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Thursday: Crude Oil Market Analysis and StrategyOil prices rose in Asia on Thursday, with WTI oil prices hovering around 73.6. Disruptions in Libya's top oil fields heightened concerns that rising tensions in the Middle East could disrupt global oil supplies, and international crude oil prices climbed about 3%. The two crude oil benchmark prices closed higher for the first time in five days, with WTI crude oil rising the most since mid-November. Later on Thursday, U.S. ADP employment changes and weekly initial jobless claims will be released. Traders will take more clues from U.S. employment data on Friday, including non-farm payrolls, the unemployment rate and average hourly earnings due on Friday. The daily line of crude oil closed with the Zhongyang line with a long lower shadow, and there is a high possibility of stopping the decline in the short term. The 1-hour cycle has entered the early transaction intensive area, there is the possibility of a small cycle reversal, and there is a high probability of rising within the day. It is recommended to pay attention to the first-line support of $72.20 below. Strategy reference: It is recommended to enter the market with long orders at 72.2-72.4 This is a plan ahead, more strategies are waiting for updates👇
TVC:USOIL
by Short-termTaurus
Wednesday: Crude oil focuses on 71.2/72.5 pressureOn Wednesday (January 3), crude oil prices were trading around $70.37 per barrel. As investors lowered their expectations for interest rate cuts, the dollar strengthened, putting oil under pressure. Oil prices fell on the first trading day of 2024, with international crude oil futures settlement prices falling by more than 1% as concerns that tensions in the Red Sea could disrupt supply eased. OPEC+ will hold an online meeting early next month to resume routine oil market monitoring. A person familiar with the matter said the meeting is planned for February 1. The trend of U.S. oil this week needs to be repaired and digested. The market needs to confirm the validity of last week's decline. It needs to confirm whether the 73 line can still stand firm. If it can stand firm, U.S. oil will still have expectations for a rebound in the future. If 73 cannot be recovered, then The short-term market may have variable risks. Even if it does not fall in the short-term, it will have a great impact on later emotions. Crude oil's daily closing line has a small negative line with a long upper shadow, which has fallen below important support. There is a high probability that the daily line will hit a new low. The 4-hour cycle is effective for testing the upper pressure area, and if it falls below the long-term moving average support, there is a high probability that it will continue to decline. It is recommended to pay attention to the pressure on the upper line of $71.20. Strategy reference: now 69.9, it is recommended to sell at 71.5-71.2 Planning ahead does not represent a real signal, see more signals👇
TVC:USOILShort
by Short-termTaurus
Monday. Crude oil falls under pressureCrude oil prices remained weak in Asian trading on Tuesday and are currently trading around 72.6. During the day, we will pay close attention to the US PMI to be released later on Tuesday. Later this week, the Federal Open Market Committee (FOMC) meeting minutes will be closely watched ahead of Friday's U.S. non-farm payrolls (NFP) report. The crude oil market was at 73.67 at the beginning of last week. Afterwards, the market initially rose, reaching a weekly high of 76. Then the market fell back strongly, with a weekly low of 71.05. Afterwards, the market consolidated and finally closed at the end of the week. The line was at 71.12, and then the market closed with a big negative line with a long upper shadow line. After this form ended, crude oil continued to be under pressure. In the 4-hour chart, the pressure on the 76.30 line changed and fell, and the structure fell in a wave. It is still in the rebound trend. The Bollinger Bands are running below the middle track, and the middle track 73.5 is an important resistance point. ​ Personal suggestion: short on rebound; WTI dividing line: 73.5
TVC:USOILShort
by Short-termTaurus
27 crude oil market analysis, rise or fall today?The crude oil market is currently at a crossroads, balancing geopolitical tensions in the Middle East with economic factors and policy speculation. Although oil prices fell in early Asian trading on Wednesday, they surged more than 2% earlier this week to reach their highest level this month. Inventory reports further affected the market outlook. Forecasts show U.S. crude inventories will fall by 2.6 million barrels, while distillate and gasoline inventories are expected to rise. These insights provided by the American Petroleum Institute (API) and the Energy Information Administration (EIA) are critical for traders to gauge supply levels. Yesterday (December 26) crude oil closed up. Last week, the weekly closed positive for the second week and rebounded. But whether it can continue is a question. Whether it continues to close positive this week or turns negative and falls back will determine the direction of the market outlook. The 1-hour chart tested twice near 76 and was suppressed. Today we still need to pay attention to the pressure break at the high point. It is currently rebounding, but whether it can continue further requires breaking through the resistance of 76 to open up space. Below, focus on the two previous lows of 73.2 and 72.5. If they fall below, it means the end of this stage of the rise. If you currently hold orders, you can send them to me and I will give reasonable suggestions based on the market conditions!
