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Usoilanalysis

USOIL WEEKLY UPDATE hello trader... I noticed a divergence in the daily oil chart between the rsi and waves 3 and 5. Rsi is still over 50 level in daily chart, which leads me to believe that the uptrend is still in progress. yet H4 rsi is currently below 50 level. My plan is to short around $93.7 and monitor the RSI daily whether I can stay below the 50 level or any news from us or any oil announcement . a break above previous high might took oil to next resistance level at $101. so hold you buy. **I have no intention of using my trading approach as a signal. I'm practicing my trading strategies, learning about market dynamics, and figuring out the best way to enter the market in the right direction.
BLACKBULL:USOIL.FShort
by mytw0cents
Oil Spikes 5% Following Hamas Attack in Israel Following a recent attack by Hamas in Israel, oil prices have surged by 5%, and it is crucial for us to closely monitor this situation. The attack in Israel has heightened geopolitical tensions in the region, which historically have directly influenced oil prices. As traders, it is essential for us to exercise caution and remain vigilant during times of increased volatility. The recent spike in oil prices serves as a stark reminder of the potential risks and opportunities that can arise in the energy markets. Given the current circumstances, I strongly encourage you to closely watch the oil market and closely monitor any further developments in the region. It is essential to stay informed and be prepared to act swiftly if necessary. As we have seen in the past, geopolitical events can have a lasting impact on oil prices, and it is crucial to be proactive in managing our positions. In light of this situation, I suggest the following actions: 1. Stay informed: Keep yourself updated on the latest news and developments in the Middle East, particularly regarding the Israel-Hamas conflict. Reliable news sources and market analysis can provide valuable insights into potential market movements. 2. Monitor oil prices: Regularly track the price of oil and observe any significant fluctuations. Pay attention to key support and resistance levels, as they can help inform your trading decisions. 3. Diversify your portfolio: Consider diversifying your trading portfolio to mitigate potential risks associated with geopolitical events. A well-diversified portfolio can help protect against unexpected market movements. 4. Implement risk management strategies: Review and reassess your risk management strategies to ensure they are robust and aligned with your trading goals. Set appropriate stop-loss orders and consider using trailing stops to protect your positions. Remember, caution is key during times of heightened volatility. While the situation may evolve rapidly, it is essential to approach trading with a level-headed mindset and avoid making impulsive decisions based on emotions.
TVC:USOIL
by bryandowningqln
1
USOILA new round of military conflict broke out between Israel and Palestine last weekend, an incident that had a major impact on financial markets on Monday. International oil prices soared more than 4% after the opening, and the key to the market is whether the conflict is under control or spreads to other regions, especially Saudi Arabia. At least at the beginning, the market seems to think that this situation will be limited in scope, duration and oil price impact. , but volatility is expected to be higher.
TVC:USOILLong
by Traders-Nino
USOIL's trend remains rising.If the United States tightens sanctions on Iran, analysts at Commonwealth Bank of Australia (CBA) estimate that about 0.5-1.0% of global oil supply may be affected, which would push Brent crude oil prices above $100 per barrel. A further risk is whether Iran will try to disrupt oil shipments through the Strait of Hormuz, through which 15-20% of the world's oil supplies pass. The continued rise in oil prices will have a negative impact on inflation, but it will also impose a burden on consumers, so the impact on interest rates is not direct.
