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Usoilshort

USOIL: EIA data, bears Last week's API data showed a very large gap between the expected value and the announced value, but the market reaction was not so large. It should be due to doubts about the data. In addition, the crude oil volume announced today is bullish for the market. So although today's API crude oil inventory data is bearish for the market,but the market rallied. Now we come to the resistance level near 76. If you judge from the perspective of data trading, you cannot rule out the possibility of tempting bulls, because usually the probability of EIA and API moving in the same direction is very high, so for EIA, short selling should be safer.
TVC:USOILShort
by Allen_Ex
Oil Slides Amidst Weaker China Economic Data China plays a significant role in the global economy, and any fluctuations in its economic performance can have far-reaching consequences. The recent release of weaker-than-expected economic indicators from China has raised serious concerns about the country's economic health. These indicators include a slowdown in industrial production, declining retail sales, and decreased fixed-asset investments. Given China's status as the world's largest importer of oil, any economic downturn in the country is likely to directly impact oil demand and prices. We have already witnessed a significant oil price slide due to this unsettling news. The market sentiment has become increasingly bearish, and we must approach our oil investments cautiously during these uncertain times. Therefore, I strongly encourage you to hold off on any immediate oil investments until we gain further clarity on the situation. It is essential to closely monitor the developments in China's economic landscape, as well as the subsequent impact on global oil demand. By exercising patience and prudence, we can avoid potential losses and make more informed decisions when the time is right. In the coming weeks, I will closely monitor the market and keep a keen eye on China's economic indicators. I will keep you updated with any significant developments that may impact our investment strategies. Additionally, I urge you to stay informed through reliable sources and expert analysis to ensure you are well equipped to navigate these challenging market conditions. Please remember that our primary goal is to protect our investments and maximize returns. We can safeguard our portfolios from unnecessary risks by adopting a cautious approach and refraining from impulsive oil investments.
TVC:USOILShort
by bryandowningqln
Potential Decline in Brent Crude Oil MomAs you may be aware, technical indicators such as the Moving Average Convergence Divergence (MACD) and Stochastics have been widely used by traders to gauge market sentiment and identify potential trend reversals. In the case of Brent Crude Oil, these indicators indicate a possible decline in momentum. The MACD, a trend-following momentum indicator, shows a bearish crossover, suggesting that the short-term moving average is crossing below the long-term moving average. This occurrence is often seen as a signal for a potential downward trend. Similarly, the Stochastics oscillator, which measures overbought and oversold conditions, indicates that Brent Crude Oil is approaching overbought levels, implying a possible price correction. While it is important to note that technical indicators are not infallible and should always be used with other fundamental and technical analysis tools, converging these signals warrants careful consideration. Monitoring the market closely and exercising caution in trading might be prudent. It is worth mentioning that various factors can influence the oil market, including geopolitical events, supply and demand dynamics, and global economic conditions. Therefore, it is crucial to maintain a comprehensive approach to trading and consider multiple perspectives before making any significant decisions. Please note that this idea is intended to serve as an observation and should not be considered financial advice. As a seasoned oil trader, I trust your expertise and judgment to evaluate the situation and make informed decisions accordingly. If you have any questions or want to discuss this matter further, please do not hesitate to reach out in the comments.
