Crude oil's Strong Return: Exclusive Trading Strategy and LayoutOverall, yesterday's market can be considered as a one-sided upward trend within the day. Both crude oil and gold gave a wonderful performance on the upward path yesterday. Gold reached a record high yesterday, and crude oil didn't show any weakness either, breaking through the $71 mark in one go. Traders who followed John's advice yesterday are believed to have reaped good profits. The data released by the US Energy Information Administration yesterday showed a decrease in production, which further pushed crude oil above $71 and to the current high of $71.8. Every time crude oil is at a crucial juncture and needs to choose a direction, there will be bullish news in the market to support it. This is caused by the excessive instability resulting from the current turbulent international situation, and Trump's fickle policies also lead to the dual nature of the market that makes it prone to fluctuations.
Crude oil reached around $71.8 at its highest point yesterday, and the trend and price levels basically met the expectations. Judging from the current trend of crude oil, there are signs of a continued rebound. The resistance levels above are $72.5, $73.3 and $74 respectively, while the support levels below are $70.9, $70.4 and $69.9 respectively.
USOIL
buy@70-70.5
tp:72-73
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Usoilsell
USOIL-Sell in the 71.6-72 rangeUSOIL has also experienced a strong uptrend recently, driven by news events. However, as we all know, "what goes up must come down"—even in a one-sided market, technical corrections are inevitable. Right now, we are seeing a perfect opportunity for a pullback-based short trade after the sharp rally.
Trading Recommendation:
📉 Sell in the 71.6-72 range
USOIL: Next Week's Blueprint for Profit Amid VolatilityDuring the US trading session on Friday, March 28th, international oil prices fluctuated slightly and declined. However, both Brent crude oil and WTI crude oil remained firmly near their one - month highs and were projected to register "three consecutive weekly gains" on the weekly chart. The ongoing tug - of - war between the supply tightness instigated by geopolitical unrest and the latent concerns regarding an economic downturn has placed oil prices in a volatile state of being "caught between a rock and a hard place".
From the perspective of the USOIL daily chart, following the medium - term trend's breach of the lower edge of the range, it has predominantly fluctuated around lower levels. The oil price has experienced consecutive short - term increases, breaking through the suppression of the moving average system, and the medium - term objective trend has entered a transition phase. Nevertheless, in terms of kinetic energy, neither the bulls nor the bears have demonstrated a clear - cut inclination to overpower the other. It is anticipated that the medium - term trend will persist in its volatile rhythm for a while, awaiting the establishment of a distinct trend direction.
The short - term (1H) trend of USOIL has not continuously set new highs and has exhibited a pattern of high - level consolidation. The short - term objective trend remains upward. In the early trading session, the oil price underwent a narrow adjustment at a high level, presenting an overall secondary rhythm with a sound internal rhythm. The fundamental objective trend during the week has been upward in sync, and it is highly likely that the short - term trend of USOIL will continue its upward trajectory next week.
USOIL
buy@68-68.5
tp:69.5-70
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USOIL Strategy AnalysisUS crude oil inventories have declined, while expectations of tariff hikes by Trump on Russia and Iran provided short-term market catalysts. However, the economic implications of such measures have also fueled concerns about growth, leading crude oil prices to retrace after a rebound.
For intraday crude oil trading, prioritize selling on rallies with buying on dips as a secondary strategy.
Oil trading strategy:
sell @ 69.4-69.7
sl 70.2
tp 68.7-68.9
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USOil:Profit realized by shorting on reboundsOn Thursday, crude oil dipped and then rallied towards the end of the trading session, reaching a low of around 69.1. Today, it rebounded to around 69.8 and then started to decline. The short-selling strategy implemented in the morning resulted in a profit.
Next, attention should be paid to whether the upper resistance level of 70 can be broken through. If it cannot be broken through in a short period of time, consider shorting again during the subsequent rebound.
USOIL Trading Strategy:
Sell@69.7-70
TP:68.5-68
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USOil: Today's Trading StrategyCurrently, in the daily chart trend, crude oil continues to maintain a slightly bullish sideways trend along the short-term moving averages. At the hourly level, there is no clear trend. You can go long near 68.7.
usoil buy@68.7-68.8
sl: 68
tp: 69.6
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USOil: Today's Trading StrategyUSoil is currently maintaining a slightly stronger oscillating trend along the short - term moving average in the daily - line chart. There is no clear trend in the hourly - level chart. You can go long around 68.7.
Buy USOIL at 68.7 - 68.8
SL: 68
TP: 69.6
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USOIL: Rally, Resistance, and Technical ReversalThe recent trend of USOIL has been continuously rising in a volatile manner, and the current intraday price has reached a three - week high.
Currently, the bullish sentiment in the market is greatly influenced by fundamental news, mainly due to the combined effects of the United States increasing sanctions on Iran's energy and the ineffective and substantive implementation of the 30 - day cease - fire agreement between Russia and Ukraine.
