Gold: It may fall to 1800! ! !
Gold fell from around 1930 to around 1845, with basically no rebound, that is, the bulls surrendered directly. This trend is obviously a short trend, and the lows continue to fall. Even a rebound of a few dollars is directly swallowed up by the big negative line. This It’s short energy.
The four-hour line of gold price has entered the next level. It continues to be a negative line. The era of shorts is obviously coming. The sword below is pointing to the 1811 line, or even near 1615. Anything is possible on the K-line. At the same time, the 50-day moving average continues to run downward, continuing to compress the bulls' Space, there is no possibility of rebound at all, the K line is suppressed by the 50 moving average throughout the whole process, and it is pressed to the floor and rubbed, empty, 1834 empty
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USOIL: Crude oil analysis and operation
With Opec + pledging to curb oil supply until the end of the year and Asia's economic recovery expected to expand again, we expect global oil inventories to fall by 70 million barrels over the next three months. As a result, we now see Brent averaging $91 / BBL in the second half, up from $81 / BBL previously. Still, our forecast for 2024 remains at $90 per barrel, thanks to an increase of 1.2 million BPD in non-OPEC supply from Guyana, Canada, U.S. shale, and Brazil. In addition, if sanctions on Venezuela and Iran are further eased, supply will increase by 450,000 BPD in 2024. As Opec + politics and global geopolitics allow, the increased supply will help restrain further price increases. Oil prices surged 3.50 per cent yesterday, with intraday highs above $95. After the opening of the morning, oil prices surged on the inertia, the high point entered the $95 mark, and the current pressure is below 94, and the momentum of turning the gun is still strong. In operation, it is still a reasonable choice to short the rally. Short-term strategy reference: High probability scenario: bearish below 95.0, target 93.0-92.0; Low probability scenario: Bullish above 92.0, target 95.0-96.2.
USOIL:Range fluctuation
The oil is back in the range again. If you trade according to my range, I think you can have a great time today.
Today, the oil price fell to near 88.2, and the low point was tested again, but it still returned to the range, so now we have adjusted the range, the range is: 88.3-91.2
The adjustment of the range range increases the success rate of our trading. As long as it is within the range, we still buy at a low level, sell at a high level, break through the range and then re-observe.
Today, the low was tested for the third time and rose again, so we must observe whether the position above 91.2 will break through. If it breaks through, it is more likely to rise. If you want to sell, pay attention to setting a stop loss.
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Crude oil: Crude oil rebounds to highs
U.S. oil WTI once fell below $89 and pushed down to $88. It fell as much as $1.48 or 1.7%. After turning up, it returned to the psychological integer level of $90. The more actively traded Brent December futures once fell to US$90 or fell as much as 1.6%, then turned higher and then returned to US$92. The futures about to be delivered after expiration turned higher and then rose above US$94. They had previously fallen below 93 US dollars. and $92.
Oil prices turned higher and broke off two-week lows, with U.S. oil returning to $90
In the third quarter, U.S. oil rose by more than 26%, and Brent oil rose by about 24%. Both are expected to record the largest increase in more than a year since the first quarter, and both oil prices will achieve cumulative increases in every month of the third quarter. Mainly because the prospect of tight supply outweighs concerns about economic and oil demand uncertainty in a period of high interest rates. However, some analysts worry that the U.S. government shutdown may make it difficult for Brent oil to rise to $100.
Go long near 92.0, stop loss: 89.90, the target is 92.0-95.0 if it breaks.
USOIL:Range fluctuation
Oil is still fluctuating in the range, reaching a minimum of around 89 today.
The oil has not chosen the direction yet. Last time we judged that the oil was going to test near the support point of 88.9.
Now the oil is near 89.9, and the direction is still not confirmed, so this range is still valid. You can still sell at the high point, buy at the low point, and wait for the oil to break through the range to confirm the trend.
We can't blindly think that oil will fall now, because we have tested the low twice in a row, but it has not fallen. We trade in the range. If we break through the range, we will strictly set a stop loss.Wait for the funds to choose the direction.
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Crude Oil: Today’s Strategy Advice!
The top of crude oil is empty near 92-92.3, and the defense is 93.5, and the target is around 90 and 89.5. The bottom is long near 89.5-90, and the defense is 88.5, and the target is around 89.2-88.7. Specifically, wait for the real-time strategy to update the entry point, and you need to follow up offline. Friends who do not follow up in real time may make operational mistakes. You can join the group to pay attention to the latest news and follow market trends in real time. Strategies are subject to change at any time.
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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