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Usoilanalysis

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
Crude oil: back above 80 again Oil prices rebounded at the opening and remained stable. On the whole, whether it is the Fed’s interest rate hike expectations cooling, the dollar’s fall, the rise in U.S. stocks, or the possible impact of U.S. hurricanes on supply, coupled with a sharp decline in crude oil inventories and geopolitical tensions, they all tend to support oil prices. Technical The short-term bullish signal has also strengthened, and oil prices are expected to retest the resistance near the August high of 84.87. The trend of crude oil daily chart is currently stable above the short-term moving average, and today it is stable again above the middle rail line. The market outlook will rely on the middle rail line and the short-term moving average to support the bullish rebound. Below, focus on the support around $81.00 and $81.5. In terms of operational thinking, the main focus is to go long and be bullish. Go long near 81.20, stop loss: 80.70: target 83.00
TVC:USOILLong
by Dylan-Jones
1
Get Ready for an Epic Rise: Oil Prices Set to Soar to $300! I will reveal a scenario that could send shockwaves through the market and skyrocket oil prices to an unprecedented $300 per barrel! In recent months, we have witnessed a series of events that have set the stage for an extraordinary rise in oil prices. The global economy is experiencing extreme inflation, with prices soaring. As a result, we are on the verge of witnessing a perfect storm that could send the value of oil through the roof. You might be thinking, "Why should I care about this?" Well, my friends, this is an invitation to seize an opportunity that could transform your trading portfolio. So, fasten your seatbelts and prepare to embark on an adrenaline-fueled journey of epic proportions! Here's the deal: Rising extreme inflation is causing the value of currencies to plummet, leaving investors scrambling for a haven. And what better haven than the black gold itself? Oil has historically been a store of value during times of economic uncertainty, and this time is no different. As the demand for oil rises, driven by the need for energy in an ever-growing world, and supply constraints tighten, we are witnessing the perfect storm brewing. It's like a pressure cooker waiting to explode; oil prices will surge to unimaginable heights when it does. So, what's the call to action, you ask? It's simple: Long oil! Position yourself to ride this wave of opportunity before it's too late. Don't let this thrilling chance slip through your fingers. Take action now and secure your position in the oil market. Here are a few steps to get you started: 1. Conduct thorough research: Dive deep into market trends, economic indicators, and geopolitical factors that could impact oil prices. Knowledge is power, and being well-informed will give you an edge in this exhilarating journey. 2. Develop a solid trading strategy: Craft a well-thought-out plan that aligns with your risk tolerance and investment goals. Consider entry and exit points, stop-loss levels, and potential profit targets. 3. Leverage trading tools: Equip yourself with cutting-edge trading platforms, technical analysis tools, and real-time market data. These resources will help you make informed decisions and stay ahead of the curve. 4. Stay updated: Keep a close eye on global economic news, oil production reports, and market-moving events. Knowing the latest developments will enable you to adapt your strategy accordingly. Remember, trading is not for the faint-hearted. It's for those who crave excitement, thrive on challenges, and are willing to take calculated risks. The potential rewards that await in the oil market are enormous, and it's time for you to seize this golden opportunity. So, fellow traders, gear up, embrace the thrill, and embark on this exhilarating journey to long oil. Together, we can ride the wave to unimaginable profits! Wishing you adrenaline-pumping trades and boundless success, Oil Is Going To $300 A Barrel (forbes.com)
TVC:USOILLong
by bryandowningqln
USOIL: Oil today analysis Crude oil technical analysis: crude oil yesterday cross small Yin K line closed flat, the space is not much, maintain in the last week's range of oscillating operation, currently continue to be in the short-term direction of choice, is poised to break the low point further fall, or start a steady recovery to recover lost ground, short-term in the shock of the momentum, the rhythm is slow. The Japanese K line entity is small and has no practical reference significance, waiting for the entity K line to break the current deadlock. 4 hours Tubrin road began to close, the short-term temporary saw back and forth between the upper and lower rail, the current upper and lower rail there is a certain range, the support of the lower rail is still at the low point 77.70-78.30. The upswing was near yesterday's high. At present, in the contraction shock, the short-term unilateral quantity is insufficient, and it will be maintained in the interval, and the operation is mainly to deal with the ultra-short line. In summary, crude oil today's short-term operation, above the short-term focus on the resistance of 80.6-81, strong support of 81.3-81.5, below the short-term focus on 79.0-78.5 support
TVC:USOILShort
by HectorBrown1