Get started

Usoilforecast

USOil | New perspective for the week | Follow-up detailThe OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day hereby bringing the total volume of cuts by OPEC+ members to 3.66 million bpd according to Reuters calculations - a whopping 3.7% of the global oil demand. The latest reductions have a strong potential of lifting oil prices to new highs. In this video, we looked out for the possibility of taking advantage of any potential move in either direction. 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 | New perspective for the week | Follow-up detailFollowing the massive slide couple of weeks ago; we scooped over 800pips profit as the US oil finished last week's trading session up approximately 4%, after factoring in gains from the first four days of the week. This indicates consolidation and the possibility of a technical rebound, which has immediate resistance at both the trendline identified on the 4H timeframe and the swing high of the $71 zone. In this video, we analyzed the current market structure with the intent of identifying the potential direction of price action in the coming week(s). 00:40 Reference to last week's daily commentaries and results 04:50 USOil Technical analysis on Daily chart 10:20 USOil Technical analysis on 4H Timeframe against next week 12:38 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:USOILSPOT
by darcsherry
views in dcb for USOILTVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend. Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
TVC:USOILShort
by biniyoger_swaralipi
USOil | New perspective for the week | Follow-up detailFollowing approximately 2,000 pips in profit last week (see link below for reference purposes); we took a fresh new look at the chart as US Oil prices hit their lowest point since December 2021. I think the slump in oil prices this time, had little to do with supply-demand but more with the crisis of confidence at banks that provide the liquidity for trading this commodity and the potential interest rate hikes by the Federal Reserve have also led to fears that the US economy could end up in a recession. In this video, we took a technical dissection of the current market structure and identified a simple structure that we shall be using to guide trading activities in the coming week(s). 01:00 Reference to last week's daily commentaries and results 04:20 USOil Technical analysis on Daily chart 06:39 USOil Technical analysis on Weekly chart 09:00 USOil Technical analysis on 4H Timeframe against next week 10:30 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:USOILSPOT
by darcsherry
USOil | New perspective for the week | Follow-up detailWell, the past three to four months have shown that the only reason crude prices aren’t breaking out of the channel ($83/$70) is because of the inflation hangover in the U.S and the Fed’s hawkish outlook emphasizes how far and high it is ready to increase rates. This was further reiterated by Fed Chair Jerome Powell during his testimony before Congress as the central bank is more than prepared to hike rates beyond the previously indicated margin if that’s what will bring inflation down. This video illustrates in detail the technical parameters and what to look out for in the coming week. 00:50 Reference to last week's daily commentaries and results 05:50 USOil Technical analysis on Daily chart 08:30 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:USOILSPOT
by darcsherry
1
USOIL: Bottom fishing, with potential return to $80 per barrel US crude oil has fallen for three consecutive days, pushing oil prices below $70 per barrel. As the market continues to revise down expectations for economic growth, and rising crude oil supplies offset the boost from China's reopening and the instability caused by the Silicon Valley Bank (SVB) collapse and Credit Suisse crisis, the financial market is facing huge instability, which has led to a sharp drop in oil prices. As the development of fundamentals continues to weigh on risk sentiment, US crude oil has extended its decline, breaking through the previous support (now turned into resistance) at the important psychological level of $70. As of Wednesday's close, US crude oil has fallen more than 12% this week, pushing the Commodity Channel Index (CCI) into oversold territory. At the same time, this round of decline has pushed oil prices towards the 200-week moving average (MA) of around $66, and oil prices have temporarily found support at this level. Personally, I am bottom fishing and going long on USOIL at $66-68 per barrel. Due to the huge volatility of energy products, please control your position size. Only consider following my strategy if you have sufficient capital. Enter the market with a small position and aim for long-term profits, with a target of $80 per barrel on the upside. I have conducted in-depth research on futures products such as cryptocurrencies, forex, stocks, gold, and crude oil. I also update my daily operation strategies. Thank you for your attention and support. If you have any questions, please feel free to leave a message, and I will provide the most secure advice. I hope I can help you.
TVC:USOILLong
by FlashTrades_
Continue to go long on crude oil. Due to positive data, the oil price continues to rise. Our long position took profit at 76.3. Currently, it seems that there is still momentum for oil to continue its upward trend, with the MACD indicator showing a second bullish crossover on the 2-hour chart. Resistance is near 78.5, so I believe we can continue to enter long positions with a trading strategy of entering around 76.3-75.8 and setting a profit target in the 78-79 range. If the oil price can break through the 79 level, the next target is around 80.8. TVC:USOIL MCX:CRUDEOIL1!
