Crude oil trading signals today
As I analyzed for you before, although we did not give us a short position of 73 yesterday, the overall direction is still correct, and the market as a whole has not fluctuated very much, and it has remained between 73-70.
At present, international oil prices are rising, and investors are cautiously optimistic that the risk of U.S. debt default will subside, but the expectation of further interest rate increases by the Federal Reserve still restrains the rise in oil prices.
Crude oil trading strategy on Friday
USOIL:sell@73-73.5 tp72-71.5
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. If you need signals, join me as soon as possible!
Usoilsell
USOIL:Trading straregy
Yesterday, the market continued to fall as scheduled and adjusted to reach the support level of the chips below. In the short term, we can continue to focus on the pressure of the chip peak (around 73.80). We can also clearly see from the above picture that the CCI has further upward movement In the short term, there is also a lot of pressure at the top, just focus on the pressure of 73.20 and 75.70. The specific suggestions are as follows:
usoil:sell@73.2-73.6 tp1 72.3 tp2 71.8
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Short-term bearish crude oil
Crude oil first fell to 70 yesterday, and then rose sharply. It fell and rebounded twice in 4 hours. It is fully in line with the short-term shorting analysis we gave yesterday. Combined with the daily trend, crude oil may rebound, which is very suitable for our short-term shorting. I suggest shorting near 73-73.5, pay attention to the timing of trading departure.
Crude oil trading strategy today:
USOIL:sell@73-73.5 tp72-71.7
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!
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 won a big victory today
I am really happy that the trading signals shared with you today can make you a good profit. Next, I will always provide you with more accurate trading information. Join me and I will make everyone gain something every day.
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!
Analysis of today's crude oil trading
After the opening of today's market, the trend of the market is basically the same as yesterday's market. After the opening of the market, it began to rise after a small decline.
In terms of crude oil operation ideas, it is recommended to be short-selling. The upper short-term focus is on the first-line resistance of 71.7-72.2, and the lower short-term focus is on the first-line support of 69.4-68.9.
Continue to wait for suitable trading opportunities for crude oil.
Trading strategy:
USOIL:sell@71.7-72.2 tp69.7-69.4
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!
How is oil trading amid expectations of an economic downturn?
The panic brought about by successive bank bankruptcy, the market expects that the European economy will enter a recession, and the demand will drop sharply, leading to a general decline in commodities. Crude oil has fallen below $70 yesterday. If it falls below $60, it is expected to continue to fall to around $43 , which is very large space.
If the bankruptcy incident can be stopped, the panic will no longer spread, the market will restore confidence in the European economy, and once again raise expectations for demand, oil prices will return to above $80 again.
From the perspective of technical form, it is still in a downward channel. If it does not fall below 65, we do not rule out the probability of a short-term double bottom. If we do not retest around 65 again, for the rebound market, we only see the 69-71 range. , there is a very strong resistance around 71-72. If it can break through, the technical form can go up further.
At the same time, it needs the cooperation of the news. If the panic cannot be controlled, we may have to short first and wait for 60 Look at the support situation nearby. If the decline stops, then there will be a greater opportunity to go long.
Traders, if you like my sharing, please follow and support me. I will post more interesting trading information involving gold , crude oil , forex, cryptocurrency, and stocks. If you have any questions, please leave a message in the comment section, and I will answer them for you.
USOIL is in possible sell zone!!USOIL 4h Has broken down after creating a head & shoulder on the lower timeframe. Upon new opening, the price has formed a new bearish structure and again has broken down after a liquidity grab as soon as the market opens. Currently, price retesting the previous support as resistance on the local structure and rejecting that can give us another opportunity to sell WTI after our first successful trade as soon as the market opens.
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USOIL is in sell area!!USOIL (4H) is currently approaching to test the neckline of 4H head & shoulder. It is high probability that the price will have a rejection as we already have seen strong rejection from this important area of value with long bearish engulfer.
As the long-term trend is down, it is a high probability that the price will continue to drop as daily has a strong bearish price action as well
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USOIL - 240 MINS TIMEFRAME USOIL
The Structure looks good to us, waiting for the this to correct and then give us these as shown on this instrument (chart).
Note: its my view only and its for educational purpose only. only who has got knowledge in this strategy will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap.
we do not get into bullish or bearish traps. we anticipate and get into only big bullish or bearish moves (Impulsive moves).
Just ride the bullish or bearish impulsive move.
buy low and sell high concept. buy at cheaper price and sell at expensive price.
Keep it simple, keep it Unique.
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USOIL possible sell zone!!USOIL ( 4H ) Currently in a downtrend we have last week price has just rejected this long-term resistance and has created a double top on the 4H. As the trend line is respected, we could see another drop in this instrument to the downside to the monthly support zone
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USOIL possible sell zone!!USOIL (D) has broken out of daily support with a strong bearish engulfer. The price is already in a downtrend and it is possible that the price will drop to the monthly support level before creating upward movement. On the test of this previous support as resistance, if enough rejection is shown, a selling opportunity may arise.
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👉 USOIL The main goal is to decline to support levels👉 USOIL The main goal is to decline to support levels
The emergence of an uptrend from a support level with a breakout of a downstream channel
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USOILHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
The way I told you, you have to trade like this and you will have more profit always and you will not be a loss.
USOIL-SELL strategyWe are likely going a little higher $ 123-125 and perhaps a little more.
The strategy is then to SELL @ 124-126 for now. We may ADD further around $ 131.50 if seen. It feels we may test highs, but from strategic point of view we are overbought, and especially monthly is becoming a bit on the severe side, and followed by weekly, we may have a chance to BUY back around $ 114.00 again for the near term.
Strategy SELL $ 124.50 and again 131.50. Take profit @ 115.25 for now.
USOIL-SELL strategyWe are now in the SELL area as mentioned few days ago. The level to start a SELL is 118.50-119.25 or adjust accordingly. The top of the regression channel is now slightly above 120.00 (note it can always move little higher above it). The stochastic RSI is high up, and this suggest we should see it recover lower over time.
For now as suggested SELL @ 118.50-119.25 and take profit @ 107.50 for now.