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!
Usoillong
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.
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.
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!
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
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!
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!
USOIL:Trading advice for the day
In the short term, because a new round of OPCE+ meetings is about to be held, the market is also speculating on whether to continue to reduce production in the future, the current actual state is that global gasoline consumption is strong, U.S. crude oil inventories have declined, and the number of drilling has also declined, so short-term long and short have not much continuation.
At present, it is an extreme of overbearish, and it can be bullish in the short term
Trading advice for the day
usoil:buy@70-70.4 tp70.8-71.2
Follow me and you will learn ways to make money and make it easy.
USOil | New perspective for the week | Follow-up detailOil prices reversed on Thursday and Friday to transition into a choppy situation to the disappointment of buyers as talks to raise the U.S. debt ceiling hit an impasse. Market participants were reluctant to have open buy positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend which could result in a huge gap at the beginning of the incoming week. In this video, we acknowledged the consolidation phase (between 70 and 74 zones) - a range that will be a determinant of price action in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Crude oil will break through the straight line and accelerate up
Crude oil fell back today and bulls rose again, and the point of decline was also very close to the expected point, but there will be normal shocks in the rise, and if there is a fall, there will be new long opportunities.
Crude oil closed positive on a daily basis and broke through the range high, indicating that the recent sideways correction has ended, and the market is once again not as good as the bulls.
Trading strategy
buy@73.90 tp1:74.70 tp2:75.9
Next, there will be many trading opportunities for crude oil. I will provide you with more signals. Don't miss the opportunity to make money!
USOIL Analysis: WTI Crude OilThe potential default of the US debt ceiling has created significant uncertainty in global financial markets, impacting various assets, including commodities such as USOIL (WTI Crude Oil). In this analysis, we will explore the potential implications of a US debt ceiling default on USOIL and present a trading strategy based on current market conditions.
Analysis:
1. US Debt Ceiling Default Impact: A US debt ceiling default can have profound effects on financial markets worldwide. Heightened uncertainty often prompts investors to seek refuge in safe-haven assets, including commodities like crude oil. Consequently, USOIL could experience increased demand and a potential surge in price.
2. Buy Zone: Given the potential impact of a US debt ceiling default, the suggested buy zone for USOIL lies between $66.83 and $58.54. These levels represent entry points where traders may consider opening long positions, anticipating a bullish price movement.
3. Stop Loss: To manage risk effectively, it is crucial to establish a stop loss level. In this analysis, a suggested stop loss is set at $54.31. Traders should consider placing their stop loss orders below this level to mitigate potential losses in case of adverse price movements.
4. First Target: The first target for USOIL, considering the potential rise resulting from a US debt ceiling default, is set at $124.49. This level indicates a significant upside potential and serves as an initial profit-taking area.
5. Second Target: In the event of a sustained bullish trend, USOIL could potentially reach new all-time highs. The second target is set at $190.41, reflecting the possibility of an extended price surge beyond previous records.
Considering the potential impact of a US debt ceiling default on USOIL, there is a compelling case for a bullish price movement. The suggested buy zone of $66.83 to $58.54 offers traders an opportunity to enter long positions, while the $54.31 stop loss helps manage risk. The first target of $124.49 provides a profitable exit point, and the potential for USOIL to reach new all-time highs, with a second target of $190.41, adds an exciting long-term perspective.
Disclaimer: This analysis is based on the assumption of a US debt ceiling default and should be considered as speculative. Traders and investors should conduct their research, evaluate market conditions, and exercise caution when making financial decisions.
Crude oil recommendation
Crude oil was oscillating in a narrow range the day before yesterday to prepare for the next long start. If the pullback is in place, then it is an opportunity.
Crude oil is bullish for the following reasons:
The daily crude oil line closed out of the Zhongyang Line, and is currently waiting to test the last rebound high of 73.88.
The second rebound of Wave B and c is already on the way to the upside. At present, the adjustment of the secondary level has ended, and the new upward band has been activated.
The intraday pressure is 73.20~73.80, and the support is 72.05~71.60.
USOIL:buy@72.05 tp:73.20
Today's crude oil trading advice
Crude oil is still oscillating in the range of 69.8-72.2.As long as it remains above 71.2, the upward cycle can be determined.
