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USOIL: This week's summary and next week's trading ideas The deteriorating outlook in Europe has left oil traders wondering whether global oil demand will remain resilient next year. On the other hand, the US third quarter GDP data exceeded expectations and continued to deliver strong economic growth. A higher dollar and an uncertain economic outlook seem to be haunting oil. Oil prices rose on Friday on fears that tensions between Israel and Gaza could spill over into a wider conflict that could disrupt global crude supplies. U.S. West Texas Intermediate (WTI) crude rose $2.33 a barrel, or 2.8 percent, to settle at $85.54 a barrel. "From a macro perspective, global supply is tight relative to demand, which is the result of general underinvestment across the industry after the pandemic, so spare capacity today is limited and prices will move with demand because there is not a lot of short-term capacity that can come to market," Darren, CEO of ExxonMobil Oil, said in an interview. So as long as the market stays tight, you're going to see more volatility and higher prices. On the whole, crude oil next Monday's opening operation is suggested to retreat to do more on the dips! If you are confused about trading, please join me, I believe you will have a great harvest!
TVC:USOILLong
by HectorBrown1
Crude oil trading tips last week Crude oil opened at around 87.8 and ended at around 88.2 last week. The overall trend of crude oil last week was bullish. We look at the price changes of crude oil with an upward trend. We can see that the greater the downward adjustment, the more the price increases, and the objective trend enters sideways. To summarize, the current price in the sideways range is beneficial to traders, which is in line with the trend following method. We only need to buy at low points according to the overall upward trend. If the price breaks up and down, we will use the turtle trading rule. The above is a review and analysis of last week’s crude oil trading. If you need more content, please join me.
TVC:USOILLong
by Krause_Philipp
USOIL WTI Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of the USOIL market, with a primary focus on the prevailing bearish sentiment observed in higher timeframes. Notably, WTI has recently approached a critical support level. Throughout the video, we delve into essential elements of technical analysis, which encompass aspects such as the current trend, price action dynamics, market structure, and various other fundamental components of technical analysis. As we progress through the latter part of the video, we closely examine a potential trading opportunity. It is crucial to emphasize that the information presented here serves exclusively for educational purposes and should not be construed as financial advice. Engaging in currency market trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate risk management strategies into your trading plan.
OANDA:US30USDShort
by fxtraderanthony
Crude Oil: Planning Strategies Today Through the analysis of the hourly chart of crude oil, we know that the market rose first and then fell yesterday, forming a shock upward breakthrough trend yesterday. By comparing with the previous period, we already said last week that we expected to form a bullish trend. When the high level fell in the early period, all the moving averages began to turn around. The downward movement forms a turning point from bull to bear. From the formation of a wave of decline, all the moving averages have formed a bull trend. All the moving averages below are supports, and the MACD below has always been running above the zero axis. The market is very likely to make further upward breakthroughs. In terms of operation, we continue to think high and low and focus on going long on dips and shorts. The specific suggestions are as follows: Crude oil 90 and 91.50 are long respectively. Crude oil is short at 95.0 and 95.6 respectively.
TVC:UKOILLong
by Dylan-Jones
USOIL: Oil today analysis The International Energy Agency (IEA) said on Thursday that geopolitical risks in the Middle East have escalated following Hamas attacks on Israel, with oil markets on edge and uncertainty about how things will play out or how far the conflict could spread. In its closely watched oil market report for October, the IEA said: "A sharp escalation of geopolitical risks in the Middle East is keeping markets on edge. The region accounts for more than a third of global seaborne oil trade. Oil prices surged on Monday after attacks by Hamas against Israel reignited tensions in the Middle East and the war premium reappeared in the market. Crude oil market yesterday morning opened at 83.21 US dollars/barrel, after the market first pulled up, the daily peak reached 85.28 US dollars/barrel, after the market fell strongly, the daily minimum to 82.35 US dollars/barrel Short-term strategy reference: high probability scenario: bearish below 85.6, target 83.2-82.5; Low probability scenario: Bullish above 85.6, target 86.5-87.2
TVC:USOILLong
by HectorBrown1
USOIL Technical Analysis and Trade Idea (applies to WTI Brent)This video provides an in-depth analysis of USOIL (WTI Brent also applicable). On the weekly chart, we observe a bullish trend that has undergone a significant correction to key support levels. The weekly chart indicates that the overall bias is still bullish, but the daily chart shows a bearish market structure break. A bearish trend has not fully established yet, as the price action is forming a triangle pattern on the daily chart evidenced by lower highs and higher lows. A further downward movement that breaks the current support level would signal a possible bearish continuation scenario. This video is for educational purposes only and does not constitute financial advice.
