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Usoilanalysis

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
Oil Price Advances Await OPEC+ Supply DecisionIntroduction: Attention all traders! Exciting times lie ahead as the oil market anticipates the next move from the OPEC+ supply alliance. With recent price advances and favorable market sentiment, now is the perfect opportunity to seize the moment and consider a long position in oil. In this article, we will delve into the current state of the oil market, explore the factors driving price advances, and present a compelling call to action for traders looking to make the most of this promising situation. The Current State of the Oil Market: In recent months, the oil market has witnessed a remarkable price recovery, bolstered by global economic reopening and increased demand. The OPEC+ alliance, comprising major oil-producing nations, has played a pivotal role in stabilizing the market through supply adjustments. As traders, we eagerly await their next move, which is expected to impact oil prices substantially. Factors Driving Price Advances: Several factors have contributed to the recent oil price advances, igniting excitement among traders. Firstly, the booming global vaccination campaigns have led to a resurgence in economic activity, particularly in the transportation and manufacturing sectors. This surge in demand has resulted in a gradual drawdown of global oil inventories, further tightening the market. Secondly, geopolitical tensions and supply disruptions have added fuel to the fire. Events such as conflicts in vital oil-producing regions, weather-related disruptions, and unexpected outages have put additional pressure on oil supplies, creating a bullish environment for traders. Call-to-Action: Long Oil Now! Now, more than ever is the time to consider a long position in oil. The confluence of positive market sentiments, increased demand, and potential supply constraints presents an opportunity for traders to capitalize on potential price gains. By taking a long position in oil, you align yourself with the current market dynamics, positioning yourself for potential profits as prices advance. However, conducting thorough research and analysis is crucial before making any trading decisions. Stay updated with the latest news and developments surrounding OPEC+ decisions, global economic indicators, and geopolitical events that can influence oil prices. Utilize technical analysis tools and consult expert opinions to make informed trading choices. In conclusion, the oil market is witnessing an exhilarating period as traders eagerly anticipate the next move from the OPEC+ supply alliance. With price advances and bullish market sentiments, now is the time to consider a long position in oil. Seize this opportunity, conduct thorough research, and make informed trading decisions to maximize your potential profits. Get ready to ride the wave of oil price advances and make your mark in the trading arena! Remember, oil trading is highly volatile and requires careful consideration. Exercise caution and implement risk management strategies to protect your investments. Happy trading! (Note: This article is for informational purposes only and does not constitute financial advice. Traders should research and consult with professionals before making investment decisions.)
TVC:USOILLong
by bryandowningqln
9.04-9.08 USOIL Weekly OutlookHello traders, This a new week outlook for usoil. First let review last week outlook. USOIL did not make a lower support than FIBO 382 but keep rising up all week to 86. The resistance zone now has become a support zone which could be a position for support or fake breakout. So, for the simplest plan is that price retest the support and make a new high up to fibo 1.27-1.414. The second plan is USOIL turn down for a fake breakout, making a long shadow candlestick to position 2 and rising up again with Z pattern and make up to FIBO 1.27-1.414 or higher position. See, all plans for this week are looking for position to buy not sell. Would you agree? GOOD LUCK!!! LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
Crude oil: exceeded my expectations and keeps rising Crude oil bulls continue to take the initiative in the market and pulled up again yesterday. It is now close to the previous secondary high of 85.5. This is not the ultimate goal of the bulls, but the only thing that needs to be considered is that there may be an adjustment within the day and then rise. In the short term The node still looks at the previous high of 87 as the target. According to the deduction of the wave trading system, the main reason why crude oil is expected to rise is that: the overall rising rhythm of waves 3 and 5 has gradually changed from the initial shock upward to a unilateral rise, and the performance of bulls has become more and more obvious. Crude oil pressure 85~85.3, For crude oil operations, it is recommended to buy at 84.5, with a target of 84.0~84.50. (The point may be revised as the market changes during the day, subject to real-time strategy)
TVC:USOILLong
by Dylan-Jones
0109 USOIL turning down for a correction on NFP Day Hello traders, USOIL is on a plan for correction right now. First lets review our outlook of USOIL in this idea. USOIL did not make a sideways price action but went up straight to the weekly resistance zone. Now should us think about correction or sideways price action for USOIL? Yes. On this 4H chart, with a later NFP releasing, it is possible for USOIL to make a test once to 84.84 and turn down for a correction. Corrective wave could down to hit FIbo 382-618 zone. GOOD LUCK ON WAITING FOR MORE SIGNALS. LESS IS MORE!
