Factors Behind Rising Oil Prices: A Call-to-Action for ConsciousThe oil market is heating up, and it's time to seize this golden opportunity. The recent surge in diesel prices, a decline in oil rigs, and a refinery fire in Louisiana have caused oil prices to skyrocket. This is your chance to make a bold move and long oil!
First off, let's talk about the surge in diesel prices. Diesel prices have been climbing steadily, which has significantly impacted oil prices. Diesel is a crucial fuel for the transportation and industrial sectors, and its increased demand has put pressure on the oil market. As diesel prices continue to rise, so do the prospects for oil prices.
Adding fuel to the fire, we have witnessed a decline in oil rigs. With fewer rigs in operation, oil production has been affected, leading to a decrease in supply. As the saying goes, when supply dwindles, prices soar. This decline in oil rigs has created a perfect storm for oil prices to rise even further.
But that's not all! A recent refinery fire in Louisiana has exacerbated the situation. Refineries are vital in transforming crude oil into various petroleum products, including gasoline and diesel. The disruption caused by the fire has reduced refining capacity, leading to a tighter supply of oil products. As a result, oil prices have shot up, presenting an incredible opportunity for traders like you.
Now, here comes the call to action! It's time to take advantage of this exciting market scenario and long oil. By going long, you'll be betting on the continued rise in oil prices. This is your chance to make a profitable move and ride the wave of this upward trend.
But remember, trading involves risks, and it's crucial to do your due diligence and consult financial experts before making investment decisions. Stay updated on market trends, monitor news related to the oil industry, and keep a close eye on economic indicators that can impact oil prices.
So, traders prepare to dive into the oil market and capitalize on this incredible opportunity. Long oil and ride the wave of this price surge. The time is now, and the potential for profits is immense. Don't miss out on this exciting chance to make your mark in the oil trading world!
Usoillong
USOIL TRADE IDEAhi all
Fibonacci expansion reached 1.618 and I'm now looking for a correction to level $82.40 before going short again and aiming for $74.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Can't Find a Pattern? Make a Pattern ✂ Hello Traders,
I've identified a Cup & Handle pattern on USOIL, and I'm excited to guide you through the process I followed.
To begin, consider initiating a long trade with a target at $100.00 and a stop loss at $72.50.
Additionally, honing your pattern recognition skills is essential. Train your eyes to spot patterns by linking highs and lows based on your chosen timeframe, akin to how the zigzag indicator functions.
Subsequently, streamline the lines by connecting the highs and lows of the swing direction, while marking pivotal price points.
Now, link the pivoting points with the endpoints of the lines. As you take in the broader picture, you'll realize we've crafted both a cup 🥤 and handle ☕ pattern.
Proceed by drawing a trend line, establishing your target, and then awaiting the breakout.
Your insights and thoughts are most welcome.
Warm regards,
USOIL LONG SWING TRADE SETUPHey folks!! welcome to another week filled with opportunities. First on the menu is USOIL LONG swing set up. The pair has been trending up and recently had multiple break of structures on the daily and 4HR time frames. After making higher highs, price has now delivered lower into the demand level that caused this break of structures.
Price has now started to deliver back up after tapping into this Point of interest (POI) with multiple confluences indicating a move back up. Intra-day structure is now bullish on the 4 hour time. Our first target will be 84.83 and will be looking to partial out here possibly to hold a fraction of the trade to continue delivering higher.
Make sure to practice good money and proper risk management on all your trades.
USOIL - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from 1H bullish order block.
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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
Direct shorting of crude oil in the US market
For crude oil, the daily trend is long, and the direction of the one-hour period is short. The operation idea is bearish at high altitude. Crude oil prices fell below the 82.5 line and then formed a downward step, and the shorts rebounded to the 82.0 line and then went up. The current price stopped at the 83.1 line and began short-term consolidation. The five-minute cycle top form formed after the price fell to the 82.75 line. So far, the opportunity to go short again has appeared in the operation, and the five-minute short-selling conforms to the one-hour cycle. The current price may be short at 82.75, which is bearish short-term before the low 80 line.
Specific operation: the current price of crude oil is 82.75 short, the stop loss is 8.7, and the target is 80.
USOIL: 14/8 crude oil analysisLast Friday, crude oil technically showed the characteristics of minor shocks, recovery and recovery. However, the price in the Asian-European trading stage then fluctuated and fell back and fell rapidly, and then stabilized and rebounded after piercing the 82.3 line. In the U.S. market in the evening, the price rose slowly to 83.7 and fell back under pressure, and finally closed around the 83 mark with shocks. The volatility throughout the day is not large, and the price fluctuates back and forth around the 82.2-83.7 range. From a technical point of view, the overall price shows a trend of finishing within a high and narrow range. Even so, the short-term trend is still suppressed by the 84 mark, and stagflation is observed in the short-term period. If crude oil prices fail to make a strong breakthrough today and reach the 84 mark, from a technical point of view, there may still be expectations of an adjustment and a fall. In the upper part, the short-term pressure area is concentrated around 83.8-84. If the market fails to break through here and stand firm, it may trigger a downward trend again, forming a trend of shocks and declines. Below, the support zone is around 81.7-81.5. In intraday trading, investors can first sell high and buy low in this range to seize the opportunity of shock operation.
Crude oil operation strategy: rebound to 83.5-83.8 short, stop loss 60pips, target below 82.0.
Crude oil operation strategy: Step back to 81.3-81.6 to go long, stop loss 60pips, target above 83.3.
USOIL WITH PLAN WEEK : 14/18 - 18/08 ( ENG VER )USOIL is having a lot of information supporting the increase in oil prices.
