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Usoilforecast

US CRUDE OIL 4H : Above 73.88 will rise up US CRUDE OIL New forecast Oil price is trading positively, breaching the 72.90 level after failing to hold below the 70.82 level, and now it is trying to consolidate above the 73.88 level, providing signs of activating the positive scenario for the rest of the day, on its way to visiting the 75.06 levels, then 76.77, and 78.00 as the next main stations. Therefore, an upward bias will be expected during the coming sessions with support from the 50 moving average that carries the price from below, keeping in mind that breaking the levels of 73.88 and then 72.90 will stop the expected rise and put pressure on the price to turn lower. The expected trading range for today is between support 72.90 and resistance 78.00 until stabilized . support line : 73.88 , 72.90 resistance line : 75.06 , 76.77 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILLong
by Arazmajeed
3
US CRUDE OIL 4H : Under 70.82 will drop moreUS Crude Oil New forecast Oil price trading stabilizes below the broken support at the level of 72.90, so that the bearish trend scenario remains valid and effective for today, which targets levels of 70.18 and then 69.15 as the next main stations. and to confirm the bearish trend it should stable under 70.82 level and then our targets will be activate . Therefore the downward scenario will be remain valid and effective during coming period supported by moving average 50 , we remind you of the importance of stability below 72.90 as a first condition for a continuation of the decline, as breaching it may encourage the price to achieve a temporary rise before returning to the decline again. The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized . support line : 70.18 , 69.15 resistance line : 72.19 , 72.90 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
6
US CRUDE OIL 4H : Under sell pressure US CRUDE OIL New forecast The price of oil ended last Friday's trading with strong negativity to settle below the 72.90 level, which places the price under the expected negative pressure in the immediate term, pushing the price to achieve negative targets starting at 71.00, and by breaking it, it will extend far to the 69.15 areas. Therefore, a bearish bias will be likely during the coming sessions, keeping in mind that breaching 72.90 will stop the current negative pressure and push the price to recover again. The expected trading range for today is between support 69.15 and resistance 72.90 until stabilized . support line : 71.00 , 69.15 resistance line : 72.19 , 72.90 Attention : We don't have any group in telegram be careful about scammer. Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
TVC:USOILShort
by Arazmajeed
4
Usoil-Range trading analysis The U.S. EIA crude oil inventory unexpectedly rebounded. Although oil-producing countries such as OPCE+ and Saudi Arabia are fully confident in stabilizing the crude oil market, the market performance is poor and the demand side is relatively weak. As a result, oil is currently in a range-bound state. Usoil:sell72.75-73.1 TP:72.3-72 SL:73.3 In volatile market conditions, control positions reasonably and set SL I will continue to analyze my views, join me, follow me
TVC:USOIL
by UnknownUnicorn64321080
Tuesday: Crude oil market analysisWTI crude oil prices may be reversing from the decline as the commodity price formed an inverted head and shoulders pattern on the hourly time frame. Prices have yet to break above the neckline around $74 a barrel to confirm the uptrend, and may be followed by a rebound of the same height as this pattern. However, technical indicators suggest that this decline will continue. The 100 SMA is below the 200 SMA, indicating that the path of least resistance is to the downside or that a sell-off is more likely to gain traction rather than reverse. The stochastics are also pointing downwards, indicating that selling pressure is building while buyers take a break. Similarly, the RSI is moving downwards, indicating bearish momentum is building, and the oscillator has plenty of room to move lower before indicating oversold. In this case, crude oil is likely to continue to follow the trend with sellers in control and may test lows of $70 per barrel. Personal suggestion: go short on the rebound
TVC:USOIL
by Short-termTaurus
Monday: Crude oil focuses on the 71/72/74/75 areaOn Monday (January 8), international U.S. crude oil prices traded around $72.85 per barrel. U.S. non-farm employment growth in December exceeded expectations, prompting financial markets to lower expectations for an interest rate cut by the Federal Reserve in March. The risk posed by tensions in the Middle East is an important factor in the price rebound. Geopolitical tensions have pushed up trading premiums, and strong jobs data also pointed to strong fuel demand. In the 4-hour chart, a wave of decline gave up nearly half of the previous gains. It is currently in the process of confirming the retracement. Bollinger Bands closed, the short-term entered a contraction and shock, and the long-short tug-of-war switched. It is not a strong unilateral market. After the second retracement, pay attention to whether it can start a stable recovery above the low point. If it starts to stabilize, continue to watch the rebound. On the whole, it is suggested that the day-to-day operation of crude oil should focus on the first-line resistance of 74.0-75.0 at the top and the first-line support at 72.0-71.0 at the bottom.
