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Usoilanalysis

Going long on crude oil. The crude oil is currently trading around 74.8, with some support visible on the 4-hour chart. In the short term, there is upward momentum observed on the 1-hour chart. As a trading strategy, one can go long near 74.8 and target 76.3, with the possibility of further upside if the resistance at 76.3 is breached. If unable to break through, a short position can be considered at 76.3. I will keep you updated in due course. Short-term trading strategy: Go long near 74.8 with a target of 76.3. MCX:CRUDEOIL1!
TVC:USOILLong
by Ice_and_Fire1
3
USOil | New perspective for the week | Follow-up detailFollowing the reversal of Covid-19 policy — the Chinese manufacturing sector posted its biggest improvement in more than a decade last month, service/activity is climbing and the housing market is stabilizing. Economists speculate that the reopening may see Chinese oil consumption hit a record high this year and It was indeed a positive week for the oil commodity with data showing demand figures hitting a record 101.9 million barrels per day this year. In this video, we highlighted from a technical standpoint trading opportunities for the incoming week. 00:50 Reference to last week's daily commentaries and results 04:25 USOil Technical analysis on Daily chart 07:40 USOil Technical analysis on 4H Timeframe against next week 08:44 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOTLong
by darcsherry
Going short on crude oil at 77.8. At the start of the Asian market on Thursday, crude oil is currently trading around $76.5 per barrel. On Wednesday, crude oil continued to fall as concerns about more aggressive interest rate hikes weighed on economic growth and oil demand, outweighing the larger-than-expected reduction in US inventories. Although yesterday's decrease in crude oil inventories did not cause significant fluctuations in the price and quickly recovered, it shows that the overall trend of crude oil is weak. My trading strategy remains short, with a focus on selling high. My trading strategy is to short crude oil at $77.8, with a stop loss at $78.6 and a target of around $75. Investors can choose their own profit-taking points according to their trading style. The above is only a short-term trading perspective. I will notify you promptly if there are suitable opportunities. Liking, commenting, and subscribing are the best encouragement for me. Follow me to make trading simpler! You are also welcome to read my other ideas below. MCX:CRUDEOIL1!
TVC:USOILShort
by Ice_and_Fire1
1
USOIL: Long position after a downward adjustment to $77 Despite the unexpected drop in API crude oil inventory providing support to oil prices, the hawkish speech by the overnight Federal Reserve Chairman has continued to help the US dollar index soar, which has raised concerns about economic recession and continued to put pressure on oil prices. Although there is a chance for the oil price to rebound and adjust after the overnight plunge. Looking at the daily chart of USOIL, the upward trend has not been broken, and the support below has continued to rise. Although there is no effective breakthrough above $80, the adjustment range of this downward trend is sufficient, and it is a good opportunity to enter the long position again. Personal trading strategy: Buy long position near $77-77.5, with the first target at $78.5 and the second target at $80, and pay close attention to the EIA data to be released tonight. I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I will also update some daily trading strategies. Thank you for your attention and likes. If you have any questions, please feel free to leave a message, and I will provide the most secure advice, hoping to help you.
TVC:USOILLong
by FlashTrades_
1
Buy crude oil at 78.5. Trading is about making profits, not about venting frustration or trading for the sake of trading. Therefore, traders must understand what stage the price is at and take appropriate actions. Traders are neither always long nor always short, but always adapt to changes in the market. Traders must have their own defense system to control risks. Risk control and capital management are essential in your trading. On Friday, oil prices recovered from a brief sell-off, rising more than $1 and the weekly chart also showed an increase, boosted by new optimism surrounding demand from the largest oil importing countries. Friday saw a large bullish rally, closing at a high level, while on Monday prices weakened during trading. Regarding operations, the key point to watch above the crude oil price is near the 80.5 level, which can serve as a reference for selling. Looking below, the support near the 78.5 level is a good point to buy in with a small position, while the strong support at the 77 level can be a point to buy in with a large position. Feel free to leave comments and discuss, follow me to make trading easier.
TVC:USOILLong
by Ice_and_Fire1
Buy crude oil at 80.43. The core of trading is not how much profit can be made in a single transaction, but whether one can achieve sustained and stable profitability over the long term. In the previous article, the strategy given for crude oil was to go long at 78.5, with the target at 80.5, and it was a perfect take-profit. Currently, the support level on the hourly chart is at 80.43, and waiting for a pullback without breaking the support level is a suitable choice. Current trading plan: Go long at 80.43 for crude oil, with a stop loss at 80.13 and a target at 81.50. I will remind you when the trading point is reached. Liking, commenting, and subscribing are the greatest encouragement for me. Follow me to make trading easier! You are also welcome to refer to other ideas below.
TVC:USOILLong
by Ice_and_Fire1
USOIL possible buy zone!Instrument : USOIL Possible direction : Bullish Technical Analysis : After back to back 4 months of strong rejection from the support level, USOIL bulls has taken control of the market with strong impulse on the daily, price has broken out of the weekly resistance zone and it is highly likely USOIL will continue to rise with a strong momentum and may reach to 84.80 level where is the resistance level. Possible trade recommendation : Bullish as per sketch. Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
TVC:USOILLong
by ForexWizard01
USOil | New perspective for the week | Follow-up detailThe US oil still found a way to finish in neutral territories as bulls jumped in to buy into a market that scraped three-week lows just two days earlier at the $74.00 zone. The hopes of increased demand are still a possibility in this market as the Chinese government (the world's largest importer of crude oil) has lifted all COVID restriction policies hereby opening their economy for renewed transactions. From a technical standpoint, the appearance of buying pressure above the $76.00 level this week will be seen as an endorsement of bullish expectation, and failure to sustain a break above the $76.00 level has a high chance of inciting a sell-off, prompting a drop to new lows. 00:20 Reference to last week's daily commentaries and results 03:35 USOil Technical analysis on Daily chart 06:25 USOil Technical analysis on 4H Timeframe against next week 08:35 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOTLong
by darcsherry
USOIL is shorted at 77.6 USOIL released the EIA data half an hour ago, which showed bearish news for USOIL. However, the market saw an uptrend mainly due to the fact that the data, although higher than expected, was lower than the previous value, which is actually bullish for USOIL. This rebound was also within expectations. However, after the data release, the market is expected to return to the trend. Therefore, it is recommended to short USOIL on rallies. Trading suggestion: short at 77.5, take profit at 76.2 and 75.5, stop loss at 78.2. I have in-depth research on futures products such as cryptocurrencies, forex, stocks, gold, and crude oil. I also provide regular updates on trading strategies. Thank you for your attention and likes. If you have any questions, please leave me a message, and I will give the most reliable advice to help you.
TVC:USOILShort
by FlashTrades_
6