USOIL:Trading strategy
Yesterday, crude oil fell as I expected. As long as you followed my strategy yesterday, everyone should be profitable.
But I judge that oil will not fall directly, it will definitely fluctuate and then fall.
Oil has fallen below the rising channel, as long as the rebound does not exceed 82.5, then you can sell short
If you have enough funds, you can 81.3 Short selling, if you want to be safer, you can short selling near 82.
Usoil Today's trade building:
Usoil:sell81.3-82 TP:80.8-80.4 sl:82.5
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US OIL WTI Analysis 17Aug2023Prices move towards Fibo Extensions 1, which intersect with Fibo Extensions 1,618, and then there is currently a correction. If the Elliot notation is still appropriate, then the price should be there at this time, Wave 4. With there still being the potential for bullishness, you can find an area for Long in SND below.
USOIL:Trading strategy
Oil is currently falling below the rising channel again. If it cannot rebound above 82.3, I judge that oil will fluctuate and fall.
Usoil Today's trade building:
Usoil:sell81.8-82.4 TP:81.3-80.8 sl:82.75
If it rises to 82.7 again, then this time it will be a decline in the rise, and it will return to the rise channel again.
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The high level of crude oil encounters resistance and shocks
Crude oil prices rose and fell last week. The price hit the $85 line and then fell back. Judging from the current price trend, crude oil bulls have encountered slight obstacles, indicating that the market may start to weaken. After a wave of unilateral gains, the crude oil market was challenged at the $85 level, which may be due to a certain degree of exhaustion in the market, resulting in a small pullback. Despite market concerns about an economic slowdown, demand remains resilient, and the fundamentals of the crude oil market look much more optimistic than a month ago. At the same time, due to OPEC+ and Saudi production cuts, supply is reducing, and short-term crude oil prices may hit $85 again
Looking at the daily level, the opening of the Bollinger Bands is upward, and the price has encountered resistance near the upper track and has fallen back. The price has risen twice and failed to stand on the line of 85 US dollars. There are signs of a fall in the short term. The fall of the price is just a normal correction in the process of rising. , does not mean a reversal in direction. In the morning, the market price retreated slightly, and there is a risk of continuing to fall. In the short term, we will first see a wave of decline, and then continue to continue the upward trend. In 4 hours, the Bollinger Bands closed, and the price fell below the first-line support of the middle rail, and there is a possibility of further decline. In the short-term within the day, we need to pay attention to the support near 82.5 below. Once the price falls below this position, it is possible to step back on the first-line 81.8. In terms of thinking, let's start with a wave of price rebound, and focus on the resistance in the 82.8-83 area above.
Operating strategy: rebound in the 82.8-83 area and short, stop loss 83.4, target 81.8
USOIL:Trading strategy
Today, I expressed my point of view. The trend of oil is the same as I expected. The following is my point of view in the morning.
Oil closed up for the seventh consecutive week last week, continuing its longest streak of gains in more than a year.Because the IEA expects that the increase in global oil demand and the decline in supply will drive oil prices up, but oil will not directly continue to rise. At present, it is a volatile rise. I will continue to observe the trend of oil and share it in my channel.
If you follow me, then you have made money now.
At present, oil has fallen below the rising channel. If it cannot rise back today and tomorrow, then oil will continue to adjust
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USOIL: 14/8 crude oil analysisLast Friday, crude oil technically showed the characteristics of minor shocks, recovery and recovery. However, the price in the Asian-European trading stage then fluctuated and fell back and fell rapidly, and then stabilized and rebounded after piercing the 82.3 line. In the U.S. market in the evening, the price rose slowly to 83.7 and fell back under pressure, and finally closed around the 83 mark with shocks. The volatility throughout the day is not large, and the price fluctuates back and forth around the 82.2-83.7 range. From a technical point of view, the overall price shows a trend of finishing within a high and narrow range. Even so, the short-term trend is still suppressed by the 84 mark, and stagflation is observed in the short-term period. If crude oil prices fail to make a strong breakthrough today and reach the 84 mark, from a technical point of view, there may still be expectations of an adjustment and a fall. In the upper part, the short-term pressure area is concentrated around 83.8-84. If the market fails to break through here and stand firm, it may trigger a downward trend again, forming a trend of shocks and declines. Below, the support zone is around 81.7-81.5. In intraday trading, investors can first sell high and buy low in this range to seize the opportunity of shock operation.
