Market tension is greater than the impact of the dollar
Expectations of tighter crude oil supply and an uncertain economic outlook have caused demand concerns. At the same time, crude oil continues to be hit by the double blow of the appreciation of the US dollar and expectations of interest rate hikes, and the impact of a rapid tightening of supply is offset by market investors' low risk appetite for higher interest rates in the long term.
Oil prices in Asia rose to 91.5. The subsequent trend will rebound and then rise slowly.
The overall market is bullish.
Usoilanalysis
Oil Pushes Up Cushing Stock Supply Tightens - Time to Long Oil!Introduction:
Hey there, fellow traders! We've got some exciting news to share that'll make you want to jump on the oil bandwagon. The oil market has been buzzing lately, and we're here to shed light on how the recent developments are creating a golden opportunity for all you savvy investors out there. So sit back, relax, and let's dive into the world of oil!
Oil Pushes Up Cushing Stock Supply Tightens:
In recent weeks, the oil industry has witnessed a significant surge in prices, leading to a tightening of supply at the Cushing stock. For those unfamiliar, Cushing, Oklahoma, serves as a crucial hub for oil storage in the United States. This tightening supply indicates a strong demand for oil, which bodes well for those who are looking to invest in this lucrative market.
The recent push in oil prices has been primarily driven by several factors. Firstly, with the global economy gradually recovering from the impacts of the pandemic, the demand for oil is rapidly increasing. As travel restrictions ease and industries resume operations, the need for oil is skyrocketing.
Furthermore, geopolitical tensions and production constraints in certain oil-producing regions have also contributed to the tightening supply. These factors, coupled with the growing global energy demands, have set the stage for a potentially profitable opportunity in the oil market.
Call-to-Action: Long Oil and Reap the Benefits:
Now that we've established the positive outlook for the oil market, it's time to seize this opportunity and make some smart investment moves. Here's our call-to-action for all you traders out there: long oil!
By going long on oil, you can position yourself to take advantage of the rising prices and the tightening supply at Cushing. This strategy involves buying oil futures contracts or investing in oil-related exchange-traded funds (ETFs). With the bullish trend expected to continue, going long on oil could potentially yield significant returns in the near future.
Remember, as traders, it's crucial to stay informed and keep a close eye on market trends. Stay updated with the latest news, monitor supply and demand dynamics, and consult with financial experts to make informed decisions. With the right strategy and a positive outlook, you can ride the wave of this oil market surge and maximize your gains.
Conclusion:
There you have it, fellow traders - a golden opportunity awaits in the oil market! With the tightening supply at Cushing and the rising demand for oil, going long on oil could prove to be a smart investment move. So, let's embrace this positive momentum, stay informed, and make the most of the potential returns that lie ahead.
Remember, the key to success in trading lies in calculated risks and thorough market analysis. So, gear up, get ready, and let's ride the oil wave to financial success!
Disclaimer: Trading involves risks, and it is essential to conduct thorough research and seek professional advice before making any investment decisions.
Crude oil: Crude oil rebounds to highs
U.S. oil WTI once fell below $89 and pushed down to $88. It fell as much as $1.48 or 1.7%. After turning up, it returned to the psychological integer level of $90. The more actively traded Brent December futures once fell to US$90 or fell as much as 1.6%, then turned higher and then returned to US$92. The futures about to be delivered after expiration turned higher and then rose above US$94. They had previously fallen below 93 US dollars. and $92.
Oil prices turned higher and broke off two-week lows, with U.S. oil returning to $90
In the third quarter, U.S. oil rose by more than 26%, and Brent oil rose by about 24%. Both are expected to record the largest increase in more than a year since the first quarter, and both oil prices will achieve cumulative increases in every month of the third quarter. Mainly because the prospect of tight supply outweighs concerns about economic and oil demand uncertainty in a period of high interest rates. However, some analysts worry that the U.S. government shutdown may make it difficult for Brent oil to rise to $100.