TVC:USOILLong
by Traders-Marvin
3
Oil Experiences Worst Declining Week Since March Last week, oil prices suffered a significant decline, marking the worst week since March. This alarming development demands immediate attention, and I strongly urge you to consider taking advantage of this unprecedented opportunity to short oil. The oil industry, which has been grappling with numerous challenges throughout this year, is now facing a new wave of uncertainty. The recent decline in oil prices has sent shockwaves through the market, raising concerns about the stability and future prospects of this crucial commodity. As traders, it is our responsibility to stay ahead of the curve and capitalize on these fluctuations. By shorting oil, we can potentially profit from the ongoing downtrend and mitigate the risks associated with the volatile nature of this market. This strategy allows us to sell oil contracts at current prices, with the intention of repurchasing them at a lower price in the future. However, timing is of the essence, as the window of opportunity may be limited. It is important to acknowledge that the current decline in oil prices is not without its reasons. Factors such as weakening global demand, oversupply concerns, and geopolitical tensions have contributed to this downward spiral. The ongoing COVID-19 pandemic, geopolitical conflicts, and the transition towards renewable energy sources further compound the challenges faced by the oil industry. Considering the gravity of the situation, it is crucial that we act swiftly. I encourage you to conduct thorough research, analyze market trends, and consult with your trusted advisors to determine the best course of action. While shorting oil presents an opportunity, it is essential to weigh the risks and rewards based on your individual risk appetite and trading strategy. To seize this opportunity, I recommend closely monitoring the oil market, staying updated on the latest news, and utilizing technical analysis tools to identify potential entry and exit points. Additionally, it is prudent to set clear profit targets and implement risk management measures to protect your investments. Remember, as traders, we are constantly navigating through uncertain waters, seeking opportunities amidst volatility. The current decline in oil prices presents a unique chance to capitalize on the market's downward momentum. However, I urge you to exercise caution, conduct thorough research, and make informed decisions. Please feel free to comment below if you have any questions or require further assistance. Let us seize this moment and make the most of this unprecedented opportunity to short oil.
TVC:USOILShort
by bryandowningqln
3
Crude oil, rebound and pullback WTI crude oil has fallen in five of the past six trading days, falling by more than 13%, giving up all gains since September. Oil prices have now fallen back to key support near $82.0. The U.S. non-farm payroll data for September will be ushered in today, and short-term fluctuations in oil prices are expected to further intensify. Looking at the daily chart of crude oil, oil prices stopped rising at the high of 95 and entered a correction state, with the K line being negative for three consecutive years. Although oil prices have not yet fallen below the moving average system, the current mid-term objective still maintains an upward trend. But from the perspective of kinetic energy, a change occurred first, and the bears gradually became stronger. It indicates that the mid-term trend is expected to enter a large-scale adjustment pattern. The K-line fell below the support of the moving average system. The original mid-term rise ended in stages, and it is expected to usher in a larger wave of correction. Strategy: long at 81.5, short at 82.4
TVC:USOILLong
by Dylan-Jones
US Crude Oil 4H :Downtrend under 82.00USOIL New forecast The price perfectly fulfills my last idea and price reached to our first target . The oil price shows further strong decline to reach the verge of the new expected negative target at 82.00, and is under continuous negative pressure that makes us likely to exceed this level and open the way for more losses in the immediate and short term, heading towards visiting the 80.56 and then 79.10 areas as next negative targets. Hence, the downward trend scenario will remain likely for the coming period, keeping in mind that failure to break the 82.00 level will lead the price to attempt to recover and build an ascending wave targeting testing the 84.81 level initially. The expected trading range for today is between support 82.00 and resistance 84.81 until breaching one of them . Additionally ,Today News will affect the market . support line : 82.00 , 80.56 resistance line : 84.81 , 86.17 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
2
Crude oil: all the way down Through the analysis of the hourly chart of crude oil, we know that yesterday’s market rebound was unable to continue the downward trend. It has now reached the 82.3 line and has slowed down the downward trend. We can clearly see from the attached picture below that a phased bottom signal has appeared again. In the last time When it appeared, it rebounded slightly and reached the No. 2 pressure level above and then fell back. At present, the No. 1 pressure level above has in turn become the first pressure. In the short term, we will continue to focus on shorting on rallies. Strategy: 84.1 short
TVC:USOIL
by Dylan-Jones
US Crude Oil 4H: Support further declineUSOIL New forecast The oil price presents new strong negative trades to break the 84.81 level and settle below it, halting the proposed positive scenario and heading towards achieving a further expected decline in the immediate term, paving the way for heading towards 82.00 and 80.56 as the next negative targets. Therefore, we expect the bearish tendency to continue during the coming sessions, noting that breaching 84.81 and holding above it will lead the price to begin new recovery attempts in the immediate term. The expected trading range for today is between support 82.00 and resistance 84.81 . Additionally ,Today News will affect the market . support line : 82.00 , 80.56 resistance line : 84.81 , 86.17 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
10
Crude oil fallsCrude oil will continue to retreat when it falls. Crude oil fell sharply yesterday and closed down. The momentum of the oil price's opening decline has slowed down and has stopped falling. However, it is only a technical recovery, and the indicator signals are still biased downward. Amid the general downturn in global financial markets, oil markets remain under pressure despite Saudi Arabia and Russia reiterating that they will continue to cut production until the end of this year. The rise in oil prices has stalled as market sentiment continues to deteriorate amid expectations that interest rates will rise for an extended period.