TVC:USOIL
by Short-termTaurus
Things to note when trading crude oil this week! Day analysiTraders this week must contend with both declining liquidity and potential tensions caused by Yemen's Houthi rebels. If the shipping crisis in the Red Sea region persists, it will not only provide some support for WTI crude oil prices this week, but also create opportunities for speculative buying. Traders will need to be cautious about risk management this week due to the Christmas holiday. WTI crude oil bears may believe that there will be a high technical reversal, and they will also pay attention to Middle East shipping news. Last week, the market fluctuated upward, and closed the positive line with a long upper and lower shadow line, indicating that the market was more volatile. However, the market is still running below the 20-day moving average, and the overall trend is still bearish. During the day, focus on the first-line pressure of $74 at the top and the first-line support of $72.0 at the bottom. At present, the technical indicators have completely turned bearish, and it is recommended to mainly go short on the rebound!
TVC:USOILShort
by Short-termTaurus
USOIL: 22/12O European market suggestionAngola said it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group's efforts to support prices by limiting global supply. In the 4-hour chart, after falling below the middle track and back-testing the lower track, it holds the sub-low and rebounds above the lower track to regain the middle track. The 4-hour chart is a rapid downward rebound, seeking support and correction, and then continuing upward. In the short term, use 73.8 as a defensive support point, and then adjust your thinking if it breaks below. But as long as the low point of the step is not broken, the trend remains unchanged. On the whole, it is suggested that the short-term operation of crude oil should focus on the first-line resistance of 76.0 at the top and the first-line support of 73.8 at the bottom. Continue to look for low prices to buy. If you want to get the latest signals, you can contact me↓
TVC:USOILLong
by ActuaryJ
USOIL: Today’s crude oil analysis summaryToday crude oil sold according to the recommendation I gave in the morning, and then fell 200pips, But it should be noted that it did not fall below the previous low. Therefore, the market outlook does not rule out another breakthrough after sideways consolidation, hitting the 76 high point I talked about on Monday and Tuesday. But no matter what, on the 4H chart and 1D chart, it can be seen that it is in the rebound trend of the downward trend, so the upper space is limited, and it is expected to be around 76, but once it returns to the downward trend, the lower space is very large. I will continue to analyze the specific market trends with you on Friday, please pay attention↓
TVC:USOIL
by ActuaryJ
Oil operation suggestions for next weekAngola may increase oil production after it withdraws from OPEC. However, good news about the U.S. economy and attacks on ships in the Red Sea caused hundreds of ships to change routes and increase delivery costs, causing oil prices to fall before the Christmas holiday weekend. Although oil prices rose about 3% this week, crude oil prices still posted their largest weekly gain in two months. Technically we see crude oil futures support at 72.5 and resistance at 75.3. This week, the 30-minute long and short trend has repeatedly appeared. Crude oil continued to fall before the close on Friday, and the short energy distribution continued to build up at $74 to suppress the market. From a daily perspective, crude oil fell in late trading on Friday, and profit-taking before holidays is a very normal operation. Judging from the current technical indicators, it has completely turned short. It is recommended to focus on rebounding and shorting! The specific direction will be decided after the market opens on Tuesday.
TVC:USOILShort
by Short-termTaurus
USOIL: The rise is blocked and will fall in the short termInternational oil prices rose. Originally affected by the increase in U.S. crude oil inventories, oil prices first rose and then fell. However, the risk of interruption of the Red Sea transportation channel still provided support for oil prices, helping to keep oil prices above the 21-day moving average. Yesterday, the market rose first and then fell as expected, reaching the upper line of 75.40 and falling back. Despite this, oil prices finally closed higher. Government data showed that U.S. inventories increased significantly and production reached record levels, exacerbating continued concerns about oversupply. The U.S. market yesterday evening The second upward attack pierced 75.3, and then it fell back and fluctuated downward to break the bottom and close. The daily line closed higher and fell back. The overall price showed a stagflation pattern above the 75 mark. Today, we can go short first and then look at the shock and fall.
TVC:USOILShort
by ActuaryJ
USOIL: It broke through 75 today and is expected to return to 80Crude oil (USOIL): Crude oil also showed the same picture as my analysis yesterday, falling first and then rising. Today's opening is at 74, with an amplitude of $3 in the morning. It's not promising, and the amplitude is smaller than gold! The daily chart has risen for five consecutive days. Visually, the downward trend has ended, and a new round of bullish trend is coming. Today it will continue to attack above 75. If it is suppressed, there will be a small downward correction in the past two days. If it directly breaks through 75 , crude oil will continue to move towards the 80 mark! ! Today we will focus on the two positions 73.5/73 below! !
