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Latest crude oil signal analysis Crude oil medium-term pullback sorting, after the decline began to fluctuate up, the current crude oil to around 74.8, it is expected that crude oil will return to the trading intensive area around 75.5-76.1, the lower 73.8 support is still valid, the upper focus on resistance around 76.1, trading options between 74.3-77, guaranteed to get a good profit Crude Oil Personal Trading Strategy: USOIL sell@74.1-74.5 tp:75.5-75.9 Join me for more free accurate trading signals
FX:USOILLong
by UnknownUnicorn58713786
1
USOIL: EIA data, bears Last week's API data showed a very large gap between the expected value and the announced value, but the market reaction was not so large. It should be due to doubts about the data. In addition, the crude oil volume announced today is bullish for the market. So although today's API crude oil inventory data is bearish for the market,but the market rallied. Now we come to the resistance level near 76. If you judge from the perspective of data trading, you cannot rule out the possibility of tempting bulls, because usually the probability of EIA and API moving in the same direction is very high, so for EIA, short selling should be safer.
TVC:USOILShort
by Allen_Ex
USOIL:Long/short switch, gain 35 points Hesitating the fake news of today's morning session, which led to a sharp rise in crude oil and then a rapid decline, we also successfully made a short conversion and harvested a profit of nearly 35 points. At present, crude oil is consolidating around 74.1, and it has not broken down, indicating that the pressure near 74 is very strong, and it also gives us a good opportunity to do more! Join me and don't let hesitation and procrastination affect the speed at which you make money!
TVC:USOILLong
by HectorBrown1
Oil Slides Amidst Weaker China Economic Data China plays a significant role in the global economy, and any fluctuations in its economic performance can have far-reaching consequences. The recent release of weaker-than-expected economic indicators from China has raised serious concerns about the country's economic health. These indicators include a slowdown in industrial production, declining retail sales, and decreased fixed-asset investments. Given China's status as the world's largest importer of oil, any economic downturn in the country is likely to directly impact oil demand and prices. We have already witnessed a significant oil price slide due to this unsettling news. The market sentiment has become increasingly bearish, and we must approach our oil investments cautiously during these uncertain times. Therefore, I strongly encourage you to hold off on any immediate oil investments until we gain further clarity on the situation. It is essential to closely monitor the developments in China's economic landscape, as well as the subsequent impact on global oil demand. By exercising patience and prudence, we can avoid potential losses and make more informed decisions when the time is right. In the coming weeks, I will closely monitor the market and keep a keen eye on China's economic indicators. I will keep you updated with any significant developments that may impact our investment strategies. Additionally, I urge you to stay informed through reliable sources and expert analysis to ensure you are well equipped to navigate these challenging market conditions. Please remember that our primary goal is to protect our investments and maximize returns. We can safeguard our portfolios from unnecessary risks by adopting a cautious approach and refraining from impulsive oil investments.
TVC:USOILShort
by bryandowningqln
Potential Decline in Brent Crude Oil MomAs you may be aware, technical indicators such as the Moving Average Convergence Divergence (MACD) and Stochastics have been widely used by traders to gauge market sentiment and identify potential trend reversals. In the case of Brent Crude Oil, these indicators indicate a possible decline in momentum. The MACD, a trend-following momentum indicator, shows a bearish crossover, suggesting that the short-term moving average is crossing below the long-term moving average. This occurrence is often seen as a signal for a potential downward trend. Similarly, the Stochastics oscillator, which measures overbought and oversold conditions, indicates that Brent Crude Oil is approaching overbought levels, implying a possible price correction. While it is important to note that technical indicators are not infallible and should always be used with other fundamental and technical analysis tools, converging these signals warrants careful consideration. Monitoring the market closely and exercising caution in trading might be prudent. It is worth mentioning that various factors can influence the oil market, including geopolitical events, supply and demand dynamics, and global economic conditions. Therefore, it is crucial to maintain a comprehensive approach to trading and consider multiple perspectives before making any significant decisions. Please note that this idea is intended to serve as an observation and should not be considered financial advice. As a seasoned oil trader, I trust your expertise and judgment to evaluate the situation and make informed decisions accordingly. If you have any questions or want to discuss this matter further, please do not hesitate to reach out in the comments.
