USOIL: The rise is blocked and will fall in the short termInternational oil prices rose. Originally affected by the increase in U.S. crude oil inventories, oil prices first rose and then fell. However, the risk of interruption of the Red Sea transportation channel still provided support for oil prices, helping to keep oil prices above the 21-day moving average.
Yesterday, the market rose first and then fell as expected, reaching the upper line of 75.40 and falling back. Despite this, oil prices finally closed higher. Government data showed that U.S. inventories increased significantly and production reached record levels, exacerbating continued concerns about oversupply. The U.S. market yesterday evening The second upward attack pierced 75.3, and then it fell back and fluctuated downward to break the bottom and close. The daily line closed higher and fell back. The overall price showed a stagflation pattern above the 75 mark. Today, we can go short first and then look at the shock and fall.
Usoilshort
Bear Market
The free signal given to you today is the USOIL trading strategy, because there is EIA data today, and the data is as expected, which is favorable to the bears.
Because there has been no significant decline so far, we have only closed some orders, and there are still some holdings waiting for the market to go lower further to expand profits.
The 3h chart of gold is favorable for shorts, and 30m is testing the resistance level. I focus on shorting, with the purpose of trading the large-level trend. (Resistance 2038-2043, support 2029-2026)
USOIL: Bulls are about to start
With the EIA data today, the market is bound to experience significant fluctuations. From the current point of view, I think the probability of an upward trend is relatively high, so my trading strategy is to go long.
During this process, since the fluctuations will be very large, you must do a good job in risk management and never let your transactions bear too much risk.
Each of our transactions should involve small risks and large gains. Only such transactions will be long-lasting.
Analyzing the market is a complicated matter, but if you can master a method proficiently and get it verified, your trading will become simple.
I hope all my friends can profit from the market! good luck!
USOIL: 14/12 market analysis, plans to sellCrude oil (USOIL): Yesterday, crude oil broke through the 68 area, reaching the lowest position of 67.7. Today opened at 69.8, and the amplitude of five or six dollars in the morning was not too big. It broke below yesterday, but it did not stay too much. In the evening, the decline was gradually recovered, and the daily K closed a green line. There was only one explanation given, short correction, just like the previous two days. Only after correction can the short acceleration be ushered in more smoothly! Crude oil trading signal sent later
USOIL: Crude oil continues to sell at high prices on 11/12Crude oil (USOIL): Today opened at 71.1, the Asian market rose by 6 US dollars, the daily chart continued to rise, the upper pressure is in the area of 72.2-72.3, today we will first see whether the upper resistance is effective.
I will update the crude oil signal later
USOIL: 8/12 crude oil market analysisCrude oil (USOIL): Crude oil opened at 69.7 today and rose by 7 US dollars in the morning. Yesterday, we planned to go short near the daily pressure of 70. In the afternoon, it broke through the 70.4 line and stopped falling at the 68.8 line in the evening. We successfully made a profit, but It did not fall to my ideal point of 68, but has since rebounded and returned to the 70.4 line. At the end of today's weekly line, the market has been volatile, so we have to be on guard and be more prudent in our layout. The top focus will be on the 71.2 area. After the bullish sentiment in crude oil is released, it is time for us to take action! !
Crude oil trading strategy on December 7
Yesterday, the market rose first and then fell in the evening. It once reached the 69.10 line below and is still rebounding slightly. Now there is a desperate counterattack signal at the 69.10 line. It is expected that a rebound is about to happen. It depends on the strength of the short-term rebound. The short-term general direction remains unchanged. In the short term, we will continue to short on rallies. Specific suggestions are as follows:
Crude oil 72.60 and 74.60 are short respectively, with stop loss of 70 points and take profit of 300 points;
Crude oil is long at 69.20 and 66.30 respectively, with a stop loss of 70 points and a profit stop of 500 points.
USOIL: How does crude oil trade today? ↓Crude oil (USOIL): Crude oil broke the bottom yesterday and stopped at 69.1. It opened at 69.2 today and rebounded at 69.8 in the morning. The trend is not much different from the morning trading of the previous two days, and the trend continues to be bearish! The Japanese K has fallen for five consecutive times, and the short sellers have almost reached the bottom. If the 68 position below cannot be supported anymore, the short sellers will continue to attack 63. However, at the current position, we have to be wary of the bulls’ counterattack. After all, the current position has also reached the daily line. support! Today, the top will focus on the 70.1/70.2 area, and the bottom will first look at the 68 break.
