USOIL:Choose direction
The trend of oil is still the same as I said, fluctuating in the range, as long as you follow my strategy, you should be able to have a nice weekend.
Oil rose as high as 91.3 today, but fell and did not break through the range in the end. When the second rise did not break through the high of 91.3 and fell back within the range, then you can sell decisively.
Now there are still fluctuations in the range, so the range is still valid. You can still buy at the low point and sell at the high point in the range. Waiting for the trend to break through the range, we can judge the final trend of oil.
Because oil has not risen to break through the range for three consecutive times, now we have to observe the support points in the range. If the support points cannot be effectively supported, then the possibility of oil falling will be greater.
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Crude oil: short at high points
Crude oil fell first and did not give short-selling opportunities. Then short-selling can only be considered when it goes up to the support line. The short-selling opportunities in the 90.8-91.6 area were also prompted in the roadshow and in the group (as shown below). . With the sharp counterattack of crude oil, bulls began to save themselves, but eventually gave up most of the gains. At present, oil prices have fallen into short-term shocks, and bulls and bears are expected to compete here. Crude oil is expected to rebound, so it will fall back first and wait for the counter-draw. , as to whether this is a reversal topping stage or a rise relay, currently I personally prefer the first.
The main reason for the rebound in crude oil is that the overall upward trend of wave 3 has most likely ended. Starting from the high point of 92.41, there is a high probability that it will enter the mid-term 4-wave adjustment. The specific breakdown is in wave 4 A of it. Crude oil pressure 90.85~91.45,
USOIL:Trading strategy
Oil is the same as I predicted yesterday. Today, it fell directly and broke through the support point, but Russia suddenly announced a ban on the export of gasoline and diesel, causing oil to rise again. Now the trend of oil has become blurred.
Now we can only observe the resistance and support points of the range
The range is 88.9-91.1
So we can trade in the range.
Strictly set the stop loss and wait for the trend to become clear
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USOIL:Trading strategy
Oil finally fell. When many people thought it would rise, I always believed that oil would fall.
Because since last week, oil prices have been postponed last week because of the joint production cuts by Saudi Arabia and Russia, but the technical indicators show that they have been overbought.
Our medium-term goal is still 86
Short-term trading advice:
USoil:Sell:91-92
TP1:90.1
TP2:89.2
TP3:88
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USOIL:Trading strategy
Oil is the same as I predicted last time, reaching resistance and falling, the lowest falling to my predicted TP2: 89.2
Now oil is rising again, but I think oil will definitely adjust and fall in the end.Medium-term target is still: 86
Short-term trading advice:
USoil:Sell:92.3-92.8
TP1:91.5
TP2:89.9
TP3:89.5
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Crude oil: trend analysis continues to push back more
Although we are currently at the end of a phased rise in crude oil, the bulls are still very strong and continue to hit new highs. Therefore, we still maintain a bullish and long thinking before the necessary turning signal appears. The only thing that needs to be paid attention to is the number of each transaction. Risk control must be strictly implemented to prevent emergencies from occurring. Still looking for opportunities to continue trading lower during the day.
The main reason why crude oil is bullish is that the upward trend of wave 3 and wave 5 is still continuing, and there is still a slight retracement on the way, and it is still bullish. It has now entered the final peak moment of wave 3 of wave 5-5. Crude oil pressure 91.30~92.10, support 91.4
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.
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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