Crude oil: continue to maintain decline
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WTI crude oil October futures closed at US$78.89/barrel, falling below US$80/barrel for the first time in a week, down 0.9% on the day. The EIA report released earlier today was mixed. Crude inventories fell by 6.1 million barrels, but investors also took a bearish look at the report, which showed U.S. crude production rose to a three-year high of 12.8 million barrels per day. Also, implied gasoline demand was below 9 mb/d for the sixth of the past seven weeks, a weak sign for gasoline demand in what should be the peak summer driving season
Go short around 79.20 on the rebound, stop loss: 79.80, target at 77.00
Usoilbuy
Crude oil, today's strategy is bearish
Crude oil is now clearly in a bearish trend. The k-line starts to exert force from the upper rail, the big Yin line breaks through the middle rail, and the k-line goes all the way south to the lower rail. At present, the k-line directly dives downward, and the Bollinger Band track is also opened downward. The opening is gradually enlarged, the lower triple bottom is near 79.0, the big Yinxian will inevitably break through, empty, 79.0 air
The market continues to consolidate weakly in the bottom area, and the overall oscillation at the support level of the trend line has now converged. We can clearly see from the attached picture below that the bottom area signal has appeared yesterday, and the bottom area in the early stage is relatively stable. In terms of a wave of rebound, yesterday’s intraday reappearance is relatively a rebound. In the short term, we can focus on the pressure. Only when we recover the lost ground will we go up further. , the specific suggestions are as follows:
Operating strategy: crude oil 79.0 empty, take profit 78.5-78.0,
Crude oil 78.0 into,
Crude oil: bottoming trend again
The main reason for crude oil to look down is: the rebound for several consecutive days touched the pressure and fell back. Or a more bullish view is the sub-wave 2 adjustment in the midst of 3 waves and 5 rises. Crude oil pressure 80.65~81.10, support 79.70~79~78.60.
Crude oil operation is recommended to enter at 81.1, take profit at 79.6, target at 79.2~79.5, and take profit at 80.3 (the point may be revised as the market changes during the session, and the real-time strategy shall prevail)
Crude oil: peaking again
Crude oil should have mentioned that it will rebound, and the rebound trend is not small. It has already come out this time. From the indicators, the high point of this rebound is around 82. If the peak trend remains unchanged, this Nearby is more difficult to break.
Moreover, crude oil is negatively correlated with the U.S. dollar in a certain trend. The sharp rise of the U.S. dollar will also affect the price of crude oil. Gold is in a weak position, but crude oil is due to factors such as production cuts and expectations of interest rate hikes. The price of crude oil continues to soar, but still the same sentence, the reduction in interest rate hike expectations has been large enough. As long as there is something that is not conducive to the suspension of interest rate hikes, the interest rate hike expectations will still rise, and crude oil will be under pressure.
Strategy: 81.7 buy up 83.4 buy down
The demand for crude oil is expected to increase, but crude oil is not the same as gold after all. Crude oil has no currency attribute after all. Although it also has a hedging attribute, it is still not as strong as gold, and the aspects that can be affected are not as extensive as gold, so the demand for crude oil The expected increase in volume is also a matter of this year, but the price will not be too inclined.
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
Crude Oil Analysis TodayCrude oil tested high yesterday and fell back. First, the inertia rushed above 85.3 and was under pressure. The European and American markets oscillated and backtested and corrected. Finally, the daily line harvested the Xiaoyin K line. After the daily yang line turned to the small yin K line for correction, the current space is enough to form the top, which is only regarded as a partial callback correction. The upward trend is slowing down, and after the correction, it will regain its momentum to rise again, but it will become volatile in the short term, changing from a strong rise to a slow rise in shock. Today's weekly line ends. Pay attention to the rhythm of the short-term, it should be to step back first, then start to stabilize and slowly recover the lost ground. The 4-hour chart is in a partial correction in the rising wave, and the indicators in the attached picture are in the overbought area to be digested.
At present, the whole is running above the upward trend line, and today's short-term may step back to confirm the support of the upward trend line. The European and American markets started to rebound again. The support points are mainly concentrated at 82-81.5. There is still a certain distance at present, and of course strong corrections may not reach it. At present, it is necessary to wait for the magnitude of the correction. The main idea is to maintain the low and many positions after the backtest, but the long position should be rearranged according to the intraday pattern. After all, there has been a partial correction in the small cycle. Coupled with the closing of the week, the short-term may enter a volatile ending. In terms of operation, it is subject to the market, and the tentative thinking is to wait for the step back and then go long.
Crude oil operation strategy: SELL84.1-84.5 short, stop loss 60pips, target below 83.
Crude oil operation strategy: step back to more than 81.6-82, stop loss 60pips, target above 83.5.
