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Usoilanalysis

0506-0511 USOIL Weekly OutlookHello traders, USOIL has been bearish since early of April. It got one week correction and turn down to drop hardly again last week. On the left weekly chart, last week Strong bearish candle cross EMAS down to a new low. This is a weekly bearish signal for us. On the right 4H chart, seems like it stops dropping by reaching FIBO EXT 1.27-1.414 support zone. This could be a sign for sideways price action like what I marked out on the chart. Price could turn down to a new low after this price action unless war in the earth happen soon in this week. GOOD LUCK ON THIS WEEKLY OUTLOOK. LESS IS MORE!
TVC:USOIL
by FUNTRADER-Vera
Will crude oil continue to rise?Crude Oil Technical Analysis Daily resistance is 85.7, support below is 83.4-80 Four-hour resistance is 85.5-85.7, and support below is 83.4-82.5 Crude oil operation advice: Yesterday's volatile market ushered in a deep v bottoming and rebounded. The Asian and European market prices were under pressure and fell back to the 83.3 mark. The US market stepped down for the second time and stabilized at the 82 mark, ushering in a strong bullish bottom and a deep rebound. v rebounded, oil prices continued to rise and broke through in the early morning, standing above 83.3 and continuing to close strongly. The overall price once again found support at the 82 mark, stabilized and rebounded. The daily level continues the recent yin and yang shock cycle operation rhythm. Today, the lower support focuses on around 82.5-82.7. The intraday retracement relies on this position to continue to be bullish at first. The upper pressure focuses on 85.5-82.7. 85.8, the European market has surged higher and is under pressure. This position can be shorted once and then fluctuated back down. The daily long-short cycle rhythm has no continuity, so we should continue to maintain the shock idea. BUY:83.4near SL83.00 SELL: around 85.6 SL85.90 SELL:86.0near SL86.30 Technical analysis only provides trading direction!
TVC:USOILLong
by ActuaryJ
USOIL BUYING MORE TILL HIT 123$ HELLO FRIENDS As I can see USOIL has Break the triangle zone and now trading above 80$ as we said in our previous analysis, we are more bullish on Gold with Technical and Fundamentals views as we all know the War is still going on and US Gov supporting all his allies with billions of $ and there is no Ceasefire in near term. Iran is now entered in this War Plan which is not good for Commodities and Energy sectors.. Investors always look for safe haven in these term and conditions inflation to 2% is now seems a hard Goal. OIL Supply and Demand can creat volotility in markets as we can see Asian regions higher Demand Friends if we see technically view on USOIL we can see oil breakout on Triangle Zone on Daily Chart and looking for more bullish moves. Time Depends Friends its just an trade idea share Ur thoughts with us it helps many other traders. Stay tuned
TVC:USOILLong
by APEX_TRADING_ACADMEY
Crude oil trend analysis next week Looking at the daily chart of crude oil, it tested support near 80.7 at the beginning of the week and then strengthened. It can be seen that the support below the 80.3 mark is very strong. At present, crude oil has stood firmly above 83, and the trend is still strong. It is expected to continue in the future. On the upside, the upper resistance is near the 86 mark. Looking at the four-hour line, it fell to around 80.7 at the beginning of the week and then rebounded to around 83.7. Then fluctuate and adjust. It rose strongly near the 82 mark on Thursday, reaching a maximum of around 83.8. There is expected to be room for further growth. In terms of intraday operations, follow the trend and go long. You can mainly refer to the 83-83.3 area to advance more and look above 85. Overall, the crude oil operation ideas next week will be mainly low-level declines and high-altitude rebounds, supplemented by high-altitude rebounds. The upper short-term focus is on the first-line resistance of 84.5-85.0, and the lower short-term focus is on the 82.5-82.0 first-line support.
