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Usoilanalysis

1209 USOIL looking for a breakout or ?Hello traders, USOIL on the weekly outlook is still strong bullish. The only thing needs to be careful with is correction before new high. So back on this 4H chart, USOIL is showing strong bullish signal right now with support above EMAS. The green dash line is the position USOIL needs to breakout to make a new high, up to position 5. If price make fake breaking out here, we will see a correction first. So better keep your account with control on such situation. GOOD LUCK!! LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
2
Has Oil Reached Peak Demand? Unveiling the Unique OPEC+ DealIntroduction: In recent years, the global oil market has witnessed significant shifts that have left traders and analysts questioning the future of this vital commodity. One of the most intriguing developments is the unique Russia-Saudi Arabia OPEC+ deal, which has sparked speculation about whether we have reached peak oil demand. In this article, we will delve into the details of this groundbreaking agreement and encourage traders to question their long-term perspectives on oil in a cautious tone of voice. Understanding the Russia-Saudi Arabia OPEC+ Deal: The Russia-Saudi Arabia OPEC+ deal, initiated in 2016, aimed to stabilize oil prices by managing production levels. This unprecedented alliance brought together the world's largest oil producers, including Russia, Saudi Arabia, and other OPEC members, to collectively adjust their output to balance supply and demand. The agreement's primary objective was to prevent a repeat of the 2014 oil price crash, which had severe repercussions for the global economy. Peak Demand: A Paradigm Shift: However, the dynamics of the global energy landscape have evolved since the inception of the Russia-Saudi Arabia OPEC+ deal. Heightened concerns over climate change, coupled with the rapid growth of renewable energy sources, have led to a paradigm shift in the way we perceive and consume energy. As a result, the notion of peak oil demand has gained traction, suggesting that global oil demand may have reached its peak and is now on a downward trajectory. Call-to-Action: Questioning Longs on Oil: In light of these emerging trends, traders must reevaluate their long-term perspectives on oil. While the oil demand will likely persist for years to come, the Russia-Saudi Arabia OPEC+ deal and changing global dynamics necessitate a cautious approach. Here are a few key points to consider: 1. Diversify Your Portfolio: As the energy landscape transforms, it becomes crucial to diversify investment portfolios to include renewable energy sources, clean technologies, and other sustainable sectors. This will help mitigate potential risks associated with a declining demand for oil. 2. Stay Informed: Keep a close watch on market trends, technological advancements, and government policies that promote renewable energy. Understanding the evolving landscape will enable traders to make informed decisions and adapt to changing market conditions. 3. Embrace Innovation: Explore opportunities within the renewable energy sector, such as investing in solar, wind, or hydrogen technologies. These sectors are expected to experience significant growth and may provide alternative avenues for profitable investments. Conclusion: The unique Russia-Saudi Arabia OPEC+ deal has undoubtedly played a crucial role in stabilizing oil prices and ensuring market equilibrium. However, the rise of renewable energy sources and growing concerns over climate change have led to the notion of peak oil demand. As traders, it is essential to question our longs on oil and adopt a cautious approach while diversifying our portfolios, staying informed, and embracing innovation. By doing so, we can navigate the evolving energy landscape and seize opportunities that arise from this transformative period in the history of the global oil market.
TVC:USOILLong
by bryandowningqln
il Data Reveals a 3 Million Barrel Shortfall on Saudi CutBrace yourselves for some exciting news from the oil market that might just make your day. Recent data analysis has uncovered a significant shortfall of 3 million barrels in Saudi Arabia's oil production cut. This revelation presents a golden opportunity for us to make some smart moves and potentially profit from a bullish oil market. So, let's dive right in and explore why it's time to long oil! Unveiling the Shortfall: In a surprising turn of events, the latest oil data has exposed a notable discrepancy in Saudi Arabia's oil production cuts. As we know, the Kingdom has been at the forefront of OPEC+ efforts to stabilize oil prices by curbing production. However, it appears that their output reductions have fallen short by a staggering 3 million barrels. This revelation has sent shockwaves through the market, opening a promising window for us to capitalize on this situation. Seize the Opportunity: Now, you might be wondering, "What does this mean for us as traders?" Well, my friends, this shortfall in production can have a profound impact on the global oil market. With demand steadily recovering and supply struggling to keep up, we can expect a surge in oil prices soon. This presents an ideal opportunity for us to take advantage of a bullish market and potentially reap substantial profits. Call-to-Action: Long Oil Today! So, how can we make the most of this exciting turn of events? It's simple, my fellow traders – it's time to long oil! By strategically positioning ourselves in the market, we can potentially ride the wave of rising oil prices and secure significant gains. Here are a few steps to get you started: 1. Conduct thorough research: Dive deep into the oil market's current dynamics, keeping a close eye on supply-demand trends, geopolitical factors, and any other relevant news that might impact oil prices. 2. Develop a solid trading strategy: Craft a well-thought-out plan that aligns with your risk appetite and investment goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to maximize your gains. 3. Stay updated and flexible: The oil market can be volatile, so it's crucial to stay informed about any new developments or shifts in the market landscape. Be ready to adapt your strategy accordingly to make the most of emerging opportunities. 4. Leverage reliable trading platforms: Utilize trusted trading platforms that offer real-time data, advanced charting tools, and competitive spreads to execute your trades efficiently and effectively. Conclusion: Traders, the oil market is buzzing with potential, and the recent data revealing a 3-million-barrel shortfall on Saudi Arabia's production cut is a game-changer. By long oil today, we position ourselves to capitalize on the upcoming surge in prices and potentially secure substantial profits. So, let's embrace this opportunity with enthusiasm and make the most of a bullish oil market. Happy trading, and may the profits be ever in your favor!
