Oil is a good time to buy now
Oil is currently priced at 74.245 to buy a large amount. Make money with me. 75.5-76TP
Usoilforecast
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
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USOIL 1D CHART ANALYSISUSOIL if it breaks below then next target will be 61$ - 62$, if breaks above with retest then next target will be 98$ to 99$
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!
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.
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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
USOIL: Today's analysis
Oil prices rebounded sharply on Friday, largely erasing a nearly 4% loss from the previous session as investors wavered over whether Opec would deepen its decision to cut production. Today's strong breakthrough of the first pressure level, the follow-up focus on the breakthrough of the second pressure level!
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
Usoil:The prediction is correct
This is my forecast in the morning. Now that the oil has risen to the middle edge of the trend line, observe the resistance of 78.4.
Judging from the news, the OPEC+ meeting is discussing further production cuts, which may intensify tensions with the United States. At the same time, the market is focusing on whether Saudi Arabia and Russia will extend voluntary production cuts to 2024.Based on the comprehensive assessment of the core member states such as Saudi Arabia and Russia, based on their own interests, they are expected to do their best to maintain the stability of the crude oil market, and there is still some room for short-term prices to rebound.
I also reminded last week that oil is rebounding
From the chart, you can see that the oil has broken through the trend line, and now you need to observe the resistance above.
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BUY USOIL !!! TIME TO RETRACE hello traders as i can see its a great entry point for oil to caught some easy pips oil had created a good support zone on last daily low in shorter TF its seems more upside to test broken support zone Saudi and Russian are stick on their cut policy and war is also creating more demands
trade with ur on risk its just and trade idea if ur like our prediction we appreciate ur support it help our trader community stay tuned for more updates
US Crude OIL 4H : DESCENDING CHANNEL US Crude Oil
New forecast
The price of oil continued the upward push to reach the top of the descending channel and test the resistance of the descending channel at 77.20. We expect the price to continue to decline as long as it trades within the descending channel to visit the 74.41 level as a negative target and extend towards the 72.90 level again.
Therefore the downward scenario will be remain as long as price trade at the bearish channel and moving average 50 still support the price to decline , taking into account that stabilized above 78.83 will force the price to get out of the descending channel and will start a positive trades .
The expected trading range for today is between support 74.41 and resistance 78.83 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 74.41 , 72.90
resistance line : 78.00 , 78.83
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Usoil:Where is the bottom?
The EIA report shows that the inventory of Cushing crude oil in the key hub of the United States has increased, rising to the highest level since August last year.In addition, the monthly report of the American Petroleum Institute (API) showed that oil shipments in October increased by 4.6% year-on-year to 31 million barrels per day.Oil supply increased by 3.2% in October to 28.8 million barrels per day.Oil production increased by 6.1% in October to 13.1 million barrels per day, a record high, an increase of 53,000 barrels per day sequentially.U.S. oil companies are taking advantage of high oil prices to sell oil quickly, and they may also smell some less optimistic news in the future.
However, it should be noted that the OPEC+ meeting is about to be held on November 26th. The decline in oil prices has increased the pressure on Saudi Arabia, Russia and other OPEC+ members. They may continue to maintain their production reduction plans and even ask other countries besides Saudi Arabia and Russia to join the reduction team.
Oil is now on a downward trend, because of the rapid decline yesterday, it is now rebounding
From a technical point of view, oil prices have returned to near the low point in early July. If they fall again, it will test the low point of the year, but I think the weekly level of 67-70 is not so easy to be broken.
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📈🛢️US Oil Daily prediction 🛢️📉TVC:USOIL
FX:USOILSPOT
Before we predict the next week, let's take a look at the trend of the oil chart.
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 this uptrend fails, the price will reach lower targets below 77$.
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US Crude Oil 4H :Under sell pressureUS OIL
New forecast
Oil trading was confined to the top of the descending channel after touching the resistance of the descending channel at 78.83, to hold below the pivotal resistance of 78.00, waiting for the price to be stimulated to resume the expected downward wave in the immediate term, whose next target reaches 77.21 and 75.70.
Therefore, the downward trend scenario will remain valid and effective for the coming period, keeping in mind that breaking 78.83 and holding above it will pressure the price to the upward corrective path again.
The expected trading range for today is between support 77.21 and resistance 78.83 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 : 77.21 , 75.70
resistance line : 78.83 , 80.56
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
usoil: accurate signal
Crude oil's downtrend continues, testing support at $72. Anticipate another decline after reaching around $74. If you have long positions in crude oil, consider closing near $74 and following the trend by shorting. Personally, I expect crude oil to reach $70 in the near term before resuming an upward trend.
I provide daily analysis and strategies for gold and crude oil. Don't miss out.
Usoil:Is it back to the downtrend?