Besides, Technical Development told him that the uptrend of Oil is continuing.
Chart H4 :
- Going beyond the H4 transaction boundary created a long time ago. Personally, I can see that the accumulation phase has formed. According to the Wyckoff paradigm.
- The recent H4 sessions have successfully returned to the Upper Edge Test.
- The last 2 H4 sessions, bullish candle with large volume - test backtest candle with very small volume. Seller beware!
Chart M15 :
- Finish running accumulation, go back to check LPS.
2 Areas of concern can enter orders :
- LPS: 83.
- Quasimodo region: 82.5
Summed :
BUY USOIL : 82.5 - 83
All Stoploss : 82
Target : 84 - 86 !
Good luck everyone !
USOIL:Trading strategy
Today, the oil has been adjusting. It tested the low twice, but it did not reach the low. The short-term support point of the oil is 83.2.
At present, the oil is still in the rising channel, and you can trade around the range.
Usoil Today's trade building:
Usoil:buy83-83.5 TP:84-85
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US Oil - LongThis is an ideal buying area for Oil, Buy volume on the 4 hr has been outpacing sell volume, typically what i want to see at trend reversals. Stop loss around $63 looks fine. A close below 65, i would start to look toward the $40 area. However, if the long plays out targets are T1:85 ish T2: 95ish T3: 110 ish
Oil trend analysis
International oil prices held firm on August 9, as supply cuts by Saudi Arabia and Russia led to tight supply, overshadowing negative trade and inflation data from China, the world's largest crude importer. Saudi Arabia, the world's top exporter, last week extended its voluntary output cut of 1 million bpd until the end of September, adding that the cuts could be extended and deepened. Russia also said it would cut oil exports by 300,000 bpd in September. The upper part focuses on the first-line resistance of 85.5-86.0 in the short term, and the lower part focuses on the first-line support of 83.0-82.5 in the short term. I personally recommend that the trading strategy is mainly low and long
trading signal:
buy82.5-83 tp83.5-84
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Ride the Oil Wave - Take Advantage of the Growing Supply Risks!As you may already know, the global oil market is experiencing a significant shift. Supply risks are rising, creating a perfect storm for traders like us to make substantial gains. With OPEC+ production cuts, geopolitical tensions, and the gradual recovery of global demand, the stage is set for oil prices to surge even higher.
Now is the time to act, and I strongly encourage you to consider going long on oil. By taking a bullish position, we can potentially reap the benefits of this upward momentum and secure substantial profits. The excitement is palpable, and the potential returns are too enticing to ignore!
Here's why we believe now is the perfect time to enter the oil market:
1. Supply Risks: Numerous factors, such as geopolitical tensions, production cuts, and supply disruptions, rapidly tighten the oil market. These risks put upward pressure on prices, creating an ideal environment for traders to go long and ride the wave of increasing demand.
2. OPEC+ Production Cuts: The recent decision by OPEC+ to maintain production cuts has further tightened the market's supply side. This strategic move indicates their commitment to stabilizing prices, making it an opportune time for us to take advantage of this bullish trend.
3. Gradual Demand Recovery: As economies worldwide continue to recover from the impacts of the pandemic, oil demand is steadily gaining momentum. The reopening of businesses, resumption of travel, and increased industrial activities are all contributing factors that will further drive up prices.
So, how can you seize this opportunity and maximize your gains?
I recommend considering a long position on oil futures or exploring other oil-related investment options. By leveraging this bullish sentiment and carefully analyzing market trends, we can position ourselves for potentially significant profits.
Remember, timing is crucial, and the current market conditions are ripe for us to make a move. Conduct thorough research, consult your trusted advisors, and devise a strategy aligning with your risk appetite and investment goals.
Don't let this exciting opportunity pass you by. Get in on the action and ride the oil wave to financial success!
If you have any questions or need further guidance, please comment. Let's embark on this thrilling journey together and maximize this remarkable opportunity.
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
Continue to update later, everyone can keep up
Oil Holds Gains as Attacks Threaten Russia's Black Sea Exports!The world of oil trading is buzzing with opportunities, and I couldn't wait to share this with you. Brace yourselves because it's time to dive into the captivating world of long-term oil trading!
As many of you may have heard, recent attacks have significantly threatened Russia's Black Sea exports. While this news may sound alarming to some, we traders know every obstacle presents an opportunity. And this opportunity is nothing short of extraordinary!
Oil prices have been soaring, and the market is holding onto these gains, fueled by the uncertainty surrounding Russia's exports. Now, you might be wondering why this is such a big deal. Well, my friends, this is where long-term oil trading comes into play.
Long-term oil trading allows you to capitalize on the current situation and secure your position for the future. By taking advantage of the volatility in the market, you can make strategic investments that will pay off in the long run. It's time to think big and act boldly!
Imagine the thrill of making calculated moves, utilizing your expertise and market insights to predict future trends. With every trade, you can make substantial gains while riding the wave of uncertainty caused by geopolitical events. This is the moment to show your prowess and seize the opportunity!
So, what are you waiting for? It's time to take action and embark on an exhilarating journey into long-term oil trading. Don't let this opportunity slip through your fingers. Join us in this thrilling adventure, and let's make the most of the current market conditions together!
Get started today by analyzing the market trends, studying the geopolitical landscape, and identifying potential opportunities. Remember, knowledge is power, and the more you educate yourself, the better equipped you'll be to make informed decisions.
The time is now, my fellow traders! Let's harness the power of uncertainty and turn it into our advantage. Together, we can ride the wave of volatility and achieve remarkable success in long-term oil trading.