TVC:USOILLong
by bryandowningqln
Is WTI US oil upper resistance of $94 peak price? I am reaching out to discuss the recent developments in the US WTI oil market and shed some light on its potential to hit the upper resistance level of $94. As cautious investors, we must closely monitor this situation and make informed decisions regarding our oil investments. Over the past few weeks, we have witnessed a steady rise in oil prices due to various factors, such as increased global demand, geopolitical tensions, and supply constraints. As a result, US WTI oil has been steadily climbing, approaching a critical resistance level of $94. While it is essential to acknowledge the possibility of oil prices reaching this upper resistance level, we must approach the situation with caution. Several factors could influence the market dynamics, potentially causing a reversal or a temporary halt in the upward trend. It is essential to consider these factors before making any investment decisions. Therefore, I encourage you to closely monitor the developments in the oil market, paying attention to critical indicators such as supply and demand dynamics, geopolitical events, and economic data. By staying informed and conducting a thorough analysis, we can make well-informed investment choices that align with our risk tolerance and investment objectives. Considering the current situation, I emphasize the importance of diversification in our portfolios. While oil investments can be lucrative, we must not overly concentrate our holdings in this sector. Diversifying across asset classes and industries can help mitigate risks and ensure a well-rounded investment strategy. Lastly, I invite you to join me in regular discussions and forums to exchange insights and share valuable information about the oil market. By collaborating and leveraging our collective knowledge, we can make more informed decisions and confidently navigate the market. In conclusion, let us remain cautious and vigilant as we observe the US WTI oil market approaching the upper resistance level of $94. By closely monitoring the situation, conducting a thorough analysis, and diversifying our portfolios, we can position ourselves for potential opportunities while managing risks effectively. Thank you for your attention, and I look forward to engaging in fruitful discussions with you all.
TVC:USOILLong
by bryandowningqln
2
CL OIL HEAD AND SHOULDER BEARISH SETUPHello traders it seems like Oil may be taking a bearish turn here are our bearish clues : - Break in market structure ( Failed to create a higher high , which indicates that the trend may be reversing) . - Bearish RSI divergence (Higher Highs on price but lower highs in RSI indicates that buyers are loosing strenght). - Classic Reversal pattern Head And shoulder in formation Confirmation : Neckline Break + Retest Keep in mind that this week is very action packed so be sure to check the fundamentals before entering. this is my humble opinion not financial advice
TVC:USOILShort
by xAB777
Has Oil Price Reached Its Peak as Demand Weakens?Today, I would like to draw your attention to an important question that has been lingering in the minds of many: Has the price of oil reached its peak as demand begins to weaken? As we all know, the global oil market is susceptible to various factors, including geopolitical tensions, economic fluctuations, and, most recently, the ongoing COVID-19 pandemic. Over the past year, we have witnessed unprecedented volatility, with prices plummeting to historic lows and staging a remarkable recovery. However, recent indicators suggest that oil demand is showing signs of weakening, thereby raising concerns about a potential peak in oil prices. Several factors contribute to this observation: 1. Shift towards renewable energy: Governments worldwide are increasingly committed to reducing carbon emissions and transitioning to cleaner, more sustainable energy sources. This shift will likely impact long-term oil demand as renewable energy technologies gain traction and investment. 2. Slow recovery from the pandemic: Despite progress in vaccination campaigns, the global recovery remains uneven. Ongoing restrictions, travel limitations, and remote work arrangements continue suppressing oil demand, particularly in the transportation sector. 3. Emerging energy alternatives: The rapid advancements in electric vehicles (EVs) and the growing infrastructure to support them pose a potential threat to oil demand. As EV adoption accelerates, especially in major economies, the impact on oil consumption could be substantial. While it is essential to acknowledge these trends, I emphasize that predicting the future trajectory of oil prices is inherently challenging. Complex market dynamics and unforeseen events can quickly alter the landscape. Therefore, caution should be exercised when making investment decisions. In light of these developments, I encourage you to pause and reassess your long positions on oil. Diversifying your portfolio and exploring alternative investment opportunities that may offer more stability and long-term growth potential is crucial. You can position yourself in the changing energy landscape by staying informed about emerging trends, such as renewable energy, EVs, and other innovative technologies. As always, thorough research, risk assessment, and a well-informed strategy are paramount in navigating these uncertain times. Stay vigilant, keep a close eye on market developments, and consider seeking advice from industry experts to make informed decisions. Should you require any further insights or have specific queries, please comment to reach out. We are here to support you in making well-informed investment choices.