The current crude oil spread is large, stop loss friends and the entry position can be set to 60pips
USOIL:10/8 crude oil analysis,uptrend unchangedAt the beginning of the Asian market on August 10 (Thursday), U.S. crude oil was around $84.4 per barrel; U.S. oil hit a new high in nearly four months on Wednesday, and Brent crude oil hit the highest level since January. Production cuts by Saudi Arabia and Russia outweighed concerns about slowing demand in Asia. U.S. crude oil inventories climbed last week, while gasoline and distillate stockpiles fell as oil exports fell sharply, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude inventories jumped 5.9 million barrels last week to 445.6 million barrels, with inventories at the Cushing, Oklahoma, delivery hub rising by 159,000 barrels in the week ended Aug. 4. Yesterday, the technical aspects of oil prices relied on the 82.9 mark as a whole and continued the trend of extremely strong bulls pulling up and breaking through the high. Breaking through the 84.8 first line quickly fell back to the 83 integer mark and then rebounded to a strong close above 84. The daily K-line reported a shock and broke the high school sun. Around -82.8, the intraday retracement relies on this position to continue to be bullish and then bullish. The upper target level continues to focus on breaking through the high. The recent bullish strong dividing line focuses on the 82.5 mark. Stepping back is an opportunity to do more.
Crude oil operation strategy: rebound to 85.6-85.9 empty, stop loss 60pips, target below 84.1.
Crude oil operation strategy: Step back to more than 83.2-83.5, stop loss 60pips, target above 85.5.
There is a large difference in the quotations of crude oil contracts, SL friends and the entry position can be set to 60pips
Crude oil: today's trend
Crude oil once again hit a new high point, and the strength was in a mess. Even though the price fell after a surge in the U.S. session, it eventually rose again. This is why I have not been doing short orders recently. Your entry point may not be ideal, but you can still exit with a profit. Although the announced increase in crude oil inventories, the sharp reduction in refined oil inventories has helped the bulls in oil prices. At present, there is no sign of crude oil turning around, so you need to be cautious when buying short orders at the top.
Oil trend analysis
International oil prices held firm on August 9, as supply cuts by Saudi Arabia and Russia led to tight supply, overshadowing negative trade and inflation data from China, the world's largest crude importer. Saudi Arabia, the world's top exporter, last week extended its voluntary output cut of 1 million bpd until the end of September, adding that the cuts could be extended and deepened. Russia also said it would cut oil exports by 300,000 bpd in September. The upper part focuses on the first-line resistance of 85.5-86.0 in the short term, and the lower part focuses on the first-line support of 83.0-82.5 in the short term. I personally recommend that the trading strategy is mainly low and long
trading signal:
buy82.5-83 tp83.5-84
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Crude Oil Price Analysis
Looking at crude oil on the daily line, the Bollinger Bands continue to open upwards, and the trend of bullish prices has not reversed. Crude oil can only rise after falling. The lower support is still strong. Below, focus on the first-line 82 support of the Brin middle rail. I think that when the price reaches 82, the price of crude oil will still rise to a certain extent. 83.3 can be seen in the short-term
trading signal:
buy81.7-82 tp 82.5-83
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Crude Oil: Trend Analysis Strategies
U.S. oil first fluctuated within a very narrow range, and U.S. oil rose again wildly during the European session, and the pressure was measured above 84. Although U.S. oil is strong again, this trend is extremely abnormal, and technically does not support this extreme upward state. Instead, we should pay attention to whether the follow-up bulls can continue to provide this extreme upward momentum.
The belt continues to open upwards, and the trend of long prices has not reversed. The decline is just a normal callback. Only when it falls can it rise higher. The small Yang line with a long lower shadow line is closed. It is expected that the lower support will be strong. Short-term prices have Possibility of going higher. 4 hours, with signs of opening, the price formed a high-level shock after recovering the lost ground. It is expected that the short-term pullback will not be very strong. The lower middle track line is supported by the 81.9-82.1 area. After the price rebounds and confirms stabilization, you can place multiple orders field.
Operation strategy: callback 84.6-area short, target 84.9-85.1
81.90 and 80.90 are long respectively, with a stop loss of 70 points and a stop profit of 200 points.
crude oil analysis
Oil prices were lower on Monday after six straight weeks of gains, with WTI closing at $82.45. Pumping through a section of the Druzhba pipeline in central Poland was suspended after a leak on Saturday, though a pipeline carrying oil to Europe is expected to resume on Tuesday, alleviating concerns about tight supplies. So I analyze that oil prices will rise slightly today.