OANDA:BCOUSD
by bryandowningqln
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsOil prices soared to their highest level in nine weeks, setting the stage for a potential breakout to the upside and igniting hopes of an uptrend continuation. This surge comes against the backdrop of a weaker dollar, which hit a two-week low following robust U.S. jobs report that reinforced expectations for further Federal Reserve rate hikes. The rally in prices was fueled by a combination of supply concerns and technical buying, which offset worries that additional rate hikes might impede economic growth and dampen the demand outlook for oil. In a significant development, top oil exporters Saudi Arabia and Russia announced fresh output cuts last week. These cuts, in conjunction with reductions by OPEC+ (the Organization of the Petroleum Exporting Countries and its allies), now total approximately 5 million barrels per day (bpd), accounting for around 5% of global oil demand. It's important to note that a weaker dollar makes crude oil more affordable for holders of other currencies, potentially boosting oil demand. In this video, I present a comprehensive technical analysis of USOILSPOT, with a specific focus on key supply and demand zones within the Daily and 4-hour timeframes. By closely examining these critical indicators, our aim is to provide valuable insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this invaluable technical analysis, which will enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve and gain a competitive edge by watching the video now! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
USOIL:I think it will fall first and then rise Dear trader, I think crude oil will fall first and then rise, what do you think? Crude oil has been in a fluctuating upward trend recently, and it is possible to end the wide fluctuations that lasted for more than two months. The main trend is still low bullish mentality trading At present, you can go short first, and then go long The specific strategy is: buy short around 75, tp73.5-74 After going flat, buy long positions near 73.5, TP75-76 If you agree with my point of view, welcome to follow TVC:USOIL BLACKBULL:USOIL.F FX:USOILSPOT
TVC:USOILShort
by Gina-lovestotrade
Crude oil has shown a strong rise, short-term focus on 74.3 suppLooking at the daily level of crude oil, the Bollinger Bands open upward, and the price breaks through the resistance on the upper track. The bullish trend is clear. Short-term operations and other callbacks enter the market, following the trend. In the 1H chart, the Bollinger Bands continue to open upward, and the opening price of the Asian market rose. Going out of the recent new highs, in the short-term within the day, pay attention to the support in the 74.3-74.5 area below, and wait for the callback to stabilize before you can place more orders. Operation strategy: wait for the opportunity, go long around the callback 74.3, otherwise give up its trade
TVC:USOILLong
by ActuaryJ
USOIL: Intraday crude oil analysis, is the retracement an opportThe overall trend of crude oil was strong yesterday, and it was a slow rise. Although the volatility is not large, the trend is obvious. A hammer line is charged on the daily line, and the price is running above the moving average. As long as the MA10 is not broken, the oil price will continue to strengthen. So the overall idea today is to look at the strength above 70, but since the bottom retracement point is at 69.7, then if we synthesize it within the day, the strength above 69.6 will remain unchanged. The bullish point focuses on the upward trend of 70~70.2, the lower point is 69.6, and the target is above 71.4 (personal opinion, not as an actual operation signal)
TVC:USOILLong
by ActuaryJ
1
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsGet ready for an exciting dive into the world of oil markets! As we kick off the bullish messaging from Saudi Arabia and other oil producers, we have an important event on the horizon. The July 5-6 seminar will bring together oil industry CEOs and energy ministers from OPEC - the Organization of the Petroleum Exporting Countries. OPEC+, which includes Saudi Arabia and Russia among its allies, holds the reins of over 40% of the world's oil supply. The bull thesis for oil in the second half gains strength as expectations rise of significant production cuts by major player Saudi Arabia. The goal? To push Brent prices above $80 per barrel and U.S. West Texas Intermediate to a minimum of $75. Saudi Arabia, at the forefront of OPEC+, has already announced three production cuts since October, theoretically eliminating 2.5 million barrels per day from their output. As a result, their production in July is expected to hover around 9 million barrels per day. However, despite these announcements, crude prices have experienced only fleeting rallies. Rate hikes by the Federal Reserve and other central banks have emerged as major factors, causing concerns over a global economic slowdown that could impact energy demand. Now, the crucial question arises: Will the bullish sentiment prevail as global travel rates are projected to surge in July and August? This surge could potentially lead to a critical shortage of crude oil for U.S. refineries, especially considering the intentional reduction in oil supply from the Saudis to this particular destination. Furthermore, unless extended, the weekly sales of crude from the Strategic Petroleum Reserve will come to a halt, removing one of the tools employed by the Biden administration to keep prices in check. In this video, I present a comprehensive technical analysis of USOILSPOT, focusing on key supply and demand zones within the Daily, 4-hour, and 1-hour timeframes. By closely examining these indicators, our goal is to provide valuable insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this invaluable technical analysis that will enhance your understanding of the future trajectory of USOILSPOT. Stay one step ahead of the curve by watching the video now! Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
FX:USOILSPOT
by darcsherry
1
USOIL: crude oil low long high short strategyCrude oil first fell and then rose on Wednesday. The drop of 67 was blocked and then fluctuated upward. The EIA data was bullish. The oil price broke through 69 and reached a maximum of 69.7. Today, let’s see if 70 can break through, and then look around 72 after breaking the position. At the top, focus on 70.5, the hourly line, 69.7 is blocked and there will be a short-term callback, and at the bottom, focus on 69 and 68. long high short
TVC:USOILShort
by ActuaryJ
1
USOIL: 70-line long-short competition, today's analysisToday is the weekend and the last trading day at the end of the month, and the volatile market will be relatively large in the future But I predict that there is a high probability that oil prices will stabilize at $70 today Analysis: At present, continue to pay attention to the middle track of the hourly line. As long as this position is not broken or the big Yin line is lost, the shock will continue to rebound. Channel guidance, the upper track can point to 71.4; next, pay attention to 70. I have not been able to stand on it effectively in the past few days. Is an opportunity to continue bullish; there is such a trend now Let’s talk about the small probability event. The oil price stepped back on the 69 line and touched the bottom channel line. After adjustment, it is pulling up. Since today and Friday will be affected by a lot of unstable data, it is best not to save the crude oil position reduction operation until next week!