TVC:USOILLong
by Ice_and_Fire1
USOIL:$78 next week is crucial On Tuesday this week, the testimony of the Chairman of the Federal Reserve before Congress raised concerns about risk assets in the market. In this testimony, Powell stated that "if it is necessary, the Federal Reserve is prepared to speed up the pace of interest rate hikes, and terminal interest rates may be higher than expected." These words indicate that the Federal Reserve not only did not cool down the rising expectations for interest rate hikes over the past month, but also further pushed up the expectations for interest rate hikes. Powell's speech caused shock in the market, as the market saw from Powell's speech a determination to lower the inflation rate at the cost of suppressing demand and employment. On that day, the US dollar index soared, risk appetite deteriorated, and US stocks fell sharply, accompanied by a sharp drop of 4% in oil prices from above $80 per barrel. However, there was a reversal in oil prices on Friday. After testing the support at $74.5, the market quickly rebounded above $76 and successfully stabilized. Our long position in crude oil at $75 also reached the first take-profit level smoothly. However, there is still a certain distance from the recent high of $80, and the upper resistance level to watch is in the 76-78 area. This dense resistance area may limit the upward space. But if it breaks through $78, there will be an opportunity to challenge the $80 level again. Let's keep an eye on it, and I will update the trading strategy in a timely manner. I have in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil, and I also update daily trading strategies. Thank you for your attention and likes. If you have any questions, please leave a message, and I will provide the most secure advice to help you.
FX:USOILLong
by FlashTrades_
1
Buy on dips below $75 for USOIL As the Federal Reserve continues to raise interest rates and unwind its balance sheet, concerns over other US banks were raised following the "Silicon Valley Bank Incident", causing all three major US stock markets to fall. The S&P 500 Bank Index plummeted 6% last night, marking the largest single-day drop in two years. JPMorgan's stock price also fell 6%, resulting in a market capitalization loss of approximately $20 billion. Bank of America fell 6.1%, while Wells Fargo and Citigroup fell over 6% and 4% respectively. The four major US banks suffered a combined loss of $47 billion. Silicon Valley Bank announced an $1.8 billion loss from the sale of part of its investment portfolio, and sought to raise $2.25 billion by selling common and preferred shares. The bank's "self-rescue measures" worried investors, causing the stock price to plummet by 60%. In short, the market believes that Silicon Valley Bank is facing a liquidity crisis. Without a doubt, the market's risk aversion sentiment has spread to the crude oil market. After reaching $80, USOIL saw a sharp decline to below $75. Currently, there is a demand for a rebound in the market, and it is suggested to buy on dips below $75. Short-term technical rebounds and corrective trends for crude oil are expected, with a target focus on $77-80. I will continue to monitor the market and provide the latest strategies.
FX:USOILLong
by FlashTrades_
1
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
Waiting for a rebound to go short. In the early Asian session, US oil traded near $77.20 per barrel. On Tuesday, crude oil plummeted more than 4%, affected by Chairman Powell's speech exacerbating concerns about interest rate hikes and a stronger dollar. Powell stated to lawmakers on Tuesday that the Fed may need to raise interest rates more than expected to respond to strong recent data, which led to a downturn in most financial markets. Today, shorting is favored in crude oil. Strategy suggestion: Sell crude oil near $78.3-$78.5 with a stop loss at $79.2 and a target near $76. I will also give an alert once it reaches the target. Follow me to make trading simpler. TVC:USOIL FXOPEN:XAUUSD
TVC:USOILShort
by Ice_and_Fire1
1
USOIL: Long position at 79.5 Over the past two weeks, international oil prices have continued to fluctuate upwards, despite the negative signals from changes in US crude oil inventories and little impact on Russian crude oil exports from sanctions. However, these pressures have been unable to overshadow the positive impact of China's economic recovery and resilient risk appetite on oil prices. The supply gap caused by Russian sanctions on crude oil has been a concern for investors and an important factor supporting oil prices. According to recent media reports, the CEO of crude oil trader Gunvor Group has stated that price ceilings and export bans have not interrupted Russian crude oil exports, and there is an "uncontrolled fleet" shipping Russian crude oil outside the control of Europe and the United States. Contrary to the negative factors mentioned above, China's economic recovery is one of the important positive factors for international oil prices. Apart from immediate indicators such as the recovery of transportation observed by the market after the relaxation of epidemic prevention measures, some recognized economic data have confirmed the strong rebound of China's economy, such as the official PMI and Caixin PMI last week. Goldman Sachs previously predicted that as China's economy recovers, oil prices may return to $100 per barrel. China's latest trade data released today showed a trade surplus of $116.88 billion for January-February, down 6.8% year-on-year, better than the expected decline of 9.4%; imports fell by 10.2% year-on-year, worse than the expected decline of 5.5%. From the sub-item data, China's crude oil imports in January-February fell by 1.25% year-on-year (about 1.07 million tons), but imports of refined oil increased by 14.4% year-on-year (about 0.67 million tons). The recent strong risk appetite has also provided support for the rise of international oil prices. The daily chart shows that crude oil has broken through the downtrend line starting from January 27th, and after yesterday's fluctuations, it has broken through the 80 level, which may open up space for further upward movement. Although there may be adjustments during the day, if it can hold the support near the 80 level, it will maintain the prospect of further bullishness. If expectations are met, subsequent upward movements will target the recent months' high of 83 and the downward pressure line since July last year of 84. Personal trading recommendation: Enter a long position near $79.5, with the first target at $81.5 and the second target at $82.5. Whether crude oil can effectively stand above $80 in the near future is crucial. If there are any changes in the market situation, I will update it in a timely manner. Please continue to follow my strategy and leave me a message if you have any questions. I hope this can help everyone.
TVC:USOILLong
by FlashTrades_
1