TVC:USOILShort
by FUNTRADER-Vera
3
2608 USOIL Weekly OutlookHello traders, USOIL seems making a big weekly W bottom. Focusing back to last few weeks price action, Oil seems just making a fibo 382 correction and still standing on the EMAS. It still looks bullish on this chart. With the potential uptrend green channel on this chart, it would be very nice for buyers if oil finish correction and turn up again to reach the upper line of the channel. Otherwise, it goes sideways to break the channel before rising WITHOUT MAKING ANY NEW LOW. These are simple plans on weekly chart. What makes it hard is your patience for the signals to trade. GOOD LUCK !!! LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
USOIL 4H (Pivot Price: 81.38) Hello, Crude oil price shows new positive trades to support the continuation of the expected bullish trend on the intranet basis, stabilizing above 81.38 ill support rising to touch 82.97 then 83.72then 84.70 stabilizing under 81.38 will support falling to touch 80.51 the 79.28 Pivot Price: 81.38 Resistance prices: 82.97 & 83.72 & 84.70 Support prices: 80.51 & 79.46 & 78.28 timeframe: 4H ❤️Please, support my work with like, thank you!❤️
TVC:USOILLong
by Evar_Mayi
Navigating Oil Price Rises as Supply Tightens and China PMI Edge Introduction: As the global economy gradually recovers from the pandemic-induced slump, a combination of factors has led to a tightening of oil supply, resulting in a notable rise in oil prices. Coupled with China's Purchasing Managers' Index (PMI) showing signs of improvement, the time might be ripe for investors to consider long positions in oil. In this article, we will delve into the reasons behind the oil price surge the impact of China's PMI on the market, and provide a call-to-action for those seeking investment opportunities in the oil sector. Understanding the Supply Tightening: One of the primary factors driving the recent surge in oil prices is the tightening of supply. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been implementing production cuts to stabilize the market. These cuts and the ongoing global economic recovery have gradually reduced oil inventories, causing prices to climb. China PMI and its Influence: As the world's second-largest oil consumer, China is crucial in shaping global oil demand. The country's PMI, a key economic indicator, provides insights into the health of its manufacturing sector. As China's PMI edges higher, it suggests increased industrial activity and, subsequently, higher oil demand. This positive trend in China's PMI can potentially contribute to further price appreciation in the oil market. Call-to-Action: Long Oil For investors seeking potential opportunities in the oil market, now might be an opportune time to consider long positions in oil. As supply tightens and China's PMI shows improvement, the market dynamics appear favorable for potential gains. However, it is essential to approach oil investment cautiously and conduct thorough research before making any decisions. Here are a few key points to consider: 1. Diversify Your Portfolio: While oil investment can be lucrative, it is crucial to maintain a diversified portfolio to mitigate risks. Allocating a portion of your investment to oil can help balance your overall portfolio and potentially enhance returns. 2. Stay Informed: Keep a close eye on global oil market trends, geopolitical developments, and economic indicators like China's PMI. Staying informed will enable you to make informed decisions and seize opportunities as they arise. 3. Consult a Financial Advisor: If you are unsure about navigating the complexities of the oil market, seek guidance from a qualified financial advisor. They can provide personalized advice based on your investment goals and risk tolerance. Conclusion: As supply tightens and China's PMI edges higher, the oil market presents potential opportunities for investors. By understanding the factors driving oil price rises and staying informed about market dynamics, investors can potentially make informed decisions to benefit from this upward trend. However, it is essential to approach oil investment cautiously and seek professional advice if needed. With careful consideration and prudent investment strategies, long positions in oil may prove advantageous for those seeking to diversify and capitalize on the current market conditions.
TVC:USOILLong
by bryandowningqln
3
Oil Moves Up as China Extends Support to Boost EconomyIntroduction: In a positive turn of events, the global oil market has witnessed a significant uptick as China, the world's largest importer of crude oil, continues to implement measures to bolster its economy. This development has injected a sense of cautious optimism among traders, who now have an opportunity to capitalize on the upward momentum. In this article, we explore the recent support from China and provide a call to action for traders to consider loading up on oil slowly and conservatively. China's Economic Support: China's commitment to revitalize its economy has been the driving force behind the recent surge in oil prices. The nation's robust economic recovery plan, including increased infrastructure spending and a boost in domestic consumption, has instilled confidence in the oil market. As China's demand for oil rises, traders can anticipate a positive impact on prices. The Impact on Global Oil Prices: China's unwavering support for its economy has a ripple effect on the global oil market. As the nation's demand for oil escalates, it creates a favorable environment for prices to climb steadily. This upward trajectory can be seen as an opportunity for traders to enter the market and potentially reap the benefits of this positive trend. Call-to-Action: Load Up on Oil Slowly and Conservatively While the recent developments in the oil market are encouraging, traders must exercise caution and adopt a conservative approach. Here are a few key considerations to keep in mind: 1. Analyze Market Trends: Before making investment decisions, carefully analyze market trends, supply-demand dynamics, and geopolitical factors that may impact oil prices. Stay informed by following reputable news sources and consulting expert opinions. 2. Diversify Your Portfolio: To mitigate risks, it is advisable to diversify your investment portfolio. Allocate a portion of your resources to oil while maintaining a balanced approach across various sectors and commodities. 3. Set Realistic Targets: Establish realistic profit targets and risk management strategies. Avoid succumbing to the temptation of quick gains, as oil prices can be volatile. A gradual and measured approach will help you navigate potential market fluctuations. 4. Stay Informed: Continuously monitor global economic indicators, geopolitical developments, and policy changes influencing oil prices. Being well-informed will enable you to make informed decisions and adjust your strategy accordingly. Conclusion: China's commitment to supporting its economy has breathed new life into the oil market, offering traders a window of opportunity. However, it is crucial to approach this opportunity with caution and a measured mindset. By following a conservative investment strategy, analyzing market trends, diversifying portfolios, and staying informed, traders can benefit from the current upward trend in oil prices. Remember, slow and steady wins the race. Call-to-Action: Embrace this cautious optimism and consider loading up on oil slowly and conservatively regarding the considerations above. By doing so, you can align your investment strategy with the positive market sentiment and potentially capitalize on the upward movement in oil prices.
TVC:USOIL
by bryandowningqln
2