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Usoilforecast

USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe USOILSPOT market witnessed a remarkable surge in momentum last week, fueled by positive economic data from the Chinese government. As a result, USOILSPOT closed around the $72.00 zone, allowing us to secure over 500 pips in profit through multiple entries. The rise in oil prices was primarily driven by increased Chinese demand and supply cuts from OPEC+. China's strong refinery output, reaching its second-highest level on record, contributed to the growing demand for oil. Furthermore, the CEO of Kuwait Petroleum Corp expects Chinese oil demand to continue rising in the second half of the year. It's important to note that the voluntary crude output cuts by OPEC+ and the weaker US Dollar following the Federal Reserve's decision to hold rates unchanged are supporting factors for US oil prices. In this video, we will provide a comprehensive technical analysis of USOILSPOT. We will focus on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, we aim to provide insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this valuable technical analysis that will enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve by watching the video now! 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.
FX:USOILSPOT
by darcsherry
1
USOil Tumbles to $28: Path Predicted by Fibonacci ClusteringMy Fibonacci Clustering model reveals a potential downturn in USOIL prices to as low as $28 per barrel. This observation is rooted in the unique properties of Fibonacci sequences - their self-similar and repetitive nature often mirrors price action in a wide array of financial markets, including commodities such as oil. Historical evidence supports the plausibility of oil prices plummeting to such lows. The oil price slump of 2016, which saw USOIL drop to below $30, demonstrated how market oversupply, geopolitical tensions, and shifting energy policies can dramatically impact oil prices. Bear in mind that oil markets are influenced by a multitude of factors - supply-demand dynamics, geopolitical events, economic indicators , and even climatic conditions, among others. Thus, while the Fibonacci Clustering points to a potential downturn, this is just one piece of the puzzle.
TVC:USOILShort
by MichaelBsul
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe oil market has experienced significant volatility throughout the week, starting with a price spike due to Saudi Arabia's one million barrel production cut, followed by a plunge in prices after the US and Iran denied a temporary nuclear deal. Despite the highly-publicized Saudi output cut, US Oil prices saw another decline at the end of last week. As we approach the May CPI reading on Tuesday, just a day before the Fed decision, expectations are high for a shift away from the rate hike campaign that began 15 months ago. It is important to note that the central bank faces a resilient US economy that continues to exhibit inflationary tendencies, despite ongoing discussions of a possible recession. How will the market anticipate and react to these upcoming high-impact macroeconomic events? This video provides a comprehensive technical analysis of USOILSPOT, focusing on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, we aim to gain insights into the potential direction of price action for USOILSPOT in the coming week. Don't miss out on this insightful technical analysis to enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve by watching this video now! 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.
FX:USOILSPOT
by darcsherry
Crude oil trends Today's crude oil rose as scheduled, came to around 69.4, today in the transaction we chose to go long, got a very good profit, it seems that OPEC+ decided at the early June meeting to extend the current crude oil production reduction plan, and Saudi Arabia promised to cut crude oil production by 1 million barrels / day in July, and said that it will extend further if necessary, which may ease the decline in oil prices. In addition, the United States further purchases crude oil to supplement strategic reserves, may also bring some support to oil prices, next, the market will pay attention to OPEC's monthly short-term energy outlook report, crude oil should enter a shock adjustment period tomorrow, and then narrow the range of shocks, trading ideas recommend low long, with stop loss trading, reduce trading risks Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
2
USOIL:Trading advice for the day EIA crude oil stocks and strategic crude oil crude oil stocks are all synchronized with the decline in API stocks. In the short term, it corresponds to the central idea of the new round of OPCE+ production reduction meeting. The pressure on the supply side has eased, but the pressure on the Federal Reserve to raise interest rates is continuous, so the crude oil trend will be very depressed. The last trading day oscillated all the way from near 71, and after the data was released, it quickly rose to near 73.1 and fell under pressure again. The short-term maintenance range is repeated, and our operating ideas will continue to be maintained. USOIL:@73.1-72.8 TP:72.5-72 If you want to make more money, come to me and let us make a profit together.
