The overall trend of crude oil was still very strong yesterday, but there was a retracement that was a bit unexpected, but as long as the direction is right, there is no need to worry about the long way to go. The 86.7 and 86.2 long orders we gave are still ushering in rebound profits. The trend of crude oil during the day will be very critical, and the formation...
Crude oil has also previosly reversed from 200-day moving averages on the daily graph, making a reversal. This moving average has acted as a strong resistance. I expect it to do the same now, at least until $74. Then we can target $72 with more risk.
Crude oil fell sharply at the beginning of last week and fell to 63.6. The main reason for this abnormal phenomenon is that the demand for crude oil was affected by the economic recession. Based on the previous news, the main reason for the decline of US oil may be related to the recent news. Too light. After OPEC announced its production cut plan in early April,...
Combined with the trend of the hourly chart, U.S. oil continued to stay high and fluctuate within a narrow range after pulling up yesterday. This state indicates that the market may rebound again, but whether the top can break through 74, and whether it can press 75.5-7 is irrelevant. It's too easy to judge, after all, this wave of recovery still seems very...
The decline in U.S. crude oil inventories and the suspension of exports from the Kurdistan region of Iraq have supported the upward trend in oil prices, overshadowing the smaller-than-expected pressure on Russia's supply cuts.At the same time, five OPEC+ representatives said that the alliance may stick to the existing oil production reduction agreement at Monday's...
Judging from the trend of crude oil, since crude oil rebounded above 74, the technical bullish signal has been significantly strengthened.However, although the current oil price has returned to the range of the box, on the whole, the current price has basically touched the vicinity of the pressure zone of the previous box shock.In addition, judging from the...
Roman Roland once said that people often feel that the stage of preparation is a waste of time. Only when the real opportunity comes and they are unable to grasp it, can they realize that their usual lack of preparation is a waste of time. Recently, it is mainly due to people's concerns about the global economy that have dragged down oil prices. However, the...
Oil prices bottomed out and rebounded on Thursday, ending a three-day decline. Earlier, there were reports that Saudi Arabia and Russia met to discuss how to strengthen market stability. The two countries continue to promise to abide by the decision to reduce their production target by 2 million barrels per day by the end of 2023; helped by a strong rebound in the...
There are still concerns about the banking crisis in Europe and the United States in the market. Some investors are even worried about the arrival of a new round of global economic crisis. Moreover, the market is still worried about the oversupply of crude oil, and the future of oil prices is still biased towards bears. It was mentioned in the article shared...
CRUDE OIL is trading in a downtrend In a local falling channel And after the retest of the falling resistance We are already seeing a bearish reaction So i think will fall a bit further down
Here is my view for WTIUSD on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD/Crude Oil on H4. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD on H1. The price could go down, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD on H4. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Here is my view for WTIUSD on H1. The price could go up, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!