Crude oil fallsCrude oil will continue to retreat when it falls. Crude oil fell sharply yesterday and closed down. The momentum of the oil price's opening decline has slowed down and has stopped falling. However, it is only a technical recovery, and the indicator signals are still biased downward.
Amid the general downturn in global financial markets, oil markets remain under pressure despite Saudi Arabia and Russia reiterating that they will continue to cut production until the end of this year. The rise in oil prices has stalled as market sentiment continues to deteriorate amid expectations that interest rates will rise for an extended period.
Usoilprediction
USOIL will rise after trending back.n yesterday's trend, USOIL rose and fell very obviously. Today it is around 88.2 to 88.3, and the resilience at this position is very strong. I will test this support level and if there is no decline then I think it will rise to around 89.3 and 89.5.
In addition, the United States will release EIA crude oil inventories for the week of September 29 in five hours, which will be an important factor affecting the trend of USOIL.
USOIL:Observe trends
Today, the lowest level of oil fell to around 87.76, but in the end it still returned to the range.Therefore, the success rate of trading in the range is currently very high.
Today, oil fell below the range. At present, we need to pay attention to 89.7. This place determines where the next direction is. If it continues to fall below 89.7, then oil is still a downward trend. If the rise breaks through 89.7 and stands firm, then it can be judged that the probability of oil rising increases.
If you want to trade in the range, then you need to judge his trend and the impact of the news.
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USOIL:Trading strategy
Oil has been rising because of OPEC production cuts, but now all indicators show that it is currently overbought.
There is limited room for growth now, so we are now shorting oil.
However, overbought will not reverse immediately and will last for a period of time.
But we can try the medium-term goal, the target point: about 86.
Short-term trading advice:
USoil:Sell:90.6-91.3
TP1:89.6
TP2:89.2
TP3:88.2
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Potential Oil Decline Amidst Tight Supply and Fed Rate HikeRecent market dynamics, characterized by a tight supply scenario and growing speculations of a Federal Reserve rate hike, have raised concerns about the future trajectory of oil prices.
1. Tight Supply Scenario
2. Speculations of a Federal Reserve Rate Hike
Given these circumstances, it is crucial to approach oil trading with caution. The combination of a tight supply scenario and the possibility of a Federal Reserve rate hike creates an environment of heightened volatility and increased risks. Therefore, we strongly recommend pausing oil trading activities until further clarity emerges.
At this juncture, it is essential to reassess your investment strategy and consider the potential impacts of these factors on your portfolio. We encourage you to consult with your financial advisor or reach out to our dedicated team of experts who are available to provide you with tailored guidance and support.
In conclusion, we believe it is prudent to exercise caution and refrain from making any hasty decisions regarding oil trading. The current market conditions, characterized by tight supply and speculations of a Federal Reserve rate hike, warrant a careful approach to mitigate potential risks.
USOIL:Fluctuation in the range
Last week, oil broke through the range of 88.3-91.2 and rose as high as near 95.
Last week, I predicted that if it breaks through 91.2, it will be more likely to rise, but I did not expect that oil will rise so much. Every time it rises rapidly, there will definitely be a reversal. Now the oil is around 89.7 and it is back in the range, so now we still judge the transaction based on 88.3-91.2.
If the oil falls below 88.3, then it is necessary to judge that the range is invalid, so you need to observe more when trading, or strictly set the stop loss.
It is still possible to buy at low levels and sell cautiously at high levels in the range.
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Crude Oil: Today’s Strategy
Crude oil enters the market empty at 88
Continue to watch the decline, continue to watch 82, or even 75 line
Any position where crude oil rebounds is short. The current rebound of the big positive line is to enter the market for shorts. Once again, the 88 line enters the market for shorts. Get ready for a sharp drop to harvest. Crude oil rebounds, but it is still below the middle track of the Bollinger Bands. The short position is empty.
Operation strategy: short crude oil at 88, stop loss at 89, target at 82
Crude oil will fall in the short termCrude oil currently lacks news, and it is in a downward trend in the short term.Through the analysis of the hourly chart of crude oil, we know that yesterday the market first rose and then fell above the 91.60 line and fell back, and then reached the 88.30 line. It is currently hovering around 88.50, with no hope of short-term rise.
Crude Oil: Analysis Strategy Today
Through the analysis of the hourly chart of crude oil, we know that on the previous trading day, it first fell, then rose and then fell, forming a wide-ranging shock trend, which converged at the moving average support level below. We can clearly see from the attached picture below that in the previous transaction The market had already entered the weak zone on the day before, and the rebound was weak. It is still running in the weak zone, indicating that there is still room for adjustment in the short-term market.
Crude oil is long at 90.70 and 88.90 respectively, with a stop loss of 70 points and a profit stop of 300 points;
Crude oil is short at 92.20 and 93.30 respectively.
USOIL is about to rise.USOIL reached a peak of 93.000 last week, and the trading strategy this week is still long. First of all, it has experienced two declines and is now hovering around 91.100. My suggestion is to enter the market now and take profit at 91.800. Stop loss 90.700. Good luck and happy trading.
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
Ride the Bullish Wave in Oil Trading with OPEC + Supply Cuts!As an oil trader, you'll be thrilled to know that the economic conditions remain bullish, thanks to the continued OPEC + supply cut.
The oil market has been experiencing a remarkable rebound, primarily driven by the collective efforts of OPEC + countries to stabilize prices. With the ongoing supply cut agreement, we have witnessed a gradual reduction in global oil inventories, leading to a more balanced market. This positive trend has undoubtedly instilled confidence in the market, and we believe it is an opportune time to capitalize on this bullish sentiment.
