Usoil:Will it still fall?
Oil, I have been reminding that it is a downward trend. After falling below the important support of 80 yesterday, it accelerated its decline, reaching a minimum of 76.5.
Now that the trend has appeared, follow the trend and wait for the intraday rebound to sell.From a technical point of view, the unilateral suppression points of the daily line are 77.8, 78.3, 79
However, a rapid decline will definitely bring a certain rebound, so if you want to win a rebound, you can support a small amount of buying in the early stage of 76.5, because it is a downtrend, strictly set the stop loss to increase your success rate and reduce your losses.
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Usoilforecast
Crude oil latest trading strategy
Crude oil continues to sweep, and it is also a time cycle. The direction determined by the US market has the best continuity. It accelerates when it starts, and the range is around 25-30 US dollars.
The current price has formed a range similar to an open trumpet, with upper rail resistance 83.7-83.9 and lower rail support 79.0-78.8
So, for today's crude oil, we need to continue to pay attention to the opening range form and conduct sweeps. If the bottom touches the support 79.0-78.8 area, you can participate in a long order. Watch the price form a support to rise again and move around the range sweeps.
Referring to this idea, when the European market price is under pressure and falls below the low
Crude oil is long in the 79.1-78.9 area, with a stop loss of 78.4 and a target of 80.4-80.8
US Crude OIL 4H :Got a positive momentumUS Crude Oil
New forecast
The price perfectly fulfills my last idea and price reached to our first target +70 pip.
The price of oil rose and the channel resistance remained above it, showing more upward bias and heading towards achieving more expected gains during the coming sessions, waiting to test the 83.24 level initially.
Therefore, the bullish bias will be likely for today, noting that breaching level 83.24 will extend the bullish wave to reach areas of 84.86 and 85.71 as the next main stations, keeping in mind that failure to consolidate above 82.00 will put the price under negative pressure again.
The expected trading range for today is between support 82.00 and resistance 84.86until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 82.00 , 80.56
resistance line : 83.24 , 84.86
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US Crude Oil 4H : Under sell pressure USOIL
New forecast
The price of oil fell below the level of 82.00, which constitutes important support, to support the chances of exceeding the mentioned level and opening the way for an additional bearish correction whose next target reaches 80.56, and by breaking it, it will reach 78.64.
Therefore, the downward trend scenario will be remain valid we expect to witness further declines during the coming sessions supported by moving average 50 that is continues to support the price to decline ,taking into account that breaching 83.24 will stop the proposed downward trend and lead the price to attempt to restore the main upward trend again. so stabilized under 82.00 our targets will be activate .
The expected trading range for today is between support 80.56 and resistance 83.24 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 82.00 , 80.56
resistance line : 83.24 , 84.72
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Usoil:The willingness to rise is still not strong
Oil reached a minimum of 80.7. Because of the rapid decline, there will definitely be a certain rebound, so today we observe yesterday's high of 83.3 and the important boundary point of 84.
Oil has fallen due to the resistance of the lower edge of VWAP, so it can be judged that the willingness of oil to rise is still not strong.
So you can choose to be at 83.3 or more gradually sold
Arrange positions reasonably according to your funds and strictly set stop losses so that your success rate can be greatly increased
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USOil WTI Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of USOil WTI, with a specific emphasis on the prevailing bearish sentiment evident on the weekly (1W) chart. Throughout this presentation, we delve into fundamental principles of technical analysis, encompassing critical elements such as the current market trend, price dynamics, market structure, and other indispensable components of technical analysis. As we proceed within the video, we meticulously scrutinize a prospective trading opportunity.
It is imperative to emphasize that the insights shared in this content are exclusively for educational purposes and should not be interpreted as financial guidance. Engaging in the foreign exchange market trading entails a substantial degree of risk. Hence, it is essential to prudently integrate robust risk management strategies into your trading plan.
Usoil:Not strong willingness to rise
Yesterday's decline in oil broke through the low of 82, and the lowest fell to near 81.8, but it did not fall below the important early support point of 81.2.
The current price of oil is around 82.95, you now need to observe whether the oil will be supported again, or observe the important boundary point of yesterday's decline 84
So we need to wait for the right opportunity to enter the market to improve our success rate
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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.
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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