Crude oil operation strategy: rebound to 83.5-83.8 short, stop loss 60pips, target below 82.0.
Crude oil operation strategy: Step back to 81.3-81.6 to go long, stop loss 60pips, target above 83.3.
USOIL:summary
Oil adjusted yesterday, but in the end it did not break the support point and returned to the upward channel again.
My forecast for next week is still mainly volatility, focusing on resistance and support points.
Reach the support point to buy up, reach the resistance point to sell down, next week I will remind everyone again how to trade according to the market trend.
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USOIL WITH PLAN WEEK : 14/18 - 18/08 ( ENG VER )USOIL is having a lot of information supporting the increase in oil prices.
Besides, Technical Development told him that the uptrend of Oil is continuing.
Chart H4 :
- Going beyond the H4 transaction boundary created a long time ago. Personally, I can see that the accumulation phase has formed. According to the Wyckoff paradigm.
- The recent H4 sessions have successfully returned to the Upper Edge Test.
- The last 2 H4 sessions, bullish candle with large volume - test backtest candle with very small volume. Seller beware!
Chart M15 :
- Finish running accumulation, go back to check LPS.
2 Areas of concern can enter orders :
- LPS: 83.
- Quasimodo region: 82.5
Summed :
BUY USOIL : 82.5 - 83
All Stoploss : 82
Target : 84 - 86 !
Good luck everyone !
Crude oil: today's trend
Crude oil may sell a lot at the moment, so the 84 line is directly empty, because crude oil has reached the top, and it is currently closing the shadow line. If the k-line can be so strong, then he must have a bad fall. It is an extremely dangerous trend, the k-line will definitely return to the moving average, empty, 84 is directly empty.
Operating strategy: crude oil 84 empty, stop loss 85, target 78
USOIL:Trading strategy
Today, the oil has been adjusting. It tested the low twice, but it did not reach the low. The short-term support point of the oil is 83.2.
At present, the oil is still in the rising channel, and you can trade around the range.
Usoil Today's trade building:
Usoil:buy83-83.5 TP:84-85
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Crude Oil Analysis TodayCrude oil tested high yesterday and fell back. First, the inertia rushed above 85.3 and was under pressure. The European and American markets oscillated and backtested and corrected. Finally, the daily line harvested the Xiaoyin K line. After the daily yang line turned to the small yin K line for correction, the current space is enough to form the top, which is only regarded as a partial callback correction. The upward trend is slowing down, and after the correction, it will regain its momentum to rise again, but it will become volatile in the short term, changing from a strong rise to a slow rise in shock. Today's weekly line ends. Pay attention to the rhythm of the short-term, it should be to step back first, then start to stabilize and slowly recover the lost ground. The 4-hour chart is in a partial correction in the rising wave, and the indicators in the attached picture are in the overbought area to be digested.
At present, the whole is running above the upward trend line, and today's short-term may step back to confirm the support of the upward trend line. The European and American markets started to rebound again. The support points are mainly concentrated at 82-81.5. There is still a certain distance at present, and of course strong corrections may not reach it. At present, it is necessary to wait for the magnitude of the correction. The main idea is to maintain the low and many positions after the backtest, but the long position should be rearranged according to the intraday pattern. After all, there has been a partial correction in the small cycle. Coupled with the closing of the week, the short-term may enter a volatile ending. In terms of operation, it is subject to the market, and the tentative thinking is to wait for the step back and then go long.
Crude oil operation strategy: SELL84.1-84.5 short, stop loss 60pips, target below 83.