Now, you might be wondering, "How can I make the most of this bullish wave?" Well, fear not! I'm here to guide you towards the path of success. Here's a call-to-action that encourages you to long oil and seize the potential profits:
1. Stay Informed: Keep a close eye on the latest news and updates regarding OPEC + decisions, global oil demand, and geopolitical factors. Being well-informed will help you make informed trading decisions and stay ahead of the curve.
2. Analyze Market Trends: Utilize technical and fundamental analysis to identify key trends, support, and resistance levels in the oil market. By understanding the market dynamics, you can make more accurate predictions and execute well-timed trades.
3. Diversify Your Portfolio: Consider allocating a portion of your trading capital to oil-related assets, such as oil futures, ETFs, or energy stocks. Diversification can help mitigate risks and maximize potential returns.
4. Set Realistic Targets: Establish clear profit targets and stop-loss levels to manage your trades effectively. Remember, a disciplined approach to trading is crucial for long-term success.
5. Leverage Technology: Take advantage of advanced trading platforms and tools that offer real-time data, market analysis, and customizable indicators. These resources can provide valuable insights and enhance your trading strategies.
By following these steps, you'll be well-positioned to ride the bullish wave in the oil market and potentially reap substantial rewards. Remember, maintaining a positive outlook and embracing opportunities is key to achieving your trading goals.
So, dear traders, let's embark on this exciting journey together and make the most of the optimistic oil market conditions. Stay bullish, stay positive, and let's make some profitable trades!
UsOil (OIL) -> Most Talked About AssetMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on UsOil.
Looking at the chart of UsOil you can see that just four months ago Oil perfectly retested and already rejected the 0.618 fib level in confluence with previous support structure.
The real next resistance is once again the previous swing high at $110 from which we already saw a major bearish rejection and this means that we have another +20% move on Oil.
- - - - - - - - - - - - - - - - - - - -
I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
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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Oil Pushes Up Cushing Stock Supply Tightens - Time to Long Oil!Introduction:
Hey there, fellow traders! We've got some exciting news to share that'll make you want to jump on the oil bandwagon. The oil market has been buzzing lately, and we're here to shed light on how the recent developments are creating a golden opportunity for all you savvy investors out there. So sit back, relax, and let's dive into the world of oil!
Oil Pushes Up Cushing Stock Supply Tightens:
In recent weeks, the oil industry has witnessed a significant surge in prices, leading to a tightening of supply at the Cushing stock. For those unfamiliar, Cushing, Oklahoma, serves as a crucial hub for oil storage in the United States. This tightening supply indicates a strong demand for oil, which bodes well for those who are looking to invest in this lucrative market.
The recent push in oil prices has been primarily driven by several factors. Firstly, with the global economy gradually recovering from the impacts of the pandemic, the demand for oil is rapidly increasing. As travel restrictions ease and industries resume operations, the need for oil is skyrocketing.
Furthermore, geopolitical tensions and production constraints in certain oil-producing regions have also contributed to the tightening supply. These factors, coupled with the growing global energy demands, have set the stage for a potentially profitable opportunity in the oil market.
Call-to-Action: Long Oil and Reap the Benefits:
Now that we've established the positive outlook for the oil market, it's time to seize this opportunity and make some smart investment moves. Here's our call-to-action for all you traders out there: long oil!
By going long on oil, you can position yourself to take advantage of the rising prices and the tightening supply at Cushing. This strategy involves buying oil futures contracts or investing in oil-related exchange-traded funds (ETFs). With the bullish trend expected to continue, going long on oil could potentially yield significant returns in the near future.
Remember, as traders, it's crucial to stay informed and keep a close eye on market trends. Stay updated with the latest news, monitor supply and demand dynamics, and consult with financial experts to make informed decisions. With the right strategy and a positive outlook, you can ride the wave of this oil market surge and maximize your gains.
Conclusion:
There you have it, fellow traders - a golden opportunity awaits in the oil market! With the tightening supply at Cushing and the rising demand for oil, going long on oil could prove to be a smart investment move. So, let's embrace this positive momentum, stay informed, and make the most of the potential returns that lie ahead.
Remember, the key to success in trading lies in calculated risks and thorough market analysis. So, gear up, get ready, and let's ride the oil wave to financial success!
Disclaimer: Trading involves risks, and it is essential to conduct thorough research and seek professional advice before making any investment decisions.
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.
Crude Oil: Strategy Advice Short
The oil supply outlook remains tight, with Russia and Saudi Arabia both cutting output through the end of the year, while the number of operating oil rigs in the United States has dropped to its lowest level since the end of the year. U.S. refiners are also cutting production capacity, further tightening supply.
While these factors are expected to continue to support prices, overall economic concerns are limiting oil prices' upside potential. In the short term, oil prices will continue to be impacted by the above factors. Rising interest rates, a stronger dollar and worries about the global economy appear to be offsetting the benefits of limited supply. However, with the start of China's National Day Golden Week, a potential rebound in tourist numbers may bring some support to oil prices. But until global economic concerns are eased, oil market sentiment tends to be bearish.
Short-term strategy reference: High probability scenario: bearish above 90.6, target 90.0-90.6. Small probability scenario: bullish below 88.8, target 88.5-88.9 Market comment: RSI technical indicator runs downward!
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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The short-term supply of crude oil is insufficient.Thanks to many traders for their support, please remember to give me a like, thank you very much.
Can the current short-term crude oil supply shortage be resolved? Demand expectations need to remain cautious. The daily trend of crude oil is temporarily maintained at a high level, and the current price range is temporarily compressed between 91-90 on the 4-hour trend.
Operation suggestion: short around 90.2-4, stop loss 91.1, target 89.3-89.6
I would like to remind all my friends to do good risk control and wish everyone smooth trading.
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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