. The upper pressure is 74.4. If it stands firm, it will return to the trend. If it falls below the 72.4 support below, it means the end of this round of rising prices. Focus on these two locations today
TVC:USOIL
by Short-termTaurus
27 crude oil market analysis, rise or fall today?The crude oil market is currently at a crossroads, balancing geopolitical tensions in the Middle East with economic factors and policy speculation. Although oil prices fell in early Asian trading on Wednesday, they surged more than 2% earlier this week to reach their highest level this month. Inventory reports further affected the market outlook. Forecasts show U.S. crude inventories will fall by 2.6 million barrels, while distillate and gasoline inventories are expected to rise. These insights provided by the American Petroleum Institute (API) and the Energy Information Administration (EIA) are critical for traders to gauge supply levels. Yesterday (December 26) crude oil closed up. Last week, the weekly closed positive for the second week and rebounded. But whether it can continue is a question. Whether it continues to close positive this week or turns negative and falls back will determine the direction of the market outlook. The 1-hour chart tested twice near 76 and was suppressed. Today we still need to pay attention to the pressure break at the high point. It is currently rebounding, but whether it can continue further requires breaking through the resistance of 76 to open up space. Below, focus on the two previous lows of 73.2 and 72.5. If they fall below, it means the end of this stage of the rise. If you currently hold orders, you can send them to me and I will give reasonable suggestions based on the market conditions!
TVC:USOIL
by Short-termTaurus
Things to note when trading crude oil this week! Day analysiTraders this week must contend with both declining liquidity and potential tensions caused by Yemen's Houthi rebels. If the shipping crisis in the Red Sea region persists, it will not only provide some support for WTI crude oil prices this week, but also create opportunities for speculative buying. Traders will need to be cautious about risk management this week due to the Christmas holiday. WTI crude oil bears may believe that there will be a high technical reversal, and they will also pay attention to Middle East shipping news. Last week, the market fluctuated upward, and closed the positive line with a long upper and lower shadow line, indicating that the market was more volatile. However, the market is still running below the 20-day moving average, and the overall trend is still bearish. During the day, focus on the first-line pressure of $74 at the top and the first-line support of $72.0 at the bottom. At present, the technical indicators have completely turned bearish, and it is recommended to mainly go short on the rebound!
TVC:USOILShort
by Short-termTaurus
USOIL Long Term Price Analysis.Hello everyone. i want share my idea about USOIL price long term analysis. We all remember USOIL price were pretty bullish couple month ago but after it touch to weekly resistance we saw pretty trend which still not over. Price came to strong weekly support where we see aggressive buyers which gave us some High Low, i see some trend change signals and make some scenes from that point what i need to be bullish. After strong downside price movement from 72.00 to 67.70 it touch to weekly support when buyers were aggressive and broke some 1 hour and 4 hour resistances until it were testing broke resistances it was taking liquidity, at the moment it testing 4 hour support where we see aggressive reaction but still not changing price movement and its coming down, if buyers are still stronger i think it need to brake 4 hour resistance and slowly come back for retest where i think we will get some reaction from buyers (Scene 1). If that movement is only correction of trend i think we will get some fake brake out, where Sellers will active and it will continue price fall. in my opinion strong sellers zone is between 76-78 zone (Scene 2, Scene 3). I am looking price action because we are at some good point where we can catch real good trade, i have 3 good scene if my scenes will be right i will open position and ill update this post.
