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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Usoilsignal
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:Repeated shocks
Oil peaked at around 79.8 yesterday. Due to signs that tensions in the Middle East may ease and uncertainty about U.S. crude oil inventories, it fell to near 77.7 yesterday.
As can be seen from the daily line, the price has been supported and stabilized near the lower Bollinger band, and has emerged from a continuous rebound trend. Although the price fell after the increase yesterday, it did not fall below the important support position of 77.5.
So we can still choose to buy in the support range, but you need to strictly set the stop loss to prevent the oil from falling further.
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USOIL: Crude oil analysis and operation
Oil prices rose and fell, and the U.S. CPI data released in the evening showed that the annual rate of CPI reached 3.2%, the lowest since July this year, boosting market risk appetite. After the data was released, the dollar fell sharply, risk assets rebounded, and oil prices quickly pulled up from the intra-day low, but the final oil price did not hold the intra-day rise, and the intra-day rise was completely reversed after midnight from the high level! Yesterday reached the upper 79.70 line high fall, the daily line includes a small Yin line entity, after the oil price even three Yang is Yin, further indicating that the rise has come to an end, the market has entered a new trend. The pullback in oil prices late yesterday changed the previous bullish pattern, so today's trend may be volatile or down, and the probability of continuing to break is low, of course, focusing on EIA data guidance.
WTI Crude Oil Handling Recommendations:
Strategy 1: Rebound 79.5-79.2 near the short entry, stop loss 0.6 points, the target 77.6-77.8 line;
Strategy two: Callback 77.6-77.8 near multiple single entry, stop loss 0.6 points, the target 79.0-79.5 line.
Good trading opportunities within the day Additional tips!
US OilPair : US Oil
Description :
Bearish Channel as an Corrective Pattern in Short Time Frame. Completed " 1234 " Impulsive Wave at Fibonacci Level - 23.80%. Break of Structure and Retracement with Strong Divergence. Bullish Channel in STF with the Breakout of Lower Trend Line
Entry Precautions :
Wait for the Proper Rejection
USOIL: Crude oil opens upward channel
After today's CPI data was released, crude oil rose rapidly, reaching a maximum of 79.77, and then continued to reverse the increase, the current position is 78.3, below the support position of the rising channel, we can be long crude oil in this position!
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Usoil:Have reached the bottom?
As can be seen from the chart, oil has stopped falling, but it is not ruled out that it may go lower again. Today, it did not break through Friday's high of 77.7.
Today, it is necessary to observe whether the oil will fall twice. If the decline does not fall below the support range of 75-76, it can be judged that the oil may have reached the short-term bottom.
If oil breaks through 78, it can be judged that the chance of reaching the bottom is very high, and there is still room for growth this week.
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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:Waiting for direction
As can be seen from the chart, oil has now shown signs of stopping falling
If oil does not fall below 74.9 today and rises again, then it can be judged that the probability of rising next week increases. This is the short-term bottom.
If it falls below 74.9, oil may continue to fall and return to the downward trend. Observe the support strength of 73.7, 73, and 72 below.
So you can choose to buy above 74.9 and observe whether you can break through the key point of 77.3.
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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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USOIL: Oscillating operation
Today, crude oil is still oscillating between 80 and 83, and continue to pay attention to whether it breaks through this range!
Today, we are once again in the range of high short, low and long, harvested a good profit!
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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
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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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USOIL: The overall direction is a volatile trend
After yesterday's pullback, crude oil continued to rise today to near the pressure level of 83.2, peaking at 83.4, we are trading in this range, and the profit is very good!
At present, the price of crude oil is around 82.2, if you can continue to do more after encountering support, in the short term, crude oil is a volatile trend, must grasp the direction of the range before trading!
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Usoil:Not strong willingness to rise
Yesterday's decline in oil broke through the low of 82, and the lowest fell to near 81.8, but it did not fall below the important early support point of 81.2.
The current price of oil is around 82.95, you now need to observe whether the oil will be supported again, or observe the important boundary point of yesterday's decline 84
So we need to wait for the right opportunity to enter the market to improve our success rate
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Usoil:Range fluctuation
Oil is still the same as I said last week, fluctuating in the range of 82-86
As can be seen from the chart, the low point of oil is constantly moving up, and the support point is also constantly moving up, from 82 for the first time, to 82.5 for the second time, and 83 for the third time.
So it can be seen that we can still sell at the high point and buy at the low point
Now you can buy in the range of 82-82.5, or sell in the range of 85.5-86.
This strategy is still effective. Aggressive traders can buy at 83. If you break through these two ranges, you need to make a stop loss.
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OIL BULLISH TREND STILL ON !!hello friends as i can see oil has filled the last week market opening gaps and continues to up trend Israeli & palatine war had changed the USOIL moves so fundamentally + technically chart is show us more upside moves till the drawn levels
please share ur ideas and thoughts about usoil
stay tuned for more updates
USOIL: End short orders and look for support to go long
Crude oil 85.5 support line to earn the pressure line, we rely on this pressure level to continuously short the harvest of nearly 20 points of profit, the subsequent recommendation to end the short order, withdraw to 82.5-83 to convert long!
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USOIL: Crude oil opened lower
Today, crude oil opened lower, after a high of 88.1, crude oil fell in shock. Overall, crude oil is still down in the short term, the operation is recommended to withdraw to near the 85.6 support level, and the above is concerned about the resistance near 88.3-90.
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Crude oil trading tips last week
Crude oil opened at around 87.8 and ended at around 88.2 last week. The overall trend of crude oil last week was bullish. We look at the price changes of crude oil with an upward trend. We can see that the greater the downward adjustment, the more the price increases, and the objective trend enters sideways. To summarize, the current price in the sideways range is beneficial to traders, which is in line with the trend following method. We only need to buy at low points according to the overall upward trend. If the price breaks up and down, we will use the turtle trading rule.
The above is a review and analysis of last week’s crude oil trading. If you need more content, please join me.