1808 USOIL looking for a correction before new lowHello traders,
USOIL seems has finished its 1st leg down and now is making a corrective wave.
Fibo 382-618 is the possible ending position for corrective wave.
Suggest to check with 382 first because it is also a position where price hit daily EMAS.
The new selling plan is looking for a new low to down to the target zone marked on this chart.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
Usoilanalysis
Navigating the Unpredictable Oil Market: A Call to Closely Monit
Introduction:
In recent months, the global economy has been grappling with the unprecedented challenges brought about by the COVID-19 pandemic. As the world slowly recovers, the Federal Reserve's recent statements regarding inflationary pressures have sparked concerns about the demand for energy, particularly oil. This article aims to shed light on the potential impact of these developments on the oil market and urges traders to adopt a cautious approach while closely monitoring oil prices.
Understanding the Federal Reserve's Inflation Concerns:
The Federal Reserve, in its efforts to stabilize the economy, has expressed concerns over the possibility of inflation not receding as quickly as anticipated. Rising inflation can have far-reaching consequences, dampening consumer spending power and reducing energy demand. As traders, it is crucial to recognize that the oil market is not immune to these potential repercussions.
The Interplay Between Inflation and Oil Demand:
Historically, inflationary pressures have often led to decreased demand for energy as businesses and consumers adjust their spending habits. Higher prices for goods and services can strain budgets, leading to reduced discretionary spending on energy-intensive activities. Consequently, this can impact the demand for oil and its derivatives, causing fluctuations in the market.
The Importance of Monitoring Oil Prices:
Given the uncertain economic landscape, traders must monitor the price of oil closely. By watching market trends and developments, traders can gain valuable insights into the potential impact of inflation on energy demand. This information can help inform trading strategies and enable traders to adapt to changing market dynamics effectively.
Call to Action: Exercise Caution and Stay Informed
As traders, it is essential to approach the current oil market with caution and prudence. The Federal Reserve's concerns regarding inflationary pressures should serve as a reminder that the energy sector may experience volatility in the coming months. Therefore, we strongly encourage you to closely monitor oil prices, market indicators, and economic news to make informed trading decisions.
By staying informed and maintaining a vigilant watch on oil prices, traders can better navigate the potential challenges of inflationary pressures. Consider utilizing reliable sources of market information, engaging with industry experts, and leveraging data-driven analysis to stay ahead of the curve.
Conclusion:
In an era of economic uncertainty, monitoring oil prices becomes paramount for traders seeking to optimize their strategies. The Federal Reserve's concerns about inflation not receding as quickly as expected underscore the need for caution and vigilance. By closely following oil prices and staying informed about market developments, traders can position themselves advantageously and make informed decisions in the face of potential fluctuations in demand for energy.
USOIL - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from 1H bullish order block.
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1608 USOIL it is much easier now.Hello traders,
USOIL got a direct rejection from the triangle yesterday and turn down to reach 1st support on this chart.
Check this idea:
Now I think things are getting easier.
Just find a new small high to sell it in the following sessions.
Targets for the plan to sell are support 1 and support 2. Fibo 1.27 is also a area for a small correction.
Good luck!!!
LESS IS MORE!
US OIL WTI Analysis 17Aug2023Prices move towards Fibo Extensions 1, which intersect with Fibo Extensions 1,618, and then there is currently a correction. If the Elliot notation is still appropriate, then the price should be there at this time, Wave 4. With there still being the potential for bullishness, you can find an area for Long in SND below.
1708 USOIL plan for a new low as target Hello traders,
We got a lucky plan to sell usoil down to hit our targets.
USOIL is still on a bearish trend and would not be hard to expect a new low after some range of correction.
The new plan is still keep finding a new positin to open sell on this commodity.
In the asia session, usoil still could not stop dropping. But it is not my style to open sell in such chart.
Wait for $0.5-$1 correction back to test 79.8-80, and wait for a new signal, targeting the bottom zone on this 4H chart.
GOOD LUCK on this plan.
LESS IS MORE!
WTI USOIL New Support Level
Major U.S. stock indexes closed sharply lower on Tuesday. Market concerns about demand in Asia increased. These will lead to a shock process in crude oil. According to the current transaction, shorting around 81.5 is feasible. TP80.3. If crude oil does not fall below 78 this week, there will be a rebound next week. Overall it's still down.
