USOIL: Continue to Go Long Next WeekHello, friends. I'm Luke, a former champion trader in multiple regions, and I'm delighted to join TradingView to share my strategies with you every day, hoping to provide assistance.
This week, I've analyzed that crude oil is expected to continue rising to the range of $78-80 per barrel. Today, it has reached a high of $77.5 per barrel, and I remain optimistic about the future upward movement of crude oil. If it retraces to the range of $73-75 per barrel, consider going long once again!
I update my market analysis daily and also send accurate trading signals within Luke's small group to help stabilize and sustain profitability in your accounts. Don't miss out!
Usoilsignals
usoil: Expected to Rise to $80 in the FutureHello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Crude oil has established a bottom around $70, and those who bought in heavily near this level have already reaped substantial profits. Personally, I anticipate oil to stabilize around $80 in the coming month, with any further declines seen as buying opportunities.
Key support levels to watch are $72-$70. Buying can be considered upon reaching this area, with target levels focused on $76-$78-$80.
I update market analysis daily and also send accurate trading signals within Luke's small group to help ensure the long-term stability and profitability of your account. Don't miss out!
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
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!
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↓
USOIL: 19/12 Today’s AdviceYesterday, the conflict in the Red Sea region of the US market escalated, and a cruise ship incident occurred, so gold and crude oil rose sharply. However, the biggest impact of this incident was on energy, and the impact on gold was limited, So, crude oil breaks through the technical suppression of the 4H mid-track and continues the upward trend.
On the weekly line, the market first fell and then rose last week and closed with a long lower shadow line and a positive line, indicating that there is some support below, and the market is more likely to rebound this week. However, the market is still below the 20-day moving average, and the overall market will still be under pressure. There is pressure at $74.61 at the top, and support at $72 at the bottom.
If you currently have an order, you can send it to me and I will give you reasonable advice based on your position!
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!
Usoil:Will it continue to fall?
The OPEC meeting originally scheduled for November 26th will be postponed to November 30th, and OPEC will change to an online meeting on November 30th, which will affect the trend of oil.
Oil has always been weak, volatile and falling
Observe the support strength of the support range 73.7-74.1 of the last rebound
If it falls below this support range, oil may reach near 72 again
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Usoil:Observe the trend line
OPEC+ will hold a meeting this weekend, and WTI oil traders will face significant risks.If more and longer production cuts are announced at the OPEC+ meeting, oil prices may pick up
As can be seen from the chart, oil has been in an upward trend, but it has not broken through the middle edge of the trend line.
So we are still waiting to fall to the support point to buy, strictly set the stop loss, and continue to observe the strength of 78.4 and 79.5 resistance, so that your success rate will be greatly improved
It can be observed that the support of the trend line is near 75.7
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USOIL: Today's analysis
Oil prices rebounded sharply on Friday, largely erasing a nearly 4% loss from the previous session as investors wavered over whether Opec would deepen its decision to cut production. Today's strong breakthrough of the first pressure level, the follow-up focus on the breakthrough of the second pressure level!
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
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.
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!
If you are confused about trading, please join me, I believe you will have a great harvest!
USOIL: Watch next week to break out of the big range?
This week, crude oil has been running between 80 and 83.2, which is in line with my previous forecast, and I have made very good profits in this range by going short on highs and long on lows. Follow-up focus on whether the yuan oil breaks through the sub-range!
If you are confused about trading, please join me, I believe you will have a great harvest!
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!
If you are confused about trading, please join me, I believe you will have a great harvest!
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 Analysis . Plan for next week.Hello Everyone. i want share my idea about USOIL.
After big and strong uptrend we saw some trend reversal change which actually was correction of price. in this week price start perfect up movement which broke some resistances and then had good reaction at the levels.
Price action is upside it has strong downside movements but with it i think they are taking liquidity and filtering Traders, at all high timeframe price action is upside and i think it will for a long time.
Here is my setup for this trade.
Open Long position - 88.28
Stop Loss - 86.30
Take Profit - 93.72
In this setup here is perfect 1:3 reward ratio but if i will be right i will wait if oil will brake weekly resistance at 95.00 i will trail my stop loss and follow trend.
Be patient!!! Manage your risk!!! Make your own research!!!
US Oil SPOT | Perspective for the new week | Follow-upThe week concluded with crude prices surging by a staggering 7%, leaving investors on edge as the Middle East crisis intensified. Israel's announcement of a ground assault on Gaza propelled the region into a new phase of heightened tensions, further fueling market uncertainty. As we look ahead to the coming week, two pivotal factors will shape the direction of oil markets. Firstly, the extent to which the conflict in the Middle East escalates and its potential impact on oil supplies in the world's leading oil-producing region. Secondly, all eyes will be on the eagerly awaited weekly update on US crude stockpiles, set to be released on Wednesday.
Notably, last week witnessed a significant surge in crude stocks, with exports experiencing a sharp decline of nearly 2 million barrels, bringing the daily average to 3.067 million barrels compared to the previous week's 4.956 million barrels. These developments set the stage for a captivating week ahead, filled with anticipation and potential market shifts. Let's explore what lies in store for us in the upcoming week.
US Oil Technical Analysis:
In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead.
Join us as we delve into a comprehensive technical analysis of the US oil market, exploring trends, key levels, and chart patterns that hold the key to unlocking profitable opportunities. Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis.
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