1 Technical analysis of crude oil:
Crude oil consolidated and closed higher at a high last Friday. The daily line further closed with a small positive line. It consolidated horizontally at a high level and gathered momentum. A strong consolidation replaced the retracement. It stepped back to the 86.0 line and started to steadily close at a high level again. The...
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 Analysis⛽
Crude Oil Analysis⛽
Yesterday, as Saudi Arabia announced plans to further cut production, oil prices rose by more than 20 points in a straight line from around 85, and the intraday peak rebounded to around 87.9
The 87.6-7 short order we gave at the end of yesterday did not fall to 86.2-4 until today, giving a profit margin of more than 10...
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.
MCX:CRUDEOILM1! trading near resistance and 50% fibonacci retracement level. may come downwards if made a reversal successfully between 59010-5880.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment...
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,...
In terms of crude oil, the daily line rebounded on Friday, and the previous low of 64.1 had strong first-line support, forming a double-bottom pattern. Crude oil on Monday focuses on the position above 70.0, with a stop loss of 69.2, and the target is above 72.6-73.0; sell backhand empty orders near the pressure line of 73.8 above!
Because of market concerns about the recession, the demand for crude oil has been hit to a large extent. Then the acceptable price of crude oil in the cycle of slow economic development is in the 70-65 area. People familiar with the crude oil market must know that crude oil basically fluctuated in the 70-82 area in the early stage. Judging from this, crude oil...
Because of the impact of the banking crisis and the U.S. debt ceiling issue, the risk that the economy may fall into recession has been exacerbated, and U.S. data show that consumer confidence is insufficient, which is a very big blow to the demand for crude oil, causing crude oil to plummet in the short term and completely make up for the technical gap. Can crude...
Although the major oil-producing countries have implemented production cuts to give some support to crude oil, the demand for crude oil is not too strong because the economic recovery may be much slower than originally expected.Because when market demand surges, OPEC does not need to cut production significantly, so oil prices may not rise further, but will...
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...
Although the interruption of some exports from the Kurdistan region of Iraq has raised concerns about tighter supply, the United States is expected to start strategic reserve repurchases during the year, which will also benefit oil prices to promote a rebound in oil prices.However, because of the geopolitical situation between Russia and Ukraine, it is more the...
MCX:CRUDEOIL1! broke down a major support zone and now that support zone acting as a major resistance zone . upcoming strong support zone 4705-4200. upcoming trend will be sideways to downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed...
YOU will have the opportunity of buy and sell. just wait for the momentum change on small time frame. price has to come down in order to take orders and take new bees stop losses.
follow the trades and enjoy.. Happy trading
There may not be a shortcut to success, but there must be a way.Give up what should be given up, grasp what can be grasped; only insist on investing in your own investment standards.
Yesterday's short crude oil orders reaped very good profits, and the current crude oil is creating favorable trading opportunities for us.
At present, the U.S. Secretary of Energy...
Crude oil prices continued to fall today, and are currently trading near US 65 per barrel.On the fundamental level, the supply and demand structure of the international crude oil market is still a small oversupply. Unless OPEC has a significant production reduction, it will be difficult to achieve much growth on the demand side.
Although UBS reached an agreement...
As the banking crisis hit the global financial and oil markets, NYMEX crude oil and Brent crude oil both fell more than 9% this week, and oil prices will record their largest weekly decline since the week of December 9 last year.
From the perspective of the trend, crude oil rebounded weakly after breaking through the level. Whether it is the daily or weekly line,...