Crude oil operation strategy: step back to more than 81.6-82, stop loss 60pips, target above 83.5.
The current crude oil spread is large, stop loss friends and the entry position can be set to 60pips
Crude Oil: Trend Analysis Strategies
U.S. oil first fluctuated within a very narrow range, and U.S. oil rose again wildly during the European session, and the pressure was measured above 84. Although U.S. oil is strong again, this trend is extremely abnormal, and technically does not support this extreme upward state. Instead, we should pay attention to whether the follow-up bulls can continue to provide this extreme upward momentum.
The belt continues to open upwards, and the trend of long prices has not reversed. The decline is just a normal callback. Only when it falls can it rise higher. The small Yang line with a long lower shadow line is closed. It is expected that the lower support will be strong. Short-term prices have Possibility of going higher. 4 hours, with signs of opening, the price formed a high-level shock after recovering the lost ground. It is expected that the short-term pullback will not be very strong. The lower middle track line is supported by the 81.9-82.1 area. After the price rebounds and confirms stabilization, you can place multiple orders field.
Operation strategy: callback 84.6-area short, target 84.9-85.1
81.90 and 80.90 are long respectively, with a stop loss of 70 points and a stop profit of 200 points.
crude oil analysis
Oil prices were lower on Monday after six straight weeks of gains, with WTI closing at $82.45. Pumping through a section of the Druzhba pipeline in central Poland was suspended after a leak on Saturday, though a pipeline carrying oil to Europe is expected to resume on Tuesday, alleviating concerns about tight supplies. So I analyze that oil prices will rise slightly today.
Trading Signals:
usoil:buy 81.6-81.9 tp 82.4-82.7
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USOIL:Trading strategy
The oil as a whole is still a wide range of oscillations.
Last week's rise was also caused by the measures taken by Saudi Arabia and Russia on the supply side to maintain tight supply in September and possibly even longer, and OPEC+ ministers met during the day to assess the state of the oil market or provide positive information, so in the short term, this situation of tight supply and demand growth will lead to crude oil prices. There will be no room for a big decline. Figure out the most basic factors that affect the price trend of crude oil in order to better grasp the price trend.
So this week, we are trading according to market conditions.
Usoil Today's trade building:
Usoil:buy81.6-82.1 TP:82.6-83.3
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Crude oil: high correction consolidation, short-term continued b
Crude oil prices retreated slightly. On the one hand, the suspended Druzhba oil pipeline in central Poland is expected to ease supply constraints; However, OPEC+'s production cuts continue to support the rise in crude oil prices. At the same time, the overall sentiment in the crude oil market is bullish, and there is potential for further rises after a slight retracement and stabilization of prices.
The overall upward trend is volatile. It is normal for the market to have a callback during the rising market. In the short-term, it is expected that there will be a wave of callback first, but the callback will not be too strong. Wait for the price to stabilize after the callback can be placed. The 4-hour belt closed and went flat, and the price formed a sideways oscillating trend at a high level, and the retracement was also held above the support of the middle rail. In the short term, continue to pay attention to the support of this position, which is the 81.3-81.5 area. If you hold this position, the price will be The possibility of breaking out of new highs again.
Operation strategy: call back the 80.9-81.1 area to do more, and target 82.9-83.5 to be empty
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Crude Oil: 4/8 Trading StrategiesCrude oil tested highs and fell back to lows yesterday, breaking the previous strong pattern of Lianyang. I mentioned the market after the slow rise of Lianyang, the daily line level: unilateral rise and then fall; after the oil price continued to rise, it met resistance near the strong resistance level and then fell back. The high level is similar to the "hanging man" K line followed by the big Yin line, Formed a bearish top signal, lost the 5-day moving average and 10-day moving average in a row, KDJ high dead cross, the possibility of oil price peaking in the short term is relatively high, and the market outlook is at least facing the risk of further correction. The initial support refers to the low point of July 25 near 78.27 Position, the July 13 high was supported around 77.31, and the stronger support was around the 200-day moving average of 76.59. The 38.2% retracement support of this round of rally is also near this position. If this support is lost, the market outlook will increase Bearish signal. If the oil price can hold the 200-day moving average, there is still a chance for the oil price to fluctuate higher in the middle line; in the short term, the initial resistance refers to the 80 integer mark, and the resistance of the 5-day moving average is currently around 80.71. If oil prices can quickly break through resistance near the overnight high of 82.40, it will add to the bullish signal in the market outlook.