TVC:USOILLong
by cdfxcdfx
Why Oil Bulls May Be Right: Signs of a Tightening MarketOil prices have experienced a volatile period in recent months, with concerns about global economic growth and geopolitical tensions battling it out with signs of a tightening physical market. However, for investors with a long-term perspective, recent developments suggest a potential bull run for oil, making it an attractive asset to consider. Here's a deeper dive into why going long on oil could be a strategic move: Tightening Physical Supplies: One of the most compelling arguments for a long position is the evidence of a tightening physical market. This is reflected in key timespreads, which compare the price of oil for immediate delivery to the price for delivery at a future date. In a healthy market with ample supply, the price of oil for immediate delivery would be lower than the price for future delivery (contango). However, when the physical market tightens, the opposite happens – the price of oil for immediate delivery becomes higher than the price for future delivery (backwardation). This phenomenon, currently observed in the oil market, suggests that there is a higher demand for oil right now than there is readily available supply. OPEC+ Production Cuts: Adding fuel to the fire are the production cuts implemented by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+. These cuts, aimed at supporting oil prices, have helped to restrict supply and contribute to the tightening market conditions. While OPEC+ is considering easing the cuts in the coming months, the extent of this easing and its impact on the market remain uncertain. Geopolitical Instability: Geopolitical tensions around the world, particularly in major oil-producing regions, can also disrupt supply and push prices higher. Recent events, such as ongoing conflicts or threats to critical infrastructure, highlight the vulnerability of the global oil supply chain. Limited Non-OPEC Growth: While concerns persist about a potential slowdown in global economic growth, particularly in China, the anticipated increase in oil production from non-OPEC members may be less pronounced than previously expected. This could further exacerbate supply constraints and bolster the case for oil bulls. However, some headwinds remain: It's important to acknowledge the countervailing factors that could dampen oil prices. The persistent issue of inflation in the US, for instance, could lead to interest rate hikes by the Federal Reserve. This, in turn, could strengthen the US dollar and make oil, priced in dollars, more expensive for buyers using other currencies, potentially dampening demand. Conclusion: Despite these headwinds, the evidence of a tightening physical market, coupled with OPEC+ production cuts, geopolitical uncertainties, and limited non-OPEC growth, paints a compelling picture for a potential oil price rally. For investors with a long-term perspective, strategically going long on oil could be a profitable decision. However, careful monitoring of factors that might impact supply and demand, such as global economic conditions and policy decisions, is crucial for managing risk and making informed investment choices.
TVC:USOILLong
by bryandowningqln
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TVC:USOILLong
by Thief_Trader
Crude oil bottoms out and continues to riseCrude Oil Technical Analysis Daily resistance is 83.4-85.7, support below is 80-78 Four-hour resistance is 83.4, support below is 81-80 Crude oil operation advice: Crude oil fell first and then rose yesterday, ushering in a deep v bottom, rebounding and breaking through the high. The price of the Asian and European markets was under pressure and fell back to the 83 mark. In the evening, it fell rapidly downward and pierced the 80.9 mark before the US market and stabilized and rebounded. The strong consecutive positive trend led to a breakthrough and stood on the 83 line, which opened in the morning, and continued to strengthen. Finally, the closing accelerated and broke through the 83.5 line to close strongly. The overall price stabilized with secondary support at the 80.9 mark. The short-term price once again returned to the long-short wide shock range. Today, the lower support focuses on the 82.3-82 area, and the upper pressure focuses on around 85.70. We will continue to rely on this range to maintain the long-short wide range during the day. shock BUY:83.4-83.2 SELL:82.1-81.8 SELL:81.0-80.7 Technical analysis only provides trading direction!
TVC:USOILLong
by ActuaryJ
USOIL analysis, 21 April 2024Daily: Price has been bearish after taking the Daily-IRL (FVG-), now price has been going towards to the D-ERL (80.331), W-ERL, confirming daily bearish-MSS. Daily Bias: Bearish. H1: The price has been taken the D-ERL again & confirmed the daily Bearish CiSD, leaving behind H1-BPR- in OTE level, & a h1-FVG- above the 0.5 level. there will be 2 scenarios here for short, 1. Low probability, the price come to the h1-FVG- balance the imbalance, then, If it starts to fall then a short could be formed. 2. High Probability: Price come towards the h1-BPR, takes the liquidity, then starts to fall.