FX:USOILShort
by UnknownUnicorn55305536
1
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsJoin me as we delve into the fundamental factors surrounding the upcoming OPEC+ meeting, taking place over the weekend. During this crucial gathering, OPEC+ members are expected to make important decisions regarding new production cut levels. These measures aim to regain control of oil prices by counteracting the influence of short-sellers and maintaining a target price of $80 or higher. This strategy involves creating an artificial supply squeeze to drive prices up. As a result, the outcome of the OPEC meeting adds an exciting layer of anticipation to the market's reaction on Monday. In addition, this video includes a comprehensive technical analysis of USOILSPOT, focusing on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, I aim to provide insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this insightful analysis, which combines fundamental factors and technical analysis to enhance your understanding of USOILSPOT's future trajectory. Stay ahead of the curve by watching this video now! 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.
FX:USOILSPOT
by darcsherry
Crude Oil Today The crude oil strategy given earlier, we chose to reduce positions after getting a profit at 72.7, it seems completely correct at present, crude oil fell to around 69.3, it seems that the short-term support below is around 67.3, today's release data to see that crude oil is bullish, I think there is still an opportunity to go long Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
Crude oil continues to go long Benefiting from the reduction of crude oil inventories and the impact of Saudi Arabia's planned production cuts, the upward trend of crude oil is obvious, and oil prices are expected to fluctuate in the range of 71.00-73.85 today Today's Crude Oil Trading Strategies: usoil:buy@71-71.5 tp72-72.5 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
2
Crude oil support began to move up Saudi Arabia, the world's largest oil exporter, raised official crude prices for Asian buyers. Oil remains in a wide weekly range due to limited demand, increased supply from non-OPEC countries, and potential recessions in the United States and Europe. Although crude oil broke through yesterday but then pulled above the trend line, it seems that crude oil support began to move up, and then the price rose above the short-term downtrend line. Crude oil is focused on long trading opportunities today Personal Trading Strategy: usoil:buy@70.8-71.3 tp72-72.5 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
USOIL:Trading advice for the day With the landing of the OPCE+ meeting over the weekend, although there is an agreement to maintain production cuts, the market is obviously skeptical about the actual effect of OPCE+ production cuts. In the last trading day, after the oil opened high around 74.3, it also fell all the way to touch around 72.2, and then the shock counter-pumped around 73.8, the second rise failed to effectively break through the key pressure level of 74, but also because of the weak US economic data, the second kill, after the gap to make up, there is a need to continue to test the support below, pay attention to the key support around 70, short-term oil is still a range idea! usoil:buy@70-70.5 tp:71 As long as you keep up with my signal, you can make more money
FX:USOIL
by UnknownUnicorn55305536
3
Crude oil shock adjustment Crude oil we saw a bottoming out last week, did not continue after the decline, but formed a V-shaped reversal, began to continue to rise, and is now entering the upward phase. The resistance above is also obvious, the current strong resistance is around 74.7, as long as there is no breakout, you can choose to go long at the low level Crude Oil Personal Trading Strategy: usoil:buy@70-70.5 tp71.2-71.6 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
Analysis of crude oil trading on Monday Crude oil rose strongly from 68 on Friday to get back the space for the previous decline, affected by the OPEC extended production cut agreement, crude oil at a high level of short strategy last week needs to be adjusted, intraday 72 and 71.3 has become a long support line, but also crude oil can choose to trade the position At present, the rising trend of crude oil is obvious, today's opening crude oil broke through above 74 and then fell back to adjust, once again giving crude oil room to go long, short-term support level to see 72, short-term upper resistance to see 75 Personal trading strategies: usoil:buy@72-71.5 tp72.5-73.5 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
Crude oil trading advice today Over the weekend, OPEC decided to cut oil production, which made the market worry about whether the supply side will affect the global economic recovery. At the same time, oil prices also showed a gap and opened higher this morning. At present, they have pierced the previous platform high but the action of rushing up and falling back has also come to an end. Appearance, indicating that after a quick wash here, it is more conducive to the bulls to advance downward, so today we wait for the opportunity of low bulls after the fall. Although the daily line of crude oil has risen and fallen this morning, the fundamentals of the rise have not changed, so we continue to be bullish. The intraday pressure is 74~75, and the support is 72.70~72.15. Trading strategy: buy@72.70 tp1:74 tp2:75 Next, there will be many trading opportunities for crude oil. I will provide you with more signals. Don't miss the opportunity to make money!