Go long near 92.0, stop loss: 89.90, the target is 92.0-95.0 if it breaks.
US Crude Oil 4H :Try to reach 92.48USOIL
OUTLOOK
The price of oil opened today's trading with additional positivity, surpassing the 91.14 level and settling above it, confirming the cessation of the bearish corrective scenario and heading towards achieving expected gains during the coming sessions, targeting visiting the 92.48 level as a first major station.
Therefore, an upward bias will be expected for today, and breaching the target level will extend the upward wave to reach the 94.00 areas, while breaking 90.75 will stop the expected rise and put the price under negative pressure again.
Additionally ,Today News will affect the market .
support line : 90.75 , 89.35
resistance line : 92.48 , 94.02
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2609 USOIL down to where for a correctionHello traders,
USOIL seems hard to push for a new high before a correction.
Check the weekly outlook, it is going to reach the low of last week.
Breaking through it will make it possible to reach the bottom FIBO ext 1.414-1.618 position where we were expecting with little chance.
GOOD LUCK ON LOOKING FOR ENTRY TO SELL.
LESS IS MORE!
Crude Oil: Strategy Advice Short
The oil supply outlook remains tight, with Russia and Saudi Arabia both cutting output through the end of the year, while the number of operating oil rigs in the United States has dropped to its lowest level since the end of the year. U.S. refiners are also cutting production capacity, further tightening supply.
While these factors are expected to continue to support prices, overall economic concerns are limiting oil prices' upside potential. In the short term, oil prices will continue to be impacted by the above factors. Rising interest rates, a stronger dollar and worries about the global economy appear to be offsetting the benefits of limited supply. However, with the start of China's National Day Golden Week, a potential rebound in tourist numbers may bring some support to oil prices. But until global economic concerns are eased, oil market sentiment tends to be bearish.
Short-term strategy reference: High probability scenario: bearish above 90.6, target 90.0-90.6. Small probability scenario: bullish below 88.8, target 88.5-88.9 Market comment: RSI technical indicator runs downward!
USOIL:Range fluctuation
Oil is still fluctuating in the range, reaching a minimum of around 89 today.
The oil has not chosen the direction yet. Last time we judged that the oil was going to test near the support point of 88.9.
Now the oil is near 89.9, and the direction is still not confirmed, so this range is still valid. You can still sell at the high point, buy at the low point, and wait for the oil to break through the range to confirm the trend.
We can't blindly think that oil will fall now, because we have tested the low twice in a row, but it has not fallen. We trade in the range. If we break through the range, we will strictly set a stop loss.Wait for the funds to choose the direction.
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US Crude OIL 4H : under 88.04 will open the way to drop USOIL
OUTLOOK
The price perfectly fulfills my last idea and price reached the second target .
The price of oil reached the verge of the second expected target at 88.04, awaiting the resumption of negative trading to break the aforementioned level and open the way for a further downward correction, recalling that the next target reaches 87.20.
Therefore, we continue to favor the downward trend during the coming sessions supporting by resistance line 91.35 ,taking into account that breaching 91.35 will stop the negative scenario and lead the price to attempt to restore the main upward trend again.
Additionally ,Today News will affect the market .
support line : 88.04 , 87.22
resistance line : 89.35 , 91.52
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
The short-term supply of crude oil is insufficient.Thanks to many traders for their support, please remember to give me a like, thank you very much.
Can the current short-term crude oil supply shortage be resolved? Demand expectations need to remain cautious. The daily trend of crude oil is temporarily maintained at a high level, and the current price range is temporarily compressed between 91-90 on the 4-hour trend.
Operation suggestion: short around 90.2-4, stop loss 91.1, target 89.3-89.6
I would like to remind all my friends to do good risk control and wish everyone smooth trading.
US Crude Oil 4H :try to retest US OIL
OUTLOOK
Oil prices rose on Monday as investors focused on expectations of tighter supplies after Moscow issued a temporary ban on fuel exports amid continuing concerns that another interest rate hike could dampen demand.
