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!
Usoiltrade
Crude oil still has room to rise, daily strategy updateDaily resistance is 85.5-88, support below is 82.6
Four-hour resistance is 85.5-86.5, support below is 84.2-83.5
Crude oil operation advice: Yesterday, crude oil also reached a new high, and the price also began to fall around 85.5. The overall trend above is in line with expectations. From the daily level analysis, the current big support below is around 82.6, and the pressure above is 88.
BUY:83.2~83.5
BUY:83.8~84.2
SELL:88near
Technical analysis only provides trading direction!
USOIL: Crude oil operation strategy
Crude oil is likely to continue to rise next week, but there are still short opportunities, the operation plan has been given in the chart, this week to participate in crude oil orders are very few, the main reason is to focus all on gold, there is a good opportunity to enter the channel next week will prompt everyone!
USOil WTI Technical Analysis and Trade IdeaUSOil WTI Technical Analysis and Trade Idea
In the video, we analyse a potential trading opportunity for USOil. We delve into the prevailing trend, examine price movements, evaluate market structure, and pinpoint a potential entry point based on favourable conditions (if they arise), as outlined in the video. It is crucial to incorporate sound risk management principles into your trading strategy. As always, please be aware that this information is strictly for educational purposes and should not be construed as financial advice.
Oil correction is a buying opportunity
The news is likely to boost oil prices. Geopolitical factors have affected oil reserve inventories. Oil inventories this week will be significantly lower than expected. leading to increased market demand
In terms of trend, there is a certain degree of over-rising behavior in the market, but the trend is still a bullish trend. If the price falls back to the low price within the day, you can still buy. Focus on the buying position in the range of 3.9-83.5.
This week’s focus will be on the release of API and EAI data.
Related Products: MATBAROFEX:WTI1! BLACKBULL:USOIL.F FX:USOILSPOT NYMEX:WTI1!
"Is the US Oil Market on the Brink of a Transformation?” 🛢️📈Ahoy, fellow trader! 🌟 Let's set sail on the high seas of oil trading, where the winds of fortune blow and the waves of volatility crash. 🛢️
**USOIL** (that's WTI Crude Oil for landlubbers) is currently dancing around the **$83** mark like a tipsy sailor at a tavern. 🕺 The resistance levels are like stubborn portcullises guarding the treasure chest: **$83** and **$83.50**. Will our brave oil buccaneers breach these walls and plunder the riches beyond? 🏴☠️
But wait, there's more! 📜 The support levels are our sturdy lifeboats: **$80.30** and **$80.00**. If the ship starts taking on water, these levels might keep us afloat. 🚢
Why is oil suddenly hotter than a dragon's breath? 🐉 Well, the Federal Reserve might just cut interest rates, making the dollar less attractive than a soggy biscuit. Investors, like magpies drawn to shiny things, are eyeing oil hungrily. 🤑
Usoil weekly Target 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.
Usoil up 83
Target 87
Resistance 80
Usoil-Reasonable decline
If oil is above 80, it is still an upward trend. The lowest oil price yesterday was around 80.8, and the current range is about 80-83.5
Published API data showed that U.S. crude oil inventories fell by 1.52 million barrels in the past week, slightly higher than market expectations. Separately, the American Petroleum Institute reported that Cushing crude oil inventories increased by 325 million barrels. In terms of refined oil products, gasoline inventories decreased by 1.57 million barrels, while distillate inventories increased by 0.5 million barrels.
You can still buy near the support point and control your position reasonably
Following my strategy, your success rate will be greatly increased and trading will be simpler
USOIL: 25/3 Today’s Analysis and StrategyCrude oil technical aspects
Daily resistance is 82-83, support below is 80.2
Four-hour resistance is 81.5, support below is 80.2
Crude oil operation suggestions:
Crude oil prices are facing certain selling pressure. From the daily chart level, oil prices have fallen back and adjusted after reaching a new high of 83. The strength of its pullback is limited. Pay attention to the situation of 81.71 stabilizing and maintaining the bullish arrangement, and the mid-term objective trend remains upward. It is expected that crude oil will enter a shock adjustment around the high of 83, form a secondary rhythm, accumulate upward momentum, and continue to move upward.