TVC:USOIL
by Short-termTaurus
2
Thursday:Crude oil narrowed and fluctuated Oil prices fell in volatile trading on Thursday as U.S. crude inventories exceeded expectations and concerns about the Red Sea crisis eased. Crude oil's Xiaoyin cross K-line retraced yesterday and settled flat. In line with the rebound of the previous day's big Yang line, it did not make a further strong reversal upward, but went back down. At present, the daily line is still rebounding based on 69.30 as the bottom. If it does not fall below 69.30 in the short term, it will tend to rebound first. Let’s see if it can start a steady rise today. In the 4-hour chart, a wave of decline gave up nearly half of the previous gains. It is currently in the process of confirming the retracement. Bollinger Bands closed, the short-term entered a contraction and shock, and the long-short tug-of-war switched. It is not a strong unilateral market. After the second retracement, pay attention to whether it can start a stable recovery above the low point. If it starts to stabilize, continue to watch the rebound. Of course, the process will still oscillate repeatedly. For short-term operations, set the time point after the European market, and the final market shape shall prevail. Use the intraday form stuck point to respond flexibly in the ultra-short term. On the whole, it is suggested that the day-to-day operation of crude oil should focus on the first-line resistance of 74.0-75.0 at the top and the first-line support of 71.0-70.0 at the bottom. Strategy reference: It is recommended to enter the market with multiple orders at 72.2-72.4, plan in advance, and pay attention to updates for more signals↓
TVC:USOIL
by Short-termTaurus
Thursday: Crude Oil Market Analysis and StrategyOil prices rose in Asia on Thursday, with WTI oil prices hovering around 73.6. Disruptions in Libya's top oil fields heightened concerns that rising tensions in the Middle East could disrupt global oil supplies, and international crude oil prices climbed about 3%. The two crude oil benchmark prices closed higher for the first time in five days, with WTI crude oil rising the most since mid-November. Later on Thursday, U.S. ADP employment changes and weekly initial jobless claims will be released. Traders will take more clues from U.S. employment data on Friday, including non-farm payrolls, the unemployment rate and average hourly earnings due on Friday. The daily line of crude oil closed with the Zhongyang line with a long lower shadow, and there is a high possibility of stopping the decline in the short term. The 1-hour cycle has entered the early transaction intensive area, there is the possibility of a small cycle reversal, and there is a high probability of rising within the day. It is recommended to pay attention to the first-line support of $72.20 below. Strategy reference: It is recommended to enter the market with long orders at 72.2-72.4 This is a plan ahead, more strategies are waiting for updates👇
TVC:USOIL
by Short-termTaurus
Wednesday: Crude oil focuses on 71.2/72.5 pressureOn Wednesday (January 3), crude oil prices were trading around $70.37 per barrel. As investors lowered their expectations for interest rate cuts, the dollar strengthened, putting oil under pressure. Oil prices fell on the first trading day of 2024, with international crude oil futures settlement prices falling by more than 1% as concerns that tensions in the Red Sea could disrupt supply eased. OPEC+ will hold an online meeting early next month to resume routine oil market monitoring. A person familiar with the matter said the meeting is planned for February 1. The trend of U.S. oil this week needs to be repaired and digested. The market needs to confirm the validity of last week's decline. It needs to confirm whether the 73 line can still stand firm. If it can stand firm, U.S. oil will still have expectations for a rebound in the future. If 73 cannot be recovered, then The short-term market may have variable risks. Even if it does not fall in the short-term, it will have a great impact on later emotions. Crude oil's daily closing line has a small negative line with a long upper shadow, which has fallen below important support. There is a high probability that the daily line will hit a new low. The 4-hour cycle is effective for testing the upper pressure area, and if it falls below the long-term moving average support, there is a high probability that it will continue to decline. It is recommended to pay attention to the pressure on the upper line of $71.20. Strategy reference: now 69.9, it is recommended to sell at 71.5-71.2 Planning ahead does not represent a real signal, see more signals👇
TVC:USOILShort
by Short-termTaurus
Monday. Crude oil falls under pressureCrude oil prices remained weak in Asian trading on Tuesday and are currently trading around 72.6. During the day, we will pay close attention to the US PMI to be released later on Tuesday. Later this week, the Federal Open Market Committee (FOMC) meeting minutes will be closely watched ahead of Friday's U.S. non-farm payrolls (NFP) report. The crude oil market was at 73.67 at the beginning of last week. Afterwards, the market initially rose, reaching a weekly high of 76. Then the market fell back strongly, with a weekly low of 71.05. Afterwards, the market consolidated and finally closed at the end of the week. The line was at 71.12, and then the market closed with a big negative line with a long upper shadow line. After this form ended, crude oil continued to be under pressure. In the 4-hour chart, the pressure on the 76.30 line changed and fell, and the structure fell in a wave. It is still in the rebound trend. The Bollinger Bands are running below the middle track, and the middle track 73.5 is an important resistance point. ​ Personal suggestion: short on rebound; WTI dividing line: 73.5
TVC:USOILShort
by Short-termTaurus
27 crude oil market analysis, rise or fall today?The crude oil market is currently at a crossroads, balancing geopolitical tensions in the Middle East with economic factors and policy speculation. Although oil prices fell in early Asian trading on Wednesday, they surged more than 2% earlier this week to reach their highest level this month. Inventory reports further affected the market outlook. Forecasts show U.S. crude inventories will fall by 2.6 million barrels, while distillate and gasoline inventories are expected to rise. These insights provided by the American Petroleum Institute (API) and the Energy Information Administration (EIA) are critical for traders to gauge supply levels. Yesterday (December 26) crude oil closed up. Last week, the weekly closed positive for the second week and rebounded. But whether it can continue is a question. Whether it continues to close positive this week or turns negative and falls back will determine the direction of the market outlook. The 1-hour chart tested twice near 76 and was suppressed. Today we still need to pay attention to the pressure break at the high point. It is currently rebounding, but whether it can continue further requires breaking through the resistance of 76 to open up space. Below, focus on the two previous lows of 73.2 and 72.5. If they fall below, it means the end of this stage of the rise. If you currently hold orders, you can send them to me and I will give reasonable suggestions based on the market conditions!
