USOIL:Trading strategy
International oil prices have risen continuously, from 67 in June to the current 83, a full 22% increase in more than a month, which has also caused a significant increase in international energy costs.Domestic oil prices have been raised many times in a row.
However, this year's high is around 83.5. In the past more than a year, it has failed to break through six consecutive upward surges. This time, it is difficult to say that it will rise directly.Therefore, after oil prices have reached a high level, the shock has begun to intensify, and it is obvious that the previous long funds have begun to retreat.
Usoil Today's trade building:
Usoil:sell84-84.3 TP:83.7-83.2
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Crude Oil Price Analysis
Looking at crude oil on the daily line, the Bollinger Bands continue to open upwards, and the trend of bullish prices has not reversed. Crude oil can only rise after falling. The lower support is still strong. Below, focus on the first-line 82 support of the Brin middle rail. I think that when the price reaches 82, the price of crude oil will still rise to a certain extent. 83.3 can be seen in the short-term
trading signal:
buy81.7-82 tp 82.5-83
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USOIL:Trading strategy
Oil failed to continue the previous long trend on Monday, and the market fell into a stage of consolidation.
Yesterday was consistent with the trend I expected, but the rebound was not strong. Today, it has fallen below yesterday's 81.6 support, so it is now in the adjustment stage. The current support is 80.8. If it falls below 80.8 today and tomorrow, then it can be judged that the long-term upward trend has officially entered the adjustment stage.
Usoil Today's trade building:
Usoil:buy80.8-81.3 TP:81.8-82.3
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crude oil analysis
Oil prices were lower on Monday after six straight weeks of gains, with WTI closing at $82.45. Pumping through a section of the Druzhba pipeline in central Poland was suspended after a leak on Saturday, though a pipeline carrying oil to Europe is expected to resume on Tuesday, alleviating concerns about tight supplies. So I analyze that oil prices will rise slightly today.
Trading Signals:
usoil:buy 81.6-81.9 tp 82.4-82.7
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USOIL:Trading strategy
The oil as a whole is still a wide range of oscillations.
Last week's rise was also caused by the measures taken by Saudi Arabia and Russia on the supply side to maintain tight supply in September and possibly even longer, and OPEC+ ministers met during the day to assess the state of the oil market or provide positive information, so in the short term, this situation of tight supply and demand growth will lead to crude oil prices. There will be no room for a big decline. Figure out the most basic factors that affect the price trend of crude oil in order to better grasp the price trend.
So this week, we are trading according to market conditions.
Usoil Today's trade building:
Usoil:buy81.6-82.1 TP:82.6-83.3
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Crude oil: high correction consolidation, short-term continued b
Crude oil prices retreated slightly. On the one hand, the suspended Druzhba oil pipeline in central Poland is expected to ease supply constraints; However, OPEC+'s production cuts continue to support the rise in crude oil prices. At the same time, the overall sentiment in the crude oil market is bullish, and there is potential for further rises after a slight retracement and stabilization of prices.
The overall upward trend is volatile. It is normal for the market to have a callback during the rising market. In the short-term, it is expected that there will be a wave of callback first, but the callback will not be too strong. Wait for the price to stabilize after the callback can be placed. The 4-hour belt closed and went flat, and the price formed a sideways oscillating trend at a high level, and the retracement was also held above the support of the middle rail. In the short term, continue to pay attention to the support of this position, which is the 81.3-81.5 area. If you hold this position, the price will be The possibility of breaking out of new highs again.
Operation strategy: call back the 80.9-81.1 area to do more, and target 82.9-83.5 to be empty
Crude oil analysis next week
The daily line has regained most of the losses, and the market is still in a bullish trend and is currently in a strong state. Whether there will be large fluctuations in the adjustment here. Crude oil pressure 83.3, support 81.5.