TVC:USOIL
by fxtraderanthony
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USOIL: Today's crude oil analysis and operation Crude oil yesterday's typical interval arrangement, the highest 86.7, the lowest 85, the daily line closed small Yin at 85.9, the four-hour chart of the large interval, the top 87 will be an important resistance point in this interval, the lower focus on the 84 break, the breakthrough will fill the gap; From the point of view of the 1-hour line, the lower focus on the 85 support situation, coupled with the current Palestinian-Israeli conflict, may have a certain impact on oil prices, and the day is mainly low and high The specific layout is as follows: (1) below see 85/85.3 long, loss 84.5, target 86.2-86.5 break on the look (2) Above, focus on the breakthrough of 87
TVC:USOILLong
by HectorBrown1
USOIL: Oil today analysis The outbreak of the Israeli-Palestinian conflict, if more forces are involved in the subsequent, the Middle East oil producers may be directly affected, crude oil production may be in short supply, and oil prices may rise more sharply. In the outbreak of the war between Russia and Ukraine last year, the oil price rose sharply from $90 to the highest price of $130, and it took half a year to return to the $90 line. In summary, the current turmoil in the Middle East has attracted much attention, and the limelight has overshadowed the OPEC+ production cut plan, and the follow-up trend needs to be paid close attention. Crude oil fell sharply to $81.50 last week, the direction of the daily bullish line has not changed, if the resistance level of $89 above the smooth stand, the rally can be expected. In the evening, focus on the support of the $84.1 line, if it breaks down, it may test the strong support level of $81.5. High probability scenario: bullish above 84.1, target 87.1-88.2; Low probability scenario: Bear below 84.1, target 83.0-81.5. If you are confused about trading, please join me, I believe you will have a great harvest!
TVC:USOILLong
by HectorBrown1
Crude oil, rebound and pullback WTI crude oil has fallen in five of the past six trading days, falling by more than 13%, giving up all gains since September. Oil prices have now fallen back to key support near $82.0. The U.S. non-farm payroll data for September will be ushered in today, and short-term fluctuations in oil prices are expected to further intensify. Looking at the daily chart of crude oil, oil prices stopped rising at the high of 95 and entered a correction state, with the K line being negative for three consecutive years. Although oil prices have not yet fallen below the moving average system, the current mid-term objective still maintains an upward trend. But from the perspective of kinetic energy, a change occurred first, and the bears gradually became stronger. It indicates that the mid-term trend is expected to enter a large-scale adjustment pattern. The K-line fell below the support of the moving average system. The original mid-term rise ended in stages, and it is expected to usher in a larger wave of correction. Strategy: long at 81.5, short at 82.4
TVC:USOILLong
by Dylan-Jones
Crude oil: all the way down Through the analysis of the hourly chart of crude oil, we know that yesterday’s market rebound was unable to continue the downward trend. It has now reached the 82.3 line and has slowed down the downward trend. We can clearly see from the attached picture below that a phased bottom signal has appeared again. In the last time When it appeared, it rebounded slightly and reached the No. 2 pressure level above and then fell back. At present, the No. 1 pressure level above has in turn become the first pressure. In the short term, we will continue to focus on shorting on rallies. Strategy: 84.1 short
TVC:USOIL
by Dylan-Jones
Crude oil fallsCrude oil will continue to retreat when it falls. Crude oil fell sharply yesterday and closed down. The momentum of the oil price's opening decline has slowed down and has stopped falling. However, it is only a technical recovery, and the indicator signals are still biased downward. Amid the general downturn in global financial markets, oil markets remain under pressure despite Saudi Arabia and Russia reiterating that they will continue to cut production until the end of this year. The rise in oil prices has stalled as market sentiment continues to deteriorate amid expectations that interest rates will rise for an extended period.
