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)
Usoiltrade
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.
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!
USOIL Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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
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!
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.
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!
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.
USOIL: Looking for short-selling opportunities within the dayAfter finishing the high range at the beginning of this week, the price peaked one hour after the price fell below 70.8 yesterday, and the short-term direction changed from long to short!
Before a new bottom pattern appears in one hour, taking advantage of the trend and high altitude is the only trading idea. After the intraday price rebound, you can pay attention to the short trend at 71.8
Anticipating The Next Oil Market MovesHey guys,
Lets look at US OIL.
Tracking oil markets is far easier as sentiment comments in the news don't really need deciphering.
We saw large periods of harsh and rash movement + extreme prices based on high volatility Trading and news influx.
Now, the story is different and people are not rushing to buy oil on the black market or making contingency plans.
Lets go over it and discuss how we can trade it.
Watch for more.
USOIL: Trading Signals
USOIL30m chart, after the arc bottom is formed, encounters resistance near 70, forming M top (double top), MACD death cross, judging from the shape, it should be a pullback and then rise, so, my trading point of view is to be short first , and then go long.
Trading Signals:
sell:69.3-69.5
tp:68.5-68.3
buy:68.5-68
tp:70.3-71
Crude oil trends
Today's crude oil rose as scheduled, came to around 69.4, today in the transaction we chose to go long, got a very good profit, it seems that OPEC+ decided at the early June meeting to extend the current crude oil production reduction plan, and Saudi Arabia promised to cut crude oil production by 1 million barrels / day in July, and said that it will extend further if necessary, which may ease the decline in oil prices. In addition, the United States further purchases crude oil to supplement strategic reserves, may also bring some support to oil prices, next, the market will pay attention to OPEC's monthly short-term energy outlook report, crude oil should enter a shock adjustment period tomorrow, and then narrow the range of shocks, trading ideas recommend low long, with stop loss trading, reduce trading risks
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
USOIL:Trading advice for the day
A very typical shock trend, last trading day under the EIA and API double favorable stimulation oscillation upward test pressure level, from around 72 oscillation counter-pumping in the refresh high touched the 73.2 line and then the shock fall, a wave of sharp fall touched around 69 and then rebounded, in the short term a shock box is also very obvious, this is also the idea we have been sharing with you recently, the upper pressure level gradually moved down to around 72, the short-term support below is still at 70, strong support around 69.
If you need a detailed strategy, you can contact me.
Crude oil analysis next week
Next week's regular data API and EIA data, this week the United States to June 2 EIA crude oil inventories -451,000 barrels, expected 1.022 million barrels, previous value of 4.489 million barrels; the United States to June 2 EIA strategic petroleum reserve inventories -1.867 million barrels, previous value -2.518 million barrels; June 14 The United States will release API and EIA crude oil inventory changes for the week ending July 22, and inventories are expected to continue to decline. If the overall is bullish for crude oil as expected, more detailed is to see the expected EIA data after the release of API data.
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Crude oil trading on Friday
Oil crude oil is now rising to around 71, after reports that Iran and the issue of nuclear enrichment and oil exports are close to reaching an interim agreement, but oil prices rebounded from earlier declines at the close, as the United States denied reports that the two countries were close to an interim nuclear deal, in addition, gasoline inventories increased more than expected, crude oil has been volatile recently, and the crude oil strategy given yesterday is also a perfect take profit. Today's crude oil is mainly long at a low level.
Personal Trading Strategy:
usoil:buy@70-70.5 tp71.5-72
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
USOIL:Trading advice for the day
EIA crude oil stocks and strategic crude oil crude oil stocks are all synchronized with the decline in API stocks. In the short term, it corresponds to the central idea of the new round of OPCE+ production reduction meeting. The pressure on the supply side has eased, but the pressure on the Federal Reserve to raise interest rates is continuous, so the crude oil trend will be very depressed. The last trading day oscillated all the way from near 71, and after the data was released, it quickly rose to near 73.1 and fell under pressure again. The short-term maintenance range is repeated, and our operating ideas will continue to be maintained.
USOIL:@73.1-72.8 TP:72.5-72
If you want to make more money, come to me and let us make a profit together.
Crude Oil Today
The crude oil strategy given earlier, we chose to reduce positions after getting a profit at 72.7, it seems completely correct at present, crude oil fell to around 69.3, it seems that the short-term support below is around 67.3, today's release data to see that crude oil is bullish, I think there is still an opportunity to go long
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
USOIL:Trading advice for the day
Crude oil currently continues to maintain a wide range of oscillations in the daily trend. After a wave of bottoming out and rebounding in the hourly trend, there is currently no particularly obvious trend in the short-term, and there is a high probability that it will maintain a volatile trend in the daily trend.
usoil:sell@72.5-72.2 tp:71.7-71.2
It's that simple to take you to make money, follow me.
Crude oil support began to move up
Saudi Arabia, the world's largest oil exporter, raised official crude prices for Asian buyers. Oil remains in a wide weekly range due to limited demand, increased supply from non-OPEC countries, and potential recessions in the United States and Europe.
Although crude oil broke through yesterday but then pulled above the trend line, it seems that crude oil support began to move up, and then the price rose above the short-term downtrend line. Crude oil is focused on long trading opportunities today
Personal Trading Strategy:
usoil:buy@70.8-71.3 tp72-72.5
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
USOIL:Trading advice for the day
With the landing of the OPCE+ meeting over the weekend, although there is an agreement to maintain production cuts, the market is obviously skeptical about the actual effect of OPCE+ production cuts. In the last trading day, after the oil opened high around 74.3, it also fell all the way to touch around 72.2, and then the shock counter-pumped around 73.8, the second rise failed to effectively break through the key pressure level of 74, but also because of the weak US economic data, the second kill, after the gap to make up, there is a need to continue to test the support below, pay attention to the key support around 70, short-term oil is still a range idea!
usoil:buy@70-70.5 tp:71
As long as you keep up with my signal, you can make more money
Crude oil shock adjustment
Crude oil we saw a bottoming out last week, did not continue after the decline, but formed a V-shaped reversal, began to continue to rise, and is now entering the upward phase. The resistance above is also obvious, the current strong resistance is around 74.7, as long as there is no breakout, you can choose to go long at the low level
Crude Oil Personal Trading Strategy:
usoil:buy@70-70.5 tp71.2-71.6
Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
Saudi Arabia boost oil price with output cutI have some exciting news to share with you today. Saudi Arabia has recently announced their plan to boost the oil price by cutting their output by 1 million barrels a day. This is excellent news for the oil industry and presents a fantastic opportunity for investors like you and me.
As you know, the oil market has been volatile in recent years, but with this announcement, we can expect a significant rise in oil prices. Therefore, this is the perfect time to invest in oil futures and exploit this exciting development.
I encourage you to act fast and invest in oil futures today. This is an opportunity that you don't want to miss out on. With Saudi Arabia's commitment to reducing its output, we expect a steady increase in oil prices over the coming months.
Let's exploit this exciting opportunity and invest in oil futures today. I look forward to seeing the positive results of this decision shortly.