USOil:Profit realized by shorting on reboundsOn Thursday, crude oil dipped and then rallied towards the end of the trading session, reaching a low of around 69.1. Today, it rebounded to around 69.8 and then started to decline. The short-selling strategy implemented in the morning resulted in a profit.
Next, attention should be paid to whether the upper resistance level of 70 can be broken through. If it cannot be broken through in a short period of time, consider shorting again during the subsequent rebound.
USOIL Trading Strategy:
Sell@69.7-70
TP:68.5-68
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Usoilsignals
USOIL:Pay attention to the short-term adjustmentCurrently, in the 4-hour time frame, the crude oil price is temporarily maintaining a high-level oscillatory consolidation. However, after consecutive periods of oscillation, there are signs that the technical pattern is gradually weakening. The short-term moving averages are beginning to gradually turn downward and diverge, and the K-line is starting to be under pressure from the short-term moving averages, maintaining a slightly weaker operating trend. It is believed that there may still be a certain room for adjustment in the short-term trend. In terms of trading operations, consider the short position opportunity around 69.7-70.
USOIL Trading Strategy:
Sell@69.7-70
TP:68
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USOIL:It's time to go shortRecently, the WTI crude oil has been on a continuous upward trend with fluctuations. The current intraday price has reached a three - week high. At present, the long - position sentiment in the market is greatly influenced by the fundamental news, mainly due to the intensified U.S. sanctions on Iranian energy and the ineffective implementation of the 30 - day cease - fire agreement between Russia and Ukraine.
Today's trading strategy: Focus on shorting at high levels. Currently, the price has a firm support at $69. Observe whether it can reach the resistance range of $69.5 again. If it breaks through the upper level, look at the important psychological resistance level of $70. Select to short again within the range.
USOIL Trading Strategy:
Sell@69.5-70
TP:68-67
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USOil:When to short at high levels?During the evening session yesterday, the price of crude oil surged again, reaching the resistance level of 69.5 per barrel in the session. However, after encountering resistance, part of the bullish momentum took profits and fled the market, causing the price to decline slightly to the support level of 69 per barrel without further drops.
After today's opening, the bullish momentum is obviously insufficient, and the price has not risen further, showing a downward extension trend.
Today's trading strategy: Focus on taking short positions at relatively high levels. Currently, the support at 69 per barrel is relatively solid. Observe whether the price can reach the resistance range of 69.5 per barrel again. If it breaks through upwards, look at the important psychological resistance level of 70 per barrel. Choose to take short positions again within the range of 69.5 - 70 per barrel, with the target price at $68 per barrel. Participate with a small position.
USOIL Trading Strategy:
Sell@68.5-69
TP:68-67
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USOil:Wait for rebound to shortThe market movement on Friday was not significant. The intraday high was reached at the opening in the morning, hitting a peak of $68.65, while the low was at $67.65. The maximum intraday fluctuation was just $1, and the price trend showed a shallow V - shape. Considering that Trump is bound to end the Russia - Ukraine conflict over the weekend, crude oil will likely remain bearish in the short term. Therefore, today's market is generally expected to rise first and then decline under pressure again.
USOIL Trading Strategy:
Sell@68.5-69
TP:67-66
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USOIL: Trading Strategy for Next WeekThe recent market of USOIL has been relatively stable, consistently trading below $68.5. In next week's trading, it is necessary to focus on whether an effective breakthrough of $68.5 can be achieved. This level is the demarcation point between bullish and bearish trends. If an effective breakthrough can be made, USOIL is expected to return above $70 again.
Pay attention to the key support below at $65 - $66. When it reaches this area, you can start buying and wait for the price to rise.
USOIL Trading Strategy for Next Week:
usoil buy@65-66
TP:67-68.5-70
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USOIL: Will oil prices continue to fall? Can I buy it?Dear trader friends, are you still curious whether you can buy USOIL or continue to short USOIL? Listen to Jack's opinion.
From the perspective of oil trends, it is still in an overall downward trend. USOIL is currently priced at 66.2 (based on Tradingview). From the news perspective, the short-term supply line has been blocked, which may cause an increase in oil demand and oil prices. Combined with the four-hour USOIL, a double bottom structure is formed. Therefore, the short-term comprehensive assessment is mainly buying, and attention is paid to whether the price of 67 can stand firm in the market. If the position of 67 stands firm, a rebound climax of 68-68.5 will be formed in the short term. Focus on the release of the "non-agricultural data" tomorrow.
