Usoil:Range fluctuation
Oil is still the same as I said last week, fluctuating in the range of 82-86
As can be seen from the chart, the low point of oil is constantly moving up, and the support point is also constantly moving up, from 82 for the first time, to 82.5 for the second time, and 83 for the third time.
So it can be seen that we can still sell at the high point and buy at the low point
Now you can buy in the range of 82-82.5, or sell in the range of 85.5-86.
This strategy is still effective. Aggressive traders can buy at 83. If you break through these two ranges, you need to make a 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
Usoilforecast
US Crude oil 4H:retest and then rise up US OIL
New forecast
The price perfectly fulfills my last idea and price reached to our target +170 pip .
The price of oil failed to penetrate the level of 85.71 after the strong rise that occurred last Friday due to the war, and it rebounded from it to return to the selling pump again, which maintains its cohesion in the face of negative pressures so far by exceeding the level of 83.24, so that the bullish trend scenario remains valid for the coming period, waiting for the target to be exceeded. 85.71 to achieve additional gains of up to 86.34, and by exceeding it, it will reach 87.72.
Therefore, we expect the upside trend to continue to be preferred in the near term due to the war between Israel and Palestine, taking into account that stability under 83.24 will stop the expected rise and put pressure on the price to resume the downward correction, which is its next main target. At 82.00 so now it is possible to do correction to 83.24 and then rise up again.
The expected trading range for today is between support 82.00 and resistance 86.34 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 83.24 , 82.00
resistance line : 84.81 , 86.34
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US Crude Oil 4H : New forecast USOIL
New forecast
The price of oil traded with noticeable negativity in the past sessions, and the day begins with an additional decline to break the support of the main ascending channel followed by the 88.30 level, which provides indications that the price is heading to return to the downward corrective path again, but we note that the technical indicators provide positive signals that may contribute to pushing the price to recover from... new.
Therefore, the conflict between technical factors makes us remain neutral until we get a clearer signal for the next trend, noting that stability below the support level 87.72 will put pressure on the price to conduct a new downward correction whose main targets start at 86.34 and 84.81, while breaching the resistance 88.30 represents the key to recovery. The main bullish trend is heading towards visiting 89.54 and then 91.53 levels as next positive stations.
The expected trading range for today is between support 86.34 and resistance 88.30 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 86.34 , 84.81
resistance line : 87.72 , 88.31
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
USOIL (WTI) BUYING ON DIPS HELLO TRADERS,,,
As i can see this chart of USOIL it is moving same as we had predicted in our previous analysis
Israeli & Gaza War Tensions are driving Gold and Oil prices in bullish trend and we can see a Wyckoff Pattern on the base of technical view the support is holding the price of oil and i am expecting it will boost to the upside for completing this technical pattern...
History will repeat, like the 1973-1974 war, where all the Arab countries stopped the supply of OIL. Can we see the same thing in 2023-2024 as war is at its peak? If the same happens, the OIL price will shoot to 120-130 barrels directly .
this is just an trade idea with Technically + Fundamentally view Kindly share Ur thoughts on US OIL so it will help alote traders community we appreciate Ur love and support
Stay tuned for more updates
OIL BULLISH TREND STILL ON !!hello friends as i can see oil has filled the last week market opening gaps and continues to up trend Israeli & palatine war had changed the USOIL moves so fundamentally + technically chart is show us more upside moves till the drawn levels
please share ur ideas and thoughts about usoil
stay tuned for more updates
US Oil SPOT | Perspective for the new week | Follow-upThe week concluded with crude prices surging by a staggering 7%, leaving investors on edge as the Middle East crisis intensified. Israel's announcement of a ground assault on Gaza propelled the region into a new phase of heightened tensions, further fueling market uncertainty. As we look ahead to the coming week, two pivotal factors will shape the direction of oil markets. Firstly, the extent to which the conflict in the Middle East escalates and its potential impact on oil supplies in the world's leading oil-producing region. Secondly, all eyes will be on the eagerly awaited weekly update on US crude stockpiles, set to be released on Wednesday.
Notably, last week witnessed a significant surge in crude stocks, with exports experiencing a sharp decline of nearly 2 million barrels, bringing the daily average to 3.067 million barrels compared to the previous week's 4.956 million barrels. These developments set the stage for a captivating week ahead, filled with anticipation and potential market shifts. Let's explore what lies in store for us in the upcoming week.