OANDA:BCOUSD
by bryandowningqln
Crude oil has shown a strong rise, short-term focus on 74.3 suppLooking at the daily level of crude oil, the Bollinger Bands open upward, and the price breaks through the resistance on the upper track. The bullish trend is clear. Short-term operations and other callbacks enter the market, following the trend. In the 1H chart, the Bollinger Bands continue to open upward, and the opening price of the Asian market rose. Going out of the recent new highs, in the short-term within the day, pay attention to the support in the 74.3-74.5 area below, and wait for the callback to stabilize before you can place more orders. Operation strategy: wait for the opportunity, go long around the callback 74.3, otherwise give up its trade
TVC:USOILLong
by ActuaryJ
How does oil move up while economic conditions worsen?I am bringing your attention to some concerning factors that may impact the oil market in the coming months. It is crucial to be cautious and prepared for potential challenges ahead. Firstly, the rise in interest rates is likely to impact oil prices significantly. As interest rates increase, borrowing becomes more expensive for oil companies, reducing investment in exploration and production. Consequently, this could result in a decline in oil supply, causing prices to rise. Moreover, the weak economic conditions in the United States and China contribute to the uncertainty surrounding oil prices. The oil demand may diminish with the ongoing trade tensions and slowing economic growth in these two major economies. Reduced demand often leads to a surplus in supply, ultimately leading to a price drop. However, in this case, the combination of weak economic conditions and rising interest rates may create a unique scenario where prices rise despite reduced demand. Furthermore, an expected lower inflation report adds another layer of concern. Lower inflation typically suggests weaker economic activity, negatively impacting oil prices. As investors, it is crucial to closely monitor the inflation report as it may provide insights into the future direction of oil prices. Considering these factors, I strongly encourage you to be wary of the potential rise in oil prices. It is essential to stay informed, closely follow market trends, and assess the potential impact on your investment portfolio. Additionally, diversifying your investments and considering alternative energy sources may help mitigate the risks associated with rising oil prices. In conclusion, the combination of rising interest rates, weak economic conditions in the USA and China, and an expected lower inflation report may contribute to the increase in oil prices. As an oil investor, it is crucial to remain cautious and well-informed about these developments. By closely monitoring the market and diversifying your investments, you can better position yourself to navigate the challenges that lie ahead.
TVC:USOILLong
by bryandowningqln
Momentum Builds in Oil Wait for the Next Long EntryFirst and foremost, the oil market has been showing remarkable momentum lately, and I believe we are on the brink of a potentially profitable move. The latest Simple Moving Average (SMA) crossover signals a solid bullish trend, indicating an upward price movement. This is a great sign for us looking to capitalize on the market's upward potential. But that's not all! The Moving Average Convergence Divergence (MACD) indicator, a reliable tool for identifying trend reversals and momentum shifts, remains profitable. It confirms the bullish sentiment and suggests further upward movement in the oil market. This is undoubtedly a thrilling time for us oil traders! Now, let's talk strategy. While the current indicators are promising, it's crucial to exercise patience and wait for the next opportune moment to enter a long position. Timing is everything, and we want to maximize our potential gains. Therefore, I encourage you to remain steadfast and wait for the perfect long entry point. To make the most of this exciting momentum building up in the oil market, I urge you to: 1. Stay vigilant: Monitor the market closely, monitoring the SMA crossover and MACD indicators for any potential shifts or confirmations. 2. Analyze the trend: Study the charts, conduct thorough technical analysis, and seek insights from reliable sources to understand the market's behavior comprehensively. 3. Plan your entry: Set clear criteria based on your trading strategy and risk management principles. Waiting for the next long entry will ensure you enter the market at an optimal point. 4. Stay informed: Subscribe to reputable oil market newsletters, follow trusted analysts, and discuss with fellow traders to stay up-to-date with the latest developments and insights. Remember, patience and discipline are the keys to success in trading. While the excitement is palpable, let's not rush into any hasty decisions. We position ourselves to make the most of this good momentum by waiting for the next long entry point.