Gold and Crude Oil Operation StrategiesGold Analysis:
Gold continued to fluctuate and go down on Monday. The highest on the day was 1916 and the lowest was 1902. The daily line closed at 1907. The daily line will see that the price of gold will continue to fall. Pay attention to the breakthrough of 1900. If you break the position, look at 1890-1885, four-hour line, hourly line, Brinkou Downward, and the moving average is densely packed, showing a downward shock. In summary, the intraday operation idea is mainly to fluctuate downward, and the upper watershed is 1920
Gold operation strategy:
1, 1914-1916 short, stop loss 4 dollars, target 1908-1903-1900
Crude oil analysis:
Crude oil fluctuated and went down on Monday, the highest on the day was 83.2, the lowest was 81.7, and the daily line closed at 82.4. From the daily line, there is still room for oil prices to fall. Below, focus on 80, the four-hour line, fluctuating downward, the hourly line, the Bollinger rails are parallel, short-term It will continue to fluctuate, pay attention to the breakthrough of 81, and the intraday operation idea is mainly to fluctuate down, first look at the 84-80 range
Crude oil operation strategy:
1, 83.1-82.9 short, stop loss 0.4, target 82-81.5
2, 80.1-80.2 long, stop loss 0.4, target 81-81.5
USOIL: Will usher in a new wave of decline
Crude oil rebounded slightly and fell again. The idea is to place an empty order at the resistance position of 83-83.2. Friends who read the article may not necessarily wait for the point, but members and friends have kept up. When there is a short signal, decisively enter the market with an empty order. The current price is around 81.3 You can go up a little bit first. This is the difference between the idea of the article and the specific entry. The support resistance is that area. The specific entry depends on the real-time changes in the market. When there is a signal, you can enter the market at 81.0-81.3.
Strategy 81.0-81.3 enter long 82.0-82.2 take profit or enter decline
USOIL:Trading strategy
Today, I expressed my point of view. The trend of oil is the same as I expected. The following is my point of view in the morning.
Oil closed up for the seventh consecutive week last week, continuing its longest streak of gains in more than a year.Because the IEA expects that the increase in global oil demand and the decline in supply will drive oil prices up, but oil will not directly continue to rise. At present, it is a volatile rise. I will continue to observe the trend of oil and share it in my channel.
If you follow me, then you have made money now.
At present, oil has fallen below the rising channel. If it cannot rise back today and tomorrow, then oil will continue to adjust
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
USOIL NEW SL Same Target
Last week saw a sharp move up from both support and resistance levels. Also as I said before this is unsafe and a red flag. On the first day of this week, WTI has fallen from 83.1 to 82.42, which also demonstrates my analysis last week. There may be a new support level around 82.2, but our target is still at 80.5.
Invest rationally and get more signals.
USOIL: 14/8 crude oil analysisLast Friday, crude oil technically showed the characteristics of minor shocks, recovery and recovery. However, the price in the Asian-European trading stage then fluctuated and fell back and fell rapidly, and then stabilized and rebounded after piercing the 82.3 line. In the U.S. market in the evening, the price rose slowly to 83.7 and fell back under pressure, and finally closed around the 83 mark with shocks. The volatility throughout the day is not large, and the price fluctuates back and forth around the 82.2-83.7 range. From a technical point of view, the overall price shows a trend of finishing within a high and narrow range. Even so, the short-term trend is still suppressed by the 84 mark, and stagflation is observed in the short-term period. If crude oil prices fail to make a strong breakthrough today and reach the 84 mark, from a technical point of view, there may still be expectations of an adjustment and a fall. In the upper part, the short-term pressure area is concentrated around 83.8-84. If the market fails to break through here and stand firm, it may trigger a downward trend again, forming a trend of shocks and declines. Below, the support zone is around 81.7-81.5. In intraday trading, investors can first sell high and buy low in this range to seize the opportunity of shock operation.
Crude oil operation strategy: rebound to 83.5-83.8 short, stop loss 60pips, target below 82.0.
Crude oil operation strategy: Step back to 81.3-81.6 to go long, stop loss 60pips, target above 83.3.
1508 USOIL looking for a breakingout of the triangle?Hello traders,
USOIL is on my selling list for now.
There is a squeezing triangle for USOIL to move.
And there are two plans to sell it.
1st (red arrow)
Price makes a fake breakout and turn down very soon after that.
2nd (green arrow)
Price got rejection from the upper line of the triangle and turn down sharply.
Either plan is looking for signals to move.
GOOD LUCK!
LESS IS MORE!
Crude oil: high, short-term first look at the fall
Judging from the current price action, crude oil bulls have encountered a slight resistance, indicating that the market may start to weaken. After experiencing a wave of unilateral gains, the crude oil market was challenged at the 85 level, which may be due to a certain degree of exhaustion in the market, which led to a slight correction. Despite market concerns about an economic slowdown, demand remains resilient, and the fundamentals of the crude oil market look much more optimistic than a month ago. At the same time, due to OPEC+ and Saudi production cuts, supply is decreasing, and short-term crude oil prices may hit 85 again.
When the price encountered obstacles near the upper track and fell back, the price rose twice and failed to stand on the 85 line. There are signs of a short-term fall. The price fall is just a normal correction in the process of rising, and it does not mean that the direction is reversed. Watch the market The price retraces slightly, and there is a risk of continuing to go lower. In the short term, we will first see a wave of decline, and then continue to continue the upward trend. The price fell below the first-line support of the middle rail, and there is a possibility of further decline. In the short-term within the day, we need to pay attention to the support near 82.5 below. Once the price falls below this position, it is possible to step back on the first-line 81.8. In terms of short-term operation ideas, we should first take a wave of prices Stepping back, focus on the resistance in the 82.8-83 area above.