TVC:USOILShort
by Traders-Marvin
USOIL:Observe trends Today, the lowest level of oil fell to around 87.76, but in the end it still returned to the range.Therefore, the success rate of trading in the range is currently very high. Today, oil fell below the range. At present, we need to pay attention to 89.7. This place determines where the next direction is. If it continues to fall below 89.7, then oil is still a downward trend. If the rise breaks through 89.7 and stands firm, then it can be judged that the probability of oil rising increases. If you want to trade in the range, then you need to judge his trend and the impact of the news. If my thoughts are helpful to you, please like and subscribe
TVC:USOIL
by UnknownUnicorn60055110
Potential Oil Decline Amidst Tight Supply and Fed Rate HikeRecent market dynamics, characterized by a tight supply scenario and growing speculations of a Federal Reserve rate hike, have raised concerns about the future trajectory of oil prices. 1. Tight Supply Scenario 2. Speculations of a Federal Reserve Rate Hike Given these circumstances, it is crucial to approach oil trading with caution. The combination of a tight supply scenario and the possibility of a Federal Reserve rate hike creates an environment of heightened volatility and increased risks. Therefore, we strongly recommend pausing oil trading activities until further clarity emerges. At this juncture, it is essential to reassess your investment strategy and consider the potential impacts of these factors on your portfolio. We encourage you to consult with your financial advisor or reach out to our dedicated team of experts who are available to provide you with tailored guidance and support. In conclusion, we believe it is prudent to exercise caution and refrain from making any hasty decisions regarding oil trading. The current market conditions, characterized by tight supply and speculations of a Federal Reserve rate hike, warrant a careful approach to mitigate potential risks.
TVC:USOIL
by bryandowningqln
USOIL:Fluctuation in the range Last week, oil broke through the range of 88.3-91.2 and rose as high as near 95. Last week, I predicted that if it breaks through 91.2, it will be more likely to rise, but I did not expect that oil will rise so much. Every time it rises rapidly, there will definitely be a reversal. Now the oil is around 89.7 and it is back in the range, so now we still judge the transaction based on 88.3-91.2. If the oil falls below 88.3, then it is necessary to judge that the range is invalid, so you need to observe more when trading, or strictly set the stop loss. It is still possible to buy at low levels and sell cautiously at high levels in the range. If my thoughts are helpful to you, please like and subscribe
TVC:USOIL
by UnknownUnicorn60055110
US Crude Oil 4H : waiting for meeting of the members of OPECUSOIL New forecast The price perfectly fulfills my last idea and price reached to our target . On Wednesday, there is a meeting of the members of OPEC Plus, and the decision is in their hands. Increase production. We will witness a decrease in prices. Extending the reduction, we will witness an increase in prices. Additionally tomorrow we have US crude oil stocks and it will affect on the market . Technical abstract : The price of oil is trading with noticeable positivity, attacking the 88.32 level and trying to stabilize above it, which requires attention in the upcoming trading, as stability above this level will stop the bearish corrective scenario and push the price to try to restore the main upward trend again and support the price to reach 91.14 and 92.48 again . Therefore we expect the upward trend in the coming period supported by bullish channel . Taking into account breach and stabilized under 87.75 will push the price to be under sell pressure and will postponed the bullish attempts Additionally ,Today News will affect the market . I prefer don't trade in this moment until tomorrow to know what the OPEC plus will do . support line : 91.14 , 90.55 resistance line : 92.48 , 94.02 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOIL
by Arazmajeed
3
Crude Oil: Today’s Strategy Crude oil enters the market empty at 88 Continue to watch the decline, continue to watch 82, or even 75 line Any position where crude oil rebounds is short. The current rebound of the big positive line is to enter the market for shorts. Once again, the 88 line enters the market for shorts. Get ready for a sharp drop to harvest. Crude oil rebounds, but it is still below the middle track of the Bollinger Bands. The short position is empty. Operation strategy: short crude oil at 88, stop loss at 89, target at 82
TVC:USOILShort
by Dylan-Jones