US OIL / WTI Analysis 14Sep2023US Oil has a very strong bullish, by always forming new high. If at the end of this clock, a bullish candle is formed which is quite thick, it is likely that the price will continue to the right price of 91 in the Fibo extension area of 0.786 and contact with the channel line. We see again how the market reaction in the price area.
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US OIL / WTI Analysis 10Sep2023The movement of US oil has been very bullish in recent months, it seems to be seen to be peak for a few moments ahead. If you look at the Elliot Wave series that occurs, Wave 5 is likely to end. If you want to Short, it's better to wait for prices to fall to the reversal and retrace areas.
Crude oil: exceeded my expectations and keeps rising
Crude oil bulls continue to take the initiative in the market and pulled up again yesterday. It is now close to the previous secondary high of 85.5. This is not the ultimate goal of the bulls, but the only thing that needs to be considered is that there may be an adjustment within the day and then rise. In the short term The node still looks at the previous high of 87 as the target.
According to the deduction of the wave trading system, the main reason why crude oil is expected to rise is that: the overall rising rhythm of waves 3 and 5 has gradually changed from the initial shock upward to a unilateral rise, and the performance of bulls has become more and more obvious. Crude oil pressure 85~85.3,
For crude oil operations, it is recommended to buy at 84.5, with a target of 84.0~84.50. (The point may be revised as the market changes during the day, subject to real-time strategy)
USOIL:Trading strategy
Oil has now reached the short-term resistance point.
But today we need to pay attention to whether we can break through the previous high.
Usoil Today's trade building:
Usoil:sell84.75-85.25 TP:84.1-83.7
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USOIL: Oil today analysis
Crude oil technical analysis: crude oil yesterday cross small Yin K line closed flat, the space is not much, maintain in the last week's range of oscillating operation, currently continue to be in the short-term direction of choice, is poised to break the low point further fall, or start a steady recovery to recover lost ground, short-term in the shock of the momentum, the rhythm is slow. The Japanese K line entity is small and has no practical reference significance, waiting for the entity K line to break the current deadlock.
4 hours Tubrin road began to close, the short-term temporary saw back and forth between the upper and lower rail, the current upper and lower rail there is a certain range, the support of the lower rail is still at the low point 77.70-78.30. The upswing was near yesterday's high. At present, in the contraction shock, the short-term unilateral quantity is insufficient, and it will be maintained in the interval, and the operation is mainly to deal with the ultra-short line. In summary, crude oil today's short-term operation, above the short-term focus on the resistance of 80.6-81, strong support of 81.3-81.5, below the short-term focus on 79.0-78.5 support
Crude oil: There is still room for today's strategy to rise
In the U.S. market, WTI crude oil rose and closed down, once rising to $80.7/barrel, but failed to hold the $80 mark, closing down 0.03%, at $79.94/barrel, due to the threat of tropical storms in the U.S. Gulf crude oil production and news that Saudi Arabia may extend the production cut time and other benefits and rise, but the Fed's further interest rate hike worries limit oil prices,
Therefore, oil prices continued to run on the strong side at the beginning of the session. Overall, the probability of the Fed raising interest rates has risen, and increasing demand concerns have limited oil price gains. However, tropical storms in the US Gulf Coast may cause supply disruptions to bring support. Before this week's non-agricultural data, oil prices may remain volatile around US$80/barrel. In the short term, pay attention to the impact of API data and market uncertainties on oil prices.
Short near 81.60, stop loss: 82.20, target 80.60
First step back around 80.40 to go long, stop loss: 79.90, target to be determined
USOIL:Trading strategy
Oil fluctuated a lot last Friday, rising to 80.4, then fell under resistance, but finally rose again.
All when the oil falls to support, we can try to buy.
Usoil Today's trade building:
Usoil:buy79.2-79.6 TP:80.4-81
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Crude oil: operation strategy, high and low
Oil prices continued to rebound at the opening and performed first. Overall, Fed officials believe that there may be no need to raise interest rates. The decline in European diesel inventories boosts oil prices, but demand concerns still limit oil price gains. During the day, we will pay attention to the speech of the chairman of the Federal Reserve at the annual meeting of global central banks. If the speech is dovish, the oil price is expected to return to above US$80/barrel. If it is hawkish, the oil price may drop sharply, pointing to US$75/barrel; market uncertainty risks increase, and trading needs to be cautious.
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The trend of crude oil bottomed out twice in a row and closed up. There is a certain signal of bottoming out in the short term. There may be a continuation of the rebound in the market outlook, but the upper side needs to pay attention to the resistance of the middle rail line. Under pressure, there is a risk of going lower again. At the top, focus on the resistance around $80.40/barrel, and the operation is mainly short-selling
Crude oil, today's strategy is bearish
Crude oil is now clearly in a bearish trend. The k-line starts to exert force from the upper rail, the big Yin line breaks through the middle rail, and the k-line goes all the way south to the lower rail. At present, the k-line directly dives downward, and the Bollinger Band track is also opened downward. The opening is gradually enlarged, the lower triple bottom is near 79.0, the big Yinxian will inevitably break through, empty, 79.0 air
The market continues to consolidate weakly in the bottom area, and the overall oscillation at the support level of the trend line has now converged. We can clearly see from the attached picture below that the bottom area signal has appeared yesterday, and the bottom area in the early stage is relatively stable. In terms of a wave of rebound, yesterday’s intraday reappearance is relatively a rebound. In the short term, we can focus on the pressure. Only when we recover the lost ground will we go up further. , the specific suggestions are as follows:
Operating strategy: crude oil 79.0 empty, take profit 78.5-78.0,
Crude oil 78.0 into,
USOIL:Trading strategy
Oil has been fluctuating narrowly today, so today's trading is sold short when it reaches resistance, and bought when it reaches support. As long as you are not greedy, then you can make a profit today.
