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Usoilanalysis

Usoil:Will oil rise today? Oil was blocked from the middle edge of the trend line yesterday and began to fall As long as oil breaks through 78.4, there is still a lot of room for growth above, so the resistance of 78.4 is still observed today. Oil is still on the upward trend for the time being, so you can still choose to buy at the support point You need to strictly set the stop loss every time you trade, so that even if the trend changes, you can reduce your losses. 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:USOILLong
by UnknownUnicorn64583787
Usoil:The prediction is correct This is my forecast in the morning. Now that the oil has risen to the middle edge of the trend line, observe the resistance of 78.4. Judging from the news, the OPEC+ meeting is discussing further production cuts, which may intensify tensions with the United States. At the same time, the market is focusing on whether Saudi Arabia and Russia will extend voluntary production cuts to 2024.Based on the comprehensive assessment of the core member states such as Saudi Arabia and Russia, based on their own interests, they are expected to do their best to maintain the stability of the crude oil market, and there is still some room for short-term prices to rebound. I also reminded last week that oil is rebounding From the chart, you can see that the oil has broken through the trend line, and now you need to observe the resistance above. 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
BUY USOIL !!! TIME TO RETRACE hello traders as i can see its a great entry point for oil to caught some easy pips oil had created a good support zone on last daily low in shorter TF its seems more upside to test broken support zone Saudi and Russian are stick on their cut policy and war is also creating more demands trade with ur on risk its just and trade idea if ur like our prediction we appreciate ur support it help our trader community stay tuned for more updates
TVC:USOILLong
by APEX_TRADING_ACADMEY
US Crude OIL 4H : DESCENDING CHANNEL US Crude Oil New forecast The price of oil continued the upward push to reach the top of the descending channel and test the resistance of the descending channel at 77.20. We expect the price to continue to decline as long as it trades within the descending channel to visit the 74.41 level as a negative target and extend towards the 72.90 level again. Therefore the downward scenario will be remain as long as price trade at the bearish channel and moving average 50 still support the price to decline , taking into account that stabilized above 78.83 will force the price to get out of the descending channel and will start a positive trades . The expected trading range for today is between support 74.41 and resistance 78.83 . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 74.41 , 72.90 resistance line : 78.00 , 78.83 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
3
Usoil:Where is the bottom? The EIA report shows that the inventory of Cushing crude oil in the key hub of the United States has increased, rising to the highest level since August last year.In addition, the monthly report of the American Petroleum Institute (API) showed that oil shipments in October increased by 4.6% year-on-year to 31 million barrels per day.Oil supply increased by 3.2% in October to 28.8 million barrels per day.Oil production increased by 6.1% in October to 13.1 million barrels per day, a record high, an increase of 53,000 barrels per day sequentially.U.S. oil companies are taking advantage of high oil prices to sell oil quickly, and they may also smell some less optimistic news in the future. However, it should be noted that the OPEC+ meeting is about to be held on November 26th. The decline in oil prices has increased the pressure on Saudi Arabia, Russia and other OPEC+ members. They may continue to maintain their production reduction plans and even ask other countries besides Saudi Arabia and Russia to join the reduction team. Oil is now on a downward trend, because of the rapid decline yesterday, it is now rebounding From a technical point of view, oil prices have returned to near the low point in early July. If they fall again, it will test the low point of the year, but I think the weekly level of 67-70 is not so easy to be broken. 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
📈🛢️US Oil Daily prediction 🛢️📉TVC:USOIL FX:USOILSPOT Before we predict the next week, let's take a look at the trend of the oil chart. 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 this uptrend fails, the price will reach lower targets below 77$. ✌💥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:USOILShort
by CrazyS