Crude oil operation is recommended to buy at 81.5 first-line, with a target of 82.2~82.7. If it breaks above, continue to look at 83.5.
usoil:buy81-81.5
tp82.2-82.7
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Crude Oil: Crude Oil Trading Strategies
Through the analysis of the weekly chart of crude oil, we know that the last one continued to rise, and it has reached a certain degree of suppression near the previous high point, and the pressure of the important moving average above (83.30). It can be clearly seen from the figure that the funds that reached the bottom area in the early stage are still running in a strong area, and the support of the important moving average below is relatively strong. It has not been broken for several times in a row, and there are funds intervening at the bottom for many times, which has led to a continuous rebound in the past 6 weeks. The short-term bottom The support of 82.0 and 81.30 is relatively strong. In the short term, we will continue to operate at high altitudes and low multiples, focusing on doing long on dips. The specific suggestions are as follows:
Crude oil 81.30 and 82.0 are long respectively,
Crude oil 83.50 and 85.90 are shorted respectively
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Crude oil: Crude oil unexpectedly fell, but there is still a new
From the online point of view, there are signs of closure. The price has retreated sharply after encountering resistance near the upper rail. At present, it can only be regarded as an adjustment during the previous rise. The price will not just go down directly. It is expected that the short-term will be around 80 The dollar is consolidating around. With an opening in 4 hours, a big negative line directly fell below the first-line support of the middle rail, and it is currently stabilizing near the lower rail. The short-term price may test the low point of last night again. It is necessary to pay attention to the support at this position. If it can hold, then the short-term The price will have a chance to rebound again. The operation idea is to look at a wave of rebound after the price retraces and stabilizes.
Operation strategy: call back the 78.3-79 area to do long, stop loss at 79.6, and target 81 to short
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Exciting Opportunity: Dive into Today's Oil Price Dip! Before we dive into the details, let me shed some light on the recent price trend that led us to this thrilling moment. Over the past few weeks, we've witnessed a remarkable surge in oil prices due to hedge fund short coverage. This upward momentum has created a buzz among traders, and rightly so. But today, my friends, we have a unique chance to ride the wave in the opposite direction.
With oil prices decreasing today, it's time to seize the moment and make the most of this incredible buying opportunity. The recent fluctuations have set the stage for potential gains, and it's up to us to jump in and make the most of it!
Here's your call to action: Consider adding to your portfolio by buying into the dip in oil prices today. This drop provides a fantastic entry point for those who missed out on the previous rally or those looking to maximize their profits further. By taking advantage of this dip, you position yourself strategically to reap the benefits when the market inevitably rebounds.
Remember, successful trading often involves identifying opportunities and acting swiftly. Today's oil price dip represents precisely that - a golden opportunity that shouldn't be missed. So, gear up, get excited, and make the most of this thrilling moment together!
If you have questions or need assistance executing your trades, please don't comment away.
India's Oil Imports From Russia Decline Further - Monitor ImpacOver the past few months, India, one of the largest importers of Russian crude oil, has been scaling back its purchases from Russia. This decline, which predates the recent geopolitical tensions, is expected to intensify due to the Indian government's decision to impose certain restrictions on imports from Russia. Such a move will likely disrupt the global oil market dynamics, potentially leading to a surge in oil prices shortly.
As traders, we must stay well-informed and agile in our decision-making process. The impact of reduced oil imports from Russia by India cannot be underestimated, as it not only affects the supply-demand balance but also has the potential to create a ripple effect across various sectors. Therefore, I strongly encourage you to closely monitor the developments surrounding India's oil imports and their subsequent impact on oil prices.
To help you stay ahead of the curve, I recommend keeping a close eye on crucial industry news sources, monitoring the official statements from the Indian government, and analyzing market trends. By doing so, we can better assess the potential consequences on oil prices and position ourselves advantageously to capitalize on any market fluctuations.
In conclusion, the decline in India's oil imports from Russia is a significant development that demands our immediate attention. Let us remain vigilant and proactive in our approach, ensuring that we are well-prepared to navigate any potential challenges that may arise from this situation.
