📈🛢️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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Usoilshort
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.
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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
USOILCrude oil fell below the support of 80.00. The current crude oil market is a unilateral falling market. Do not speculate on the bottom, and do not intercept the long position. A small rebound is a small short, a big rebound is a big short. Crude oil has fallen sharply and there is no bottom. Today's crude oil can continue to be short as early as 78.00. .
US Crude Oil 4H : Under sell pressure USOIL
New forecast
The price of oil continued to decline and traded in the descending channel to test the pivotal support at 82.00, and we notice that the price is consolidating below this level, which supports the chances of a rebound down again, heading towards testing the 78.64 level initially. By breaking the level of 80.56, the task will be easier for the price to head towards our main target.
Therefore, the downward trend scenario will remain effective, as long as price trade under 83.24 ,taking into account that breaking 83.24 will stop the expected rise and put pressure on the price to make an additional correction.
The expected trading range for today is between support 78.34 and resistance 83.24 until breaching one of them .
Be careful because of the war between Palestine and Israel, we may witness unexpected movements .
support line : 80.56 , 78.64
resistance line : 82.00 ,83.24
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The key to crude oil is here!
In terms of crude oil, Saudi Aramco said that the current production capacity increase is progressing smoothly. At the same time, crude oil production in Iran and other crude oil-producing countries has also rebounded to varying degrees. At the same time, there are reports that future crude oil demand is expected to decline. Both ends of supply and demand have put sufficient pressure on crude oil, coupled with the hawkish Federal Reserve. From the currency point of view, crude oil has continued to weaken recently. It broke out in the last trading day. It once fell below the 80 mark, accelerated below the previous low support near 79, and fell back to around 76.5 with inertia. It stopped falling slightly and reversed. In the short term, there is a high probability of weakness. It will continue. At the top, focus on the pressure level near 79, which is gradually moving downwards. The rebound will continue to go short. At the bottom, focus on the strong support of 74.4/73.8.
Crude oil counter-draws 78.4/5 to go short, defends 79.2, and targets below 77. It retreats to long positions near 74.7/8, defends 74, and targets above 76.
Usoil:Will it still fall?
Oil, I have been reminding that it is a downward trend. After falling below the important support of 80 yesterday, it accelerated its decline, reaching a minimum of 76.5.
Now that the trend has appeared, follow the trend and wait for the intraday rebound to sell.From a technical point of view, the unilateral suppression points of the daily line are 77.8, 78.3, 79
However, a rapid decline will definitely bring a certain rebound, so if you want to win a rebound, you can support a small amount of buying in the early stage of 76.5, because it is a downtrend, strictly set the stop loss to increase your success rate and reduce your losses.
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WTI Crude Oil achieves the new target The price of oil continues to fluctuate around the 77.83 level, waiting for a break of this level to confirm the rush towards our next targets, which start at 75.49 and extend to 73.80 as the next main stations, keeping in mind that the continuation of the bearish wave depends on stability below the 79.18 level.
The general trend expected for today: bearish
Pivot Price: 76.83
Resistance Prices: 79.18 & 80.80& 82.74
support price: 75.49 & 73.80 & 72.12
BluetonaFX - USOIL Approaching 3 Month LowHi Traders!
USOIL is slowly pulling back to its three-month low at 77.68.
Price Action 📊
The market's price action is currently bearish due to a few signs. The market recently had a trendline support momentum break after a very strong uptrend period, which has led to lower highs and lower lows. Finally, the market broke under the 20 EMA and has failed to go back above it for over a week. These signs are pointing to a possible market reversal of the bullish period the market had in August. We are now looking for a continuation down to target the three-month low at 77.68, which is where the bullish period started.
Fundamental Analysis 📰
Oil prices have started to dip even after raising tensions in the Middle East, as investors closely monitored the U.S. Federal Reserve’s monetary policy meeting and in anticipation of the US Non-Farm payrolls due out at the end of the trading week this coming Friday.
Support 📉
80.35: WEEKLY LOW
77.68: THREE MONTH LOW
Resistance 📈
84.67: 20 EMA
85.19: WEEKLY HIGH
Risk ⚠️
No more than 2% of your capital.
Reward 💰
At least 4% of your capital.
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
Trade safely and responsibly.
BluetonaFX
Crude oil latest trading strategy
Crude oil continues to sweep, and it is also a time cycle. The direction determined by the US market has the best continuity. It accelerates when it starts, and the range is around 25-30 US dollars.
The current price has formed a range similar to an open trumpet, with upper rail resistance 83.7-83.9 and lower rail support 79.0-78.8
So, for today's crude oil, we need to continue to pay attention to the opening range form and conduct sweeps. If the bottom touches the support 79.0-78.8 area, you can participate in a long order. Watch the price form a support to rise again and move around the range sweeps.
Referring to this idea, when the European market price is under pressure and falls below the low
Crude oil is long in the 79.1-78.9 area, with a stop loss of 78.4 and a target of 80.4-80.8
USOIL to find sellers close to market levels?WTI - Intraday
The AB=CD formation target is located at 70.19.
Reverse trend line resistance comes in at 83.91.
Bespoke resistance is located at 84.06.
Preferred trade is to sell into rallies.
The medium term bias remains bearish.
We look to Sell at 84.00 (stop at 85.50)
Our profit targets will be 80.20 and 79.60
Resistance: 83.91 / 84.06 / 89.83
Support: 80.19 / 77.64 / 70.19
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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US Crude Oil 4H : Under sell pressure USOIL
New forecast
The price of oil fell below the level of 82.00, which constitutes important support, to support the chances of exceeding the mentioned level and opening the way for an additional bearish correction whose next target reaches 80.56, and by breaking it, it will reach 78.64.
Therefore, the downward trend scenario will be remain valid we expect to witness further declines during the coming sessions supported by moving average 50 that is continues to support the price to decline ,taking into account that breaching 83.24 will stop the proposed downward trend and lead the price to attempt to restore the main upward trend again. so stabilized under 82.00 our targets will be activate .
The expected trading range for today is between support 80.56 and resistance 83.24 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 : 82.00 , 80.56
resistance line : 83.24 , 84.72
Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Usoil:Still weak
The oil is still oscillating repeatedly, but the resistance point above is gradually declining, so it is judged that the oil is still relatively weak today.
At present, the oil is near 81.3, and the lowest point is near 80.3. Observe the support of 80.3. You can try to buy in a small position. If the oil falls below 80, you can make a stop loss.
The upper resistance is 83.2, so you can also choose to sell above 83, control your position, and your success rate will increase.
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Usoil:The willingness to rise is still not strong
Oil reached a minimum of 80.7. Because of the rapid decline, there will definitely be a certain rebound, so today we observe yesterday's high of 83.3 and the important boundary point of 84.
Oil has fallen due to the resistance of the lower edge of VWAP, so it can be judged that the willingness of oil to rise is still not strong.
So you can choose to be at 83.3 or more gradually sold
Arrange positions reasonably according to your funds and strictly set stop losses so that your success rate can be greatly increased
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USOILUSOIL is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level.
If the sell momentum continues the next target could be 80 followed by 79 region.
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