TVC:USOILLong
by bryandowningqln
USOIL WEEKLY TRADE IDEAhi all Since Saudi Arabian oil output was expected to be reduced on August 28, the price of US oil has been rising steadily for four days. Not only will the US economy be impacted by this oil decrease, but also the primary currency. The CPI is approaching, and the FED announced a raise 0.25 bps at its meeting in September. So, from a technical standpoint, I expect a pullback around 38 - 50 fibo retracement before continuing long oil until cpi and fomc. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
BLACKBULL:USOIL.FLong
by mytw0cents
2
0709 USOIL might not reach FIBO 1.27 before...Hello traders, USOIL is bullish still in my last 4H idea, In last idea, it was expecting a ABC wave up to make a new high to FIBO 1.27 WEEKLY. Seems it did make a RALLY up after finishing AB wave, but no new high. In such a situation, it is really reasonable to check it again on 4H chart today. It is possible for USOIL to make a double top and going to make a wide sideways price action. And follow the small uptrend channel to sell to break the bottom line is possible. A retest of the bottom line of the channel would be a good chance to open sell. 85-86 is the support zone or target zone. GOOD LUCK!!! LESS IS MORE!
TVC:USOILShort
by FUNTRADER-Vera
Goldman Says Risks in Oil Supply Cut Amidst Bullish SentimentGoldman Sachs, a leading global investment banking firm, has issued a cautionary note urging traders to exercise caution amidst the current bullish sentiment surrounding the late-stage oil rally. In their latest analysis, Goldman Sachs has highlighted several risks that could potentially undermine the anticipated benefits of any oil supply cut. These risks may have adverse implications for traders like yourself if not carefully considered. Therefore, it is crucial to approach this situation with a cautious mindset and take appropriate measures to mitigate potential pitfalls. While it is understandable that the current market dynamics favor a late-stage oil rally, it is imperative to remain vigilant and avoid complacency. Goldman Sachs' research suggests that certain factors, such as the potential resurgence of COVID-19 cases, geopolitical tensions, and unforeseen disruptions in the global supply chain, could significantly impact the oil market. To ensure you navigate this uncertain landscape prudently, I encourage you to: 1. Stay Informed: Continuously monitor market trends, industry news, and expert opinions to understand the evolving dynamics that could influence oil prices comprehensively. 2. Diversify Your Portfolio: Consider diversifying your investment portfolio to include assets less susceptible to the oil market's volatility. This approach will help mitigate potential losses and buffer against unforeseen downturns. 3. Exercise Caution: Be mindful of your risk appetite and avoid making impulsive decisions based solely on short-term market fluctuations. Take a measured approach and carefully evaluate the potential risks and rewards before making significant investments. 4. Seek Expert Advice: Consult with experienced financial advisors or industry experts who can provide valuable insights and guidance tailored to your trading goals and risk tolerance. By adopting a cautious approach and incorporating these recommendations into your trading strategy, you will be better equipped to navigate the potential challenges associated with the current oil supply cut discussions. Remember, success in trading lies not only in recognizing opportunities but also in managing risks effectively. Goldman Sachs' warning serves as a timely reminder to exercise caution and prudence during this period of heightened volatility. Please comment if you have any questions or require further information. Let's navigate these uncertain times with a steady hand and informed decision-making. www.reuters.com
TVC:USOILLong
by bryandowningqln
2
WTI Will return to the recent high of 84.87 The current global economic outlook makes many bullish investors apprehensive, but there are two factors that will cause bullish investors not to change their minds. 1. The United States has reduced the number of drilling rigs for nine consecutive months, and Saudi Arabia may extend its production cut plan, which will lead to a constant shortage of crude oil. 2. U.S. fuel futures rose to a seven-month high. Once it returns to around 81.22 on the 21-day daily moving average, it will revisit the recent high of 84.87
TVC:USOILLong
by Anthony-Ryan
0609 USOIL looking up with ABC wave moveHello traders, USOIL made a rally up on Tuesday with news from that Saudi Arabia and its "ally" Russia may continue to cut crude oil production. So, the correction did not happen. Now to follow the Wkly trend on this 4H char, it is possible for USOIL to make back test of support zone to before starting a new BC wave up. Check the SUPPORT ZONE for entry signal and long USOIL up to weekly fibo zone. GOOD LUCK ON THIS PLAN. LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera