WTI Crude Oil 4HGenerally if we look at it the direction is bullish, it might do a down retest and it will rise again.
If the direction was under 89.90 it will go down and touch 88.11 , 86.08 then 85,00
But if the direction rised again and stabilized on 90.92 the direction will rise and touch 92.19 , 93.27 then 95.03
Resistance prices: 92.19 & 93.27 & 95.07
Support prices: 88.11& 86.08& 85.00
timeframe: 4H
Usoilanalysis
Russia Oil Shipment Hits 3-Month High,NEW Oil Price Target As you may be aware, Russia's oil shipment has hit a new three-month high, which has prompted us to revise our oil price target to $100. In light of this, we believe there may be a potential opportunity for long oil positions.
However, before proceeding further, I would like to emphasize the need for caution and prudence when considering any investment decision. While the recent increase in Russia's oil shipment is a positive indicator for oil prices, it is crucial to consider various factors that may impact the market dynamics.
We encourage you to thoroughly analyze the market conditions, including geopolitical tensions, global economic recovery, and any potential disruptions in the supply chain. These factors can significantly influence oil prices and should be taken into account before making any trading decisions.
Considering the cautious tone, it is imperative to conduct thorough research and consult with your financial advisor or analyst to evaluate the potential risks and rewards associated with long oil positions. Market volatility remains a significant concern, and it is crucial to have a well-defined risk management strategy in place.
With this in mind, we would like to remind you of the importance of diversification. While oil may present an attractive opportunity, it is essential to maintain a balanced portfolio that includes a range of assets across various sectors. This approach can help mitigate potential risks and enhance your overall investment strategy.
In conclusion, as Russia's oil shipment reaches a new three-month high, we believe that the oil price target of $100 presents a potential opportunity for long positions. However, we urge you to exercise caution and consider the various factors that may impact the market dynamics. Thorough research, consultation with experts, and a well-defined risk management strategy are crucial in making informed trading decisions.
Should you require any further information or assistance, please do not hesitate to comment. We are here to support you in navigating the complexities of the market and making sound investment choices
USOIL: Crude oil analysis and layout
Crude oil last week unilateral strong pull up, is currently in high volatility, this wave is still not over, is still a callback to do more, four-hour chart, last week fell back to the mid-track quickly pull up, back just to prepare for the rise, this week is still open at a high level, the current volatility around 91.3, intra-day focus on important support level 89.5/90.3, This position is also the support point of the rail in the four-hour chart, and the position of the tail plate can be more!
Specific layout:
USOIL:BUY@89.5-90.3 TP 92.0
Join me and don't let hesitation and procrastination affect your earning speed!
Crude oil: trend analysis continues to push back more
Although we are currently at the end of a phased rise in crude oil, the bulls are still very strong and continue to hit new highs. Therefore, we still maintain a bullish and long thinking before the necessary turning signal appears. The only thing that needs to be paid attention to is the number of each transaction. Risk control must be strictly implemented to prevent emergencies from occurring. Still looking for opportunities to continue trading lower during the day.
The main reason why crude oil is bullish is that the upward trend of wave 3 and wave 5 is still continuing, and there is still a slight retracement on the way, and it is still bullish. It has now entered the final peak moment of wave 3 of wave 5-5. Crude oil pressure 91.30~92.10, support 91.4
Crude Oil: Today’s Strategy Trend
The retracement of crude oil indeed exceeded expectations, but the bulls still stubbornly recovered the lost ground in the late trading. Therefore, the bullish position is still the main focus at present. The washout on the way is also the result of the long-short contest. If the price falls back to the point during the day, we will still be bullish. Don’t directly chase long positions in early trading.
The main reason why crude oil is bullish is that the upward trend of wave 3 and wave 5 is still continuing, and there is still a slight retracement on the way, and it is still bullish. Now it has been subdivided again and has entered the final peak moment of wave 3 of wave 5-5. Crude oil pressure is 90.80~91.50, support is 89.30~88.70.
For crude oil operations, it is recommended to wait for 90.8 to buy, with a target of 90.80~91.50. If it rises directly to 91.50, we will look at the pressure signals and decide whether to buy the top.
09.18-09.22 USOIL weekly outlookHello traders,
USOIL is on a very strong uptrend on weekly chart now.
Any opportunities to catch a lower price position to open long with reasonable sizes could make a great chance to profit.
Last week we were expecting a correction before new high. That happen on last Thursday.
This week, we should keep following bullish trend on USOIL with a potential strategy to breakout left high 93.20. Up higher position could be fibo 1.618 95.80.
Good Luck!
LESS IS MORE!
WTI Crude Oil 4H (Pivot Price:90.43)USOIL
stabilizing above 90.43 ill support rising to touch 92.19 then 93.27 then 95.07
stabilizing under 90.43 will support falling to touch 88.11 the 86.08
Pivot Price: 90.43
Resistance prices: 92.19 & 93.27 & 95.07
Support prices: 88.11& 86.08& 85.00
timeframe: 4H
Crude Oil: Today’s Trend Strategy
Crude oil continues to rise in the direction of the trend. Any intraday adjustment before reaching the new target of 91.50 is an opportunity to continue to be bullish in the short term. Of course, since the overall increase has been huge enough, the current space above is limited. Another one is in this round. It is the end of the rise, so it is not advisable to be overly bullish.