TVC:USOILLong
by Kent_Garcia
Saudi Arabia boost oil price with output cutI have some exciting news to share with you today. Saudi Arabia has recently announced their plan to boost the oil price by cutting their output by 1 million barrels a day. This is excellent news for the oil industry and presents a fantastic opportunity for investors like you and me. As you know, the oil market has been volatile in recent years, but with this announcement, we can expect a significant rise in oil prices. Therefore, this is the perfect time to invest in oil futures and exploit this exciting development. I encourage you to act fast and invest in oil futures today. This is an opportunity that you don't want to miss out on. With Saudi Arabia's commitment to reducing its output, we expect a steady increase in oil prices over the coming months. Let's exploit this exciting opportunity and invest in oil futures today. I look forward to seeing the positive results of this decision shortly.
TVC:USOILLong
by bryandowningqln
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe USOil rallied as much as 1.3% on Friday after the Fed’s favorite gauge for U.S. inflation came in beyond expectation for April, indicating that the central bank will raise interest rates again in June and July versus expectations for a pause. USOILSPOT Fundamental Factors: However, following the U.S. president's announcement via his Twitter handle on Saturday that the much-awaited deal to raise the U.S. debt ceiling has been reached, the potential of the currency and commodity markets to embark on a new wave of risk-taking - after weeks of fear about a government default on payments is now high. Now that the threat of a default is out of the way, assets, including commodities, could move higher when markets reopen on Tuesday after Memorial Day weekend. USOILSPOT Technical Analysis: In this video, we considered the USOILSPOT Support and Resistance Levels identified on the 4H timeframe as a yardstick to guide trading activities and the USOILSPOT Price Forecast ahead of the coming week. 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:USOILSPOT
by darcsherry
USOIL:Trading advice for the day The recent market is complicated, quickly pulling up a wave, there is the risk of the main wash, but under the short trend, crude oil eventually closed lower for the second time, so for the time being, crude oil still maintains a short trend, bullish downside. Although this wave of bears seems to be able to continue, but there is no short pattern, in the daily cycle, it is likely to break the unilateral moving average to suppress the strength, so today in the bearish crude oil while paying attention to the strength of the rebound, more optimistic about 67, 67.5 short-term bottom higher, if the big rise can be seen 69.8, 70.5 high. The US market has EIA data, and we need to pay attention to its impact. As long as you keep up with my signal, you can make more money
FX:USOIL
by UnknownUnicorn55305536
2
Analysis of today's crude oil trading As oil prices continue to fall, expectations of further OPEC production cuts and a major breakthrough in the US debt ceiling bill may limit the decline in oil prices The OPEC+ meeting will remain in the spotlight later this weekend, as producers are expected to announce further production cuts to support energy prices Personal Trading Strategy: usoil:buy@68-68.2 tp68.6-68.9 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
USOIL:Trading advice for the day In the short term, because a new round of OPCE+ meetings is about to be held, the market is also speculating on whether to continue to reduce production in the future, the current actual state is that global gasoline consumption is strong, U.S. crude oil inventories have declined, and the number of drilling has also declined, so short-term long and short have not much continuation. At present, it is an extreme of overbearish, and it can be bullish in the short term Trading advice for the day usoil:buy@70-70.4 tp70.8-71.2 Follow me and you will learn ways to make money and make it easy.
FX:USOILLong
by UnknownUnicorn55305536