Profiting from Oil Price Drops
Recent events have led to a significant drop in oil prices, primarily due to the phenomenon known as "demand destruction." I believe this presents an opportune moment for traders like yourself to consider shorting oil and potentially reap substantial gains.
Considering the conservative nature of your trading approach, shorting oil could be a prudent strategy to capitalize on this situation. By short selling oil, you can aim to profit from the further decline in oil prices. This approach aligns with a conservative trading philosophy, as it allows you to take advantage of the current market conditions while minimizing potential risks.
To maximize your potential gains, I recommend conducting thorough research and analysis before executing any trades. Keep a close eye on global economic indicators, such as GDP growth forecasts, industrial production figures, and travel restrictions. Additionally, monitor geopolitical developments, as they often have a direct impact on oil prices. By staying informed and vigilant, you can make well-informed decisions that align with your trading strategy.
I understand that shorting oil may not be suitable for everyone, and each trader has their own risk tolerance and investment goals. However, I believe that the present circumstances present a compelling opportunity for those who are willing to take a calculated risk.
In conclusion, the recent oil price drops resulting from demand destruction offer a promising chance to profit from shorting oil. As a conservative trader, this strategy allows you to capitalize on the current market conditions while adhering to your risk management principles. Remember to conduct thorough research, stay informed, and make well-informed decisions aligned with your trading strategy.
Should you have any questions or require further assistance, please do not hesitate to comment below. Wishing you success in your trading endeavors
Usoilshort
USOIL shortThe ascending channel of this oil has been broken and the bottom of this corrective channel has also been hit, and now there is an opportunity to sell again, which can fall to the range of 78-77. The appropriate entry point is after the current temporary correction is completed. The target of this trade is the 78 range. We can consider the loss limit to the previous high, 87.4.
OIL: where are you going to?This is my preferred count for OIL as the most recent downmove was so violent that it seems to be the beginning of a new trend.
Looking for continuation lower into a three wave move to compose higher degree wave Y.
As always questions and comments are more than welcome,
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Trade Safe!
USOILA new round of military conflict broke out between Israel and Palestine last weekend, an incident that had a major impact on financial markets on Monday. International oil prices soared more than 4% after the opening, and the key to the market is whether the conflict is under control or spreads to other regions, especially Saudi Arabia. At least at the beginning, the market seems to think that this situation will be limited in scope, duration and oil price impact. , but volatility is expected to be higher.
USOIL - Bullish price action ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: As we can see here we are in a bullish market structure from daily perspective, so price filled the imbalances and then rejected strongly upside. Expect bullish continuation here.
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USOIL's trend remains rising.If the United States tightens sanctions on Iran, analysts at Commonwealth Bank of Australia (CBA) estimate that about 0.5-1.0% of global oil supply may be affected, which would push Brent crude oil prices above $100 per barrel.
A further risk is whether Iran will try to disrupt oil shipments through the Strait of Hormuz, through which 15-20% of the world's oil supplies pass.
The continued rise in oil prices will have a negative impact on inflation, but it will also impose a burden on consumers, so the impact on interest rates is not direct.
USOIL: Weekly profit summary
This week ended perfectly, earning 50,000, exceeding the expected target, the main reason is to seize the opportunity to fall all the way, continue to maintain next week, I wish everyone a happy weekend!
If you are confused about trading, please join me, I believe you will have a great harvest!
Oil Experiences Worst Declining Week Since March Last week, oil prices suffered a significant decline, marking the worst week since March. This alarming development demands immediate attention, and I strongly urge you to consider taking advantage of this unprecedented opportunity to short oil.
The oil industry, which has been grappling with numerous challenges throughout this year, is now facing a new wave of uncertainty. The recent decline in oil prices has sent shockwaves through the market, raising concerns about the stability and future prospects of this crucial commodity. As traders, it is our responsibility to stay ahead of the curve and capitalize on these fluctuations.
By shorting oil, we can potentially profit from the ongoing downtrend and mitigate the risks associated with the volatile nature of this market. This strategy allows us to sell oil contracts at current prices, with the intention of repurchasing them at a lower price in the future. However, timing is of the essence, as the window of opportunity may be limited.
It is important to acknowledge that the current decline in oil prices is not without its reasons. Factors such as weakening global demand, oversupply concerns, and geopolitical tensions have contributed to this downward spiral. The ongoing COVID-19 pandemic, geopolitical conflicts, and the transition towards renewable energy sources further compound the challenges faced by the oil industry.
Considering the gravity of the situation, it is crucial that we act swiftly. I encourage you to conduct thorough research, analyze market trends, and consult with your trusted advisors to determine the best course of action. While shorting oil presents an opportunity, it is essential to weigh the risks and rewards based on your individual risk appetite and trading strategy.
To seize this opportunity, I recommend closely monitoring the oil market, staying updated on the latest news, and utilizing technical analysis tools to identify potential entry and exit points. Additionally, it is prudent to set clear profit targets and implement risk management measures to protect your investments.
Remember, as traders, we are constantly navigating through uncertain waters, seeking opportunities amidst volatility. The current decline in oil prices presents a unique chance to capitalize on the market's downward momentum. However, I urge you to exercise caution, conduct thorough research, and make informed decisions.
Please feel free to comment below if you have any questions or require further assistance. Let us seize this moment and make the most of this unprecedented opportunity to short oil.
Crude oil, rebound and pullback
WTI crude oil has fallen in five of the past six trading days, falling by more than 13%, giving up all gains since September. Oil prices have now fallen back to key support near $82.0. The U.S. non-farm payroll data for September will be ushered in today, and short-term fluctuations in oil prices are expected to further intensify.
Looking at the daily chart of crude oil, oil prices stopped rising at the high of 95 and entered a correction state, with the K line being negative for three consecutive years. Although oil prices have not yet fallen below the moving average system, the current mid-term objective still maintains an upward trend. But from the perspective of kinetic energy, a change occurred first, and the bears gradually became stronger. It indicates that the mid-term trend is expected to enter a large-scale adjustment pattern. The K-line fell below the support of the moving average system. The original mid-term rise ended in stages, and it is expected to usher in a larger wave of correction.
Strategy: long at 81.5, short at 82.4
USOILCrude oil prices have fallen sharply and the trend has entered a bearish adjustment phase. The price is currently around $84.00, with strong downward momentum. If the decline continues, a break above the $80.00 support is possible. For now, traders will wait for a bullish reaction near the support and an opportunity to enter long positions.
Today, focus on the support level of 80.00 below and the resistance level of 90.00 above.
Crude oil: all the way down
Through the analysis of the hourly chart of crude oil, we know that yesterday’s market rebound was unable to continue the downward trend. It has now reached the 82.3 line and has slowed down the downward trend. We can clearly see from the attached picture below that a phased bottom signal has appeared again. In the last time When it appeared, it rebounded slightly and reached the No. 2 pressure level above and then fell back. At present, the No. 1 pressure level above has in turn become the first pressure. In the short term, we will continue to focus on shorting on rallies.
Strategy: 84.1 short
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.
USOIL: Empty orders gain 10 points
The daily arrangement of 89.2 line empty, currently down 10 points, the stable can reduce the position out, the rebound of the European short position near 89.3 can continue to be empty, want to do more suggestions can pay attention to the 88.0 line support can hold, hold it is expected that crude oil is a wave of short-term rebound demand, so want to do more suggestions first pay attention to the 88.0 support break situation and then consider it, Do not break can light warehouse to do a short line, break is to give up multiple single
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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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.
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
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.