TVC:USOILLong
by bryandowningqln
USOIL: Intraday crude oil analysis, is the retracement an opportThe overall trend of crude oil was strong yesterday, and it was a slow rise. Although the volatility is not large, the trend is obvious. A hammer line is charged on the daily line, and the price is running above the moving average. As long as the MA10 is not broken, the oil price will continue to strengthen. So the overall idea today is to look at the strength above 70, but since the bottom retracement point is at 69.7, then if we synthesize it within the day, the strength above 69.6 will remain unchanged. The bullish point focuses on the upward trend of 70~70.2, the lower point is 69.6, and the target is above 71.4 (personal opinion, not as an actual operation signal)
TVC:USOILLong
by ActuaryJ
1
Analyzing the 50 EMA's Impact on Oil Price Amidst Selling PressuI am reaching out today to discuss a concerning trend in the oil market, specifically related to the 50 Exponential Moving Average (EMA) and the subsequent selling pressure it has exerted on oil prices. As traders, we must remain cautious and vigilant in light of these developments. Over the past few weeks, we have witnessed a significant decline in oil prices, primarily influenced by the bearish impact of the 50 EMA. This technical indicator, representing the average oil price over the past 50 days, has been a critical resistance level, putting downward pressure on prices. The sustained selling pressure has raised concerns among experts and traders alike. Given the importance of oil prices as a leading indicator for the broader market, we must carefully monitor and analyze this situation. The downward trajectory of oil prices, influenced by the 50 EMA, may have far-reaching implications for various sectors of the economy, including our energy market. Considering the potential ramifications, I encourage you to join me in closely observing the developments in the oil market. By staying informed and proactive, we can better assess the impact on our gold trading strategies and make well-informed decisions. In light of this, I kindly request you to spare some time to review the current oil market conditions and evaluate the potential consequences for our gold trading activities. Let us remain cautious and consider implementing risk management strategies to mitigate possible adverse effects. I would greatly appreciate your input if you have any insights, observations, or concerns regarding the recent oil price decline and its implications for our trading. Together, we can navigate this challenging landscape and make informed decisions to protect our investments. Thank you for your attention to this matter. I look forward to hearing your thoughts and discussing our strategies in the comments section.
TVC:USOIL
by bryandowningqln
Exciting Opportunity: Oil Price Surges Amidst Record-Low Supply!In the past week, we have witnessed an unprecedented surge in oil prices, driven by a third consecutive week of negative oil supply and the lowest levels seen since January. This remarkable turn of events presents an exciting opportunity for all oil traders to capitalize on the market's volatility and maximize their gains. The current market conditions have set the stage for an exciting rally, and it's time for us to seize the moment. By loading up on oil now, you can position yourself to reap substantial rewards as the demand for this precious commodity continues to soar. Why should you consider taking action immediately? Let me share a few compelling reasons: 1. Unprecedented Supply Deficit: The consecutive weeks of negative oil supply have created a significant deficit in the market, leading to a price surge. This rare occurrence presents a unique opportunity for you to enter the market in an advantageous position. 2. Lowest Levels Since January: The current oil price is at its lowest since the beginning of the year. This means you can buy at a relatively low cost, with the potential for substantial gains as the market rebounds. 3. Increasing Demand: As economies worldwide recover from the impact of the pandemic, the oil demand is on a steady rise. By loading up on oil now, you can position yourself to meet this growing demand and benefit from the resulting price appreciation. So, what are you waiting for? This is the moment to act swiftly and decisively. By taking advantage of this extraordinary opportunity, you can potentially secure your financial future and achieve remarkable success as an oil trader. I urge you to make the most of this exciting turn of events by increasing your oil holdings and strategically positioning yourself for immense profits. Remember, fortune favors the bold; this is your chance to boldly move in the oil market!