Personal thoughts, for reference only. If you follow my signals or refer to my suggestions, remember to pay attention to the real-time notifications within the analysis circle. Convenient for subsequent operations or closing positions.
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USOIL (WTI) HELLO TRADERS
As i can see usoil has successfully tested a strong weekly and daily based support chart is crystal clear for a technical analysis our risk reward is great on this setup friends its just a trade idea share ur thoughts with us and do a proper search befor taking any trade
Stay Tuned
Today's crude oil trading strategyCrude oil Today's ’U.S. EIA crude oil inventory for the week to September 27th' data is sharply bearish on crude oil!
In addition, OPEC stated: the three countries have confirmed their compliance with the production reduction compensation plan, and the production reduction compensation is equivalent to a slow increase, so it is difficult for the added crude oil to rise!
Therefore, crude oil is still mainly shorted!
Today's crude oil trading strategy: short the market near 70.6, 71 increase the position operation
WTI USOIL Buying Opportunity HYELLO FRIENDS as i can see us oil is trading in uptrend channel and now testing a strong support zone its a great opportunity to buy us oil till design TP today crude oil inventories can boost this trade idea its just an idea share Ur thoughts with us it helps many other traders
USOil WTI Technical Analysis and Trade IdeaThe current USOil chart exhibits clear signs of price overextension, with the asset pushing into a critical resistance zone. Given this technical setup, a retracement appears probable. My strategy involves seeking a long entry, but only if the price experiences a pullback to the key Fibonacci retracement levels, specifically targeting the 50% to 61.8% zone.
It's crucial to contextualize this analysis within the broader macroeconomic landscape. The recent Bank of Japan rate hike has injected significant volatility into global markets. We must anticipate and account for potential continuation of these heightened volatility conditions, as they could materially impact price action and risk management parameters.
This technical and fundamental confluence presents a compelling setup, but as always, proper risk management is paramount. Traders should conduct their own due diligence and consider their individual risk tolerance before executing any positions.
Disclaimer: This analysis is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to enter any specific trade.
8.14 Crude Oil Trend AnalysisShort at 80 points
Last week I predicted that the oil price would reach 80. As I expected, the oil price peaked at 80.58 and then fell back to around 78.4.
The panic in the stock market last week led to a large sell-off of crude oil, which also gave us a good opportunity to enter the market. The oil market ignored the tension in the Middle East. Now the situation in the Middle East has been repositioned and the oil price has returned to 80. This prediction went very smoothly.
My personal suggestion is "Profit-taking Exit"
Although the situation in the Middle East is not very clear, it has not yet reached an uncontrollable situation. Now is a good time to exit.
When the market is in panic, it also brings opportunities for traders to enter the market. I wonder if you have seized this opportunity.
8.6 Long-term trend of oilAs the stock market fell last Friday, traders in major markets chose to sell a large number of transactions. Crude oil was of course not immune, causing a rapid drop in prices. Compared with the oil price in July, it fell by $10 and now fluctuates around $73. Everyone is worried about the US economic recession, but at the same time ignores an important information, which is the great geopolitical tension in the Middle East. Once the situation escalates, crude oil will rise sharply again. It is also a buying opportunity now. If you are a long-term investor, then you might as well take a look at the option spread after expiration throughout August. I personally expect it to be between 78 and 80. Of course, this is also a risky pre-evaluation. There are risks in entering the market, so please be cautious.
Crude oil market analysisMarket performance
Freight rates rose in March and calmed down in May. In June, freight rates from the Middle East to China fell by 0.5 yuan month-on-month. July was also sluggish. At the same time, the gross profit margin of refining fell by 10-30% year-on-year, affecting the enthusiasm of refineries to purchase crude oil.
Market risk analysis
The US election may affect energy policy. The Democratic and Republican parties have different energy policies. In addition, the US Meteorological Corporation predicts that there will be 25 storms in the Atlantic this year, which may affect oil production and transportation
To sum up, my personal analysis shows that the crude oil market will remain low in the second half of the year.
