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Usoilforecast

📈🛢️US Oil Daily prediction 🛢️📉TVC:USOIL TVC:DXY Hello Traders. Let's continue our analysis of USOIL. Before we predict next week, let's take a look at oil chart's trend along with the DXY index. The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285) If the price of oil rejects at the level of $77.65, it is likely that the second scenario will occur for the price and vice versa. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
TVC:USOILLong
by CrazyS
USOIL: Crude Oil Market Analysis and AdviceLooking at the four-hour trend, crude oil is still running in a downstairs structure, with the upper resistance at the 72.8-73.4 area. Only a further breakthrough can change the overall trend. However, because crude oil has a large V-shaped reversal at low levels, bulls still take the initiative in the short-term trend; the short-term watershed between long and short is $71.3, and crude oil will continue to weaken after it breaks below again. Personal suggestion: go long on the pullback; the dividing line between long and short: $71.3/barrel
TVC:USOILLong
by ActuaryJ
1
USOIL: 14/12 market analysis, plans to sellCrude oil (USOIL): Yesterday, crude oil broke through the 68 area, reaching the lowest position of 67.7. Today opened at 69.8, and the amplitude of five or six dollars in the morning was not too big. It broke below yesterday, but it did not stay too much. In the evening, the decline was gradually recovered, and the daily K closed a green line. There was only one explanation given, short correction, just like the previous two days. Only after correction can the short acceleration be ushered in more smoothly! Crude oil trading signal sent later
TVC:USOILShort
by ActuaryJ
2
USOil WTI Technical Analysis And Trade Idea USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly down to as brief as 15 minutes. Expect a thorough exploration encompassing price fluctuations, market trends, trend assessments, and critical technical analysis elements. It's imperative to highlight that the insights shared here are solely for educational purposes and should not be construed as financial guidance.
TVC:USOILShort
by fxtraderanthony
Usoil:Has it reached the bottom? Before, I have notified that oil can be bought gradually starting at 69.4 Oil reached a minimum of 68.8 yesterday. If you follow my strategy to buy gradually, you have made a lot of profits now. There is currently a lot of resistance near 70.8-71. Judging from the chart, oil has temporarily moved out of the downward trend, but it needs to be observed whether it can break through the upper resistance. So, if you follow my advice, you can leave the market at a profit now, because the trend shift is not determined once, we need to observe it multiple times. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
1
USOIL TECHNICAL ANALYSISAs far as we technical traders like to complicate things, I am always looking for simple reasons to validate what I 'M seeing on the chart. USOIL_CRUDE is now on a downtrend since September making a series of lower lows and lower highs.For me to change my bias on USOIL I want to see the market trading above 78$ which is my level for oil to really validate my thesis for me to start looking for long opportunties if not then I will continue looking for short postions.
CAPITALCOM:OIL_CRUDE
by juniormoseki1
Crude oil trading strategy on December 7 Yesterday, the market rose first and then fell in the evening. It once reached the 69.10 line below and is still rebounding slightly. Now there is a desperate counterattack signal at the 69.10 line. It is expected that a rebound is about to happen. It depends on the strength of the short-term rebound. The short-term general direction remains unchanged. In the short term, we will continue to short on rallies. Specific suggestions are as follows: Crude oil 72.60 and 74.60 are short respectively, with stop loss of 70 points and take profit of 300 points; Crude oil is long at 69.20 and 66.30 respectively, with a stop loss of 70 points and a profit stop of 500 points.
