US Crude Oil 4H :Downtrend under 82.00USOIL
New forecast
The price perfectly fulfills my last idea and price reached to our first target .
The oil price shows further strong decline to reach the verge of the new expected negative target at 82.00, and is under continuous negative pressure that makes us likely to exceed this level and open the way for more losses in the immediate and short term, heading towards visiting the 80.56 and then 79.10 areas as next negative targets.
Hence, the downward trend scenario will remain likely for the coming period, keeping in mind that failure to break the 82.00 level will lead the price to attempt to recover and build an ascending wave targeting testing the 84.81 level initially.
The expected trading range for today is between support 82.00 and resistance 84.81 until breaching one of them .
Additionally ,Today News will affect the market .
support line : 82.00 , 80.56
resistance line : 84.81 , 86.17
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Usoilforecast
USOILCrude oil prices have fallen sharply and the trend has entered a bearish adjustment phase. The price is currently around $84.00, with strong downward momentum. If the decline continues, a break above the $80.00 support is possible. For now, traders will wait for a bullish reaction near the support and an opportunity to enter long positions.
Today, focus on the support level of 80.00 below and the resistance level of 90.00 above.
USOIL:Goal 86 achieved
My previous post prediction was completely correct I thought the oil would fall to 86, and today my forecast has arrived.
The same is true now.After reaching the support level, we can no longer sell, we can buy in small batches below 85.5.
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Crude oil: all the way down
Through the analysis of the hourly chart of crude oil, we know that yesterday’s market rebound was unable to continue the downward trend. It has now reached the 82.3 line and has slowed down the downward trend. We can clearly see from the attached picture below that a phased bottom signal has appeared again. In the last time When it appeared, it rebounded slightly and reached the No. 2 pressure level above and then fell back. At present, the No. 1 pressure level above has in turn become the first pressure. In the short term, we will continue to focus on shorting on rallies.
Strategy: 84.1 short
USOIL: Empty orders gain 10 points
The daily arrangement of 89.2 line empty, currently down 10 points, the stable can reduce the position out, the rebound of the European short position near 89.3 can continue to be empty, want to do more suggestions can pay attention to the 88.0 line support can hold, hold it is expected that crude oil is a wave of short-term rebound demand, so want to do more suggestions first pay attention to the 88.0 support break situation and then consider it, Do not break can light warehouse to do a short line, break is to give up multiple single
USOIL will rise after trending back.n yesterday's trend, USOIL rose and fell very obviously. Today it is around 88.2 to 88.3, and the resilience at this position is very strong. I will test this support level and if there is no decline then I think it will rise to around 89.3 and 89.5.
In addition, the United States will release EIA crude oil inventories for the week of September 29 in five hours, which will be an important factor affecting the trend of USOIL.
USOIL:Observe trends
Today, the lowest level of oil fell to around 87.76, but in the end it still returned to the range.Therefore, the success rate of trading in the range is currently very high.
Today, oil fell below the range. At present, we need to pay attention to 89.7. This place determines where the next direction is. If it continues to fall below 89.7, then oil is still a downward trend. If the rise breaks through 89.7 and stands firm, then it can be judged that the probability of oil rising increases.
If you want to trade in the range, then you need to judge his trend and the impact of the news.
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USOIL:Trading strategy
Oil has been rising because of OPEC production cuts, but now all indicators show that it is currently overbought.
There is limited room for growth now, so we are now shorting oil.
However, overbought will not reverse immediately and will last for a period of time.
But we can try the medium-term goal, the target point: about 86.
Short-term trading advice:
USoil:Sell:90.6-91.3
TP1:89.6
TP2:89.2
TP3:88.2
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Potential Oil Decline Amidst Tight Supply and Fed Rate HikeRecent market dynamics, characterized by a tight supply scenario and growing speculations of a Federal Reserve rate hike, have raised concerns about the future trajectory of oil prices.
1. Tight Supply Scenario
2. Speculations of a Federal Reserve Rate Hike
Given these circumstances, it is crucial to approach oil trading with caution. The combination of a tight supply scenario and the possibility of a Federal Reserve rate hike creates an environment of heightened volatility and increased risks. Therefore, we strongly recommend pausing oil trading activities until further clarity emerges.
At this juncture, it is essential to reassess your investment strategy and consider the potential impacts of these factors on your portfolio. We encourage you to consult with your financial advisor or reach out to our dedicated team of experts who are available to provide you with tailored guidance and support.
In conclusion, we believe it is prudent to exercise caution and refrain from making any hasty decisions regarding oil trading. The current market conditions, characterized by tight supply and speculations of a Federal Reserve rate hike, warrant a careful approach to mitigate potential risks.
USOIL:Fluctuation in the range
Last week, oil broke through the range of 88.3-91.2 and rose as high as near 95.
Last week, I predicted that if it breaks through 91.2, it will be more likely to rise, but I did not expect that oil will rise so much. Every time it rises rapidly, there will definitely be a reversal. Now the oil is around 89.7 and it is back in the range, so now we still judge the transaction based on 88.3-91.2.
If the oil falls below 88.3, then it is necessary to judge that the range is invalid, so you need to observe more when trading, or strictly set the stop loss.
It is still possible to buy at low levels and sell cautiously at high levels in the range.
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Crude Oil: Today’s Strategy
Crude oil enters the market empty at 88
Continue to watch the decline, continue to watch 82, or even 75 line
Any position where crude oil rebounds is short. The current rebound of the big positive line is to enter the market for shorts. Once again, the 88 line enters the market for shorts. Get ready for a sharp drop to harvest. Crude oil rebounds, but it is still below the middle track of the Bollinger Bands. The short position is empty.