FX:USOILSPOTShort
by Trader_PKR
Why I Expect 200 Dollar USOIL Wti CrudeUsing momentum indicators (keltner channel) I've been watching this weekly rally and recent correction. Using the close, and the last wave, oil price could climb to astronomical levels in USD. There is a momentum shift of the correction, and the bull market for oil appears to be underway. At this pace, 200 by june is not far fetched. I expect the Dollar to lose significant strength, and costly measures enforced as an abysmal attempt to stifle inflation. Soon interest payments will become the largest expense if it hasn't already. There is much reason to worry about world markets right about now. Larger Pattern Breakout and here is the shift up close on the weekly: This is not financial advice.
TVC:USOILLong
by Mikhiavelli
33
Crude Oil retraces on Conflicts🛢️Hello traders.. WTI Crude Oil has been dropping since the beginning of the conflict this past weekend between Iran and Israel. We are trending bullish so far on the year and are up 14%. Price is pulling back this week and we recently touched into a Daily support level 81.25 where we observed a bounce. I dont believe sellers are completely out on this bearish retracement and am looking for a retest of the Daily level 81.25. We have a 4hr resistance zone at 82.30 that may aid in facilitating a move back down.
TVC:USOILShort
by ShrewdCatfx
Usoil-Analysis and Forecasting After oil breaks through 80, my target is 85. Now the upward momentum is still strong, so you can wait for the support point to buy. The lowest support point on Tuesday was 84, yesterday the support point was around 84.2, and the important support point was around 83.5. But this month I think oil may start to adjust around 87. It is expected to be in the 86.4-86.7 range, and may adjust to the important support point 83.5, or even reach the 80-82 range. Join me and I will continue to analyze the next trend
TVC:USOIL
by UnknownUnicorn68604160
Crude oil continues to be bullish, focus on 87.7 resistance leveCrude oil analysis Daily resistance is 87.7, support below is 83.4 Four-hour resistance is 87.7, support below is 86.3 Crude oil operation advice: Today, focus on the strong pressure above 87.7 from the four-hour and daily levels, and the support below is around 86 and 83.4. When crude oil falls to 86 and 84 and is blocked, you can participate in the long position. BUY:86~86.3 BUY:84.0~84.5 SELL:87.3~87.7 Technical analysis only provides trading direction!
TVC:USOILLong
by ActuaryJ
Oil Prices Surge on Rising Tensions in the Middle EastOil prices surged today, reaching their highest level since October 2023, amid heightened geopolitical tensions between Israel and Iran. The increase comes as Israel braces for a potential retaliatory strike from Iran following a recent Israeli attack on an Iranian diplomatic compound in Syria. This latest development adds another layer of uncertainty to the already volatile global oil market. Concerns about potential disruptions to oil supplies from the Middle East, a region that accounts for roughly one-third of the world's crude oil output, are driving prices higher. Rising Tensions Fuel Oil Price Rally News reports, citing sources familiar with the matter, suggest that Israel is preparing for a possible attack from Iran or its proxies in the coming days. This follows the Israeli airstrike on the Iranian diplomatic compound in Syria last week, which was widely seen as a significant escalation of tensions between the two nations. The United States and its allies believe that a major missile attack by Iran is imminent. This perceived threat of a wider conflict in the Middle East has sent shockwaves through the oil market. Investors are concerned that any military confrontation could disrupt oil production and exports from the region, leading to a significant supply shortfall. This perception of risk is reflected in the options market, where traders are actively buying call options – contracts that give the buyer the right, but not the obligation, to purchase oil at a certain price by a certain date. The increased demand for call options suggests that many investors are anticipating a further rise in oil prices. Analysts Weigh In: Bullish vs. Cautious Analysts are divided on the potential impact of the current situation on oil prices. Some, like those at Commerzbank, believe that a direct confrontation between Israel and Iran would be a "game-changer" for the oil market, leading to a significant and sustained price increase. Others, however, are taking a more cautious approach. The International Energy Agency (IEA) released its monthly report today, downgrading its outlook for global oil demand this year and next. The report cites the ongoing economic