USOIL(WTI), SHORTUSOIL(WTI) in the early month of June made gains in a localized ascending channel since 4th Jume from $72.497 to $78.98 but the $79 price remains a strong resistance to the price ascension.
As long as $79 and $78.55 remains resistance, USOIL (WTI) could fall to the $76.5 with potential further extension of the losses to $75 in the coming days.
Resistance 1: 78.95
Resistance 2: 78.54
Support 1 : 77.3
Support 2 : 76.5
Support 3: 75.0
OIL: Descending channel, sell on highsCrude Oil Technical Analysis
Daily resistance is 79.7-83.6, support below is 76.8-75
Four-hour resistance is 78.6-79.7, support below is 76.8
Crude oil operation suggestions:
Last Friday, the overall oil price fell under pressure from the 79.9 mark. The overall price appeared to be suppressed and encountered resistance at the 79.9 mark. There is still room for decline in the short term. Today, the upper resistance will focus on the hourly top-bottom transition level around 79-78.8. The intraday rebound will rely on this position to continue to be bearish. . The lower target level still focuses on new lows, and the short-term weak short-term dividing line focuses on the 79.7 mark. Before the daily level reaches this position, continue to maintain high price short selling.
SELL:78.8near SL:79.1
SELL:79.7near SL:80.0
Technical analysis only provides trading direction!
USOIL BUYING MORE TILL HIT 123$ HELLO FRIENDS
As I can see USOIL has Break the triangle zone and now trading above 80$ as we said in our previous analysis, we are more bullish on Gold with Technical and Fundamentals views as we all know the War is still going on and US Gov supporting all his allies with billions of $ and there is no Ceasefire in near term. Iran is now entered in this War Plan which is not good for Commodities and Energy sectors.. Investors always look for safe haven in these term and conditions inflation to 2% is now seems a hard Goal. OIL Supply and Demand can creat volotility in markets as we can see Asian regions higher Demand
Friends if we see technically view on USOIL we can see oil breakout on Triangle Zone on Daily Chart and looking for more bullish moves. Time Depends
Friends its just an trade idea share Ur thoughts with us it helps many other traders.
Stay tuned
USOIL: Take profit on buy orders
In the plan given yesterday, we bought 2lots near 85.6, made a profit of 50 points and continued to hold it to TP position, making a total profit of 160 points. Congratulations to the friends who followed!
Trading is how to protect profits and reduce losses of the game, need to follow the friends can join my channel!
Don't sell oil easily. Very risky
The trading opportunities for oil are not very big at present, but mainly fluctuate within a narrow range. After the news boosted strength. The price is still fluctuating around 81. I made a profit by buying oil prices around 80.7 in the morning, and the U.S. market is about to begin, judging from the 1-hour trend chart. The trend is still mainly bullish. MA is also supported.
If the U.S. market falls back around 80.7, I think there is still a chance to buy, and we will trade based on the timing and conditions.
Crude oil trading analysis
Crude oil trading analysis
The oil market was mixed and volatile last week. The Red Sea shipping crisis has drawn attention, while an increase in demand forecasts from the International Energy Agency has also caused market volatility. Although WTI crude oil futures fell slightly, the overall trend showed a weekly increase of more than 3.88%.
International Energy Agency forecasts show that global oil demand will continue to increase until 2024. However, the agency also warned that if OPEC+ countries continue to cut production, it may lead to supply shortages. In addition, geopolitical factors and central bank monetary policies will also have an impact on future market trends.
Currently, crude oil prices are now at $81.4 and encounter two resistance levels of $81.7 and $82.5. If these levels are touched on the day, short positions can be made at high prices.
At the top, pay attention to the resistance at $82.0-$82.5, and at the bottom, pay attention to the support at $80.0-79.5.
Today's short-term recommendations are mainly short selling at high prices.
I will share trading strategies and trading ideas every day. Follow me in the channel at the bottom of the article to get detailed trading signals. I hope that with my help, everyone can make huge profits!
USOIL Oil holds steady around $80.60 area, just below the YTD peak touched on Thursday
West Texas Intermediate US Crude Oil prices oscillate in a narrow range, just above mid-$80.00s during the Asian session on Friday and remain well within the striking distance of the highest level since November 6 touched the previous day.
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.