US Crude Oil 4H : OutlookUSOIL
New forecast
The oil price is facing strong support around 90.55, providing signs of an attempt to build a new ascending wave, which requires attention in the upcoming trading, as breaching 92.50 represents the key to restoring the main upward trend and heading towards 94.02 initially, while the price needs to break 90.55 to confirm the continuation of the bearish correction and head towards levels 89.35 then 88.30 as the next main targets.
The expected trading range for today is between support 90.50 and resistance 92.48
Additionally ,Today News will affect the market .
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 ❤️
Usoilanalysis
USOIL is about to rise.USOIL reached a peak of 93.000 last week, and the trading strategy this week is still long. First of all, it has experienced two declines and is now hovering around 91.100. My suggestion is to enter the market now and take profit at 91.800. Stop loss 90.700. Good luck and happy trading.
Gold: It may fall to 1800! ! !
Gold fell from around 1930 to around 1845, with basically no rebound, that is, the bulls surrendered directly. This trend is obviously a short trend, and the lows continue to fall. Even a rebound of a few dollars is directly swallowed up by the big negative line. This It’s short energy.
The four-hour line of gold price has entered the next level. It continues to be a negative line. The era of shorts is obviously coming. The sword below is pointing to the 1811 line, or even near 1615. Anything is possible on the K-line. At the same time, the 50-day moving average continues to run downward, continuing to compress the bulls' Space, there is no possibility of rebound at all, the K line is suppressed by the 50 moving average throughout the whole process, and it is pressed to the floor and rubbed, empty, 1834 empty
Ride the Bullish Wave in Oil Trading with OPEC + Supply Cuts!As an oil trader, you'll be thrilled to know that the economic conditions remain bullish, thanks to the continued OPEC + supply cut.
The oil market has been experiencing a remarkable rebound, primarily driven by the collective efforts of OPEC + countries to stabilize prices. With the ongoing supply cut agreement, we have witnessed a gradual reduction in global oil inventories, leading to a more balanced market. This positive trend has undoubtedly instilled confidence in the market, and we believe it is an opportune time to capitalize on this bullish sentiment.
Now, you might be wondering, "How can I make the most of this bullish wave?" Well, fear not! I'm here to guide you towards the path of success. Here's a call-to-action that encourages you to long oil and seize the potential profits:
1. Stay Informed: Keep a close eye on the latest news and updates regarding OPEC + decisions, global oil demand, and geopolitical factors. Being well-informed will help you make informed trading decisions and stay ahead of the curve.
2. Analyze Market Trends: Utilize technical and fundamental analysis to identify key trends, support, and resistance levels in the oil market. By understanding the market dynamics, you can make more accurate predictions and execute well-timed trades.
3. Diversify Your Portfolio: Consider allocating a portion of your trading capital to oil-related assets, such as oil futures, ETFs, or energy stocks. Diversification can help mitigate risks and maximize potential returns.
4. Set Realistic Targets: Establish clear profit targets and stop-loss levels to manage your trades effectively. Remember, a disciplined approach to trading is crucial for long-term success.
5. Leverage Technology: Take advantage of advanced trading platforms and tools that offer real-time data, market analysis, and customizable indicators. These resources can provide valuable insights and enhance your trading strategies.
By following these steps, you'll be well-positioned to ride the bullish wave in the oil market and potentially reap substantial rewards. Remember, maintaining a positive outlook and embracing opportunities is key to achieving your trading goals.
So, dear traders, let's embark on this exciting journey together and make the most of the optimistic oil market conditions. Stay bullish, stay positive, and let's make some profitable trades!
Crude oil returns to 100
The latest consolidation in oil prices appears to be over, with both Brent and WTI posting solid gains. There are currently no signs of increased supply from major producers, and economic data continues to support the idea of more growth.
Crude oil has now reached 95.04, which has exceeded our expectation of 93.5. Under the current market conditions, crude oil will slowly rise to 100.
Now the trading strategy is pulling back and rising slowly. The range of 93.5-94.8 continues to rise.
Crude oil reaches the position of 94
Oil traders aggressively bought futures and crude oil's 20-day moving average to provide support. Crude oil opened at 90.53 and rose to 94.04 today.
The market direction remains bullish. The current trading trend will be a correction and a slow rise. 94.5-92.4 is the main range.