US Oil Technical Analysis:
In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead.
Join us as we delve into a comprehensive technical analysis of the US oil market, exploring trends, key levels, and chart patterns that hold the key to unlocking profitable opportunities. Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis.
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.
Crude Oil: Planning Strategies Today
Through the analysis of the hourly chart of crude oil, we know that the market rose first and then fell yesterday, forming a shock upward breakthrough trend yesterday. By comparing with the previous period, we already said last week that we expected to form a bullish trend. When the high level fell in the early period, all the moving averages began to turn around. The downward movement forms a turning point from bull to bear. From the formation of a wave of decline, all the moving averages have formed a bull trend. All the moving averages below are supports, and the MACD below has always been running above the zero axis. The market is very likely to make further upward breakthroughs. In terms of operation, we continue to think high and low and focus on going long on dips and shorts. The specific suggestions are as follows:
Crude oil 90 and 91.50 are long respectively.
Crude oil is short at 95.0 and 95.6 respectively.
US C rude Oil 4H : 86.34 supported to rise upUSOIL
New forecast
The price perfectly fulfills my last idea and we profit about + 130 pip .
The price of oil was unable to return to the main ascending channel, as it found strong resistance near the 88.31 level, which forced the price to rebound and correct downwards to move towards resuming the bearish corrective trend again.
From here, the upward bias will be likely for today, provided that consolidation above 86.34 is important for the continuation of the expected rise and reaching 87.72 and 88.31, as a breach and stability below 86.34 will lead the price to attempt losses again and head to visit the 84.81 level initially.
The expected trading range for today is between support 86.34 and resistance 88.31 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 86.34 , 84.81
resistance line : 87.72 , 88.31
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
US Crude Oil 4H: try to retest and then rise upUSOIL
New forecast
The price perfectly fulfills my last idea and price reached to our first target + 40 pip and still running .
The price of oil continued to rise, approaching our suggested positive target at 87.72, . We expect the price to push the price to exceed the 88.31 level and achieve additional positive targets up to 89.52, in addition to returning the price to the ascending channel again. , heading towards resuming the main upward trend but to confirm the bullish trend should price stable above 88.31 and then our targets will be activate .
From here, the upward trend will remain likely for the coming period, supported by a move above the moving average 50, keeping in mind that below 88.31 will make a price to formed a correction to 86.34 and then rise up and if success to stable under 86.34 levels will halt the expected rise and put pressure
The expected trading range for today is between support 86.34 and resistance 88.31 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 86.34 , 84.81
resistance line : 87.72 , 88.31
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
The Unexpected Rise: How Potential USA Sanctions Drive Oil PriceAs I'm sure you are aware, recent developments have led to a rise in oil prices by a staggering $2. The main contributing factors to this increase are the potential imposition of sanctions by the USA and a significant tightening in global supply. This optimistic trend presents a golden opportunity for those looking to make a successful long play in the oil market!
Now, this is where your expertise comes into play, dear traders. With all the indicators pointing towards a promising future for oil, I encourage you to consider long positions in your investment strategy. By taking advantage of this upward momentum, you have the chance to capitalize on potentially lucrative gains. So, without further ado, I urge you to kick-start your trading journey, ride the wave of rising prices, and seize this golden opportunity before it passes you by.
USOIL:Downtrend
Yesterday I bought near 85.2 and finally stopped at 84.8 because I thought there would be some room for a rebound from a rapid decline.
Yesterday I judged that there will be a lot of room for decline if it falls below the important position of 84, but every time it falls, there will be certain repeated shocks, so after rising above 83, I chose to buy. Today, let me recover yesterday's loss.
But now oil is already in a downward trend, so now you can choose to sell at a high level, then the chance of success will increase.
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US Crude Oil 4H : Uptrend above 86.34USOIL
New forecasts
The price perfectly fulfills my last idea and price reached to our target + 100 pip .
The price of oil rose strongly to breach the 84.81 level and stop the bearish corrective scenario, heading towards recovery and achieving expected gains during the coming period, as positive targets begin to test the 87.72 level.
Therefore, the upward bias will be likely for today but to confirm that should stable above 86.34 and then will support the price, and we note that the price is forming a positive pattern that supports the chances of exceeding the mentioned target and achieving further rise in the immediate and short term and heading towards 87.72 and 89.52, taking into account that breaking 84.81 will stop the positive scenario and put pressure on the price to decline again.