slowdown in China, the world's largest oil importer, as a key factor behind the downward revision. Beyond the Middle East: Other Factors at Play While the Israel-Iran tensions are currently the dominant factor driving oil prices higher, it's important to remember that other factors are also at play in the global oil market. • Limited Spare Capacity: OPEC, the world's leading oil producer cartel, and its allies, known collectively as OPEC+, have limited spare production capacity. This means that if there is a disruption in oil supplies from the Middle East, it will be difficult to quickly replace the lost barrels. • Geopolitical Risks Beyond the Middle East: Recent attacks on Russian energy infrastructure by Ukraine have also contributed to the overall sense of unease in the oil market. • Post-Pandemic Recovery: The ongoing global economic recovery from the COVID-19 pandemic continues to drive up demand for oil, particularly in transportation sectors. The Road Ahead: A Balancing Act The future path of oil prices will depend on how the situation in the Middle East unfolds. If a wider conflict is averted, oil prices could moderate somewhat, especially if the IEA's concerns about slowing demand materialize. However, if tensions escalate and there is a significant disruption to oil supplies from the Middle East, then a sustained price increase is highly likely. Additionally, how OPEC+ responds to the evolving situation will also be a key factor. The cartel is currently scheduled to meet in May to discuss production quotas. If they decide to maintain their current production levels or even cut output, it could further tighten the market and push prices even higher. Impact on Consumers and Businesses Rising oil prices have a ripple effect throughout the global economy. Consumers are likely to see higher prices at the pump, as gasoline and diesel costs typically track the price of crude oil. Businesses that rely heavily on oil and other energy sources will also face higher input costs, which could lead to higher prices for goods and services across the board. This could further dampen economic growth, especially in countries that are already grappling with high inflation. Conclusion: A Volatile Market with High Stakes The oil market is currently in a state of high uncertainty. The rising tensions in the Middle East are a significant risk factor, but they are not the only factor at play. The interplay of supply and demand dynamics, the actions of OPEC+, and the overall health of the global economy will all play a role in determining the future path of oil prices. In the short term, oil prices are likely to remain volatile as investors grapple with the potential for a wider conflict in the Middle East. In the long term, the outlook for oil prices will depend on a complex mix of factors, making it difficult to predict with certainty where they will go from here.
TVC:USOILLong
by bryandowningqln
Usoil-Analysis and Trading Strategies Israel has withdrawn more troops from southern Gaza and pledged new talks with Hamas on a possible ceasefire, easing concerns about the risk of further escalation in the conflict and disruption to Middle East crude supplies. The current oil 4H and 1H charts show that the possibility of oil falling is very high, and it has been in the 87-87.5 range without breaking through. Today, the support of oil is still around 84.5. Only if it falls below this support point, will there be any A wider range of decline If it falls below 84.5 today, you can choose to buy in batches in the 83.6-83.3 range, SL: 82.8 If it continues to rise today and breaks through 87.5, you can sell in batches at 87.8-88.2, SL: 88.8 The above trading strategies are for your reference. The market changes rapidly. I will send the specific trading strategies to my VIP customers. I hope everyone will make a profit today. The above strategies are for your reference. Join me and I will analyze how to trade every day.
TVC:USOIL
by UnknownUnicorn68604160
USOIL: SELL @ 86.3-86.8 Yesterday, EIA was good for shorts. The market rebounded quickly after falling. It is now near the resistance level (86.3-86.8). The indicators show that shorts have the advantage, so the transaction can be sold in the resistance range first. The support is 85.6-85.2, which can be used as the TP level. If it falls below the support, look at the 84.4-83.3 range below. Pay attention to the rebound after falling below the support, and focus on the vicinity of 85.8. If there is no breakthrough, you can sell a second time. Then continue to pay attention to the support range. If the support is valid, close the short position and go long. If the support falls below, 84.8-84.4 can be used as the TP target.
TVC:USOILShort
by Allen_Ex