Crude Oil: Unchanged
Crude oil prices continued to fall at the opening, and basically returned to the support level around 80.9 as expected to stabilize. Multiple orders have entered the market. Friends who have followed the article's ideas and operations are already making profits. The short-term goal is to look at the high point around 81.7. The price will break through. Continue to look at target 82.6.
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Crude oil: we continue to pay attention to 80
The short-term goal of crude oil price is to stand above the 80 mark, and the price reached the target as scheduled last week. But even if it reaches 80, at present, the crude oil price does not show a short-selling signal
Seen from the daily line, the market continued to open, and the price maintained a fluctuating upward trend along the upward channel. Although there was a process of callback and rest in the middle, the overall callback range was not very large. Basically, they stepped out of new highs and stepped back to confirm the rise again, so it was big The direction is still dominated by callbacks. In 4 hours, the price encountered resistance near the upper rail and retreated. The price basically moved between the upper rail and the middle rail. The lower middle rail 80 area is supported.
Pay more attention to above 80
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US Oil / WTI Analysis 30July2023Following last week's analysis, still in accordance with the price movement for next week. US Oil still looks very bullish with a tilt trend close to 45 degrees and at the closure of the week with full bullish candle shows the support of the buyer is still very strong. The closest target is currently in the price range of 83-84 which at that price is in contact with 2 areas of Fibo Extensions (Fibo Cluster)
The Impact of a Deluge of US Crude on the World's Key Oil Price
Over the past few years, the United States has experienced an unprecedented surge in crude oil production. This surge has turned the country into a significant player in the global oil market, creating a deluge of US crude that has profoundly impacted the world's key oil prices.
Traditionally, the world's key oil price was heavily influenced by the production decisions of OPEC and Russia, as they held significant control over global supply. However, the surge in US crude production has disrupted this status quo, introducing a new player with substantial production capabilities.
The influx of US crude has created a more competitive market, increasing supply and driving down the world's key oil price. This development has been welcomed by consumers globally, as it has translated into lower fuel costs and reduced inflationary pressures. However, it has also presented challenges for oil-producing nations heavily reliant on oil revenues to sustain their economies.
While this deluge of US crude has brought about positive outcomes regarding affordability and accessibility, it is crucial to consider the long-term effects on oil price stability. As traders, we are responsible for assessing the situation and engaging in proactive discussions to ensure a balanced and sustainable market.
Therefore, I invite you to join me in contemplating the following question: Could the ascent of oil prices slow down to a more stable pace? By encouraging thoughtful dialogue and sharing insights, we can collectively work toward a solution that benefits all stakeholders in the oil market.
I urge you to share your thoughts, ideas, and concerns regarding the current state of the global oil market. Let us foster an environment of open exchange where we can explore potential strategies to mitigate excessive volatility and promote a more balanced oil price trajectory.
Together, we can make a difference in shaping the oil market's future and ensure its stability for years to come. Please feel free to comment with your valuable insights.
Crude oil: test the 80 level again
It seems that the given 79 first-line long order has successfully reached the target position. Although the price fell back after a short-term surge, it does not mean that this wave of bulls is over. The U.S. economy performed strongly in the second quarter, and the economic growth outlook is bullish again. Coupled with optimistic demand expectations, crude oil prices may continue to maintain a strong trend in the short term. However, it should be noted that the recent extreme weather in the U.S. will limit the increase .
From a morphological point of view, the short-term price will form a oscillating trend around 80. In the short-term, we need to pay attention to the first-line support of 78.8-79 below. The callback stabilizes, and more orders can enter the market.
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Exciting Oil Price Breakthrough and a Lucrative OpportunityBrace yourself because we have witnessed a remarkable event - the oil price has broken through the MA 200 threshold for the first time this year. Isn't that incredible?
This significant breakthrough is a promising sign for all oil enthusiasts and traders like yourself. It indicates a potential upward trend and opens up a world of profitable opportunities. However, as we celebrate this achievement, it's crucial to consider the potential impact of the impending Fed rate hike on this market.
