USOIL Latest Analysis and Precise Trading Signals

3 days ago

USOIL News Analysis: US crude oil inventories unexpectedly increased by 2.4 million barrels last week. Market expectations suggest OPEC+ may consider further production increases at its meeting this weekend, heightening oversupply concerns. International crude oil prices fell to a two-week low during Thursday's trading session. Market research indicates that OPEC+ will hold a meeting this Sunday, with eight member countries and major oil-producing nations such as Russia discussing whether to increase production further in October. If this decision is made, OPEC+ will lift its production cuts of approximately 1.65 million barrels per day, representing 1.6% of global demand, more than a year ahead of schedule.

Technical Analysis: Yesterday, international oil prices saw a slight rebound after breaking the bottom in volatile trading. They quickly retreated in the evening, breaking through the 62.8 mark before quickly rebounding. The daily candlestick chart closed with a small bearish candlestick pattern. Oil prices are showing signs of breaking below the 14-day moving average, but technically haven't broken below the support level. Short-term focus is on the upper resistance level of 64.7 and the lower support level of 62.2. USOIL watershed is $63.7

USOIL Latest Trading Recommendations:
1. Buy Support Zone: $61.3-60.6, Target: $62.2-62.8
2. Sell Resistance Zone: $63.7-64.5, Target: $62.8-62.3
Trading involves risk; manage your position appropriately.

12 hours ago

Note

USOIL's precise buy trading signal has been accurately achieved.

12 hours ago

Note

The upside has exceeded the TP target range of 62.2-62.8.

12 hours ago

Note

Those traders who execute will win profits.

12 hours ago

Note

I hope that every accurate signal can help independent traders and make trading profitable easier.