TVC:USOIL
by Short-termTaurus
Things to note when trading crude oil this week! Day analysiTraders this week must contend with both declining liquidity and potential tensions caused by Yemen's Houthi rebels. If the shipping crisis in the Red Sea region persists, it will not only provide some support for WTI crude oil prices this week, but also create opportunities for speculative buying. Traders will need to be cautious about risk management this week due to the Christmas holiday. WTI crude oil bears may believe that there will be a high technical reversal, and they will also pay attention to Middle East shipping news. Last week, the market fluctuated upward, and closed the positive line with a long upper and lower shadow line, indicating that the market was more volatile. However, the market is still running below the 20-day moving average, and the overall trend is still bearish. During the day, focus on the first-line pressure of $74 at the top and the first-line support of $72.0 at the bottom. At present, the technical indicators have completely turned bearish, and it is recommended to mainly go short on the rebound!
TVC:USOILShort
by Short-termTaurus
USOIL: 22/12O European market suggestionAngola said it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group's efforts to support prices by limiting global supply. In the 4-hour chart, after falling below the middle track and back-testing the lower track, it holds the sub-low and rebounds above the lower track to regain the middle track. The 4-hour chart is a rapid downward rebound, seeking support and correction, and then continuing upward. In the short term, use 73.8 as a defensive support point, and then adjust your thinking if it breaks below. But as long as the low point of the step is not broken, the trend remains unchanged. On the whole, it is suggested that the short-term operation of crude oil should focus on the first-line resistance of 76.0 at the top and the first-line support of 73.8 at the bottom. Continue to look for low prices to buy. If you want to get the latest signals, you can contact me↓
TVC:USOILLong
by ActuaryJ
Oil operation suggestions for next weekAngola may increase oil production after it withdraws from OPEC. However, good news about the U.S. economy and attacks on ships in the Red Sea caused hundreds of ships to change routes and increase delivery costs, causing oil prices to fall before the Christmas holiday weekend. Although oil prices rose about 3% this week, crude oil prices still posted their largest weekly gain in two months. Technically we see crude oil futures support at 72.5 and resistance at 75.3. This week, the 30-minute long and short trend has repeatedly appeared. Crude oil continued to fall before the close on Friday, and the short energy distribution continued to build up at $74 to suppress the market. From a daily perspective, crude oil fell in late trading on Friday, and profit-taking before holidays is a very normal operation. Judging from the current technical indicators, it has completely turned short. It is recommended to focus on rebounding and shorting! The specific direction will be decided after the market opens on Tuesday.
TVC:USOILShort
by Short-termTaurus
USOIL: The rise is blocked and will fall in the short termInternational oil prices rose. Originally affected by the increase in U.S. crude oil inventories, oil prices first rose and then fell. However, the risk of interruption of the Red Sea transportation channel still provided support for oil prices, helping to keep oil prices above the 21-day moving average. Yesterday, the market rose first and then fell as expected, reaching the upper line of 75.40 and falling back. Despite this, oil prices finally closed higher. Government data showed that U.S. inventories increased significantly and production reached record levels, exacerbating continued concerns about oversupply. The U.S. market yesterday evening The second upward attack pierced 75.3, and then it fell back and fluctuated downward to break the bottom and close. The daily line closed higher and fell back. The overall price showed a stagflation pattern above the 75 mark. Today, we can go short first and then look at the shock and fall.
TVC:USOILShort
by ActuaryJ
USOIL: It broke through 75 today and is expected to return to 80Crude oil (USOIL): Crude oil also showed the same picture as my analysis yesterday, falling first and then rising. Today's opening is at 74, with an amplitude of $3 in the morning. It's not promising, and the amplitude is smaller than gold! The daily chart has risen for five consecutive days. Visually, the downward trend has ended, and a new round of bullish trend is coming. Today it will continue to attack above 75. If it is suppressed, there will be a small downward correction in the past two days. If it directly breaks through 75 , crude oil will continue to move towards the 80 mark! ! Today we will focus on the two positions 73.5/73 below! !
TVC:USOILLong
by ActuaryJ
1