While the current market conditions seem favorable, we must remain vigilant and adapt accordingly. The Federal Reserve's decision to increase interest rates can introduce some volatility in the market, which might influence oil prices. Experienced traders understand that careful analysis and strategic planning are essential to navigate such situations successfully.
Here's the exciting part: I encourage you to seize this moment and log into oil trading! With the oil price breaking through the MA 200, there is a golden opportunity to capitalize on this upward momentum. You can reap substantial profits by leveraging your expertise and our robust trading platform.
Don't let this chance slip away! Our team of experts is here to support you every step of the way. We provide real-time market insights, comprehensive analysis, and cutting-edge tools to help you make informed decisions and maximize your trading potential.
So, what are you waiting for? Let's dive into the oil market together and make the most of this breakthrough. Log into your trading account now and explore the exciting possibilities that lie ahead. Remember, taking action's always better than regretting missed opportunities.
WTI OIL / US OIL AnalysisUs oil is quite interesting. The movement is now in accordance with the analysis that I gave a few weeks ago.
There are things that are repeated here, namely the price of forming a curve bullish again. The possibility is the price of bullish is quite high, if we pull the fibo extension, then the possibility of the price of pursuing fibo extensions 1. Fibo Extension 1 is more or less parallel to Fibo Extensions 1,618 from Wave 1. Could be, Wave 3 will move to the area. Take the opportunity to Long when the price is corrected.
Analysis of crude oil trading strategies
Crude oil is currently affected by the data, rebounding back down, but from the trend point of view, crude oil upward trend unchanged, the impact of data is only short-term, and crude oil has not tested a new high before, we are still in the trading operation to buy low, focus on the two positions below, 75.3 and 74.7, both of which have effective downward resistance, so we can choose to start buying at these two positions, looking forward to crude oil testing new highs upward
Crude Oil Personal Trading Strategy:
USOIL buy@74.7-75.2 tp:76-76.5
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Potential Slowdown in Oil Price Ascent: Act Now to Stay AheadAs you may have noticed, oil prices have been consolidating from $74 to $77 per barrel. While this may initially seem optimistic, it is essential to consider the broader picture.
Upon analyzing the market indicators, it has come to my attention that the slow stochastics are showing a decline in oil prices. This could potentially indicate a slowdown in the current oil price ascent. As seasoned traders, we must avoid such market shifts and make informed decisions to protect our investments.
Considering the current situation, I strongly encourage you to take action and reassess your trading strategies to adapt to the changing market conditions. Here are a few steps you can consider:
1. Review your portfolio: Take a closer look at your current oil holdings and evaluate their performance in light of the recent consolidation and declining slow stochastics. Identify any potential vulnerabilities or areas for improvement.
2. Stay informed: Keep a close eye on the latest market news, trends, and expert opinions. Stay updated with relevant economic indicators, geopolitical developments, and other factors that could impact oil prices.
3. Diversify your approach: Consider diversifying your trading approach by exploring other energy commodities or related sectors. This can help mitigate risks and provide alternative profit opportunities.
4. Seek expert advice: Consult with experienced professionals or analysts in oil trading. They can provide valuable insights and help you navigate through the uncertainties of the market.
By taking proactive measures and staying ahead of the curve, we can position ourselves to make well-informed decisions and maximize our potential gains. Remember that the oil market is dynamic, and adapting to changing circumstances is essential for long-term success.
I encourage you to act promptly and thoughtfully. Assess the situation, gather information, and make informed decisions that align with your trading objectives and risk appetite.
Latest crude oil signal analysis
Crude oil medium-term pullback sorting, after the decline began to fluctuate up, the current crude oil to around 74.8, it is expected that crude oil will return to the trading intensive area around 75.5-76.1, the lower 73.8 support is still valid, the upper focus on resistance around 76.1, trading options between 74.3-77, guaranteed to get a good profit
Crude Oil Personal Trading Strategy:
USOIL sell@74.1-74.5 tp:75.5-75.9
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