But the general direction of oil is still short selling, because it is still suppressed by the daily line and has not reached the support point.
Usoil Short-term trading:
Usoil:buy79.55-78.8 TP:80.3-80.6 SL: 78.3
In the long run, it is more risky not to fall to the support level, so you must strictly set the stop loss.
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USOIL:Trading strategy
Oil rose first and then fell today. It has been fluctuating near the lower edge of the rising channel, and now it is finally falling.
Now the downward trend is obvious, as long as it rebounds above 82, you can try to sell short.
Usoil Today's trade building:
Usoil:sell81.7-82.3 TP:81.5-80.8 sl:82.8
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USOIL:summary
Oil is the same as I expected. It has fallen below the five-day line since Monday and fell below the rising channel on Wednesday. I judge that oil will be adjusted this week, so this week's strategy is to sell short if it rebounds.
But before the close of trading on Friday, it rose again by 81.35 to reach the lower edge of the rising channel, so next week we must look again and wait for the market to make a new choice.
We will trade oil cautiously next Monday and wait for the trend to be obvious before trading, so that we will be safer.
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USOIL:Trading strategy
Yesterday, as I expected, after the oil fell below the rising channel, it fell directly to 79, but as long as it fell, it would be repeated and would not fall directly.
Now oil has rebounded to 81, but as long as it does not rise to 81.5 and stands firm, then the current rebound is for a better decline.
Usoil Today's trade building:
Usoil:sell81.1-81.5 TP:80.5-79.8 sl:82.3
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USOIL:Trading strategy
Yesterday, crude oil fell as I expected. As long as you followed my strategy yesterday, everyone should be profitable.
But I judge that oil will not fall directly, it will definitely fluctuate and then fall.
Oil has fallen below the rising channel, as long as the rebound does not exceed 82.5, then you can sell short
If you have enough funds, you can 81.3 Short selling, if you want to be safer, you can short selling near 82.
Usoil Today's trade building:
Usoil:sell81.3-82 TP:80.8-80.4 sl:82.5
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US OIL WTI Analysis 17Aug2023Prices move towards Fibo Extensions 1, which intersect with Fibo Extensions 1,618, and then there is currently a correction. If the Elliot notation is still appropriate, then the price should be there at this time, Wave 4. With there still being the potential for bullishness, you can find an area for Long in SND below.
USOIL:Trading strategy
Oil is currently falling below the rising channel again. If it cannot rebound above 82.3, I judge that oil will fluctuate and fall.
Usoil Today's trade building:
Usoil:sell81.8-82.4 TP:81.3-80.8 sl:82.75
If it rises to 82.7 again, then this time it will be a decline in the rise, and it will return to the rise channel again.
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The high level of crude oil encounters resistance and shocks
Crude oil prices rose and fell last week. The price hit the $85 line and then fell back. Judging from the current price trend, crude oil bulls have encountered slight obstacles, indicating that the market may start to weaken. After a wave of unilateral gains, the crude oil market was challenged at the $85 level, which may be due to a certain degree of exhaustion in the market, resulting in a small pullback. Despite market concerns about an economic slowdown, demand remains resilient, and the fundamentals of the crude oil market look much more optimistic than a month ago. At the same time, due to OPEC+ and Saudi production cuts, supply is reducing, and short-term crude oil prices may hit $85 again
Looking at the daily level, the opening of the Bollinger Bands is upward, and the price has encountered resistance near the upper track and has fallen back. The price has risen twice and failed to stand on the line of 85 US dollars. There are signs of a fall in the short term. The fall of the price is just a normal correction in the process of rising. , does not mean a reversal in direction. In the morning, the market price retreated slightly, and there is a risk of continuing to fall. In the short term, we will first see a wave of decline, and then continue to continue the upward trend. In 4 hours, the Bollinger Bands closed, and the price fell below the first-line support of the middle rail, and there is a possibility of further decline. In the short-term within the day, we need to pay attention to the support near 82.5 below. Once the price falls below this position, it is possible to step back on the first-line 81.8. In terms of thinking, let's start with a wave of price rebound, and focus on the resistance in the 82.8-83 area above.
Operating strategy: rebound in the 82.8-83 area and short, stop loss 83.4, target 81.8
USOIL: Will usher in a new wave of decline
Crude oil rebounded slightly and fell again. The idea is to place an empty order at the resistance position of 83-83.2. Friends who read the article may not necessarily wait for the point, but members and friends have kept up. When there is a short signal, decisively enter the market with an empty order. The current price is around 81.3 You can go up a little bit first. This is the difference between the idea of the article and the specific entry. The support resistance is that area. The specific entry depends on the real-time changes in the market. When there is a signal, you can enter the market at 81.0-81.3.
Strategy 81.0-81.3 enter long 82.0-82.2 take profit or enter decline
USOIL:Trading strategy
Today, I expressed my point of view. The trend of oil is the same as I expected. The following is my point of view in the morning.
Oil closed up for the seventh consecutive week last week, continuing its longest streak of gains in more than a year.Because the IEA expects that the increase in global oil demand and the decline in supply will drive oil prices up, but oil will not directly continue to rise. At present, it is a volatile rise. I will continue to observe the trend of oil and share it in my channel.
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At present, oil has fallen below the rising channel. If it cannot rise back today and tomorrow, then oil will continue to adjust
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