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.
Usoilshort
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
US Crude OIL 4H : DESCENDING CHANNEL US Crude Oil
New forecast
The price of oil continued the upward push to reach the top of the descending channel and test the resistance of the descending channel at 77.20. We expect the price to continue to decline as long as it trades within the descending channel to visit the 74.41 level as a negative target and extend towards the 72.90 level again.
Therefore the downward scenario will be remain as long as price trade at the bearish channel and moving average 50 still support the price to decline , taking into account that stabilized above 78.83 will force the price to get out of the descending channel and will start a positive trades .
The expected trading range for today is between support 74.41 and resistance 78.83 .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 74.41 , 72.90
resistance line : 78.00 , 78.83
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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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US Crude Oil 4H :Under sell pressureUS OIL
New forecast
Oil trading was confined to the top of the descending channel after touching the resistance of the descending channel at 78.83, to hold below the pivotal resistance of 78.00, waiting for the price to be stimulated to resume the expected downward wave in the immediate term, whose next target reaches 77.21 and 75.70.
Therefore, the downward trend scenario will remain valid and effective for the coming period, keeping in mind that breaking 78.83 and holding above it will pressure the price to the upward corrective path again.
The expected trading range for today is between support 77.21 and resistance 78.83 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
Additionally ,Today News will affect the market .
support line : 77.21 , 75.70
resistance line : 78.83 , 80.56
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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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USOIL appears to be in a potential downtrend.Based on my analysis, there seems to be a potential downtrend in the USOIL market. However, it's essential to note that trading in financial markets involves risks and uncertainties, and any decision made should be based on a thorough understanding of one's risk tolerance and market dynamics.
The suggested take profit (TP) level stands at 76.6, while the stop-loss (SL) level is set at 80. These parameters indicate a strategy to potentially capitalize on a perceived downward movement in the market. It's crucial to emphasize that these levels are merely indicative and subject to market volatility, and they should not be considered as guaranteed outcomes.
The decision to act upon this analysis should be made cautiously, and it's imperative to conduct one's due diligence, considering individual risk appetite, financial circumstances, and market conditions. Moreover, using appropriate risk management techniques, such as position sizing and setting stop-loss orders, is highly recommended to mitigate potential losses.
Furthermore, it's important to stay updated on global events, economic indicators, geopolitical factors, and any other news or developments that could significantly impact the USOIL market. Market conditions can change rapidly, and staying informed is crucial when making trading decisions.
In essence, the idea presented here regarding a potential downtrend in USOIL is merely an observation and should not be considered as financial advice. It's always advisable to consult with a financial advisor or conduct thorough research before executing any trades or investments. Trading in financial markets carries inherent risks, and individuals should be well-informed and aware of the potential losses before making any decisions.
US Crude Oil 4H : Downtrend US OIL
New forecast
The price of oil rose during previous trading to approach the 78.00 level, reinforcing expectations of a continuation of the downward trend, and the way is open to achieving our negative targets that start at 75.70 and extend to 73.80.
Therefore the downtrend scenario will be remain valid and effective ,moving average 50 support the proposed downward trend scenario, which is organized within the downward channel that appears in the chart, remembering that stability below the 78.64 level is important to achieve the proposed goals. so stabilized above 78.64 will postponed the bearish attempts.
The expected trading range for today is between support 75.70 and resistance 78.64 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 75.70 , 73.80
resistance line : 77.21 , 78.00
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Gold crude oil operation sharing
After gold fell from 1965 to 1932, it needed a rebound with a wave structure. The target range for the rebound is the 1945-1950 area. 1950 is also the central axis position of this wave of adjustment. For today's idea, we will first rely on the 1950 position to be bearish. Below, the vicinity of 1932 and 1931 is the weekly support. This position is expected to be a game.
The support is 1932, the pressure is 1945, 1950, and the strength of the market is 1941.
Silver market analysis
Recently, silver has also entered a short position. Silver has plunged immediately. Currently, silver still has room to fall. Today’s thinking is based on the bearish trend of 22.10. Silver is currently weaker than gold, and there will be a need to make up for the decline later.
Crude oil market analysis
Crude oil cannot see a bottom signal, and the weekly line is still very short. The appearance of a cross star and a small positive line on the daily line is a sign of weakness, and it is also a signal of repair. It indicates that crude oil will need to rebound and repair later. The first pressure is to pay attention Near 77.80, go short near this position. The super pressure of this wave is near 80.00.
Operation suggestions
Gold——Short around 1950, target 1940-1931,
Silver——Short around 22.10, target 21.50-21.00
Crude oil——Short around 77.80, target 76.50-76.00
USOIL: Crude oil continues to fall
Crude oil continued to fall yesterday, from Friday to the present 4 even negative, down nearly 1000 points, yesterday's rebound space is slightly smaller, yesterday's rebound near 77.5 pressure, the European and American trading fell to a new low to 74.9, the daily line is in the bearish down, the day's rebound is the opportunity to empty, bearish not chase empty, rebound card point is the key, at present 4 hours, 77.5 is a strong pressure, short-term hourly chart, the resistance level of the medium rail is currently in the position of 76.1, the day to these two positions to rebound mainly to layout
The specific layout is as follows:
1. See 76.1 empty once for the first time, loss 0.6, the target look at 75 break below
2. See 77.3/77.5 empty at any time within the day, with a loss of 78.1, and the target at 76.1-75 break
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Usoil:Observe whether to stop the decline
The oil trend is obvious, and it continues to fall weakly, with the current lowest at 74.9
Although the oil is currently out of the downward channel, it has not confirmed whether it has reached a low point. Continue to observe the support near 73.8-74 below, and wait until the daily line stops falling or there is an upward signal to confirm.
Pay attention to the unilateral moving average suppression points of the daily cycle and the H4 cycle 78 and 76.5. Before this wave has obviously reached the bottom, you can wait for the rebound suppression point to take advantage of the trend to sell.
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Thursday: Crude oil operation sharing
In terms of crude oil, oil prices have fallen sharply for two consecutive days. When doing crude oil, you must follow the trend. The focus today is whether 75 can be held. If it holds 75, it may rebound to around 77. Yesterday, it was blocked from 77.1-3 many times and fell back. Today is the best opportunity to go short. If it falls below 75, the decline will accelerate to the 73.8-74 line. If it reaches the first time, you can consider taking a long order.
Operation suggestions:
Crude oil rebounds 77.1-3 short, defense 78, target 76.2-75.2
Go long 73.8-74, defend 73.2, target 75-76-77