OIL (BRENT) - BUY SETUP (JAN 2024) OIL (BRENT) is in a prime buy zone, indicating potential for an upward trajectory.
Unilateral rise; oil prices have continued to rise since the end of June, and are currently encountering strong resistance near the April high of 83.51 Unilateral rise. Oil prices have continued to rise since the end of June. At present, they have encountered strong resistance near the April high of 83.51, breaking through 83.5. The top short-term focus is on...
Crude oil had a complicated trend this week, and there was a rebound after gaining support at 73.8. On the whole, the promotion of various factors caused the price adjustment. On the whole, I think that in the future, crude oil will continue to adjust in the big picture, but the possibility of very large repetitions cannot be ruled out in the future. So what we...
The main reason why crude oil is bullish is: the three-wave abc adjustment of the sub-level has ended, so the bulls may break through the previous high again. Crude oil pressure 77.90~78.40, support 76.15~75.85.
😇7 Dimension Analysis Analysis Time Frame: Daily 1️⃣ Price Structure: Sideways to Bullish 🟢 Structure Initial Behavior: Choch Bearish 🟢 Move: Corrective 🟢 Inducement: Done 🟢 Pull Back Count: 1st 1st OB mitigated Extreme OB unmitigated Touch count 4, breakout from the range 2️⃣ Pattern 🟢TREND LINES: Act as Support 🟢CHART PATTERNS: Flag: Signaling...
Looking at the daily line, the Bollinger Bands opened, and the price has always maintained a sideways movement near the upper rail. The direction is dominated by bulls. Before there is a short-selling signal, we will not consider short-selling orders to enter the market for the time being. Yesterday’s callback is also holding 75 first-line important support,...
According to the analysis of the chart, the market stopped falling and rebounded at the bottom line of 73.80 as scheduled yesterday, and it was already informed yesterday that there was a super main force bottom-hunting signal in the bottom area. In terms of operation, we will continue the high-altitude and low-many thinking, and focus on doing more on dips oil...
Hi traders, I think crude oil is going to go down, what do you think? $76 was our tp point yesterday, and now we can see from the 4-hour chart that there has been no breakthrough here, and it is also a pressure level at present. So the trading strategy is: short near 76, tp75-74.6 If you agree with my point of view, welcome to pay attention ...
On Monday, May 22, crude oil traded around 71.2/barrel; oil prices rose and then fell last Friday as House Republicans and President Biden suspended negotiations to raise the debt ceiling, increasing the risk of a default that could cut energy demand; intraday Negotiations on the U.S. debt ceiling have resumed, and Biden and McCarthy will meet on Monday, so pay...
On Thursday, May 18, crude oil traded around 72.4/barrel; as optimism about oil demand and debt ceiling negotiations overshadowed concerns about ample supply, oil prices rose more than 3% on Wednesday, the largest percentage gain in nearly two weeks . The long strategy of the crude oil strategy 70-70.5 given yesterday is also a perfect stop profit 73, which...
On Wednesday, May 17, crude oil ran around 70.7/barrel; crude oil fell on Tuesday, as weaker-than-expected economic data offset the impact of the International Energy Agency (IEA) forecasting increased global demand, and the United Nations economic outlook report showed a strong recovery in the global economy , the outlook remains bleak ahead of the outcome of...
Crude oil is currently trading around 83.2/barrel on Thursday; oil prices rose more than 2% on Wednesday, hitting a five-month high of $83.51/barrel; the impact of a small increase in U.S. crude oil inventories; and EiA said that the global oil market may be tight in the second half of the year, This could push up oil prices. In yesterday's interval strategy,...
On April 18, U.S. oil traded around 81/barrel; crude oil fell more than 2% on Monday, as the dollar strengthened, and investors were considering the possibility of raising interest rates in May, which may dampen hopes for economic recovery. Russia expects oil production to remain stable until 2025, and shale gas production may hit a record high in May, dragging...
At the beginning of the Asian market on Wednesday, its transaction volume was close to 81.5/barrel; crude oil was nearly 2 % on Tuesday. After the market hopes to release a key inflation report this week, it may relax the tightening of the policy, but the concerns of demand still exist. In addition, Russia's production is effective, and the exit of marine...
At present, it is in the process of rebounding after a volatile decline, and the short-term trend is relatively volatile. On the one hand, oil prices have initially bottomed out, which is a bit like a sign of inverted V reversal; on the other hand, oil prices seem to be undergoing a correction after breaking the level and falling.At present, the short-term rebound...
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...
Trading is about making profits, not about venting frustration or trading for the sake of trading. Therefore, traders must understand what stage the price is at and take appropriate actions. Traders are neither always long nor always short, but always adapt to changes in the market. Traders must have their own defense system to control risks. Risk control and...
The core of trading is not how much profit can be made in a single transaction, but whether one can achieve sustained and stable profitability over the long term. In the previous article, the strategy given for crude oil was to go long at 78.5, with the target at 80.5, and it was a perfect take-profit. Currently, the support level on the hourly chart is at...