Trading Signals:
usoil:buy 81.6-81.9 tp 82.4-82.7
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Crude Oil: Crude Oil Trading Strategies
Through the analysis of the weekly chart of crude oil, we know that the last one continued to rise, and it has reached a certain degree of suppression near the previous high point, and the pressure of the important moving average above (83.30). It can be clearly seen from the figure that the funds that reached the bottom area in the early stage are still running in a strong area, and the support of the important moving average below is relatively strong. It has not been broken for several times in a row, and there are funds intervening at the bottom for many times, which has led to a continuous rebound in the past 6 weeks. The short-term bottom The support of 82.0 and 81.30 is relatively strong. In the short term, we will continue to operate at high altitudes and low multiples, focusing on doing long on dips. The specific suggestions are as follows:
Crude oil 81.30 and 82.0 are long respectively,
Crude oil 83.50 and 85.90 are shorted respectively
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USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsWelcome back to our weekly US Oil market analysis! Oil prices have been on a remarkable upward trend, extending their gains for a fifth consecutive week. The rally has been driven by perceptions that supply is increasingly tightening in comparison to demand, although recent US government petroleum data has only marginally supported this notion. Despite the impressive gains, signs of strain in the rally are starting to emerge.
Throughout July, US Oil prices surged by an astonishing 14%, capturing the attention of investors worldwide. As we approach the next OPEC+ meeting, scheduled for next Friday, the bulls are eagerly anticipating further discussions on production levels that could potentially propel prices to new highs.
In this video, we'll delve deep into the factors influencing the current Oil market dynamics and explore the possible scenarios that lie ahead. As traders, it's crucial to stay well-informed and prepared for all potential outcomes.
US Oil Technical Analysis:
In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead.
Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis. Unlock the secrets of the oil market's evolution and be at the forefront of every profitable move.
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Exciting Opportunity: Dive into Today's Oil Price Dip! Before we dive into the details, let me shed some light on the recent price trend that led us to this thrilling moment. Over the past few weeks, we've witnessed a remarkable surge in oil prices due to hedge fund short coverage. This upward momentum has created a buzz among traders, and rightly so. But today, my friends, we have a unique chance to ride the wave in the opposite direction.
With oil prices decreasing today, it's time to seize the moment and make the most of this incredible buying opportunity. The recent fluctuations have set the stage for potential gains, and it's up to us to jump in and make the most of it!
Here's your call to action: Consider adding to your portfolio by buying into the dip in oil prices today. This drop provides a fantastic entry point for those who missed out on the previous rally or those looking to maximize their profits further. By taking advantage of this dip, you position yourself strategically to reap the benefits when the market inevitably rebounds.
Remember, successful trading often involves identifying opportunities and acting swiftly. Today's oil price dip represents precisely that - a golden opportunity that shouldn't be missed. So, gear up, get excited, and make the most of this thrilling moment together!
If you have questions or need assistance executing your trades, please don't comment away.
USOIL: Plan of the day
Yesterday's range of narrow fluctuations, until the end of the day to ushered in a pull up, but the day line eventually closed in the end, today's day line is still stable above the MA20 support, KDJ average indicator gold fork running upward, the trend of the market or more, it is recommended to step back near 79.3-79.0, the target to see 80.8 position.
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Exciting Oil Price Breakthrough and a Lucrative OpportunityBrace yourself because we have witnessed a remarkable event - the oil price has broken through the MA 200 threshold for the first time this year. Isn't that incredible?
This significant breakthrough is a promising sign for all oil enthusiasts and traders like yourself. It indicates a potential upward trend and opens up a world of profitable opportunities. However, as we celebrate this achievement, it's crucial to consider the potential impact of the impending Fed rate hike on this market.
While the current market conditions seem favorable, we must remain vigilant and adapt accordingly. The Federal Reserve's decision to increase interest rates can introduce some volatility in the market, which might influence oil prices. Experienced traders understand that careful analysis and strategic planning are essential to navigate such situations successfully.
Here's the exciting part: I encourage you to seize this moment and log into oil trading! With the oil price breaking through the MA 200, there is a golden opportunity to capitalize on this upward momentum. You can reap substantial profits by leveraging your expertise and our robust trading platform.
Don't let this chance slip away! Our team of experts is here to support you every step of the way. We provide real-time market insights, comprehensive analysis, and cutting-edge tools to help you make informed decisions and maximize your trading potential.
So, what are you waiting for? Let's dive into the oil market together and make the most of this breakthrough. Log into your trading account now and explore the exciting possibilities that lie ahead. Remember, taking action's always better than regretting missed opportunities.
USOIL: Crude oil today operation plan
Raw oil on Friday the high base is not dynamic static, the United States has a small pullback after the rise of 77.2 a line, the loss of the previous correction to find back, the daily line continued to close up. Although the raw oil said that the high point before this has not been effective burst, with the lower side of the support does not break up, the strong potential in the high position of the consolidation of the power to break, the multi-head trend of the combined technology, we look more good!
Today's operation:
usoil: buy@76.3-76 tp 77.5
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Latest crude oil signal analysis
Crude oil medium-term pullback sorting, after the decline began to fluctuate up, the current crude oil to around 74.8, it is expected that crude oil will return to the trading intensive area around 75.5-76.1, the lower 73.8 support is still valid, the upper focus on resistance around 76.1, trading options between 74.3-77, guaranteed to get a good profit
Crude Oil Personal Trading Strategy:
USOIL sell@74.1-74.5 tp:75.5-75.9
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