Technical abstract :
We note that the price of Oil was unable to continue the rise, recording a lower peak and providing signs of a possible return to the downward corrective path, waiting to test the 89.35 level initially, noting that breaking this level will push the price towards the 88.04 areas as a next corrective target.
Therefore, we expect to witness negative trading during the coming sessions, taking into account that breaching 91.52 will stop the expected decline and lead the price to resume the main upward trend again.
The expect range trading for today it will be between resistance line 91.52 and support line 89.35 until stabilized .
Support line : 89.35 , 88.04
Resistance line : 91.52 , 93.02
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Crude Oil: Today’s Strategy Advice!
The top of crude oil is empty near 92-92.3, and the defense is 93.5, and the target is around 90 and 89.5. The bottom is long near 89.5-90, and the defense is 88.5, and the target is around 89.2-88.7. Specifically, wait for the real-time strategy to update the entry point, and you need to follow up offline. Friends who do not follow up in real time may make operational mistakes. You can join the group to pay attention to the latest news and follow market trends in real time. Strategies are subject to change at any time.
USOIL:Choose direction
The trend of oil is still the same as I said, fluctuating in the range, as long as you follow my strategy, you should be able to have a nice weekend.
Oil rose as high as 91.3 today, but fell and did not break through the range in the end. When the second rise did not break through the high of 91.3 and fell back within the range, then you can sell decisively.
Now there are still fluctuations in the range, so the range is still valid. You can still buy at the low point and sell at the high point in the range. Waiting for the trend to break through the range, we can judge the final trend of oil.
Because oil has not risen to break through the range for three consecutive times, now we have to observe the support points in the range. If the support points cannot be effectively supported, then the possibility of oil falling will be greater.
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9.25-9.29 USOIL Weekly OutlookHello traders,
USOIL is still on a very strong bullish trend on weekly chart even though it finished a little bearish candlestick last week.
This is the first bearish signal in last 4 weeks.
But this may not be a signal for reversal.
The red arrow is the plan for a weekly correction which it is not easy to say it would happen in a very high possibility.
In fact, I will check the range of last week as buyer zone and seller zone in the last trading week of Sep. And find a new signal to buy again in 4h CHART.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
The High Oil Price ConundrumI'd like to draw your attention to an issue that has been brewing beneath the surface, silently impacting emerging market countries and their currencies. It is the high oil price, which many argue functions as a form of tax, cooling economic growth and putting additional strain on these nations.
The recent surge in oil prices has undoubtedly caught the attention of investors and traders worldwide. While this may appear to be a favorable opportunity for short-term gains, we must consider the long-term repercussions it may have, particularly on emerging market economies. These nations, often characterized by their growing industries and developing infrastructure, are now facing an unexpected challenge that threatens their progress.
The high oil price acts as a burden on emerging market countries, effectively functioning as a tax that hampers economic growth. As these nations rely heavily on imported oil to sustain their industries and meet domestic energy demands, the rising cost of oil significantly impacts their budgets. The increased expenditure on oil imports leaves less room for investment in vital sectors such as education, healthcare, and infrastructure development.
Furthermore, the high oil price also exerts pressure on emerging market currencies, leading to depreciation against major global currencies. This depreciation, in turn, makes imports more expensive, exacerbating the already strained economic situation. As a result, these countries face a double whammy of reduced purchasing power and increased inflationary pressures, further dampening their economic prospects.
In light of these challenges, I would like to encourage you to pause and reflect on the potential consequences of trading oil at its current high price. While the temptation to capitalize on short-term gains may be strong, let us not overlook the broader impact on emerging market economies. By exercising caution and restraint, we can contribute to a more sustainable and balanced global market ecosystem.
As traders, we have a responsibility to consider the long-term implications of our actions. By taking a step back and re-evaluating our trading strategies, we can help mitigate the negative effects of high oil prices on emerging market countries. This pause will allow these nations to regain their footing and implement measures to alleviate the burden imposed by soaring oil prices.
