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Usoillong

USOil Tumbles to $28: Path Predicted by Fibonacci ClusteringMy Fibonacci Clustering model reveals a potential downturn in USOIL prices to as low as $28 per barrel. This observation is rooted in the unique properties of Fibonacci sequences - their self-similar and repetitive nature often mirrors price action in a wide array of financial markets, including commodities such as oil. Historical evidence supports the plausibility of oil prices plummeting to such lows. The oil price slump of 2016, which saw USOIL drop to below $30, demonstrated how market oversupply, geopolitical tensions, and shifting energy policies can dramatically impact oil prices. Bear in mind that oil markets are influenced by a multitude of factors - supply-demand dynamics, geopolitical events, economic indicators , and even climatic conditions, among others. Thus, while the Fibonacci Clustering points to a potential downturn, this is just one piece of the puzzle.
TVC:USOILShort
by MichaelBsul
USOIL is poised to reach $71.63International oil prices were basically stable this Friday, and the U.S. index rebounded from a more than one-month low, limiting the rise in oil prices. Oil prices snapped a two-week losing streak on optimism over rising energy demand in top crude importer China. The upper pressure level of crude oil is 71.63 US dollars. The data released on Thursday showed that the number of Americans filing for unemployment benefits last week was higher than expected, and the U.S. industrial production unexpectedly fell by 0.2% in May, causing the U.S. dollar index to plummet by nearly 0.9%. However, U.S. retail sales unexpectedly rose in May, and the U.S. index rebounded after hitting a low of 102.043 since May 12 on Friday. Data released on Thursday showed that China's refinery throughput in May increased by 15.4% year-on-year, the second highest in history. The chief executive of Kuwait Petroleum Company said that China's demand for oil is expected to continue to climb at a confident pace in the second half of this year. Analysts also expect the latest production cuts announced by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) in May and further voluntary cuts by Saudi Arabia in July to support prices. Still, markets are struggling to shake the panic as the global growth outlook remains vulnerable to further shocks from aggressive rate hikes. The European Central Bank raised interest rates to a 22-year high as scheduled overnight. The Fed said this week that it will raise interest rates by at least 50 basis points by the end of the year. Higher interest rates end up increasing borrowing costs for consumers, which could slow economic growth and reduce oil demand. On the hourly chart, oil prices have started an upward trend from US$68, and the upper resistance is looking at the 100% target at US$71.63.
TVC:USOILLong
by ActuaryJ
Crude oil trends Today's crude oil rose as scheduled, came to around 69.4, today in the transaction we chose to go long, got a very good profit, it seems that OPEC+ decided at the early June meeting to extend the current crude oil production reduction plan, and Saudi Arabia promised to cut crude oil production by 1 million barrels / day in July, and said that it will extend further if necessary, which may ease the decline in oil prices. In addition, the United States further purchases crude oil to supplement strategic reserves, may also bring some support to oil prices, next, the market will pay attention to OPEC's monthly short-term energy outlook report, crude oil should enter a shock adjustment period tomorrow, and then narrow the range of shocks, trading ideas recommend low long, with stop loss trading, reduce trading risks Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
2
Crude oil analysis next week Next week's regular data API and EIA data, this week the United States to June 2 EIA crude oil inventories -451,000 barrels, expected 1.022 million barrels, previous value of 4.489 million barrels; the United States to June 2 EIA strategic petroleum reserve inventories -1.867 million barrels, previous value -2.518 million barrels; June 14 The United States will release API and EIA crude oil inventory changes for the week ending July 22, and inventories are expected to continue to decline. If the overall is bullish for crude oil as expected, more detailed is to see the expected EIA data after the release of API data. Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
1
Crude oil trading on Friday Oil crude oil is now rising to around 71, after reports that Iran and the issue of nuclear enrichment and oil exports are close to reaching an interim agreement, but oil prices rebounded from earlier declines at the close, as the United States denied reports that the two countries were close to an interim nuclear deal, in addition, gasoline inventories increased more than expected, crude oil has been volatile recently, and the crude oil strategy given yesterday is also a perfect take profit. Today's crude oil is mainly long at a low level. Personal Trading Strategy: usoil:buy@70-70.5 tp71.5-72 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
1
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsJoin me as we delve into the fundamental factors surrounding the upcoming OPEC+ meeting, taking place over the weekend. During this crucial gathering, OPEC+ members are expected to make important decisions regarding new production cut levels. These measures aim to regain control of oil prices by counteracting the influence of short-sellers and maintaining a target price of $80 or higher. This strategy involves creating an artificial supply squeeze to drive prices up. As a result, the outcome of the OPEC meeting adds an exciting layer of anticipation to the market's reaction on Monday. In addition, this video includes a comprehensive technical analysis of USOILSPOT, focusing on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, I aim to provide insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this insightful analysis, which combines fundamental factors and technical analysis to enhance your understanding of USOILSPOT's future trajectory. Stay ahead of the curve by watching this video now! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
Crude Oil Today The crude oil strategy given earlier, we chose to reduce positions after getting a profit at 72.7, it seems completely correct at present, crude oil fell to around 69.3, it seems that the short-term support below is around 67.3, today's release data to see that crude oil is bullish, I think there is still an opportunity to go long Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