TVC:USOILLong
by elmakacho
USOIL: 22/12O European market suggestionAngola said it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group's efforts to support prices by limiting global supply. In the 4-hour chart, after falling below the middle track and back-testing the lower track, it holds the sub-low and rebounds above the lower track to regain the middle track. The 4-hour chart is a rapid downward rebound, seeking support and correction, and then continuing upward. In the short term, use 73.8 as a defensive support point, and then adjust your thinking if it breaks below. But as long as the low point of the step is not broken, the trend remains unchanged. On the whole, it is suggested that the short-term operation of crude oil should focus on the first-line resistance of 76.0 at the top and the first-line support of 73.8 at the bottom. Continue to look for low prices to buy. If you want to get the latest signals, you can contact me↓
TVC:USOILLong
by ActuaryJ
USOIL: Today’s crude oil analysis summaryToday crude oil sold according to the recommendation I gave in the morning, and then fell 200pips, But it should be noted that it did not fall below the previous low. Therefore, the market outlook does not rule out another breakthrough after sideways consolidation, hitting the 76 high point I talked about on Monday and Tuesday. But no matter what, on the 4H chart and 1D chart, it can be seen that it is in the rebound trend of the downward trend, so the upper space is limited, and it is expected to be around 76, but once it returns to the downward trend, the lower space is very large. I will continue to analyze the specific market trends with you on Friday, please pay attention↓
TVC:USOIL
by ActuaryJ
Oil operation suggestions for next weekAngola may increase oil production after it withdraws from OPEC. However, good news about the U.S. economy and attacks on ships in the Red Sea caused hundreds of ships to change routes and increase delivery costs, causing oil prices to fall before the Christmas holiday weekend. Although oil prices rose about 3% this week, crude oil prices still posted their largest weekly gain in two months. Technically we see crude oil futures support at 72.5 and resistance at 75.3. This week, the 30-minute long and short trend has repeatedly appeared. Crude oil continued to fall before the close on Friday, and the short energy distribution continued to build up at $74 to suppress the market. From a daily perspective, crude oil fell in late trading on Friday, and profit-taking before holidays is a very normal operation. Judging from the current technical indicators, it has completely turned short. It is recommended to focus on rebounding and shorting! The specific direction will be decided after the market opens on Tuesday.
TVC:USOILShort
by Short-termTaurus
USOIL: The rise is blocked and will fall in the short termInternational oil prices rose. Originally affected by the increase in U.S. crude oil inventories, oil prices first rose and then fell. However, the risk of interruption of the Red Sea transportation channel still provided support for oil prices, helping to keep oil prices above the 21-day moving average. Yesterday, the market rose first and then fell as expected, reaching the upper line of 75.40 and falling back. Despite this, oil prices finally closed higher. Government data showed that U.S. inventories increased significantly and production reached record levels, exacerbating continued concerns about oversupply. The U.S. market yesterday evening The second upward attack pierced 75.3, and then it fell back and fluctuated downward to break the bottom and close. The daily line closed higher and fell back. The overall price showed a stagflation pattern above the 75 mark. Today, we can go short first and then look at the shock and fall.
TVC:USOILShort
by ActuaryJ
Bear Market The free signal given to you today is the USOIL trading strategy, because there is EIA data today, and the data is as expected, which is favorable to the bears. Because there has been no significant decline so far, we have only closed some orders, and there are still some holdings waiting for the market to go lower further to expand profits. The 3h chart of gold is favorable for shorts, and 30m is testing the resistance level. I focus on shorting, with the purpose of trading the large-level trend. (Resistance 2038-2043, support 2029-2026)
FOREXCOM:XAUUSDShort
by Allen_Ex
USOIL: It broke through 75 today and is expected to return to 80Crude oil (USOIL): Crude oil also showed the same picture as my analysis yesterday, falling first and then rising. Today's opening is at 74, with an amplitude of $3 in the morning. It's not promising, and the amplitude is smaller than gold! The daily chart has risen for five consecutive days. Visually, the downward trend has ended, and a new round of bullish trend is coming. Today it will continue to attack above 75. If it is suppressed, there will be a small downward correction in the past two days. If it directly breaks through 75 , crude oil will continue to move towards the 80 mark! ! Today we will focus on the two positions 73.5/73 below! !