No bullish sign
Crude oil fell below 70, with no bullish signals in the short to medium term. Oil prices have continued to fall since the second rebound in late October failed, and eventually formed a downward trend. Oil prices have hit the August low of 77.80. Oil prices showed a minor shock pattern around the lows, forming a flag relay pattern. Oil prices successfully fell below the lower edge of the flag pattern.
Overall, oil prices have been weak, facing pressure from a variety of sources, including oversupply, doubts about planned production cuts, global economic uncertainty and weak gasoline demand. Investors will pay close attention to market dynamics to obtain signals on the future trend of oil prices. The focus this week will be Friday’s U.S. non-farm payrolls data.
Oil prices are currently bearish, pay attention to 71.5 above.
USOIL is heading Lower and lower (~67$)Hello Traders
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USOIL: Crude oil analysis today, continues to fallCrude oil (USOIL/XTIUSD): Yesterday, crude oil entered the market as planned and harvested profits, reaching a perfect position of 72.2, with a profit of 140pips. Today it opened at 72.1, rising by 5 US dollars in the morning and then falling back, similar to the trend of the previous two days. The bulls resisted tenaciously in the morning. Although there is strong support at the low level to resist the decline, the downward trend remains unchanged. The focus is on the 72.9/73.4 position at the top today. With the strength of the shorts, we are firmly bearish on the acceleration of the bottom break!
Signals will be sent in real time
USOIL: 5/12 Today’s Trading StrategyCrude oil (USOIL): Crude oil opened at 73.3 today. It was volatile in the morning and the market was running slowly. Yesterday’s crude oil was long and short in shock, and the range also had an amplitude of 20 US dollars. However, the overall trend was still suppressed by the pressure from above and could not break through. The bulls were not to be outdone. , which has resulted in the current volatile situation, but the general trend is still there, so we can just continue to take advantage of the trend and go short! ! The daily K-continuous negative trend went very smoothly, and new pressure formed yesterday above, so today we will focus on the pressure of 73.6-73.7! !
USOIL SELL:73.6~73.7
SL:74.3
TP1:73
TP2:72.6
TP3:72.2
Since the quotes from brokers are different, please refer to Tradingvew’s quotes.
XAUUSD/USOIL:The bear is about to fight back
After this sharp rise, the 1h chart once again showed a top divergence, with supports located at 2039, 2031, and 2023. The market is very close to the high of 2076, so long transactions should be cautious. My trading today will be mainly short positions.
At the same time, some will be reserved for waiting around 2020. If your account has enough margin, you can also do this.
In addition, there is EIA data today, which has a high probability of being negative for OIL. If you want to participate in this data market, you can consider shorting. Since the data market is highly volatile, I hope everyone can control risks during the transaction to ensure the safety of the account!
good luck!
USOIL: Oil prices rose sharply due to a storm in the Black Sea Oil prices soared as storms in the Black Sea region disrupted oil exports from Kazakhstan and Russia, raising concerns about tight supply as investors awaited a major OPEC+ decision.
Severe storms in the Black Sea region have disrupted oil exports of up to 2 million barrels a day from Kazakhstan and Russia, state and port authorities said. The Ministry of Energy announced that Kazakhstan's largest oil field will see a 56% decline in total daily oil production by November 27.
Hiroyuki Kikukawa, president of NS Trading, a division of Nissan Securities, said:
“Investors are locking up short positions ahead of the OPEC+ meeting amid concerns about supply disruptions from Kazakhstan.”
“Attention is focused on OPEC+ policy and demand outlook for the second half of this year, and unless OPEC+ makes significant production adjustments, WTI is expected to remain around $76 in the short term and fluctuate above and below $5. .”
