USOIL USOIL: With the decline of last week's news, it has become a blow. The restrictions on the export of oil from Iraq, a major oil country, have led to an increase in market demand, which has led to a short-term rise in oil prices. The news has not been released yet, and Trump has not continued to mention this matter. As a short-term strategic reserve resource, oil will rise when market demand rises. It is only a matter of time before oil prices rise. In the short term, we need to pay attention to whether the oil price of 67.5-68 can be stabilized. In terms of trading, buying at low levels is still the main strategy.
MCL1! ,, This is an updated WTI Crude Oil Futures chart showing a significant price recovery, now trading at $67.09 (buy) vs $67.03 (sell). The chart provides a longer-term view with important technical developments. Key observations:
The price has recovered back above the critical $67.00 psychological level There's a recent bullish rectangular consolidation pattern visible just above the $66.00 level The price has broken above the descending red trendline that was previously containing the downtrend
For Monday's price action, I see these possibilities:
Primary scenario: A continued move higher toward the $68.19-$69.76 resistance zone. The breakout above the descending trendline combined with the bullish consolidation pattern suggests momentum may be shifting to the upside. The recent higher lows and higher highs pattern supports this view. Secondary scenario: A retest of the recently broken trendline around $66.80-$67.00 as support before potentially continuing higher. This would be a typical "pullback to retest" behavior following a breakout.
USOIL Dear traders, are you still wondering how to trade oil? Short or buy? Then take a look at Jack's ideas.
Friends who continue to pay attention will know. After issuing a buy order of 62 in the early morning, oil successfully reached the target above 70. This is profit. This is the precision. If you follow it, then you will definitely get the same profit. This is the effect of "exclusive signal".
USOIL: Under the influence of the news that the supply line of oil was interrupted, the price of USOIL came above the expected 67. If the position stabilizes, it will continue to hit the position of 68. Of course, the impact of non-agricultural data is also very critical. Combined with the current situation, it is the same as what I expected yesterday. Continue to be long. See if the target around 68.5-68 can be achieved.
Keep an eye on the real-time trading opportunities announced in the analysis circle every day. If you want to follow. CL1!CRUDEOIL1!WTI3!MCL1!
USOIL Dear trader friends, are you still curious whether you can buy USOIL or continue to short USOIL? Listen to Jack's opinion.
From the trend of oil, it is still in an overall downward trend. USOIL is currently priced at 66.2 (based on Tradingview). From the news perspective, the short-term supply line is blocked, which may cause the demand for oil to rise and lead to the rise of oil prices. Combined with the four-hour USOIL, a double bottom structure is formed. Therefore, the short-term comprehensive assessment is mainly buying, and pay attention to whether the price of 67 can stand firm in the market. If the position of 67 stands firm, there will be a rebound climax of 68-68.5 in the short term. Focus on the release of "non-agricultural data" tomorrow.
Personal thoughts, for reference only. If you follow my signals or refer to my suggestions, remember to pay attention to the real-time notifications within the analysis circle. Convenient for subsequent operations or closing positions.
USOIL USOIL: With the decline of last week's news, it has become a blow. The restrictions on the export of oil from Iraq, a major oil country, have led to an increase in market demand, which has led to a short-term rise in oil prices. The news has not been released yet, and Trump has not continued to mention this matter. As a short-term strategic reserve resource, oil will rise when market demand rises. It is only a matter of time before oil prices rise. In the short term, we need to pay attention to whether the oil price of 67.5-68 can be stabilized. In terms of trading, buying at low levels is still the main strategy.