Analyzing the short - term trend from the one - hour chart of USOIL, during the US trading session last night, the crude oil price surged again, hitting the resistance of $69.5 in the market. However, after encountering resistance, part of the bullish momentum took profits and fled, and the price slightly retreated to the support of $69 without further decline.
After today's opening, the bullish momentum was obviously insufficient, and the price did not rise further. The upper track of the Bollinger Bands extended downward, exerting pressure. The moving average of the Macd indicator formed a cross at a high level and has a downward extension trend, and the momentum column began to release downward.
USOIL Trading strategy
Sell@69.5-69
tp:68-67.5
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USOIL Trading Strategy: Secrets to Consistent ProfitsThe situation in the crude oil market has been complex recently.
On the supply side, it is affected by the uncertainty of the OPEC+ production increase plan, the recovery of U.S. shale oil production, and the potential supply risks in Iran.
On the demand side, due to the weak momentum of global economic recovery and trade disputes, demand has been suppressed. However, the rising market expectations of the Federal Reserve's interest rate cut may boost crude oil demand if the loose monetary policy is implemented.
In terms of inventory, although U.S. crude oil inventories have decreased slightly recently, there is still pressure for inventory accumulation, and the decline in the geopolitical risk premium has weakened the support for oil prices.
In the short - term, the crude oil price was blocked and retraced at the upper edge of the trading range. Eventually, it rebounded and recovered, yet failed to break through to a new high. The bullish and bearish forces are locked in a stalemate. Objectively, the short - term trend direction remains unclear, while subjectively, it is biased upward. It is expected that crude oil will break through the resistance at the upper edge of the range and continue to rise today, though with limited upside potential.
USOIL Trading Strategy
sell@68.5-69
tp:67-66.5
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USOIL in Limbo: Will 66 Holdor70 Break? Next week, the trend of USOIL still remains highly uncertain. Technically, the current price is continuously fluctuating within a range. Around $70 serves as a strong resistance level, while $66.05 is a key support level.
Fundamentally, the tense geopolitical situation and the supply decisions of OPEC+ provide some support for oil prices. However, the slowdown in global economic growth, coupled with the increase in US crude oil production, exerts downward pressure on oil prices.
Barring unforeseen events, USOIL is likely to trade in the range of $66 - $70. Once the key levels are broken through, the direction of the trend will become clear. In terms of trading operations, it is recommended to adopt a "buy low and sell high" strategy within the range of $67.5 - $69.5.
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USOIL Market Analysis and Tactical InsightsCurrently, USOIL is trading around $67 per barrel.
On the supply side, while OPEC+ plans to increase production, ongoing geopolitical tensions in the Middle East are adding supply uncertainties.
On the demand side, U.S. fuel demand remains resilient, but the subdued global economic outlook may limit crude oil demand growth.
Technically, the daily chart shows moving averages in a bearish alignment, though the short - term RSI suggests relative market strength.
If the price rebounds and faces resistance near $67.9, consider a light short with a target of $66.
If the price stabilizes around $66, a long could be considered, with a target of $67.
USOIL Trading Strategy
sell@67.5-68
tp:66
buy@66
tp:67
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USOIL: Will oil prices continue to fall? Can I buy it?Dear trader friends, are you still curious whether you can buy USOIL or continue to short USOIL? Listen to Jack's opinion.
USOIL: At present, oil prices have rebounded slightly under the situation that the United States has restricted Iraq's oil exports. The current price is 66.7. At present, the New York market has not opened. It is expected that after the opening of the market, the oil price will further increase. The demand for oil in the market has increased, and the supply is insufficient. Therefore, it is expected that oil prices will rise in the short term. So it is my idea to go long on USOIL now.
Buy at 66-66.5. tp67.5-68. sl65.5
Personal thoughts, for reference only. If you follow my signals or refer to my suggestions, remember to pay attention to the real-time notifications within the analysis circle. Convenient for subsequent operations or closing positions.
USOIL: Will oil prices continue to fall? Can I buy it?Dear trader friends, are you still curious whether you can buy USOIL or continue to short USOIL? Listen to Jack's opinion.
USOIL: With the decline of last week's news, the restrictions on the export of oil from Iraq, a major oil country, have led to an increase in market demand, which has led to a rise in short-term oil prices. The news has not been released, and Trump has not continued to mention this matter. Oil is a short-term strategic reserve resource. When the demand in the market rises. Then the rise in oil prices is just a matter of time. In the short term, we need to pay attention to whether the oil price of 67.5-68 can be stable. In terms of trading, it is still mainly buying at low levels.
Personal thoughts, for reference only. If you follow my signals or refer to my suggestions, remember to pay attention to the real-time notifications within the analysis circle. Convenient for subsequent operations or closing positions.
USDOIL: If trading, buy or sell?Dear traders, are you still wondering how to trade oil? Short or buy? Then take a look at Jack's ideas.
