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
Usoiltrade
USOIL: Oil today analysis
The crude oil on Monday swung back to 84.8 after moving higher, yesterday's high open gap after the repair of the inter-zone is not large, due to the international environment, the potential of the ground edge, the recent period can be maintained much lower, Stay in the day 85.4 attached near many, the upper side 87 attached near can be empty.
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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.
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USOIL: Weekly profit summary
This week ended perfectly, earning 50,000, exceeding the expected target, the main reason is to seize the opportunity to fall all the way, continue to maintain next week, I wish everyone a happy weekend!
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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
USOIL:Goal 86 achieved
My previous post prediction was completely correct I thought the oil would fall to 86, and today my forecast has arrived.
The same is true now.After reaching the support level, we can no longer sell, we can buy in small batches below 85.5.
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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
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.
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
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.
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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
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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.
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
Crude Oil: Analysis Strategy Today
Through the analysis of the hourly chart of crude oil, we know that on the previous trading day, it first fell, then rose and then fell, forming a wide-ranging shock trend, which converged at the moving average support level below. We can clearly see from the attached picture below that in the previous transaction The market had already entered the weak zone on the day before, and the rebound was weak. It is still running in the weak zone, indicating that there is still room for adjustment in the short-term market.
Crude oil is long at 90.70 and 88.90 respectively, with a stop loss of 70 points and a profit stop of 300 points;
Crude oil is short at 92.20 and 93.30 respectively.
Gold: It may fall to 1800! ! !
Gold fell from around 1930 to around 1845, with basically no rebound, that is, the bulls surrendered directly. This trend is obviously a short trend, and the lows continue to fall. Even a rebound of a few dollars is directly swallowed up by the big negative line. This It’s short energy.
The four-hour line of gold price has entered the next level. It continues to be a negative line. The era of shorts is obviously coming. The sword below is pointing to the 1811 line, or even near 1615. Anything is possible on the K-line. At the same time, the 50-day moving average continues to run downward, continuing to compress the bulls' Space, there is no possibility of rebound at all, the K line is suppressed by the 50 moving average throughout the whole process, and it is pressed to the floor and rubbed, empty, 1834 empty
USOIL: Crude oil analysis and operation
With Opec + pledging to curb oil supply until the end of the year and Asia's economic recovery expected to expand again, we expect global oil inventories to fall by 70 million barrels over the next three months. As a result, we now see Brent averaging $91 / BBL in the second half, up from $81 / BBL previously. Still, our forecast for 2024 remains at $90 per barrel, thanks to an increase of 1.2 million BPD in non-OPEC supply from Guyana, Canada, U.S. shale, and Brazil. In addition, if sanctions on Venezuela and Iran are further eased, supply will increase by 450,000 BPD in 2024. As Opec + politics and global geopolitics allow, the increased supply will help restrain further price increases. Oil prices surged 3.50 per cent yesterday, with intraday highs above $95. After the opening of the morning, oil prices surged on the inertia, the high point entered the $95 mark, and the current pressure is below 94, and the momentum of turning the gun is still strong. In operation, it is still a reasonable choice to short the rally. Short-term strategy reference: High probability scenario: bearish below 95.0, target 93.0-92.0; Low probability scenario: Bullish above 92.0, target 95.0-96.2.
USOIL:Range fluctuation
The oil is back in the range again. If you trade according to my range, I think you can have a great time today.
Today, the oil price fell to near 88.2, and the low point was tested again, but it still returned to the range, so now we have adjusted the range, the range is: 88.3-91.2
The adjustment of the range range increases the success rate of our trading. As long as it is within the range, we still buy at a low level, sell at a high level, break through the range and then re-observe.
Today, the low was tested for the third time and rose again, so we must observe whether the position above 91.2 will break through. If it breaks through, it is more likely to rise. If you want to sell, pay attention to setting a stop loss.
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Crude oil: Crude oil rebounds to highs
U.S. oil WTI once fell below $89 and pushed down to $88. It fell as much as $1.48 or 1.7%. After turning up, it returned to the psychological integer level of $90. The more actively traded Brent December futures once fell to US$90 or fell as much as 1.6%, then turned higher and then returned to US$92. The futures about to be delivered after expiration turned higher and then rose above US$94. They had previously fallen below 93 US dollars. and $92.
Oil prices turned higher and broke off two-week lows, with U.S. oil returning to $90
In the third quarter, U.S. oil rose by more than 26%, and Brent oil rose by about 24%. Both are expected to record the largest increase in more than a year since the first quarter, and both oil prices will achieve cumulative increases in every month of the third quarter. Mainly because the prospect of tight supply outweighs concerns about economic and oil demand uncertainty in a period of high interest rates. However, some analysts worry that the U.S. government shutdown may make it difficult for Brent oil to rise to $100.
Go long near 92.0, stop loss: 89.90, the target is 92.0-95.0 if it breaks.
Crude Oil: Strategy Advice Short
The oil supply outlook remains tight, with Russia and Saudi Arabia both cutting output through the end of the year, while the number of operating oil rigs in the United States has dropped to its lowest level since the end of the year. U.S. refiners are also cutting production capacity, further tightening supply.
While these factors are expected to continue to support prices, overall economic concerns are limiting oil prices' upside potential. In the short term, oil prices will continue to be impacted by the above factors. Rising interest rates, a stronger dollar and worries about the global economy appear to be offsetting the benefits of limited supply. However, with the start of China's National Day Golden Week, a potential rebound in tourist numbers may bring some support to oil prices. But until global economic concerns are eased, oil market sentiment tends to be bearish.
Short-term strategy reference: High probability scenario: bearish above 90.6, target 90.0-90.6. Small probability scenario: bullish below 88.8, target 88.5-88.9 Market comment: RSI technical indicator runs downward!
USOIL:Range fluctuation
Oil is still fluctuating in the range, reaching a minimum of around 89 today.
The oil has not chosen the direction yet. Last time we judged that the oil was going to test near the support point of 88.9.
Now the oil is near 89.9, and the direction is still not confirmed, so this range is still valid. You can still sell at the high point, buy at the low point, and wait for the oil to break through the range to confirm the trend.
We can't blindly think that oil will fall now, because we have tested the low twice in a row, but it has not fallen. We trade in the range. If we break through the range, we will strictly set a stop loss.Wait for the funds to choose the direction.
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USOIL: Crude oil analysis and planning
Last Friday opened 89.5, went up to 90.3 and then fell back up again at 89.7 to be supported, crossed the previous high of 90.3 to 91.2, which is near the upper edge of the adjustment range said before, the price fell as scheduled, was supported at 89.2, 91 short orders gained more than 10 points last week, and rebounded to 90.4 after being supported. The last line was pulled in at 90.2, and the day line recorded a small Yang of a long shadow line.
The crude oil adjustment level now comes to the 4-hour level, the adjustment range is 91.3 to 88.4, because the adjustment level has just been expanded from the 1-hour level to the 4-hour level, and it is still much lower in this range today.
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Crude Oil: Today’s Strategy Advice!
The top of crude oil is empty near 92-92.3, and the defense is 93.5, and the target is around 90 and 89.5. The bottom is long near 89.5-90, and the defense is 88.5, and the target is around 89.2-88.7. Specifically, wait for the real-time strategy to update the entry point, and you need to follow up offline. Friends who do not follow up in real time may make operational mistakes. You can join the group to pay attention to the latest news and follow market trends in real time. Strategies are subject to change at any time.