The expected trading range for today is between support 84.81 and resistance 87.72 until breaching one of them .
Additionally ,Today News will affect the market .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 84.81 , 83.24
resistance line : 86.34 , 87.72
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
USOIL Technical Analysis and Trade Idea (applies to WTI Brent)This video provides an in-depth analysis of USOIL (WTI Brent also applicable). On the weekly chart, we observe a bullish trend that has undergone a significant correction to key support levels. The weekly chart indicates that the overall bias is still bullish, but the daily chart shows a bearish market structure break. A bearish trend has not fully established yet, as the price action is forming a triangle pattern on the daily chart evidenced by lower highs and higher lows. A further downward movement that breaks the current support level would signal a possible bearish continuation scenario. This video is for educational purposes only and does not constitute financial advice.
Profiting from Oil Price Drops
Recent events have led to a significant drop in oil prices, primarily due to the phenomenon known as "demand destruction." I believe this presents an opportune moment for traders like yourself to consider shorting oil and potentially reap substantial gains.
Considering the conservative nature of your trading approach, shorting oil could be a prudent strategy to capitalize on this situation. By short selling oil, you can aim to profit from the further decline in oil prices. This approach aligns with a conservative trading philosophy, as it allows you to take advantage of the current market conditions while minimizing potential risks.
To maximize your potential gains, I recommend conducting thorough research and analysis before executing any trades. Keep a close eye on global economic indicators, such as GDP growth forecasts, industrial production figures, and travel restrictions. Additionally, monitor geopolitical developments, as they often have a direct impact on oil prices. By staying informed and vigilant, you can make well-informed decisions that align with your trading strategy.
I understand that shorting oil may not be suitable for everyone, and each trader has their own risk tolerance and investment goals. However, I believe that the present circumstances present a compelling opportunity for those who are willing to take a calculated risk.
In conclusion, the recent oil price drops resulting from demand destruction offer a promising chance to profit from shorting oil. As a conservative trader, this strategy allows you to capitalize on the current market conditions while adhering to your risk management principles. Remember to conduct thorough research, stay informed, and make well-informed decisions aligned with your trading strategy.
Should you have any questions or require further assistance, please do not hesitate to comment below. Wishing you success in your trading endeavors
US Crude OIL 4H :Oil price shows weak tradingUSOIL
New forecast
The price of oil has been fluctuating around the 86.50 level since yesterday, and is under continuous negative pressure to support the chances of continuing the expected downward trend for the coming period, whose next target is at 84.81.
From here, we continue to favor the downward trend in the immediate term, and breaking the target level will extend the downward corrective wave to reach 83.24 and 82.00, while the expected decline will remain in place unless the 87.72 level is breached and holds above it.
The expected trading range for today is between support 84.81 and resistance 86.56 until breaching one of them .
Additionally ,Today News will affect the market .
support line : 84.81 , 83.24
resistance line : 86.56 , 87.72
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Trading advisory: Pause trading due to oil price target of 87.16I wanted to provide you with the latest update regarding the oil market and its recent volatility that demands immediate attention. After careful analysis, our experts have projected a significant revision in the oil price target, with the new estimated threshold being $87.16 per barrel.
Given the sudden change in the market, I strongly urge you to exercise caution and consider adopting a temporary pause on oil trading activities until further notice. This move will allow for a more prudent approach in dealing with the uncertainties surrounding the current market conditions.
Our decision to recommend this temporary halt is rooted in the desire to mitigate potential risks that may arise due to the oil price's downward trajectory. By taking a pause in oil trading, you can protect your investments and reassess your strategy in light of the evolving market dynamics. Remember, it is crucial to prioritize the long-term stability and profitability of your investments over short-term gains.
In summary, I strongly advise you to pause your oil trading activities and analyze the market situation closely before making any new decisions. Your diligence and careful consideration at this critical juncture will go a long way in safeguarding your investments and optimizing your future trading success.
Thank you for your prompt attention to this matter. We appreciate your understanding and willingness to adapt to the evolving market conditions. Together, we can weather this storm and emerge stronger.
Oil Spikes 5% Following Hamas Attack in Israel Following a recent attack by Hamas in Israel, oil prices have surged by 5%, and it is crucial for us to closely monitor this situation.
The attack in Israel has heightened geopolitical tensions in the region, which historically have directly influenced oil prices. As traders, it is essential for us to exercise caution and remain vigilant during times of increased volatility. The recent spike in oil prices serves as a stark reminder of the potential risks and opportunities that can arise in the energy markets.