TVC:USOILShort
by Short-term-trading-king
USOIL: Crude oil analysis today, continues to fallCrude oil (USOIL/XTIUSD): Yesterday, crude oil entered the market as planned and harvested profits, reaching a perfect position of 72.2, with a profit of 140pips. Today it opened at 72.1, rising by 5 US dollars in the morning and then falling back, similar to the trend of the previous two days. The bulls resisted tenaciously in the morning. Although there is strong support at the low level to resist the decline, the downward trend remains unchanged. The focus is on the 72.9/73.4 position at the top today. With the strength of the shorts, we are firmly bearish on the acceleration of the bottom break! Signals will be sent in real time
TVC:USOILShort
by ActuaryJ
Usoil:forecast Oil was supported near 72, has now risen, has broken through the downward trend, and is now in shock If the oil does not fall below the important support of 72 this week, we can be sure that the oil may have reached a phased bottom. So this week we need to pay important attention to the support strength of 72. If it falls below, the oil will look for the bottom again, and it may reach the important support of the monthly line near 68, so this week is very critical. I judge that if it does not fall below 72 this week, oil will sprint to 79.7 again. If it falls below this important support, observe the monthly support of 68-70. Pay attention to OPEC news, Saudi Arabia and Russia do not want oil prices to fall, if the oil reaches the monthly support point, you can choose to buy Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
Usoil:Waiting to choose the direction OPEC has not taken a real approach to enforce compliance with selective production cuts, and the production cuts are expected to continue until the first quarter of 2024.Since OPEC's meager production cuts of one million barrels per day are unlikely to offset the impact of the decline in global crude oil demand, it is expected that there may be an oversupply of oil in the coming months. Judging from the chart, oil is still in a downward trend, but the support below 72 is very strong, so we need to observe the support of 72-72.2 and wait for the oil to choose the direction. So you can try to buy and strictly observe the support point to make a stop loss, because it is a downtrend, you can also wait for the rebound to the resistance point to sell, so that your success rate is greatly increased Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
USOIL: 5/12 Today’s Trading StrategyCrude oil (USOIL): Crude oil opened at 73.3 today. It was volatile in the morning and the market was running slowly. Yesterday’s crude oil was long and short in shock, and the range also had an amplitude of 20 US dollars. However, the overall trend was still suppressed by the pressure from above and could not break through. The bulls were not to be outdone. , which has resulted in the current volatile situation, but the general trend is still there, so we can just continue to take advantage of the trend and go short! ! The daily K-continuous negative trend went very smoothly, and new pressure formed yesterday above, so today we will focus on the pressure of 73.6-73.7! ! USOIL SELL:73.6~73.7 SL:74.3 TP1:73 TP2:72.6 TP3:72.2 Since the quotes from brokers are different, please refer to Tradingvew’s quotes.
TVC:USOILShort
by ActuaryJ
Usoil:The impact of the OPEC+ meeting Severe storms in the Black Sea region interrupted Kazakhstan and Russia's oil exports of up to 2 million barrels per day.The Ministry of Energy of Kazakhstan said that the average daily oil production of Kazakhstan's largest oilfield will be reduced by 56%.This has led to the possibility of short-term supply constraints and pushed up crude oil prices.Secondly, a report from the U.S. Energy Information Administration showed that U.S. crude oil and distillate stocks unexpectedly increased last week, indicating weak demand.Although gasoline inventories increased more than expected, these effects were offset by the large consumption of other refined products such as fuel oil.This has also played a certain supporting role in the rise in crude oil prices. Investors' attention to the results of the upcoming OPEC+ meeting has also pushed up crude oil prices to a certain extent.The OPEC+ Group of Oil Producing Countries will decide on the level of oil production in 2024 at the meeting.So we must pay attention to the final result of the OPEC+ meeting I also said yesterday that oil is still above the trend line and maintains an upward trend, reaching a maximum of 78.75 today. So you can still buy at the support point today, or it will be more secure to wait for the meeting before trading. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
1
USOIL: Oil prices rose sharply due to a storm in the Black Sea Oil prices soared as storms in the Black Sea region disrupted oil exports from Kazakhstan and Russia, raising concerns about tight supply as investors awaited a major OPEC+ decision. Severe storms in the Black Sea region have disrupted oil exports of up to 2 million barrels a day from Kazakhstan and Russia, state and port authorities said. The Ministry of Energy announced that Kazakhstan's largest oil field will see a 56% decline in total daily oil production by November 27. Hiroyuki Kikukawa, president of NS Trading, a division of Nissan Securities, said: “Investors are locking up short positions ahead of the OPEC+ meeting amid concerns about supply disruptions from Kazakhstan.” “Attention is focused on OPEC+ policy and demand outlook for the second half of this year, and unless OPEC+ makes significant production adjustments, WTI is expected to remain around $76 in the short term and fluctuate above and below $5. .” OPEC+ is scheduled to hold an online ministerial meeting on Thursday to discuss production targets for 2024, after postponing its Nov. 26 meeting. Four OPEC+ officials said negotiations would be difficult and there was a possibility of an extension of the previous agreement rather than deeper production cuts. A weak dollar and a decline in US crude oil inventories also supported crude oil prices. The dollar fell near a three-month low as market expectations grew that the Federal Reserve could start cutting interest rates early next year. Meanwhile, U.S. crude oil inventories fell by 817,000 barrels last week, market sources said, citing data from the American Petroleum Institute. On average, eight analysts polled by Reuters expected oil inventories to fall by about 900,000 barrels in the week ending Nov. 24. The US government's weekly oil inventory statistics will be released this evening.