US Crude Oil 4H :Under sell pressureUS OIL New forecast Oil trading was confined to the top of the descending channel after touching the resistance of the descending channel at 78.83, to hold below the pivotal resistance of 78.00, waiting for the price to be stimulated to resume the expected downward wave in the immediate term, whose next target reaches 77.21 and 75.70. Therefore, the downward trend scenario will remain valid and effective for the coming period, keeping in mind that breaking 78.83 and holding above it will pressure the price to the upward corrective path again. The expected trading range for today is between support 77.21 and resistance 78.83 until breaching one of them . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . Additionally ,Today News will affect the market . support line : 77.21 , 75.70 resistance line : 78.83 , 80.56 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
19
USOIL appears to be in a potential downtrend.Based on my analysis, there seems to be a potential downtrend in the USOIL market. However, it's essential to note that trading in financial markets involves risks and uncertainties, and any decision made should be based on a thorough understanding of one's risk tolerance and market dynamics. The suggested take profit (TP) level stands at 76.6, while the stop-loss (SL) level is set at 80. These parameters indicate a strategy to potentially capitalize on a perceived downward movement in the market. It's crucial to emphasize that these levels are merely indicative and subject to market volatility, and they should not be considered as guaranteed outcomes. The decision to act upon this analysis should be made cautiously, and it's imperative to conduct one's due diligence, considering individual risk appetite, financial circumstances, and market conditions. Moreover, using appropriate risk management techniques, such as position sizing and setting stop-loss orders, is highly recommended to mitigate potential losses. Furthermore, it's important to stay updated on global events, economic indicators, geopolitical factors, and any other news or developments that could significantly impact the USOIL market. Market conditions can change rapidly, and staying informed is crucial when making trading decisions. In essence, the idea presented here regarding a potential downtrend in USOIL is merely an observation and should not be considered as financial advice. It's always advisable to consult with a financial advisor or conduct thorough research before executing any trades or investments. Trading in financial markets carries inherent risks, and individuals should be well-informed and aware of the potential losses before making any decisions.
TVC:USOILShort
by ArminMah
Usoil:bottom Oil now has a clear bottom. It stopped falling and rose last Friday, and continued to rise this Monday. The bottom continued to rise and broke through the suppression of the unilateral moving average, forming a clear bottom foundation. Today, we need to observe the resistance of the ten-day line and whether it can break through the range of 78.9-79.2. If it breaks through, there will be a lot of room for growth. Today, as long as it falls to the support level, you can choose to buy and set a stop loss to prevent accidents, so that your success rate will be very high. Want to know how to trade, join me and contact me 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:USOILLong
by UnknownUnicorn64583787
Crude oil range trading Oil prices rebounded by 2% last Friday, and market sentiment has improved. However, what impressed investors more deeply in the past week was the sharp decline in oil prices in the first half of the week. The rapid decline in oil prices broke through the lower edge support of the high range created by OPEC+ production cuts and the Palestinian-Israeli conflict, thus fully venting pessimism. The next key test for oil prices will be whether OPEC+, especially Saudi Arabia, will decide to extend the existing voluntary production cuts to the first quarter of next year or even longer at the OPEC meeting in December. At present, crude oil tends to trade in a range. The upper resistance is 77.5, and the lower support is 75. Overall bullish
VANTAGE:CL-OILLong
by Anthony-Ryan
USOil - Testing New HH - 79.22 USOIL is at a strong support level and this is ready for a good Bullish move. After a big jump with the news earlier today - looking for more moves in the NY session. Definitely be patient and wait for that right entry. Entry I will possibly be taking is around, 78.66 - Looking for the candle to close above that area. Also we are in consolidation right now, and we also have could go further down as well if it closes low at 77.67 but candles will have to close below and wait for that full confirmation of it pushing down. That is why we are being patient and allowing the market to do what it needs to do for the right setup. TVC:USOIL
TVC:USOILLong
by HandsomeGuyde
