Increase oil buying efforts. Target 80.3-80.7
Buy oil at around 79.3. Ultra-short-term trading shows that there is huge support below.
Usoilidea
Sell oil. A must read if trading oil.
In terms of oil, after the news of substantial persistence came to light. Oil prices have been trending downward. This is true in the medium term and also in the short term. Currently, the top of 79 serves as a pressure position and is a good selling point. The small-level target below is around the price of 77.5.
Operations are still focused on selling.
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Usoil-analyze
Yesterday I thought oil would reach 79.5, and I thought that if oil closed at 79, the probability of rising today would be high, but the highest it could only reach 79.2.
After my analysis today, I believe that oil started to fall from 87.6, reached as low as 77, and finally fell to around 76.9, a total drop of almost 11, so I judge that oil has some room for repair.
My short term goal is 79.5-80, let's see if we can get there
Today's closing price is also very important. If it can break through 79.2 and stand firm, the probability of oil continuing to rise tomorrow will increase, and it may even reach 81. If today's closing price is below 79.2, oil may continue to fluctuate between 77-80.
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Will crude oil continue to rise?Crude Oil Technical Analysis
Daily resistance is 85.7, support below is 83.4-80
Four-hour resistance is 85.5-85.7, and support below is 83.4-82.5
Crude oil operation advice: Yesterday's volatile market ushered in a deep v bottoming and rebounded. The Asian and European market prices were under pressure and fell back to the 83.3 mark. The US market stepped down for the second time and stabilized at the 82 mark, ushering in a strong bullish bottom and a deep rebound. v rebounded, oil prices continued to rise and broke through in the early morning, standing above 83.3 and continuing to close strongly.
The overall price once again found support at the 82 mark, stabilized and rebounded. The daily level continues the recent yin and yang shock cycle operation rhythm. Today, the lower support focuses on around 82.5-82.7. The intraday retracement relies on this position to continue to be bullish at first. The upper pressure focuses on 85.5-82.7. 85.8, the European market has surged higher and is under pressure. This position can be shorted once and then fluctuated back down. The daily long-short cycle rhythm has no continuity, so we should continue to maintain the shock idea.
BUY:83.4near SL83.00
SELL: around 85.6 SL85.90
SELL:86.0near SL86.30
Technical analysis only provides trading direction!
Usoil-fall
I have always emphasized that oil will fall, and the target is 83.5-84.5. Yesterday, oil reached the lowest level near 84. Now oil has been oscillating back and forth in the 84-87 range. We can still wait for the upper edge of the range to sell.
Control your positions reasonably and wait for the right opportunity to trade
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Usoil-analysis and ideas
As can be seen from the chart, two great resistance points formed near 87.6, which can mean that the short-term top of oil is slowly beginning to form. The previous idea was to call back to around 83.5, or even reach 80-82. The short-term decline was too fast, so I I think there will be a certain rebound, reaching 83-83.5, and then continuing to fall.
The current trend has verified my last idea. This is the latest idea for your reference. Join me and make money with me.
Usoil-Analysis and Forecasting
After oil breaks through 80, my target is 85. Now the upward momentum is still strong, so you can wait for the support point to buy. The lowest support point on Tuesday was 84, yesterday the support point was around 84.2, and the important support point was around 83.5.
But this month I think oil may start to adjust around 87. It is expected to be in the 86.4-86.7 range, and may adjust to the important support point 83.5, or even reach the 80-82 range.
Join me and I will continue to analyze the next trend
Crude oil continues to be bullish, focus on 87.7 resistance leveCrude oil analysis
Daily resistance is 87.7, support below is 83.4
Four-hour resistance is 87.7, support below is 86.3
Crude oil operation advice: Today, focus on the strong pressure above 87.7 from the four-hour and daily levels, and the support below is around 86 and 83.4. When crude oil falls to 86 and 84 and is blocked, you can participate in the long position.
BUY:86~86.3
BUY:84.0~84.5
SELL:87.3~87.7
Technical analysis only provides trading direction!
USOIL:Long first, then short
USOIL:
Small-level indicators are beneficial to bulls, with resistance around 85.8-86.5. Trading is long first and then short, and the short target is 84.8-84.
If the bulls are strong and break through 86.2-86.5, the top range of 86.9-87.5 will be considered.
Usoil-Analysis and Trading Strategies
Israel has withdrawn more troops from southern Gaza and pledged new talks with Hamas on a possible ceasefire, easing concerns about the risk of further escalation in the conflict and disruption to Middle East crude supplies.
The current oil 4H and 1H charts show that the possibility of oil falling is very high, and it has been in the 87-87.5 range without breaking through. Today, the support of oil is still around 84.5. Only if it falls below this support point, will there be any A wider range of decline
If it falls below 84.5 today, you can choose to buy in batches in the 83.6-83.3 range, SL: 82.8
If it continues to rise today and breaks through 87.5, you can sell in batches at 87.8-88.2, SL: 88.8
The above trading strategies are for your reference. The market changes rapidly. I will send the specific trading strategies to my VIP customers. I hope everyone will make a profit today.
The above strategies are for your reference. Join me and I will analyze how to trade every day.