TVC:USOILShort
by Chart_MasterPro
Usoil:Will it continue to break through? Yesterday I said that oil has broken through the downward trend, and now it is blocked from falling in the middle of the trend line. If it continues to fall, we need to observe the support strength of 76-76.3 So you can buy gradually in this range, because the OPEC meeting is still uncertain, if it falls below the range, you need to strictly set the stop loss Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
1
Usoil:Will it continue to fall? The OPEC meeting originally scheduled for November 26th will be postponed to November 30th, and OPEC will change to an online meeting on November 30th, which will affect the trend of oil. Oil has always been weak, volatile and falling Observe the support strength of the support range 73.7-74.1 of the last rebound If it falls below this support range, oil may reach near 72 again Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
1
OPEC Close to Agreeing Product Cut as African Countries I wanted to draw your attention to recent developments within the Organization of the Petroleum Exporting Countries (OPEC) that could potentially impact the oil market significantly. It appears that OPEC is inching closer to reaching an agreement on production cuts, as several African countries have now joined forces. Over the past few weeks, discussions within OPEC have intensified, with member countries grappling with the ongoing challenges posed by the COVID-19 pandemic and its impact on global oil demand. The recent addition of African nations, including Nigeria, Angola, and Gabon, to the group's production cut efforts, has injected a new sense of optimism into the market. This collective action aims to stabilize oil prices and reduce the global supply glut that has been weighing heavily on the industry. However, it is important to approach this development with caution. While the prospect of OPEC reaching an agreement is encouraging, we must acknowledge the inherent uncertainties that still loom over the market. The success of any production cut deal relies on the commitment and adherence of all participating countries, which historically has been a challenge. Moreover, the global economic recovery remains fragile, and the resurgence of COVID-19 cases in several countries poses a significant threat to oil demand. Any setbacks in the containment of the virus could further dampen the prospects of a sustained oil price recovery. Considering these factors, it would be prudent to exercise caution when considering investment decisions. As always, thorough analysis and risk management should guide your trading strategies. While the potential for shorting oil may seem compelling given the current situation, it is essential to carefully evaluate the associated risks and consult with your financial advisor. In conclusion, the news of OPEC's progress towards a production cut agreement, coupled with the involvement of African countries, certainly warrants attention. However, the volatile nature of the oil market demands a cautious approach. As traders, it is crucial to stay informed, adapt to evolving circumstances, and make well-informed decisions based on comprehensive analysis. Please feel free to reach out if you have any questions or require further insights. Wishing you successful trading ahead!
TVC:USOIL
by bryandowningqln
Usoil:Fluctuation is too small On the news side, OPEC+ officially announced that the meeting to be held on November 30th will be changed to an online meeting.Regarding the rumors of discord within OPEC, the representative of Nigeria said that he did not know that there were differences within OPEC+, and he was satisfied with the survey results on Nigeria's production plan. Angola stated that it does not intend to withdraw from OPEC+. OPEC+ is approaching a compromise with African oil-producing countries on production levels in 2024.There are various signs that a new round of production cuts may be coming. As can be seen from the chart, oil rose again after falling yesterday, and today it also fluctuated narrowly, indicating that oil is still waiting to choose the direction, but recently it is unwilling to fall. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
USOIL (CRUDE OIL ) SELL ON REJECTION HELLO TRADERS !!! As i can see CRUDE OIL 🛢️ The anticipated OPEC+ meeting set for this weekend to a postponement to Nov 30th. The delay stemmed from challenging discussion between Saudi's and fellow members regarding oil production levels.... Saudi Arabia currently implements an additional 1 Million barrel per day output cut since July engaged in talks without specifying the cause for the delay.... Recently weeks have seen oil prices fluctuate amir signs of expending supply..... CRUDE OIL 🛢️ INVENTORIES ROSE 8.70 MILLION BARREL while this presents another bearish factor 🔥 and technically it is showing us a rejection here on a fake breakout of trend line so we planing for these design TP and expected more fall in USOil its just an trade idea do a proper analysis before trade on ur real account share ur trade idea with us it will help alote the trader community
FX:USOILSPOTShort
by APEX_TRADING_ACADMEY