Seize the opportunity and don't trade blindly.
Oil Prices Continue to Rise - Take Advantage and Long Now!Brace yourselves because Russia's push towards $100 per barrel is causing a wave of optimism that we simply cannot ignore!
The energy landscape has been buzzing with anticipation, and the recent surge in oil prices is a clear indicator of the incredible opportunities that lie ahead. With Russia's bold move, we are witnessing a significant shift in the market dynamics, and this is where you can make a smart move by long oil.
Why should you consider long oil at this moment? Let me break it down for you:
1. Russia's push: Russia's determination to drive oil prices up to $100 per barrel is a game-changer. Their actions are sending shockwaves throughout the industry, creating a perfect storm for traders to capitalize on this upward trend.
2. Global demand: As the world recovers from the pandemic-induced economic slowdown, the demand for oil is rebounding rapidly. With economies reopening, travel resuming, and industries ramping up production, the demand for oil is set to skyrocket, further fueling the price surge.
3. Limited supply: Despite efforts to diversify energy sources, oil remains the lifeblood of our modern world. The supply of oil cannot keep up with the ever-increasing demand, leading to a supply-demand imbalance that favors higher prices. This is an opportunity we cannot afford to miss!
Now, you might be wondering how you can take advantage of this incredible opportunity. Here's your call-to-action:
Act now and consider opening long positions in oil to maximize your potential gains. With the market sentiment favoring an upward trajectory, it's time to ride the wave and make the most of this exciting period. Whether you prefer futures contracts, ETFs, or other oil-related investment instruments, ensure you position yourself for success.
Remember, timing is crucial in the world of trading, and this moment is ripe with potential. Seize the opportunity and make your move before it's too late!
Get ready to embark on an exhilarating journey as oil prices continue to soar. Buckle up, traders, because the time to long oil is now!
Wishing you profitable trades and an exciting journey ahead!
www.bnnbloomberg.ca
UsOil (OIL) -> Most Talked About AssetMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on UsOil.
Looking at the chart of UsOil you can see that just four months ago Oil perfectly retested and already rejected the 0.618 fib level in confluence with previous support structure.
The real next resistance is once again the previous swing high at $110 from which we already saw a major bearish rejection and this means that we have another +20% move on Oil.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
US Crude Oil 4H :try to retest before rise upUSOIL
New forecast
The price perfectly fulfills my last idea and price reached to our targets .
The price of oil rose strongly yesterday to exceed our positive targets suggested in our last report, reaching the 95.00 barrier now, and we expect the upward trend to continue to achieve additional positive targets that reach the 96.60 areas.but before that we expect that the price will try to start a correction to 92.48 and then will rise up.
The ascending channels continue to support the proposed ascending wave, taking into account that breaking 94.02 will stop the expected rise and push the price to begin a downward correction in the immediate term before returning to the rise again.
Additionally ,Today News will affect the market .
support line : 92.48 , 91.14
resistance line : 94.02 , 95.02
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
USOIL:Range fluctuation
The oil is back in the range again. If you trade according to my range, I think you can have a great time today.
Today, the oil price fell to near 88.2, and the low point was tested again, but it still returned to the range, so now we have adjusted the range, the range is: 88.3-91.2
The adjustment of the range range increases the success rate of our trading. As long as it is within the range, we still buy at a low level, sell at a high level, break through the range and then re-observe.
Today, the low was tested for the third time and rose again, so we must observe whether the position above 91.2 will break through. If it breaks through, it is more likely to rise. If you want to sell, pay attention to setting a stop loss.
If my thoughts are helpful to you, please like and subscribe
2809 USOIL still cant stop rising till Fibo 1.27Hello traders,
See there are two pattens on this 4H USOIL chart.
One is the RED ABC wave was expected down to break low of last week.
The other one is the Cypher Pattern to drop from D position.
None of these patterns really happened.
USOIL just retest the low of last week and start to rise from there without any stop.
Now it is sideways in a small range in the Aisa morning. But check out again on EURO morning session, it could rise up again till New York session. The target now is hard to say SINCE buyers are getting crazy, and no one should try to challenge the trend.
Weekly Fibo 1.27 96.72 is where usoil is possible to reach.
No sudden news happen in the last two trading days of Sep could help USOIL up to there.
GOOD LUCK!!!
LESS IS MORE!
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.
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
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
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!