BUY: around 79.50
BUY:around 80.20
BUY:near 81.71
SELL:near 84.00
Usoil confirm signal buy 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.
Usoil now 82
Target 83
Target 84
Resistance 81
Confirm Chart
USOIL:Support at 80.2, resistance at 81.3
Let’s first look at the support in the 80.5-80.2 range. If the support is valid, go long. The indicators are now more favorable to shorts, with resistance around 81.3.
If it falls below 80.2, there will be a small rebound, but 80.5-80.8 will become strong resistance, so the risk of shorting is smaller and the profit opportunity is greater.
usoil sellWest Texas Intermediate US Crude Oil prices remain under some selling pressure for the third successive day on Friday and trades near the weekly low, around the $80.30 region during the Asian session.
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.
USOil WTI Technical Analysis and Trade IdeaI posted a trade idea a few moments ago, this is the video explaining my idea. There are important points in the video that are noteworthy.
USOIL is exhibiting a strong bullish trend on the 4-hour timeframe, marked by clear higher highs and higher lows. We'll are watching the 50-61.8% Fibonacci level for a potential entry point. However, this trend is advanced, and a bearish reversal could occur at any time. Trade cautiously, prioritize risk management, and remember – this is not financial advice.
Usoil up 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.
Usoil up confirm Chart
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.
Crude oil may fall back after rising today
Crude oil fluctuated upward on Wednesday, with a minimum of 77.5 and a maximum of 79.8 that day. The daily line closed at 79.5. From the daily line, the oil price has reached the upper track. Today, the focus is on the 81 line. If it rises to around $81, will there be strong resistance above?
As far as the current trend is concerned, the price of crude oil has risen to 80.3 US dollars. Waiting to see if it can reach 81 US dollars, you can make the right choice by paying attention to my signals at any time.
My suggestion is to prefer shorting at high prices: shorting in the range of 80.5-81 US dollars.
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!
Crude oil operation suggestions for next Monday
For crude oil on Monday, focus on the first-line support of 77.0 at the bottom and the first-line resistance of 80.5 at the top. At the same time, pay attention to the upper and lower breakthroughs before making changes.
Crude oil operation suggestions:
1. Go short after rebounding near 80.5, stop loss 0.6 US dollars, target around 78.5-77.0;
2. Retrace to go long near 77.0, stop loss 0.6 US dollars, target around 78.0-79.0
Crude oil price trend analysis, easily make money for you
Although OPEC+, an organization of oil-producing countries, has extended production cuts, the market remains wary of crude oil demand. Oil prices closed down more than 1% on Friday, with Brent crude oil falling by 1.69% this week and WTI crude oil falling by 2.46% this week.
Brent crude oil futures closed down $0.91, or 1.10%, to $82.05 per barrel. This week’s cumulative decline was 1.69%, and the one-week volatility was the lowest since September 2021.
WTI crude oil futures closed down $1.08, or nearly 1.37%, to $77.84 per barrel. It fell by 2.46% this week.
Supply remains tight due to slower exports due to OPEC production cuts and Russian production cuts, but demand in some countries appears to be lagging, while demand in the U.S. driving season has yet to kick off.
On the supply side, OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend voluntary oil production cuts of 2.2 million barrels per day into the second quarter.
That provided additional support to the market amid concerns about global economic growth and rising production outside the group.
Crude oil continued to fluctuate this week, and the overall trend was a small dip and recovery.
My suggestion: go long at low prices, go long around $77.5
Tp 78.5
SL 77
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome!
USOIL H1 / Long Trade Execution Idea 💡💲Hello Traders!
This is my idea related to USOIL H1. I expect the price to go bullish as it reacted perfectly from the OB level and also the support area. I expect the following scenario, the price will retrace again in the OB area and after that, I expect it to rise until the price of 79.45.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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