The main reason why crude oil is bullish is that the upward trend of wave 3 and wave 5 is still continuing, and there is still a slight retracement on the way, and it is still bullish. Now it has been subdivided again and has entered the final peak moment of wave 3 of wave 5-5. Crude oil pressure is 89.40~90.20, support is 88.40~87.90
For crude oil operations, it is recommended to wait for 89.10 to buy, with a target of 89.1~91.50. If it rises directly to 91.50, we will look at the pressure signals before deciding whether to buy the top.
Directly empty, ready to plummet to the 80 line
Crude oil is about to plummet to the 80line, if you have any questions, come to me, it is so domineering
Crude oil’s daily line is obviously in the trend of multiple tops, at least a quadruple top. Every time it rushes to around 82, and then is suppressed strongly. At the same time, there is a waterfall downward, and the Bollinger Bands have closed. already empty
1409 USOIL slow rise after BIG ABC Hello traders,
USOIL has no strong signal to open sell on daily and 4H chart.
And on this 1H chart, could see more clear that on Wed it just finished a BIG ABC wave with CPI momentum. A and C are so close or hit FIBO 382 of last uptrend swing.
From then, USOIL slowly rise up alone with the green trend line.
Will it test fibo 1.27 89.65 AGAIN which it hit once but not broke through yet.
The plan today is looking to entry to join the new swing to higher high.
GOOD LUCK!
LESS IS MORE!
Join the oil rally as WTI surpasses $90!Discover why the oil market is making waves and how you can ride the wave of this exhilarating rally!
Attention, traders! Brace yourselves for some exciting news that will have you itching to jump into the oil market. The oil rally is gaining steam, and it's time to seize this golden opportunity!
The recent surge in oil prices has sent shockwaves through the market, and it's time for us to capitalize on this upward trend. The energy sector is buzzing with optimism, and the time is ripe to consider a long position in oil. So, let's dive into the details and explore the reasons behind this exhilarating rally.
Reasons Behind the Oil Rally
Global Economic Recovery: As economies worldwide rebound from the challenges of the pandemic, the demand for oil has skyrocketed. Industries are reviving, travel is resuming, and this surge in economic activity is fueling the need for energy. It's an ideal scenario for oil traders like us!
Supply Constraints: OPEC+ and other major oil-producing nations continue to maintain production discipline, ensuring a controlled supply of oil. This strategic move, coupled with reduced investments in new oil projects, has created a supply-demand imbalance that's favoring higher prices. It's the perfect storm for a sustained rally!
Geopolitical Factors: Geopolitical tensions and conflicts in oil-rich regions have intensified, raising concerns about potential disruptions in supply. Such uncertainties often drive oil prices higher, providing us with ample opportunities to profit from this market volatility.
The Call-to-Action: Join the Oil Rally!:
Now, here comes the exciting part - the call to action! I encourage you to consider taking a long position in oil and ride the wave of this oil rally. By capitalizing on this upward momentum, we can potentially secure significant gains in the coming months. Timing is everything, and this could be the golden opportunity we've been waiting for!
Remember, successful trading requires careful analysis, risk management, and staying informed. Keep a close eye on market developments, leverage technical indicators, and adapt your strategy accordingly. As always, it's crucial to consult with your financial advisor or conduct thorough research before making any investment decisions.
Embrace the Bullish Phase and Thrive in the Oil Market!
So, let's embrace this bullish phase with enthusiasm and embark on a profitable journey together. The oil rally is calling, and I can't wait to see you thrive in this exciting market! Get ready to ride the wave of the oil rally and secure your spot on the road to prosperity.
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble." - Warren Buffett
US OIL / WTI Analysis 14Sep2023US Oil has a very strong bullish, by always forming new high. If at the end of this clock, a bullish candle is formed which is quite thick, it is likely that the price will continue to the right price of 91 in the Fibo extension area of 0.786 and contact with the channel line. We see again how the market reaction in the price area.
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!
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.
WTI Crude Oil 4H (Pivot Price:86.08)
USOIL
stabilizing above 86.08 ill support rising to touch 88.11 then 90.43 then 92.19
stabilizing under 85.00 will support falling to touch 82.96 the 81.14
Pivot Price: 86.08
Resistance prices: 88.11 & 90.43 & 92.19
Support prices: 82.96 & 81.14 & 78.21
timeframe: 4H
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!
USOIL - Expect retracement ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
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09.11-09.15 USOIL Weekly outlookHello traders,
USOIL is simple on this weekly chart.
Check the arrow with us now.
If price would have to make a correction, I prefer to set target round 84.7.
And wait for new confirming signal to open buy again.
Since all price action right now shows strong will to rise, I would prefer more focus on buying plan for OIL, up to targeting 1.27 position 89.65.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
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.