Let us remember that our actions have far-reaching consequences. By acting responsibly and with a cautious approach, we can contribute to a more equitable and stable global market environment. Together, we can help ensure the sustainable growth and development of emerging market economies, benefitting us all in the long run.
Thank you for your attention, and let us pause, reflect, and trade responsibly.
USOIL:Trading strategy
Oil is the same as I predicted yesterday. Today, it fell directly and broke through the support point, but Russia suddenly announced a ban on the export of gasoline and diesel, causing oil to rise again. Now the trend of oil has become blurred.
Now we can only observe the resistance and support points of the range
The range is 88.9-91.1
So we can trade in the range.
Strictly set the stop loss and wait for the trend to become clear
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2209 USOIL retest top and retest the bottom?Hello traders,
This is 1H chart for USOIL.
It is expecting a sideways price action for USOIL on 1H chart which wont change our view on usoil that it is still on a strong bull trend.
Price got rejected from the top again and now turning down to make a test on the bottom. This is looking like a big ABC move from the top.
Good luck on this selling plan.
LESS IS MORE!
Oil Prices Take a Dip as Fed Hints at Rate HikeBuckle up, because the market is buzzing with potential opportunities for those willing to take a leap of faith. Sit tight, as we explore how recent developments in the US economy, China's recovery, and tightening supplies could pave the way for a potential rise in oil prices, with a target of $100. Get ready to seize the moment and make the most of this oil dip!
The Fed's Rate Hike Indication:
In a recent turn of events, the Federal Reserve has given clear indications of an imminent rate hike. While this news may have initially caused some concern, we encourage you to look at the bigger picture. Historically, rate hikes have often been accompanied by an upswing in economic activity, which can subsequently drive up demand for oil. This positive correlation between rate hikes and oil prices should not be overlooked.
Tightening US Supply:
Adding fuel to the fire is the tight supply of oil in the United States. With production levels constrained and inventories shrinking, the stage is set for a potential supply-demand imbalance. As the US economy gradually recovers from the pandemic-induced slump, we anticipate an increase in oil consumption, further intensifying the upward pressure on prices.
The US-China Economic Output Recovery:
As we all know, the global economy heavily relies on the growth of two economic powerhouses: the United States and China. With both nations showing signs of recovery, it's only a matter of time before their increased demand for oil begins to reflect in the market. As the world's top two consumers of oil, their economic output rebound could be the catalyst that propels oil prices to new heights.
www.aljazeera.com
www.bloomberg.com
Call-to-Action: Seize the Opportunity!
While oil prices may be experiencing a temporary dip, we encourage you to see this as an opportunity rather than a setback. History has shown us that these market fluctuations can often be the perfect moment to enter the market at a more favorable price point.
Keep in mind that the current dip in oil prices might not last long. As the global economy recovers and the demand for oil surges, it's highly likely that prices will rise again. So, we urge you to seize this moment and consider buying in the oil dip, with the expectation that prices will soon bounce back.
Conclusion:
As we wrap up, we hope you're as excited as we are about the potential for oil prices to rise in the near future. The combination of the Fed's indications, tightening US supply, and the recovering economic output of the US and China presents an enticing opportunity for traders like you.
Remember, timing is everything. Don't let this oil dip pass you by. Take action, buy in, and get ready to ride the wave as oil prices surge once again. Happy trading, and may your investments be fruitful!
USOIL TRADE IDEAHi all
I seek two more waves to complete wave 5 and search for long oil.
I only intend to enter the market once a trendline has broken and pulled back.
**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
USOIL:Trading strategy
Oil finally fell. When many people thought it would rise, I always believed that oil would fall.
Because since last week, oil prices have been postponed last week because of the joint production cuts by Saudi Arabia and Russia, but the technical indicators show that they have been overbought.
Our medium-term goal is still 86
Short-term trading advice:
USoil:Sell:91-92
TP1:90.1
TP2:89.2
TP3:88
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