OIL: Descending channel, sell on highsCrude Oil Technical Analysis
Daily resistance is 79.7-83.6, support below is 76.8-75
Four-hour resistance is 78.6-79.7, support below is 76.8
Crude oil operation suggestions:
Last Friday, the overall oil price fell under pressure from the 79.9 mark. The overall price appeared to be suppressed and encountered resistance at the 79.9 mark. There is still room for decline in the short term. Today, the upper resistance will focus on the hourly top-bottom transition level around 79-78.8. The intraday rebound will rely on this position to continue to be bearish. . The lower target level still focuses on new lows, and the short-term weak short-term dividing line focuses on the 79.7 mark. Before the daily level reaches this position, continue to maintain high price short selling.
SELL:78.8near SL:79.1
SELL:79.7near SL:80.0
Technical analysis only provides trading direction!
Usoiltrade
Oil price real-time trading details
Oil prices are currently back at low levels, supported by the June production cut agreement. In the short term, buying is still the main focus, taking the price of tradingview as an example. 78.2-78.5 is used as the buying range.
The target can be set at 79.6-80.5.
Usoil-analyze
Yesterday I thought oil would reach 79.5, and I thought that if oil closed at 79, the probability of rising today would be high, but the highest it could only reach 79.2.
After my analysis today, I believe that oil started to fall from 87.6, reached as low as 77, and finally fell to around 76.9, a total drop of almost 11, so I judge that oil has some room for repair.
My short term goal is 79.5-80, let's see if we can get there
Today's closing price is also very important. If it can break through 79.2 and stand firm, the probability of oil continuing to rise tomorrow will increase, and it may even reach 81. If today's closing price is below 79.2, oil may continue to fluctuate between 77-80.
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Crude oil continues to be shorted at high pricesCrude Oil Technical Analysis
Daily resistance is 79.6-83.4, support below is 76.8
Four-hour resistance is 79.6-80, support below is 78-76.8
Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days.
The short-term resistance above today continues to focus on the vicinity of 79.6. The rebound relies on this position to continue to be bearish and the target continues to be new lows. The short-term oil price long-short dividing line focuses on the 80.5 mark. Any counterattack before the daily level does not break through and stand at this position is Short opportunities and keep trading with the trend.
SELL:79.6 near SL:80.00
SELL:83.4 near SL:83.80
SELL:79.0 near SL:79.40
Technical analysis only provides trading direction!
USOIL - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I wait price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block.
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Will crude oil continue to rise?Crude Oil Technical Analysis
Daily resistance is 85.7, support below is 83.4-80
Four-hour resistance is 85.5-85.7, and support below is 83.4-82.5
Crude oil operation advice: Yesterday's volatile market ushered in a deep v bottoming and rebounded. The Asian and European market prices were under pressure and fell back to the 83.3 mark. The US market stepped down for the second time and stabilized at the 82 mark, ushering in a strong bullish bottom and a deep rebound. v rebounded, oil prices continued to rise and broke through in the early morning, standing above 83.3 and continuing to close strongly.
The overall price once again found support at the 82 mark, stabilized and rebounded. The daily level continues the recent yin and yang shock cycle operation rhythm. Today, the lower support focuses on around 82.5-82.7. The intraday retracement relies on this position to continue to be bullish at first. The upper pressure focuses on 85.5-82.7. 85.8, the European market has surged higher and is under pressure. This position can be shorted once and then fluctuated back down. The daily long-short cycle rhythm has no continuity, so we should continue to maintain the shock idea.
BUY:83.4near SL83.00
SELL: around 85.6 SL85.90
SELL:86.0near SL86.30
Technical analysis only provides trading direction!
Crude oil bottoms out and continues to riseCrude Oil Technical Analysis
Daily resistance is 83.4-85.7, support below is 80-78
Four-hour resistance is 83.4, support below is 81-80
Crude oil operation advice: Crude oil fell first and then rose yesterday, ushering in a deep v bottom, rebounding and breaking through the high. The price of the Asian and European markets was under pressure and fell back to the 83 mark. In the evening, it fell rapidly downward and pierced the 80.9 mark before the US market and stabilized and rebounded. The strong consecutive positive trend led to a breakthrough and stood on the 83 line, which opened in the morning, and continued to strengthen. Finally, the closing accelerated and broke through the 83.5 line to close strongly. The overall price stabilized with secondary support at the 80.9 mark. The short-term price once again returned to the long-short wide shock range. Today, the lower support focuses on the 82.3-82 area, and the upper pressure focuses on around 85.70. We will continue to rely on this range to maintain the long-short wide range during the day. shock
BUY:83.4-83.2
SELL:82.1-81.8
SELL:81.0-80.7
Technical analysis only provides trading direction!
Usoil-analysis and ideas
As can be seen from the chart, two great resistance points formed near 87.6, which can mean that the short-term top of oil is slowly beginning to form. The previous idea was to call back to around 83.5, or even reach 80-82. The short-term decline was too fast, so I I think there will be a certain rebound, reaching 83-83.5, and then continuing to fall.
The current trend has verified my last idea. This is the latest idea for your reference. Join me and make money with me.
Usoil-Analysis and Forecasting
After oil breaks through 80, my target is 85. Now the upward momentum is still strong, so you can wait for the support point to buy. The lowest support point on Tuesday was 84, yesterday the support point was around 84.2, and the important support point was around 83.5.
But this month I think oil may start to adjust around 87. It is expected to be in the 86.4-86.7 range, and may adjust to the important support point 83.5, or even reach the 80-82 range.
Join me and I will continue to analyze the next trend
Crude oil continues to be bullish, focus on 87.7 resistance leveCrude oil analysis
Daily resistance is 87.7, support below is 83.4
Four-hour resistance is 87.7, support below is 86.3
Crude oil operation advice: Today, focus on the strong pressure above 87.7 from the four-hour and daily levels, and the support below is around 86 and 83.4. When crude oil falls to 86 and 84 and is blocked, you can participate in the long position.
BUY:86~86.3
BUY:84.0~84.5
SELL:87.3~87.7
Technical analysis only provides trading direction!
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.
Confirm usoil signal
Usoil-Analysis and Trading Strategies
Israel has withdrawn more troops from southern Gaza and pledged new talks with Hamas on a possible ceasefire, easing concerns about the risk of further escalation in the conflict and disruption to Middle East crude supplies.
The current oil 4H and 1H charts show that the possibility of oil falling is very high, and it has been in the 87-87.5 range without breaking through. Today, the support of oil is still around 84.5. Only if it falls below this support point, will there be any A wider range of decline
If it falls below 84.5 today, you can choose to buy in batches in the 83.6-83.3 range, SL: 82.8
If it continues to rise today and breaks through 87.5, you can sell in batches at 87.8-88.2, SL: 88.8
The above trading strategies are for your reference. The market changes rapidly. I will send the specific trading strategies to my VIP customers. I hope everyone will make a profit today.
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USOIL: SELL @ 86.3-86.8
Yesterday, EIA was good for shorts. The market rebounded quickly after falling. It is now near the resistance level (86.3-86.8). The indicators show that shorts have the advantage, so the transaction can be sold in the resistance range first. The support is 85.6-85.2, which can be used as the TP level.
If it falls below the support, look at the 84.4-83.3 range below.
Pay attention to the rebound after falling below the support, and focus on the vicinity of 85.8.
If there is no breakthrough, you can sell a second time.
Then continue to pay attention to the support range. If the support is valid, close the short position and go long.
If the support falls below, 84.8-84.4 can be used as the TP target.
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!
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.
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"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