Given the current circumstances, I strongly encourage you to closely watch the oil market and closely monitor any further developments in the region. It is essential to stay informed and be prepared to act swiftly if necessary. As we have seen in the past, geopolitical events can have a lasting impact on oil prices, and it is crucial to be proactive in managing our positions.
In light of this situation, I suggest the following actions:
1. Stay informed: Keep yourself updated on the latest news and developments in the Middle East, particularly regarding the Israel-Hamas conflict. Reliable news sources and market analysis can provide valuable insights into potential market movements.
2. Monitor oil prices: Regularly track the price of oil and observe any significant fluctuations. Pay attention to key support and resistance levels, as they can help inform your trading decisions.
3. Diversify your portfolio: Consider diversifying your trading portfolio to mitigate potential risks associated with geopolitical events. A well-diversified portfolio can help protect against unexpected market movements.
4. Implement risk management strategies: Review and reassess your risk management strategies to ensure they are robust and aligned with your trading goals. Set appropriate stop-loss orders and consider using trailing stops to protect your positions.
Remember, caution is key during times of heightened volatility. While the situation may evolve rapidly, it is essential to approach trading with a level-headed mindset and avoid making impulsive decisions based on emotions.
USOILA new round of military conflict broke out between Israel and Palestine last weekend, an incident that had a major impact on financial markets on Monday. International oil prices soared more than 4% after the opening, and the key to the market is whether the conflict is under control or spreads to other regions, especially Saudi Arabia. At least at the beginning, the market seems to think that this situation will be limited in scope, duration and oil price impact. , but volatility is expected to be higher.
USOIL - Bullish price action ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: As we can see here we are in a bullish market structure from daily perspective, so price filled the imbalances and then rejected strongly upside. Expect bullish continuation here.
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USOIL's trend remains rising.If the United States tightens sanctions on Iran, analysts at Commonwealth Bank of Australia (CBA) estimate that about 0.5-1.0% of global oil supply may be affected, which would push Brent crude oil prices above $100 per barrel.
A further risk is whether Iran will try to disrupt oil shipments through the Strait of Hormuz, through which 15-20% of the world's oil supplies pass.
The continued rise in oil prices will have a negative impact on inflation, but it will also impose a burden on consumers, so the impact on interest rates is not direct.
Oil Experiences Worst Declining Week Since March Last week, oil prices suffered a significant decline, marking the worst week since March. This alarming development demands immediate attention, and I strongly urge you to consider taking advantage of this unprecedented opportunity to short oil.
The oil industry, which has been grappling with numerous challenges throughout this year, is now facing a new wave of uncertainty. The recent decline in oil prices has sent shockwaves through the market, raising concerns about the stability and future prospects of this crucial commodity. As traders, it is our responsibility to stay ahead of the curve and capitalize on these fluctuations.
By shorting oil, we can potentially profit from the ongoing downtrend and mitigate the risks associated with the volatile nature of this market. This strategy allows us to sell oil contracts at current prices, with the intention of repurchasing them at a lower price in the future. However, timing is of the essence, as the window of opportunity may be limited.
It is important to acknowledge that the current decline in oil prices is not without its reasons. Factors such as weakening global demand, oversupply concerns, and geopolitical tensions have contributed to this downward spiral. The ongoing COVID-19 pandemic, geopolitical conflicts, and the transition towards renewable energy sources further compound the challenges faced by the oil industry.
Considering the gravity of the situation, it is crucial that we act swiftly. I encourage you to conduct thorough research, analyze market trends, and consult with your trusted advisors to determine the best course of action. While shorting oil presents an opportunity, it is essential to weigh the risks and rewards based on your individual risk appetite and trading strategy.
To seize this opportunity, I recommend closely monitoring the oil market, staying updated on the latest news, and utilizing technical analysis tools to identify potential entry and exit points. Additionally, it is prudent to set clear profit targets and implement risk management measures to protect your investments.
Remember, as traders, we are constantly navigating through uncertain waters, seeking opportunities amidst volatility. The current decline in oil prices presents a unique chance to capitalize on the market's downward momentum. However, I urge you to exercise caution, conduct thorough research, and make informed decisions.
Please feel free to comment below if you have any questions or require further assistance. Let us seize this moment and make the most of this unprecedented opportunity to short oil.