Friends who continue to pay attention will know. After issuing a buy order of 62 in the early morning, oil successfully reached the target above 70. This is profit. This is the precision. If you follow it, then you will definitely get the same profit. This is the effect of "exclusive signal".
USOIL: Under the influence of the news that the supply line of oil was interrupted, the price of USOIL came above the expected 67. If the position stabilizes, it will continue to hit the position of 68. Of course, the impact of non-agricultural data is also very critical. Combined with the current situation, it is the same as what I expected yesterday. Continue to be long. See if the target around 68.5-68 can be achieved.
Keep an eye on the real-time trading opportunities announced in the analysis circle every day. If you want to follow.
USOIL: BUY
Oil prices have experienced a significant decline due to recent news, with the market oscillating within established support zones. Today's API data is bullish; however, it has not resulted in a notable price increase, nor has it breached the support levels.
As the EIA data release approaches, the likelihood of a positive impact remains high, suggesting a potential for a substantial upward movement. Our trading outlook leans towards buying, positioning for an anticipated rally in oil prices
Today's crude oil trading strategyCrude oil Today's ’U.S. EIA crude oil inventory for the week to September 27th' data is sharply bearish on crude oil!
In addition, OPEC stated: the three countries have confirmed their compliance with the production reduction compensation plan, and the production reduction compensation is equivalent to a slow increase, so it is difficult for the added crude oil to rise!
Therefore, crude oil is still mainly shorted!
Today's crude oil trading strategy: short the market near 70.6, 71 increase the position operation
USOIL:Long, TP 78-82
After achieving our long position target, we initiated short trades and have already secured a good profit. Orders are now being closed in batches.
From a trend perspective, there's a short-term need for a rebound, though it likely won't be strong. There's still some downside potential, mainly considering the need to fill the gap around 74.9. In the medium term, I believe the likelihood of an upward move is higher, with a target around 79- 82.
USOIL: BUY@73-70 TP 75-78
Oil prices have fallen sharply recently and have touched the support level near the previous low. There may be a range of fluctuations here, but the final breakthrough must be upward, so my trading direction is very clear, buying around the 73-70 area, with a target of 75-78.
8.14 Crude Oil Trend AnalysisShort at 80 points
Last week I predicted that the oil price would reach 80. As I expected, the oil price peaked at 80.58 and then fell back to around 78.4.
The panic in the stock market last week led to a large sell-off of crude oil, which also gave us a good opportunity to enter the market. The oil market ignored the tension in the Middle East. Now the situation in the Middle East has been repositioned and the oil price has returned to 80. This prediction went very smoothly.
My personal suggestion is "Profit-taking Exit"
Although the situation in the Middle East is not very clear, it has not yet reached an uncontrollable situation. Now is a good time to exit.
When the market is in panic, it also brings opportunities for traders to enter the market. I wonder if you have seized this opportunity.
USOIL - Summer demand expectations are supporting pricesReuters stated that the Fed has raised hobby prices sharply in 2022 and 2023 to minimize growing inflation. Rising borrowing fees for customers and corporations ought to gradual financial boom and decrease oil call for. Meanwhile, a robust dollar ought to hose down oil call for via way of means of making greenback-denominated commodities like oil extra costly for holders of different currencies.
Commenting at the surprising acceleration in oil costs, analysts at strength consulting company Gelber and Associates stated summer time season call for expectancies are helping costs.
Goldman Sachs analysts stated they anticipate Brent oil costs to upward thrust to $86/barrel withinside the 0.33 quarter. In their report, those analysts stated that strong summer time season transportation call for will push the oil marketplace right into a deficit of 1.three million barrels in step with day withinside the 0.33 quarter.
Oil costs rose regardless of the greenback growing to a four-week excessive following a pointy decline withinside the euro.
Last week, oil costs fell for the 0.33 consecutive week because of worries that the Organization of the Petroleum Exporting Countries and its allies` (OPEC+) plan to boost a few manufacturing cuts from October might similarly growth supply.
Investor interest is presently turning to US purchaser charge index records for May to be launched on June 12, searching out suggestions approximately whilst the Fed can also additionally begin decreasing hobby prices. The marketplace is additionally "waiting" for the consequences of the Fed's two-day coverage assembly beginning on June 12 with the expectancy that americaA Central Bank will preserve hobby prices stable.
The marketplace has tempered expectancies for a Fed charge reduce in September following jobs boom records launched ultimate week. According to records from LSEG Financial Company, buyers additionally diminished expectancies approximately the extent of Fed easing this year, with handiest one hobby charge reduce.
Oil price real-time trading details
Oil prices are currently back at low levels, supported by the June production cut agreement. In the short term, buying is still the main focus, taking the price of tradingview as an example. 78.2-78.5 is used as the buying range.
The target can be set at 79.6-80.5.