Crude oil continues to go long Benefiting from the reduction of crude oil inventories and the impact of Saudi Arabia's planned production cuts, the upward trend of crude oil is obvious, and oil prices are expected to fluctuate in the range of 71.00-73.85 today Today's Crude Oil Trading Strategies: usoil:buy@71-71.5 tp72-72.5 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
2
Crude oil support began to move up Saudi Arabia, the world's largest oil exporter, raised official crude prices for Asian buyers. Oil remains in a wide weekly range due to limited demand, increased supply from non-OPEC countries, and potential recessions in the United States and Europe. Although crude oil broke through yesterday but then pulled above the trend line, it seems that crude oil support began to move up, and then the price rose above the short-term downtrend line. Crude oil is focused on long trading opportunities today Personal Trading Strategy: usoil:buy@70.8-71.3 tp72-72.5 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
Crude oil shock adjustment Crude oil we saw a bottoming out last week, did not continue after the decline, but formed a V-shaped reversal, began to continue to rise, and is now entering the upward phase. The resistance above is also obvious, the current strong resistance is around 74.7, as long as there is no breakout, you can choose to go long at the low level Crude Oil Personal Trading Strategy: usoil:buy@70-70.5 tp71.2-71.6 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
Analysis of crude oil trading on Monday Crude oil rose strongly from 68 on Friday to get back the space for the previous decline, affected by the OPEC extended production cut agreement, crude oil at a high level of short strategy last week needs to be adjusted, intraday 72 and 71.3 has become a long support line, but also crude oil can choose to trade the position At present, the rising trend of crude oil is obvious, today's opening crude oil broke through above 74 and then fell back to adjust, once again giving crude oil room to go long, short-term support level to see 72, short-term upper resistance to see 75 Personal trading strategies: usoil:buy@72-71.5 tp72.5-73.5 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
Oil -Rising on potential OPEC cut oil productionWell, the technical analysis seems to indicate that Oil is currently in a very strong overbought area, from which we expect it to rise to at least 82. Especially since interest rates may stop rising in the coming period and be fixed at 5.25 or 5.50 With the decline in oil prices due to the economic slowdown, there is a high probability that OPEC will cut oil production at the next meeting, which will cause prices to rise strongly.
TVC:USOILLong
by m-trad-e
1
Saudi Arabia boost oil price with output cutI have some exciting news to share with you today. Saudi Arabia has recently announced their plan to boost the oil price by cutting their output by 1 million barrels a day. This is excellent news for the oil industry and presents a fantastic opportunity for investors like you and me. As you know, the oil market has been volatile in recent years, but with this announcement, we can expect a significant rise in oil prices. Therefore, this is the perfect time to invest in oil futures and exploit this exciting development. I encourage you to act fast and invest in oil futures today. This is an opportunity that you don't want to miss out on. With Saudi Arabia's commitment to reducing its output, we expect a steady increase in oil prices over the coming months. Let's exploit this exciting opportunity and invest in oil futures today. I look forward to seeing the positive results of this decision shortly.
TVC:USOILLong
by bryandowningqln
Crude oil continues to rise The U.S. House of Representatives passed a bill to suspend the U.S. debt ceiling, offsetting the impact of rising U.S. crude oil inventories. Markets will also be focused on the OPEC+ meeting on Sunday. The focus will also be on non-farm payrolls tonight. The crude oil long strategy given yesterday is also perfectly in line with the expected trend to get a lot of profits, today crude oil is still long-based, but pay attention to the buying position Personal trading strategies: usoil:buy@70-70.3 tp71.5-72 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
USOIL:Trading advice for the day The recent market is complicated, quickly pulling up a wave, there is the risk of the main wash, but under the short trend, crude oil eventually closed lower for the second time, so for the time being, crude oil still maintains a short trend, bullish downside. Although this wave of bears seems to be able to continue, but there is no short pattern, in the daily cycle, it is likely to break the unilateral moving average to suppress the strength, so today in the bearish crude oil while paying attention to the strength of the rebound, more optimistic about 67, 67.5 short-term bottom higher, if the big rise can be seen 69.8, 70.5 high. The US market has EIA data, and we need to pay attention to its impact. As long as you keep up with my signal, you can make more money
FX:USOIL
by UnknownUnicorn55305536
2
Analysis of today's crude oil trading As oil prices continue to fall, expectations of further OPEC production cuts and a major breakthrough in the US debt ceiling bill may limit the decline in oil prices The OPEC+ meeting will remain in the spotlight later this weekend, as producers are expected to announce further production cuts to support energy prices Personal Trading Strategy: usoil:buy@68-68.2 tp68.6-68.9 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588
Crude oil trading strategy Crude oil is currently basically falling below the previous high volatility range on the daily line, and the daily trend continues to be weaker, and there is a certain uncertainty in the EIA data market in the evening. At present, the space for continuing to decline after a continuous low sideways trend is not particularly large, and the current price has basically touched near the previous support band. On the small-level cyclical trend, the technical pattern also began to gradually repair, and there was a certain rebound on the short-term trend. Trading strategy: usoil:buy@68.6-69 tp70-70.5 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588