Crude oil short selling is bound to win The current MACD dead cross shrinkage is gradually consolidating, and the smart indicator STO's hook is repairing upward, which means that the daily line is a shock-biased rebound trend. However, the current candle chart is suppressed by the moving average MA10 and the parabolic turning point, which suppresses the 78.7 line. At the same time, the candle chart also deviates from the moving average MA5 near the 77 line; therefore, there is a certain degree of retracement during the day. In 4 hours, the current macd golden cross is running with heavy volume, and the smart indicator sto has repaired upward and entered the overbought area. Therefore, in 4 hours, the current shock is strong, and in the short term, focus on the moving average MA60 suppressing the 79.3 line. Go short around 78.6-80, stop loss 79.4, target 77.7-4 Go long at 77.4, cover long at 76.9-77, stop loss at 76.3, target 78.5-79.2-80.2
TVC:USOILShort
by Short-term-trading-king
US Crude Oil 4H : Downtrend US OIL New forecast The price of oil rose during previous trading to approach the 78.00 level, reinforcing expectations of a continuation of the downward trend, and the way is open to achieving our negative targets that start at 75.70 and extend to 73.80. Therefore the downtrend scenario will be remain valid and effective ,moving average 50 support the proposed downward trend scenario, which is organized within the downward channel that appears in the chart, remembering that stability below the 78.64 level is important to achieve the proposed goals. so stabilized above 78.64 will postponed the bearish attempts. The expected trading range for today is between support 75.70 and resistance 78.64 until breaching one of them . Be careful because of the war between Palestine and Israel, we may witness unexpected movements . support line : 75.70 , 73.80 resistance line : 77.21 , 78.00 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
4
Usoil:Have reached the bottom? As can be seen from the chart, oil has stopped falling, but it is not ruled out that it may go lower again. Today, it did not break through Friday's high of 77.7. Today, it is necessary to observe whether the oil will fall twice. If the decline does not fall below the support range of 75-76, it can be judged that the oil may have reached the short-term bottom. If oil breaks through 78, it can be judged that the chance of reaching the bottom is very high, and there is still room for growth this week. 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:USOILLong
by UnknownUnicorn64583787
1
USOIL Analysis. i am bullish!Hello Everyone. i want share my idea about USOIL price action. After strong up movement we saw some strong downside movement after touch to weekly resistance, this movement was so strong and it stopped to monthly support where price got good rejection and i think we saw some good reaction from that Level. WE NEED TO BE CAREFULL! The Weekly candle close below of daily resistance, if i will open my position i need movement which strong brake daily resistance with it i will get agree from buyers, then i will try to find good low for open my swing position which i will share in this idea update. If we look it at daily chart price has good trend change signal but in my opinion it need to brake daily resistance and then i will open my position which i think we will see in next week. BE PATIENT!!!
TVC:USOILLong
by elmakacho
OPEC Adds 2.5 Million Oil Barrels Per Day OPEC has recently made a significant announcement that they will be adding a staggering 2.5 million oil barrels per day to the global supply. This news couldn't be more opportune for those seeking to capitalize on potential gains. Now, more than ever, we have the chance to position ourselves and make a lasting impact on our trading portfolios. With OPEC's optimistic move, I strongly urge you to consider the idea of going long on oil. By embracing this initiative, we set ourselves up for success and open doors to a plethora of exciting trading prospects. Why should you consider long oil, you ask? Well, the answer lies in OPEC's strategic decision. Their decision to increase output reflects an underlying confidence in the steady surge of global oil demand. As economies rebound and international travel resumes, the upward trajectory of oil prices is not far behind. It's time to hop on board this thrilling wave and ride it towards potential profits! I encourage you to conduct thorough research into the current market trends and gather all the necessary information for making informed long oil trading decisions. Remember, knowledge is power, and armed with the right insights, we can navigate the markets with confidence and conviction. Now is the time for action! Discover the incredible potential OPEC's decision holds and let's embark on this journey together. Get ready to embrace the remarkable trading opportunities that lay ahead as we navigate the exciting realm of long oil.
TVC:USOILLong
by bryandowningqln