USOIL: SELL @ 86.3-86.8
Yesterday, EIA was good for shorts. The market rebounded quickly after falling. It is now near the resistance level (86.3-86.8). The indicators show that shorts have the advantage, so the transaction can be sold in the resistance range first. The support is 85.6-85.2, which can be used as the TP level.
If it falls below the support, look at the 84.4-83.3 range below.
Pay attention to the rebound after falling below the support, and focus on the vicinity of 85.8.
If there is no breakthrough, you can sell a second time.
Then continue to pay attention to the support range. If the support is valid, close the short position and go long.
If the support falls below, 84.8-84.4 can be used as the TP target.
USOIL: Take profit on buy orders
In the plan given yesterday, we bought 2lots near 85.6, made a profit of 50 points and continued to hold it to TP position, making a total profit of 160 points. Congratulations to the friends who followed!
Trading is how to protect profits and reduce losses of the game, need to follow the friends can join my channel!
USOIL: Crude oil operation strategy
Crude oil is likely to continue to rise next week, but there are still short opportunities, the operation plan has been given in the chart, this week to participate in crude oil orders are very few, the main reason is to focus all on gold, there is a good opportunity to enter the channel next week will prompt everyone!
"Is the US Oil Market on the Brink of a Transformation?” 🛢️📈Ahoy, fellow trader! 🌟 Let's set sail on the high seas of oil trading, where the winds of fortune blow and the waves of volatility crash. 🛢️
**USOIL** (that's WTI Crude Oil for landlubbers) is currently dancing around the **$83** mark like a tipsy sailor at a tavern. 🕺 The resistance levels are like stubborn portcullises guarding the treasure chest: **$83** and **$83.50**. Will our brave oil buccaneers breach these walls and plunder the riches beyond? 🏴☠️
But wait, there's more! 📜 The support levels are our sturdy lifeboats: **$80.30** and **$80.00**. If the ship starts taking on water, these levels might keep us afloat. 🚢
Why is oil suddenly hotter than a dragon's breath? 🐉 Well, the Federal Reserve might just cut interest rates, making the dollar less attractive than a soggy biscuit. Investors, like magpies drawn to shiny things, are eyeing oil hungrily. 🤑
Usoil-Reasonable decline
If oil is above 80, it is still an upward trend. The lowest oil price yesterday was around 80.8, and the current range is about 80-83.5
Published API data showed that U.S. crude oil inventories fell by 1.52 million barrels in the past week, slightly higher than market expectations. Separately, the American Petroleum Institute reported that Cushing crude oil inventories increased by 325 million barrels. In terms of refined oil products, gasoline inventories decreased by 1.57 million barrels, while distillate inventories increased by 0.5 million barrels.
You can still buy near the support point and control your position reasonably
Following my strategy, your success rate will be greatly increased and trading will be simpler
USOil (WTI) Trade IdeaUSOil exhibits a break of market structure on the 4-hour timeframe. We anticipate a retracement towards the 61.8% Fibonacci level, presenting a potential long entry opportunity. Set stop losses below the previous swing low and target the previous high.
USOIL:Support at 80.2, resistance at 81.3
Let’s first look at the support in the 80.5-80.2 range. If the support is valid, go long. The indicators are now more favorable to shorts, with resistance around 81.3.
If it falls below 80.2, there will be a small rebound, but 80.5-80.8 will become strong resistance, so the risk of shorting is smaller and the profit opportunity is greater.
USOil WTI Technical Analysis and Trade IdeaI posted a trade idea a few moments ago, this is the video explaining my idea. There are important points in the video that are noteworthy.
USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced, and a bearish reversal could occur at any time. Trade cautiously, prioritize risk management, and remember – this is not financial advice.
USOIL Trade IdeaUSOIL is trending up on the 4H time frame, we are looking for an entry point at the 61.8% retracement level with targets being the current price swing high and a 50% measured move. SL below the previous swing low.
Usoil-trend analysis
Oil has currently fallen below the 77 support. It is currently undergoing a short-term correction. The previous support point has turned into a resistance point. The resistance range is 78-78.3. Currently, oil is still oscillating in the 77-78 range.
So now we change our previous thinking. If you reach the resistance range, you can choose to sell
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Crude oil operation suggestions for next Monday
For crude oil on Monday, focus on the first-line support of 77.0 at the bottom and the first-line resistance of 80.5 at the top. At the same time, pay attention to the upper and lower breakthroughs before making changes.
Crude oil operation suggestions:
1. Go short after rebounding near 80.5, stop loss 0.6 US dollars, target around 78.5-77.0;
2. Retrace to go long near 77.0, stop loss 0.6 US dollars, target around 78.0-79.0
Usoil-Strategy
Recently, the direction of oil is still to wait for the support level to buy. The current large range is 77.5-81, and the small range is 78.5-80.4.
You can wait for the support point to buy, or you can choose to sell at the upper edge of the range.
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USOIL H1 / Long Trade Execution Idea 💡💲Hello Traders!
This is my idea related to USOIL H1. I expect the price to go bullish as it reacted perfectly from the OB level and also the support area. I expect the following scenario, the price will retrace again in the OB area and after that, I expect it to rise until the price of 79.45.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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