TVC:USOILLong
by ActuaryJ
1
USOIL: 19/12 Today’s AdviceYesterday, the conflict in the Red Sea region of the US market escalated, and a cruise ship incident occurred, so gold and crude oil rose sharply. However, the biggest impact of this incident was on energy, and the impact on gold was limited, So, crude oil breaks through the technical suppression of the 4H mid-track and continues the upward trend. On the weekly line, the market first fell and then rose last week and closed with a long lower shadow line and a positive line, indicating that there is some support below, and the market is more likely to rebound this week. However, the market is still below the 20-day moving average, and the overall market will still be under pressure. There is pressure at $74.61 at the top, and support at $72 at the bottom. If you currently have an order, you can send it to me and I will give you reasonable advice based on your position!
TVC:USOILLong
by ActuaryJ
📈🛢️US Oil Daily prediction 🛢️📉TVC:USOIL TVC:DXY Hello Traders. Let's continue our analysis of USOIL. Before we predict next week, let's take a look at oil chart's trend along with the DXY index. The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285) If the price of oil rejects at the level of $77.65, it is likely that the second scenario will occur for the price and vice versa. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
TVC:USOILLong
by CrazyS
USOIL: Crude Oil Market Analysis and AdviceLooking at the four-hour trend, crude oil is still running in a downstairs structure, with the upper resistance at the 72.8-73.4 area. Only a further breakthrough can change the overall trend. However, because crude oil has a large V-shaped reversal at low levels, bulls still take the initiative in the short-term trend; the short-term watershed between long and short is $71.3, and crude oil will continue to weaken after it breaks below again. Personal suggestion: go long on the pullback; the dividing line between long and short: $71.3/barrel
TVC:USOILLong
by ActuaryJ
1
USOIL: 15/12 Analysis and AdviceIn the 4-hour chart, a consecutive positive rebound broke the weak decline and returned to the mid-track shock. Judging from the closing situation of the K line, the short-term rebound is still strong. The hourly chart rebounded based on the downward test of 67.70, and stabilized the upward trend from 69.50. The 4-hour chart reversed the weakness. In the short term, focus on the resistance of 73.50-74. Today it is recommended to go long on callbacks
TVC:USOILLong
by ActuaryJ
USOIL: Bulls are about to start With the EIA data today, the market is bound to experience significant fluctuations. From the current point of view, I think the probability of an upward trend is relatively high, so my trading strategy is to go long. During this process, since the fluctuations will be very large, you must do a good job in risk management and never let your transactions bear too much risk. Each of our transactions should involve small risks and large gains. Only such transactions will be long-lasting. Analyzing the market is a complicated matter, but if you can master a method proficiently and get it verified, your trading will become simple. I hope all my friends can profit from the market! good luck!
TVC:USOILLong
by Allen_Ex
1
USOIL: 14/12 market analysis, plans to sellCrude oil (USOIL): Yesterday, crude oil broke through the 68 area, reaching the lowest position of 67.7. Today opened at 69.8, and the amplitude of five or six dollars in the morning was not too big. It broke below yesterday, but it did not stay too much. In the evening, the decline was gradually recovered, and the daily K closed a green line. There was only one explanation given, short correction, just like the previous two days. Only after correction can the short acceleration be ushered in more smoothly! Crude oil trading signal sent later
TVC:USOILShort
by ActuaryJ
2
USOil WTI Technical Analysis And Trade Idea USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly down to as brief as 15 minutes. Expect a thorough exploration encompassing price fluctuations, market trends, trend assessments, and critical technical analysis elements. It's imperative to highlight that the insights shared here are solely for educational purposes and should not be construed as financial guidance.
TVC:USOILShort
by fxtraderanthony
Usoil:Has it reached the bottom? Before, I have notified that oil can be bought gradually starting at 69.4 Oil reached a minimum of 68.8 yesterday. If you follow my strategy to buy gradually, you have made a lot of profits now. There is currently a lot of resistance near 70.8-71. Judging from the chart, oil has temporarily moved out of the downward trend, but it needs to be observed whether it can break through the upper resistance. So, if you follow my advice, you can leave the market at a profit now, because the trend shift is not determined once, we need to observe it multiple times. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
1