Crude oil operation strategy:
Rebound to 83-83.2 short, stop 83.7., below the target 81.2.
Step back to 80.7-80.9 to do more, stop loss 80.2, above the target 82.2.
Crude oil analysis, today's long-short range is 81.2~78.2
International oil prices rose to a new high in more than 3-1/2 months yesterday, as API crude oil inventory data showed strong demand in the world's largest energy consumer, the United States, although demand concerns elsewhere limited gains. The latest data from the American Petroleum Institute (API) showed U.S. oil inventories fell by 15.4 million barrels in the week ended July 28, compared with analysts' expectations for a drop of 900,000 barrels. Official U.S. Energy Information Administration (EIA) data released on Wednesday matched that trend and will mark the biggest draw in U.S. crude inventories since 1982. Crude stockpiles elsewhere have also begun to decline as demand outstrips supply, while supply is constrained by sharp production cuts by Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), supporting prices. Saudi Arabia is expected to extend its current voluntary output cut of 1 million barrels per day over the weekend for another month until September.
The daily level of crude oil rose unilaterally, and there is still a chance to go higher in the short term. Continue to pay attention to the resistance around the high point of 82.61 on January 23 and the high point of April 83.51. If the resistance around 83.51 is effectively broken, it is expected to open a new upward channel in the middle line , The midline target is expected to look around the 90 mark.
Crude oil operation strategy: rebound to 80.8-81.2 empty, stop loss 81.5., below the target 79.
Crude oil operation strategy: step back to 78.2-78.5 to do long, stop loss 77.8, target above 80.
Crude oil: Crude oil unexpectedly fell, but there is still a new
From the online point of view, there are signs of closure. The price has retreated sharply after encountering resistance near the upper rail. At present, it can only be regarded as an adjustment during the previous rise. The price will not just go down directly. It is expected that the short-term will be around 80 The dollar is consolidating around. With an opening in 4 hours, a big negative line directly fell below the first-line support of the middle rail, and it is currently stabilizing near the lower rail. The short-term price may test the low point again. It is necessary to pay attention to the support at this position. If it can be held, the short-term price will go up There will be a chance to rebound again. The operation idea is to look at a wave of rebound after the price retreats and stabilizes.
Operation strategy: call back the 78.3-79 area to do long, stop loss at 78.4, target 80.5 and directly empty
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Exciting Opportunity: Dive into Today's Oil Price Dip! Before we dive into the details, let me shed some light on the recent price trend that led us to this thrilling moment. Over the past few weeks, we've witnessed a remarkable surge in oil prices due to hedge fund short coverage. This upward momentum has created a buzz among traders, and rightly so. But today, my friends, we have a unique chance to ride the wave in the opposite direction.
With oil prices decreasing today, it's time to seize the moment and make the most of this incredible buying opportunity. The recent fluctuations have set the stage for potential gains, and it's up to us to jump in and make the most of it!
Here's your call to action: Consider adding to your portfolio by buying into the dip in oil prices today. This drop provides a fantastic entry point for those who missed out on the previous rally or those looking to maximize their profits further. By taking advantage of this dip, you position yourself strategically to reap the benefits when the market inevitably rebounds.
Remember, successful trading often involves identifying opportunities and acting swiftly. Today's oil price dip represents precisely that - a golden opportunity that shouldn't be missed. So, gear up, get excited, and make the most of this thrilling moment together!
If you have questions or need assistance executing your trades, please don't comment away.