Today's crude oil trading advice
usoil:buy@70-70.5 tp71.7-72.7
Keep up with my trading signals and take you to make a profit of more than 300%
Crude oil rose today
Yesterday, there was a bullish signal at the 4-hour level of crude oil, and a small band of profit came out near 70.10.
Through the analysis of the 4-hour chart, I learned that the current crude oil is fluctuating at 71-72, and I will look for opportunities in key positions.
Specific strategies
USOIL:buy@70.7 tp:71.7
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!
USOil | New perspective for the week | Follow-up detailDriven by worries about demand linked to recession risks and the strain in the US banking sector, the oil prices experienced a dramatic decline in the previous week (6.5% drop). However, Oil prices received a boost after Friday’s robust US jobs report which eased concerns over the prospect of a downturn in the economy as strong jobs growth is often a plus for oil, whose consumption depends on peoples’ mobility and economic vibrancy. The US economic docket will be closely watched in the coming week as the US Department of Labor Statistics is set to release April inflation data on Wednesday with economists expecting the core consumer price index, which excludes volatile food and fuel prices, to increase by 5.5% on a year-over-year basis, after a 5.6% increase a month earlier. A weaker-than-expected reading could increase the expectations for a rate cut which in turn may cause a price correction upward in the coming weeks for the oil commodity but a beyond-expectation data would support the case for interest rate hikes in the future. In this video, we dissected the market structure from a technical standpoint to sniff out trading opportunities ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
US OIL can go upBased on Daily Timeframe, last thursday US Oil test its lower level & from this level, we see a bullish pin bar candle.
Now we see US Oil is at it's major resistance level & also last day candle close in green with a good length from downside.
so we can expect that if US Oil show strength from these level than it can go 82$ level.
so keep a eye on it.
USOil | New perspective for the week | Follow-up detailThe previous month witnessed a 4% drop in oil prices despite the OPEC+ member's decision to cut a further 1.7 million barrels from its daily output, adding to an earlier pledge from November to take off 2.0 million barrels per day. The implementation of this pledged cut is supposed to begin next month - May 2023 and this could result in some interesting market influx as the month starts in the coming week. In this video, I shared with you my thought process from a technical standpoint as we plan to take a decisive position ahead of the market opening.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USOil | New perspective for the week | Follow-up detailThe much-expected bullish pressure following the OPEC+ decision to cut oil production appears to be losing steam as bears are defying OPEC+ again. The majority of market participants are of the opinion that the selling pressure witnessed in the previous week is a result of persistent US rate hikes and recession fears but if we take a look at this bearish move from a technical standpoint, it could be a retracement phase which most of the time is a consequence of profit-taking activities. This video illustrated the technical side of the current market structure and highlighted a key level at the 78.00 level which will be serving as our yardstick for trading activities in the coming week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
After the oil is completed to fill the gap,can we go long on oilBecause of the impact of the banking crisis and the U.S. debt ceiling issue, the risk that the economy may fall into recession has been exacerbated, and U.S. data show that consumer confidence is insufficient, which is a very big blow to the demand for crude oil, causing crude oil to plummet in the short term and completely make up for the technical gap. Can crude oil be bought with confidence?
In fact, according to the structure of crude oil, crude oil fell sharply and fell below the flag finishing structure, which laid the foundation for the short trend of crude oil, and there is currently no signal to stop the decline completely, so there is room for crude oil to go further down.
However, from the point of view of the short-term structure, crude oil fell below the flag-shaped finishing structure for the first time, and completely filled the technical gap in one fell swoop. In the case of a short-term plunge in crude oil, there is a need for technical upward repair.And there is 50% support for Fibonacci below the short-term line, so for the first time in this position, you can try to long crude oil in the short-term.
In trading today, the trading signals I announced on the channel for shorting gold around 1999-2000 and 2006 all reached the take-profit target of 1995. The trading signals in the last two weeks have achieved a comprehensive victory, and the result of 0 losses is enough for us to reap satisfactory profits.In trading, whether it is gold or crude oil, I have the ability to satisfy your desire to make money. I have announced detailed trading signals about crude oil in the channel. Please pay attention to the trading signals in the channel.