Yesterday, oil fell rapidly, broke below the five-day line, and returned to the downward trend again. From the chart, it can be seen that 75-76 has certain support.
We need to observe the support strength of the previous low of 75. If it falls below the previous low, the room for decline will be opened.
So we can short and sell along the resistance point
now you can observe the fluctuations in the range, which is 74.9-77.4
Trading needs to strictly set the stop loss, even if you are in the wrong direction, you will not lose too much.
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Usoil:Repeated shocks
Oil peaked at around 79.8 yesterday. Due to signs that tensions in the Middle East may ease and uncertainty about U.S. crude oil inventories, it fell to near 77.7 yesterday.
As can be seen from the daily line, the price has been supported and stabilized near the lower Bollinger band, and has emerged from a continuous rebound trend. Although the price fell after the increase yesterday, it did not fall below the important support position of 77.5.
So we can still choose to buy in the support range, but you need to strictly set the stop loss to prevent the oil from falling further.
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US OilPair : US Oil
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame. Completed " 1234 " Impulsive Wave at Fibonacci Level - 23.80%. Break of Structure and Retracement with Strong Divergence. Bullish Channel in STF with the Breakout of Lower Trend Line
Entry Precautions :
Wait for the Proper Rejection
Crude oil short selling is bound to win
The current MACD dead cross shrinkage is gradually consolidating, and the smart indicator STO's hook is repairing upward, which means that the daily line is a shock-biased rebound trend. However, the current candle chart is suppressed by the moving average MA10 and the parabolic turning point, which suppresses the 78.7 line. At the same time, the candle chart also deviates from the moving average MA5 near the 77 line; therefore, there is a certain degree of retracement during the day.
In 4 hours, the current macd golden cross is running with heavy volume, and the smart indicator sto has repaired upward and entered the overbought area. Therefore, in 4 hours, the current shock is strong, and in the short term, focus on the moving average MA60 suppressing the 79.3 line.
Go short around 78.6-80, stop loss 79.4, target 77.7-4
Go long at 77.4, cover long at 76.9-77, stop loss at 76.3, target 78.5-79.2-80.2
US Crude Oil 4H : Downtrend US OIL
New forecast
The price of oil rose during previous trading to approach the 78.00 level, reinforcing expectations of a continuation of the downward trend, and the way is open to achieving our negative targets that start at 75.70 and extend to 73.80.
Therefore the downtrend scenario will be remain valid and effective ,moving average 50 support the proposed downward trend scenario, which is organized within the downward channel that appears in the chart, remembering that stability below the 78.64 level is important to achieve the proposed goals. so stabilized above 78.64 will postponed the bearish attempts.
The expected trading range for today is between support 75.70 and resistance 78.64 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 75.70 , 73.80
resistance line : 77.21 , 78.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Gold crude oil operation sharing
After gold fell from 1965 to 1932, it needed a rebound with a wave structure. The target range for the rebound is the 1945-1950 area. 1950 is also the central axis position of this wave of adjustment. For today's idea, we will first rely on the 1950 position to be bearish. Below, the vicinity of 1932 and 1931 is the weekly support. This position is expected to be a game.
The support is 1932, the pressure is 1945, 1950, and the strength of the market is 1941.
Silver market analysis
Recently, silver has also entered a short position. Silver has plunged immediately. Currently, silver still has room to fall. Today’s thinking is based on the bearish trend of 22.10. Silver is currently weaker than gold, and there will be a need to make up for the decline later.
Crude oil market analysis
Crude oil cannot see a bottom signal, and the weekly line is still very short. The appearance of a cross star and a small positive line on the daily line is a sign of weakness, and it is also a signal of repair. It indicates that crude oil will need to rebound and repair later. The first pressure is to pay attention Near 77.80, go short near this position. The super pressure of this wave is near 80.00.
Operation suggestions
Gold——Short around 1950, target 1940-1931,
Silver——Short around 22.10, target 21.50-21.00
Crude oil——Short around 77.80, target 76.50-76.00
Usoil:Waiting for direction
As can be seen from the chart, oil has now shown signs of stopping falling
If oil does not fall below 74.9 today and rises again, then it can be judged that the probability of rising next week increases. This is the short-term bottom.
If it falls below 74.9, oil may continue to fall and return to the downward trend. Observe the support strength of 73.7, 73, and 72 below.
So you can choose to buy above 74.9 and observe whether you can break through the key point of 77.3.
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USOILCrude oil fell below the support of 80.00. The current crude oil market is a unilateral falling market. Do not speculate on the bottom, and do not intercept the long position. A small rebound is a small short, a big rebound is a big short. Crude oil has fallen sharply and there is no bottom. Today's crude oil can continue to be short as early as 78.00. .