TVC:USOILShort
by Traders-Marvin
USOIL: Empty orders gain 10 points The daily arrangement of 89.2 line empty, currently down 10 points, the stable can reduce the position out, the rebound of the European short position near 89.3 can continue to be empty, want to do more suggestions can pay attention to the 88.0 line support can hold, hold it is expected that crude oil is a wave of short-term rebound demand, so want to do more suggestions first pay attention to the 88.0 support break situation and then consider it, Do not break can light warehouse to do a short line, break is to give up multiple single
TVC:USOILShort
by HectorBrown1
USOIL:Observe trends Today, the lowest level of oil fell to around 87.76, but in the end it still returned to the range.Therefore, the success rate of trading in the range is currently very high. Today, oil fell below the range. At present, we need to pay attention to 89.7. This place determines where the next direction is. If it continues to fall below 89.7, then oil is still a downward trend. If the rise breaks through 89.7 and stands firm, then it can be judged that the probability of oil rising increases. If you want to trade in the range, then you need to judge his trend and the impact of the news. If my thoughts are helpful to you, please like and subscribe
TVC:USOIL
by UnknownUnicorn60055110
USOIL:Trading strategy Oil has been rising because of OPEC production cuts, but now all indicators show that it is currently overbought. There is limited room for growth now, so we are now shorting oil. However, overbought will not reverse immediately and will last for a period of time. But we can try the medium-term goal, the target point: about 86. Short-term trading advice: USoil:Sell:90.6-91.3 TP1:89.6 TP2:89.2 TP3:88.2 If my thoughts are helpful to you, please like and subscribe
TVC:USOILShort
by UnknownUnicorn60055110
Potential Oil Decline Amidst Tight Supply and Fed Rate HikeRecent market dynamics, characterized by a tight supply scenario and growing speculations of a Federal Reserve rate hike, have raised concerns about the future trajectory of oil prices. 1. Tight Supply Scenario 2. Speculations of a Federal Reserve Rate Hike Given these circumstances, it is crucial to approach oil trading with caution. The combination of a tight supply scenario and the possibility of a Federal Reserve rate hike creates an environment of heightened volatility and increased risks. Therefore, we strongly recommend pausing oil trading activities until further clarity emerges. At this juncture, it is essential to reassess your investment strategy and consider the potential impacts of these factors on your portfolio. We encourage you to consult with your financial advisor or reach out to our dedicated team of experts who are available to provide you with tailored guidance and support. In conclusion, we believe it is prudent to exercise caution and refrain from making any hasty decisions regarding oil trading. The current market conditions, characterized by tight supply and speculations of a Federal Reserve rate hike, warrant a careful approach to mitigate potential risks.
TVC:USOIL
by bryandowningqln
Crude Oil: Today’s Strategy Crude oil enters the market empty at 88 Continue to watch the decline, continue to watch 82, or even 75 line Any position where crude oil rebounds is short. The current rebound of the big positive line is to enter the market for shorts. Once again, the 88 line enters the market for shorts. Get ready for a sharp drop to harvest. Crude oil rebounds, but it is still below the middle track of the Bollinger Bands. The short position is empty. Operation strategy: short crude oil at 88, stop loss at 89, target at 82
TVC:USOILShort
by Dylan-Jones