OPEC+ is scheduled to hold an online ministerial meeting on Thursday to discuss production targets for 2024, after postponing its Nov. 26 meeting. Four OPEC+ officials said negotiations would be difficult and there was a possibility of an extension of the previous agreement rather than deeper production cuts. A weak dollar and a decline in US crude oil inventories also supported crude oil prices. The dollar fell near a three-month low as market expectations grew that the Federal Reserve could start cutting interest rates early next year. Meanwhile, U.S. crude oil inventories fell by 817,000 barrels last week, market sources said, citing data from the American Petroleum Institute. On average, eight analysts polled by Reuters expected oil inventories to fall by about 900,000 barrels in the week ending Nov. 24. The US government's weekly oil inventory statistics will be released this evening.
Usoil:What exactly is OPEC+ going to do?
I reminded yesterday that oil fell rapidly because of the postponement of the OPEC+ meeting, but the final time was set to be held again on November 30, so oil prices began to rebound yesterday.
As can be seen from the chart, the trend of oil after the rebound is relatively weak, and today it did not break through the point where it started to fall at 77 yesterday.
So today you can still choose to sell below 77. If you break through 77.2, you need to re-observe. As long as you strictly set the stop loss and follow my trading, your success rate will be greatly increased.
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USOIL (CRUDE OIL ) SELL ON REJECTION HELLO TRADERS !!!
As i can see CRUDE OIL 🛢️
The anticipated OPEC+ meeting set for this weekend to a postponement to Nov 30th. The delay stemmed from challenging discussion between Saudi's and fellow members regarding oil production levels....
Saudi Arabia currently implements an additional 1 Million barrel per day output cut since July engaged in talks without specifying the cause for the delay....
Recently weeks have seen oil prices fluctuate amir signs of expending supply.....
CRUDE OIL 🛢️ INVENTORIES ROSE 8.70 MILLION BARREL
while this presents another bearish factor 🔥
and technically it is showing us a rejection here on a fake breakout of trend line so we planing for these design TP and expected more fall in USOil its just an trade idea do a proper analysis before trade on ur real account share ur trade idea with us it will help alote the trader community
USOIL: Trend analysis and operation strategy
EIA released nearly two weeks of inventory data, a cumulative increase of 17.5 million barrels, more than expected accumulation led to a rapid decline in the disk, of which crude oil inventories reached 439 million barrels in the week of November 3, a higher since August. In addition, the market expects Saudi Arabia to extend production cuts until January next year. At present, the accumulation of expectations is deepening, and the upward movement of crude oil prices is blocked. Yesterday, oil prices on the technical side of the weak unilateral downward trend, ASEM slightly back pressure 76.6 line down to break the bottom, the evening accelerated down to 75 and 74 two integer marks, and continued to close weak near the 72 mark, the Japanese line Baoshu pressure down to break the bottom bardo, closed at a low level for three consecutive days. Oil prices fell 4.81% yesterday, closing large negative line, the decline has accelerated signs. From the perspective of technical indicators, the moving average system helped the downward form to be complete, and the superimposed MACD was located below the zero axis for a long time, and the overall form had obvious short advantages. On the operation, it is recommended to consider the rebound and short, low and many are auxiliary.
WTI Crude Oil Handling Recommendations:
Strategy 1: Rebound near 74.5-75.2 short entry, stop loss 0.6 points, target 72.6-72.2 line;
Strategy two: Callback 72.2-72.5 near multiple single entry, stop loss 0.6 points, the target 74.0-75.0 line.
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
📈🛢️US Oil Daily prediction 🛢️📉TVC:USOIL
FX:USOILSPOT
Before we predict the next week, let's take a look at the trend of the oil chart.
The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level.
If this uptrend fails, the price will reach lower targets below 77$.
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usoil: accurate signal
Crude oil's downtrend continues, testing support at $72. Anticipate another decline after reaching around $74. If you have long positions in crude oil, consider closing near $74 and following the trend by shorting. Personally, I expect crude oil to reach $70 in the near term before resuming an upward trend.
I provide daily analysis and strategies for gold and crude oil. Don't miss out.
Usoil:Is it back to the downtrend?
Yesterday, oil fell rapidly, broke below the five-day line, and returned to the downward trend again. From the chart, it can be seen that 75-76 has certain support.
We need to observe the support strength of the previous low of 75. If it falls below the previous low, the room for decline will be opened.
So we can short and sell along the resistance point
now you can observe the fluctuations in the range, which is 74.9-77.4
Trading needs to strictly set the stop loss, even if you are in the wrong direction, you will not lose too much.
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