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Usoilshort

USOil Tumbles to $28: Path Predicted by Fibonacci ClusteringMy Fibonacci Clustering model reveals a potential downturn in USOIL prices to as low as $28 per barrel. This observation is rooted in the unique properties of Fibonacci sequences - their self-similar and repetitive nature often mirrors price action in a wide array of financial markets, including commodities such as oil. Historical evidence supports the plausibility of oil prices plummeting to such lows. The oil price slump of 2016, which saw USOIL drop to below $30, demonstrated how market oversupply, geopolitical tensions, and shifting energy policies can dramatically impact oil prices. Bear in mind that oil markets are influenced by a multitude of factors - supply-demand dynamics, geopolitical events, economic indicators , and even climatic conditions, among others. Thus, while the Fibonacci Clustering points to a potential downturn, this is just one piece of the puzzle.
TVC:USOILShort
by MichaelBsul
USOIL is poised to reach $71.63International oil prices were basically stable this Friday, and the U.S. index rebounded from a more than one-month low, limiting the rise in oil prices. Oil prices snapped a two-week losing streak on optimism over rising energy demand in top crude importer China. The upper pressure level of crude oil is 71.63 US dollars. The data released on Thursday showed that the number of Americans filing for unemployment benefits last week was higher than expected, and the U.S. industrial production unexpectedly fell by 0.2% in May, causing the U.S. dollar index to plummet by nearly 0.9%. However, U.S. retail sales unexpectedly rose in May, and the U.S. index rebounded after hitting a low of 102.043 since May 12 on Friday. Data released on Thursday showed that China's refinery throughput in May increased by 15.4% year-on-year, the second highest in history. The chief executive of Kuwait Petroleum Company said that China's demand for oil is expected to continue to climb at a confident pace in the second half of this year. Analysts also expect the latest production cuts announced by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) in May and further voluntary cuts by Saudi Arabia in July to support prices. Still, markets are struggling to shake the panic as the global growth outlook remains vulnerable to further shocks from aggressive rate hikes. The European Central Bank raised interest rates to a 22-year high as scheduled overnight. The Fed said this week that it will raise interest rates by at least 50 basis points by the end of the year. Higher interest rates end up increasing borrowing costs for consumers, which could slow economic growth and reduce oil demand. On the hourly chart, oil prices have started an upward trend from US$68, and the upper resistance is looking at the 100% target at US$71.63.
TVC:USOILLong
by ActuaryJ
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe oil market has experienced significant volatility throughout the week, starting with a price spike due to Saudi Arabia's one million barrel production cut, followed by a plunge in prices after the US and Iran denied a temporary nuclear deal. Despite the highly-publicized Saudi output cut, US Oil prices saw another decline at the end of last week. As we approach the May CPI reading on Tuesday, just a day before the Fed decision, expectations are high for a shift away from the rate hike campaign that began 15 months ago. It is important to note that the central bank faces a resilient US economy that continues to exhibit inflationary tendencies, despite ongoing discussions of a possible recession. How will the market anticipate and react to these upcoming high-impact macroeconomic events? This video provides a comprehensive technical analysis of USOILSPOT, focusing on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, we aim to gain insights into the potential direction of price action for USOILSPOT in the coming week. Don't miss out on this insightful technical analysis to enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve by watching this 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:Trading advice for the day EIA crude oil stocks and strategic crude oil crude oil stocks are all synchronized with the decline in API stocks. In the short term, it corresponds to the central idea of the new round of OPCE+ production reduction meeting. The pressure on the supply side has eased, but the pressure on the Federal Reserve to raise interest rates is continuous, so the crude oil trend will be very depressed. The last trading day oscillated all the way from near 71, and after the data was released, it quickly rose to near 73.1 and fell under pressure again. The short-term maintenance range is repeated, and our operating ideas will continue to be maintained. USOIL:@73.1-72.8 TP:72.5-72 If you want to make more money, come to me and let us make a profit together.
FX:USOILShort
by UnknownUnicorn55305536
1
USOil | New perspective for the week | Follow-up detailOil prices reversed on Thursday and Friday to transition into a choppy situation to the disappointment of buyers as talks to raise the U.S. debt ceiling hit an impasse. Market participants were reluctant to have open buy positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend which could result in a huge gap at the beginning of the incoming week. In this video, we acknowledged the consolidation phase (between 70 and 74 zones) - a range that will be a determinant of price action in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
Crude oil transaction analysis The U.S. debt ceiling negotiations failed to reach an agreement last week. Although they will continue on Monday, there are some concerns in the market, which put pressure on oil prices, and U.S. Treasury Yellen's speech on the possible need for more bank mergers has also increased market concerns about the banking turmoil and crisis. At present, it is already showing a weak trend, but the support of the uptrend line below is relatively speaking, and it is expected that the narrow volatility adjustment will continue in the short term. In terms of operation, we will continue to short at a high level. Trading strategy: USOIL:sell@72.7-71.7 tp71-70.7 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!
TVC:USOILShort
by UnknownUnicorn55305588
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!
FX:USOILShort
by UnknownUnicorn55305588
1
Today's crude oil trading advice On the one hand, optimistic economic data eased the demand concerns caused by the recession, and on the other hand, inventory pressure continued, leading to the current crude oil entering a contradictory stage. Yesterday's crude oil volatility can be said to be the smallest in the near future, and the market is also paying attention to the new round of guidance. usoil:sell@73-73.3 tp:72.2-71.6 If you want to get more signals, please keep paying attention to me, and I will take you to make more money and realize your dreams.
TVC:USOILShort
by UnknownUnicorn55305536
1
USOILSPOT | New perspective for the week | Follow-up detailBy the end of the previous week, the Oil prices appear to have stabilized in a trading range between 74.00 and 67.00 per barrel. Sluggish data coming in from the Chinese economic docket (the world's number one importer of crude oil) is not helping matters at all; with a 1.4% decline in imports and an 8.5% drop in export growth. The economy seems to be struggling and there are insinuations that demand for oil might also slip in the world’s largest importer of the commodity thereby prompting traders to slow down. In this video, we used the current technical setup identified on the 4H timeframe to identify potential trading opportunities ahead of the new week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
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 Accurate trading signals will be updated in real time in the follow-up, friends who need it follow me!
FX:USOILShort
by UnknownUnicorn55352658
2
Today's crude oil trading advice Recently, the market's expectations for future fuel demand have declined due to the heightened risk of the U.S. economic recession, and API and EIA inventories have rebounded by varying degrees, which further supports this expectation. However, the AIE International Energy Agency strongly supports crude oil demand, coupled with the expectation of a new round of production cuts by OPCE+, crude oil has begun to reverse repeatedly after falling. After falling as high as 70 in the last trading day, it stabilized and effectively rose, and accelerated after the EIA data, it once hit the first line of 73.2, and the short-term range has repeatedly remained unchanged, and the operation is still not too much to chase Today's crude oil trading advice usoil:sell@72.5-73 tp:72-71.5 Accurately grasp every trading signal, help friends who trust me, and realize freedom of wealth
TVC:USOILShort
by UnknownUnicorn55305536
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!
TVC:USOILShort
by UnknownUnicorn55305588
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!
TVC:USOILShort
by UnknownUnicorn55305588
1