TVC:USOILLong
by ActuaryJ
1
USOIL: Crude Oil Market Analysis and AdviceLooking at the four-hour trend, crude oil is still running in a downstairs structure, with the upper resistance at the 72.8-73.4 area. Only a further breakthrough can change the overall trend. However, because crude oil has a large V-shaped reversal at low levels, bulls still take the initiative in the short-term trend; the short-term watershed between long and short is $71.3, and crude oil will continue to weaken after it breaks below again. Personal suggestion: go long on the pullback; the dividing line between long and short: $71.3/barrel
TVC:USOILLong
by ActuaryJ
1
USOIL: 15/12 Analysis and AdviceIn the 4-hour chart, a consecutive positive rebound broke the weak decline and returned to the mid-track shock. Judging from the closing situation of the K line, the short-term rebound is still strong. The hourly chart rebounded based on the downward test of 67.70, and stabilized the upward trend from 69.50. The 4-hour chart reversed the weakness. In the short term, focus on the resistance of 73.50-74. Today it is recommended to go long on callbacks
TVC:USOILLong
by ActuaryJ
USOIL: Bulls are about to start With the EIA data today, the market is bound to experience significant fluctuations. From the current point of view, I think the probability of an upward trend is relatively high, so my trading strategy is to go long. During this process, since the fluctuations will be very large, you must do a good job in risk management and never let your transactions bear too much risk. Each of our transactions should involve small risks and large gains. Only such transactions will be long-lasting. Analyzing the market is a complicated matter, but if you can master a method proficiently and get it verified, your trading will become simple. I hope all my friends can profit from the market! good luck!
TVC:USOILLong
by Allen_Ex
1
USOIL: 14/12 market analysis, plans to sellCrude oil (USOIL): Yesterday, crude oil broke through the 68 area, reaching the lowest position of 67.7. Today opened at 69.8, and the amplitude of five or six dollars in the morning was not too big. It broke below yesterday, but it did not stay too much. In the evening, the decline was gradually recovered, and the daily K closed a green line. There was only one explanation given, short correction, just like the previous two days. Only after correction can the short acceleration be ushered in more smoothly! Crude oil trading signal sent later
TVC:USOILShort
by ActuaryJ
2
USOil WTI Technical Analysis And Trade Idea USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly down to as brief as 15 minutes. Expect a thorough exploration encompassing price fluctuations, market trends, trend assessments, and critical technical analysis elements. It's imperative to highlight that the insights shared here are solely for educational purposes and should not be construed as financial guidance.
TVC:USOILShort
by tradingwithanthony
USOIL: 8/12 crude oil market analysisCrude oil (USOIL): Crude oil opened at 69.7 today and rose by 7 US dollars in the morning. Yesterday, we planned to go short near the daily pressure of 70. In the afternoon, it broke through the 70.4 line and stopped falling at the 68.8 line in the evening. We successfully made a profit, but It did not fall to my ideal point of 68, but has since rebounded and returned to the 70.4 line. At the end of today's weekly line, the market has been volatile, so we have to be on guard and be more prudent in our layout. The top focus will be on the 71.2 area. After the bullish sentiment in crude oil is released, it is time for us to take action! !
TVC:USOILShort
by ActuaryJ
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
TVC:USOILShort
by ActuaryJ
Usoil:forecast Oil was supported near 72, has now risen, has broken through the downward trend, and is now in shock If the oil does not fall below the important support of 72 this week, we can be sure that the oil may have reached a phased bottom. So this week we need to pay important attention to the support strength of 72. If it falls below, the oil will look for the bottom again, and it may reach the important support of the monthly line near 68, so this week is very critical. I judge that if it does not fall below 72 this week, oil will sprint to 79.7 again. If it falls below this important support, observe the monthly support of 68-70. Pay attention to OPEC news, Saudi Arabia and Russia do not want oil prices to fall, if the oil reaches the monthly support point, you can choose to buy Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
Usoil:Waiting to choose the direction OPEC has not taken a real approach to enforce compliance with selective production cuts, and the production cuts are expected to continue until the first quarter of 2024.Since OPEC's meager production cuts of one million barrels per day are unlikely to offset the impact of the decline in global crude oil demand, it is expected that there may be an oversupply of oil in the coming months. Judging from the chart, oil is still in a downward trend, but the support below 72 is very strong, so we need to observe the support of 72-72.2 and wait for the oil to choose the direction. So you can try to buy and strictly observe the support point to make a stop loss, because it is a downtrend, you can also wait for the rebound to the resistance point to sell, so that your success rate is greatly increased Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
TVC:USOIL
by UnknownUnicorn64583787
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!
FOREXCOM:XAUUSDShort
by Allen_Ex
1