Operating strategy: rebound in the 82.8-83 area and short, stop loss 83.4, target 81.8
Oil Drops After Weak China - A Cautionary Call to Pause on Oil II am writing to you today with a sense of concern and urgency regarding recent developments in the oil market. As you may already know, oil prices have taken a significant hit following the release of weak economic data from China, a key player in the global oil market.
The recent slump in China's economic growth and the uncertain property market have sent shockwaves through the oil industry. As a result, oil prices have experienced a slight decline, leaving many investors worried about the future trajectory of this crucial commodity.
Given the current circumstances, we must take a step back and reassess our investment strategies in the oil market. While oil has historically been a lucrative investment avenue, the current volatility and uncertainty demand a more cautious approach.
Therefore, I encourage you to pause any immediate oil investments and carefully evaluate the potential risks involved. It is crucial to consider the following factors before making any further decisions:
1. China's Economic Slowdown: China's economic growth has been slowing down, and this recent data only adds to the concerns. As the world's largest oil importer, any further deterioration in China's economy could profoundly impact oil demand, leading to a prolonged period of low oil prices.
2. Trade Tensions: The ongoing trade tensions between the United States and China have already caused disruptions in global trade patterns. Any escalation in these tensions could further dampen oil demand and negatively impact prices.
In light of these factors, I strongly advise taking a cautious approach and closely monitoring the developments in the oil market. Diversifying your portfolio and exploring alternative investment opportunities less exposed to the risks associated with the current oil market conditions may be prudent.
Remember, it is always better to prioritize capital preservation during uncertain times rather than chasing short-term gains. By exercising caution and patience, we can better navigate the unpredictable nature of the market and protect our investments in the long run.
Please get in touch with me with any further questions or concerns in the comment section below. Together, we can navigate this challenging period and make informed decisions that align with our investment goals.
USOIL:summary
Oil adjusted yesterday, but in the end it did not break the support point and returned to the upward channel again.
My forecast for next week is still mainly volatility, focusing on resistance and support points.
Reach the support point to buy up, reach the resistance point to sell down, next week I will remind everyone again how to trade according to the market trend.
If you don't know how to trade yet, join me and learn how to trade, or let me guide you in trading.
Are Oil Bulls Too Confident? Proceed with CautionIntroduction:
The oil market has recently witnessed a remarkable recovery, leading many traders to adopt a bullish stance. However, exercising caution and carefully evaluating the current situation is crucial before making any hasty investment decisions. While Russia and Saudi Arabia have committed to significant production cuts, various factors could potentially impact the oil market's stability. This article aims to shed light on the potential risks and rewards of keeping oil in your portfolio, urging traders to approach this situation cautiously.
1. The OPEC+ Production Cuts
2. Geopolitical Uncertainties
3. Global Economic Recovery
4. Transition to Renewable Energy
Call-to-Action:
Considering the potential risks and rewards, traders must approach the oil market cautiously. While Russia and Saudi Arabia's commitment to production cuts provide some stability, the market remains vulnerable to various factors. Therefore, it is recommended to maintain a diversified portfolio that includes oil investments but also incorporates other sectors that may benefit from the global economic recovery and renewable energy transition.
By staying well-informed, monitoring geopolitical developments, and assessing the pace of economic recovery, traders can make informed decisions about their oil investments. Remember, a cautious approach will help mitigate potential risks and maximize opportunities in this ever-changing market.
In conclusion, traders must exercise caution when considering oil investments. While production cuts and other positive factors provide stability, the market remains susceptible to geopolitical uncertainties, global economic recovery, and the long-term shift toward renewable energy. By maintaining a balanced and diversified portfolio, traders can navigate these challenges and position themselves strategically for potential gains.
Keep oil in your portfolio, but do so cautiously, keeping a watchful eye on market dynamics, emerging trends, and geopolitical developments.
Crude oil: today's trend
Crude oil may sell a lot at the moment, so the 84 line is directly empty, because crude oil has reached the top, and it is currently closing the shadow line. If the k-line can be so strong, then he must have a bad fall. It is an extremely dangerous trend, the k-line will definitely return to the moving average, empty, 84 is directly empty.
Operating strategy: crude oil 84 empty, stop loss 85, target 78
USOIL:Trading strategy
Today, the oil has been adjusting. It tested the low twice, but it did not reach the low. The short-term support point of the oil is 83.2.
At present, the oil is still in the rising channel, and you can trade around the range.
Usoil Today's trade building:
Usoil:buy83-83.5 TP:84-85
If you don't know how to trade yet, join me and learn how to trade, or let me guide you in trading.