FX:USOILSPOTLong
by bryandowningqln
USOIL: crude oil low long high short strategyCrude oil first fell and then rose on Wednesday. The drop of 67 was blocked and then fluctuated upward. The EIA data was bullish. The oil price broke through 69 and reached a maximum of 69.7. Today, let’s see if 70 can break through, and then look around 72 after breaking the position. At the top, focus on 70.5, the hourly line, 69.7 is blocked and there will be a short-term callback, and at the bottom, focus on 69 and 68. long high short
TVC:USOILShort
by ActuaryJ
1
USOIL: 70-line long-short competition, today's analysisToday is the weekend and the last trading day at the end of the month, and the volatile market will be relatively large in the future But I predict that there is a high probability that oil prices will stabilize at $70 today Analysis: At present, continue to pay attention to the middle track of the hourly line. As long as this position is not broken or the big Yin line is lost, the shock will continue to rebound. Channel guidance, the upper track can point to 71.4; next, pay attention to 70. I have not been able to stand on it effectively in the past few days. Is an opportunity to continue bullish; there is such a trend now Let’s talk about the small probability event. The oil price stepped back on the 69 line and touched the bottom channel line. After adjustment, it is pulling up. Since today and Friday will be affected by a lot of unstable data, it is best not to save the crude oil position reduction operation until next week!
TVC:USOILLong
by ActuaryJ
Sell your oil as interest rates could go up? I am writing to discuss the recent fall in oil demands due to the interest rate hike. As you may already know, the Federal Reserve has raised interest rates, which has caused a ripple effect throughout the market, including the oil industry. Unfortunately, this has resulted in a decrease in oil demand, which has caused prices to fall. As a result, we are urging all to consider selling any open oil positions they may have. While we understand that this may be a difficult decision, we believe it is in your best interest to take action before prices fall even further. We encourage you to consider your options carefully and decide what is best for your needs and goals. In closing, we want to remind you that the market is constantly changing, and it is essential to stay informed and make informed decisions. We are here to help you navigate these changes and make the best decisions for your portfolio. Thank you for your time, and please do not hesitate to comment with any questions or concerns.
TVC:USOILShort
by bryandowningqln
2
Crude oil trading advice today Now that the oil price is approaching the suppression of the 4-hour period moving average, long orders should be the first to make profits. This position is not easy to grasp. Wait for the oil price to break through the moving average or fall to the trend line to re-arrange long or short orders. In the triangle arrangement pattern, just sell high and buy low. Don’t think about it and wait for a breakthrough. In this way, otherwise you will pay for your thoughts. Wait for a retracement or the emergence of an obvious hammer line, and the stabilization signal of the Dayang line is entering the market Trading strategy: buy@68 tp1:70 tp2:71 Next, there will be many trading opportunities for crude oil. I will provide you with more signals. Don't miss the opportunity to make money!
TVC:USOILLong
by Kent_Garcia
Oil drops as BOE and other central banks raise interest ratesI want to bring attention to recent developments in the oil market, in relation to have recently announced plans to reduce their oil purchases, in response to the spike in interest rates from the central banks of England, Norway, and Switzerland. This move by central banks is significant, suggesting a shift from reliance on oil as a critical commodity. With interest rates rising, companies are likely to be more cautious in their oil purchases, which could have a knock-on effect on the oil market as a whole. I encourage you to stay informed about the oil market and to consider your investment options carefully. It is clear that the market is evolving, and investors need to be prepared to adapt.
TVC:USOILShort
by bryandowningqln