Operation strategy: short crude oil at 88, stop loss at 89, target at 82
Crude oil will fall in the short termCrude oil currently lacks news, and it is in a downward trend in the short term.Through the analysis of the hourly chart of crude oil, we know that yesterday the market first rose and then fell above the 91.60 line and fell back, and then reached the 88.30 line. It is currently hovering around 88.50, with no hope of short-term rise.
Crude Oil: Analysis Strategy Today
Through the analysis of the hourly chart of crude oil, we know that on the previous trading day, it first fell, then rose and then fell, forming a wide-ranging shock trend, which converged at the moving average support level below. We can clearly see from the attached picture below that in the previous transaction The market had already entered the weak zone on the day before, and the rebound was weak. It is still running in the weak zone, indicating that there is still room for adjustment in the short-term market.
Crude oil is long at 90.70 and 88.90 respectively, with a stop loss of 70 points and a profit stop of 300 points;
Crude oil is short at 92.20 and 93.30 respectively.
US Crude Oil 4H : OutlookUSOIL
New forecast
The oil price is facing strong support around 90.55, providing signs of an attempt to build a new ascending wave, which requires attention in the upcoming trading, as breaching 92.50 represents the key to restoring the main upward trend and heading towards 94.02 initially, while the price needs to break 90.55 to confirm the continuation of the bearish correction and head towards levels 89.35 then 88.30 as the next main targets.
The expected trading range for today is between support 90.50 and resistance 92.48
Additionally ,Today News will affect the market .
support line : 91.14 , 90.55
resistance line : 92.48 , 94.02
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USOIL is about to rise.USOIL reached a peak of 93.000 last week, and the trading strategy this week is still long. First of all, it has experienced two declines and is now hovering around 91.100. My suggestion is to enter the market now and take profit at 91.800. Stop loss 90.700. Good luck and happy trading.
Gold: It may fall to 1800! ! !
Gold fell from around 1930 to around 1845, with basically no rebound, that is, the bulls surrendered directly. This trend is obviously a short trend, and the lows continue to fall. Even a rebound of a few dollars is directly swallowed up by the big negative line. This It’s short energy.
The four-hour line of gold price has entered the next level. It continues to be a negative line. The era of shorts is obviously coming. The sword below is pointing to the 1811 line, or even near 1615. Anything is possible on the K-line. At the same time, the 50-day moving average continues to run downward, continuing to compress the bulls' Space, there is no possibility of rebound at all, the K line is suppressed by the 50 moving average throughout the whole process, and it is pressed to the floor and rubbed, empty, 1834 empty
Ride the Bullish Wave in Oil Trading with OPEC + Supply Cuts!As an oil trader, you'll be thrilled to know that the economic conditions remain bullish, thanks to the continued OPEC + supply cut.
The oil market has been experiencing a remarkable rebound, primarily driven by the collective efforts of OPEC + countries to stabilize prices. With the ongoing supply cut agreement, we have witnessed a gradual reduction in global oil inventories, leading to a more balanced market. This positive trend has undoubtedly instilled confidence in the market, and we believe it is an opportune time to capitalize on this bullish sentiment.
Now, you might be wondering, "How can I make the most of this bullish wave?" Well, fear not! I'm here to guide you towards the path of success. Here's a call-to-action that encourages you to long oil and seize the potential profits:
1. Stay Informed: Keep a close eye on the latest news and updates regarding OPEC + decisions, global oil demand, and geopolitical factors. Being well-informed will help you make informed trading decisions and stay ahead of the curve.
2. Analyze Market Trends: Utilize technical and fundamental analysis to identify key trends, support, and resistance levels in the oil market. By understanding the market dynamics, you can make more accurate predictions and execute well-timed trades.
3. Diversify Your Portfolio: Consider allocating a portion of your trading capital to oil-related assets, such as oil futures, ETFs, or energy stocks. Diversification can help mitigate risks and maximize potential returns.
4. Set Realistic Targets: Establish clear profit targets and stop-loss levels to manage your trades effectively. Remember, a disciplined approach to trading is crucial for long-term success.
5. Leverage Technology: Take advantage of advanced trading platforms and tools that offer real-time data, market analysis, and customizable indicators. These resources can provide valuable insights and enhance your trading strategies.
By following these steps, you'll be well-positioned to ride the bullish wave in the oil market and potentially reap substantial rewards. Remember, maintaining a positive outlook and embracing opportunities is key to achieving your trading goals.
So, dear traders, let's embark on this exciting journey together and make the most of the optimistic oil market conditions. Stay bullish, stay positive, and let's make some profitable trades!
UsOil (OIL) -> Most Talked About AssetMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on UsOil.
Looking at the chart of UsOil you can see that just four months ago Oil perfectly retested and already rejected the 0.618 fib level in confluence with previous support structure.
The real next resistance is once again the previous swing high at $110 from which we already saw a major bearish rejection and this means that we have another +20% move on Oil.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
US Crude Oil 4H :try to retest before rise upUSOIL
New forecast
The price perfectly fulfills my last idea and price reached to our targets .
The price of oil rose strongly yesterday to exceed our positive targets suggested in our last report, reaching the 95.00 barrier now, and we expect the upward trend to continue to achieve additional positive targets that reach the 96.60 areas.but before that we expect that the price will try to start a correction to 92.48 and then will rise up.
The ascending channels continue to support the proposed ascending wave, taking into account that breaking 94.02 will stop the expected rise and push the price to begin a downward correction in the immediate term before returning to the rise again.
Additionally ,Today News will affect the market .
support line : 92.48 , 91.14
resistance line : 94.02 , 95.02
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️