TVC:USOILLong
by ActuaryJ
Oil Price Plummets Below Moving Averages - Exercise Caution!It has come to my notice that the price of oil has continued to drop below the crucial moving averages of both the 50-day and 200-day periods, indicating a potentially worrisome trend. As seasoned oil traders, we know moving averages impact market sentiment and price action. The fact that oil prices have fallen below these key indicators indicates the growing bearish sentiment surrounding the commodity. Therefore, it is crucial that we exercise caution and closely monitor the situation to protect our investments. The ongoing decline in oil prices below these moving averages suggests that the market faces significant challenges. Factors such as global economic uncertainties, geopolitical tensions, and the persistent oversupply of oil have contributed to this downward trend. We must consider these factors and their potential impact on our trading decisions. Considering these developments, I strongly recommend refraining from making substantial investments in oil until we witness a clear and established return in demand. While taking advantage of lower prices is tempting, it is equally important to remember that the current market conditions are volatile and unpredictable. We must prioritize capital preservation and avoid unnecessary risks. As fellow oil traders, it is our best interest to stay informed and make informed decisions based on reliable market indicators and trends. I encourage you to closely monitor the market and seek expert opinions before significant trading moves. By doing so, we can mitigate potential losses and position ourselves for better opportunities when the market stabilizes. Please remember that this is a cautionary note, not financial advice. Each trader should evaluate their risk tolerance and make decisions accordingly. I am confident we can successfully navigate this challenging period with careful analysis and prudent decision-making. Let us stay connected and support each other during these testing times.
TVC:USOILShort
by bryandowningqln
USOIL MAKE VIEW POSITIVE / VKINGOn July 4, 2023, the US Oil (USOIL) commodity was observed on TradingView using a 5-minute time frame. USOIL is a popular instrument for traders and investors to speculate on the price movements of oil. The 5-minute time frame allows for a more granular analysis of price action, enabling traders to capture short-term opportunities and make informed trading decisions. During the specified time frame, several factors influenced the price of USOIL. It is important to note that oil prices are influenced by a wide range of fundamental, geopolitical, and economic factors. These include supply and demand dynamics, geopolitical tensions, global economic growth, weather events, and government policies, among others. Analyzing the 5-minute chart, traders would have observed various price patterns and trends. Candlestick patterns, such as doji, hammer, engulfing patterns, and others, can provide insights into potential reversals or continuation of trends. Support and resistance levels are also crucial indicators for traders, helping to identify potential entry and exit points. In terms of technical indicators, traders may have used various tools to analyze the price action of USOIL. Common indicators include moving averages, relative strength index (RSI), stochastic oscillator, and volume analysis. Moving averages help to identify the direction of the trend, while RSI and stochastic oscillator indicate overbought or oversold conditions. Furthermore, traders might have monitored news releases and events that could impact the oil market during this specific time frame. Important economic data, such as crude oil inventories, production reports, and geopolitical developments, can cause significant volatility in oil prices. By staying informed about such events, traders can anticipate potential price movements and adjust their trading strategies accordingly. Risk management is a vital aspect of trading, and it applies to USOIL trading on a 5-minute time frame as well. Traders must establish stop-loss orders to limit potential losses and implement proper position sizing techniques. This helps to protect capital and manage risks effectively. It is worth mentioning that trading on a 5-minute time frame requires constant monitoring and quick decision-making. The rapid price fluctuations in such short intervals can lead to both opportunities and risks. Traders need to be disciplined, focused, and adaptable to react promptly to changing market conditions. In conclusion, analyzing USOIL on TradingView using a 5-minute time frame on July 4, 2023, involved studying various price patterns, technical indicators, and fundamental factors. Traders aimed to capitalize on short-term opportunities by identifying trends, support and resistance levels, and using technical indicators to gauge market sentiment. By closely monitoring news releases and managing risks effectively, traders can increase their chances of success in the fast-paced world of USOIL trading on a 5-minute time frame.
TVC:USOILLong
by v_king_x