As a trader, it is crucial to approach these developments cautiously and consider their potential implications on oil prices. Firstly, it is worth noting that the oil market has experienced a cooling effect in response to the Federal Reserve's decision to raise interest rates. Historically, such rate hikes have led to a strengthening of the US dollar, which in...
In this short analysis, we will examine the recent price movement of oil within the range of $78.5 to $79 with a focus on the potential for a price reversal. We will explore key technical indicators, market sentiment, and other factors that suggest a possible shift in the oil's direction. Price Movement Overview: The oil market has seen a recent uptrend as the...
Hi traders, I think crude oil will continue to fall, what do you think? From the 4-hour chart, the downward trend of crude oil is obvious, but a short-term rebound to around 75 is a better short-selling point. The specific strategy is: short near 75, near tp1 73.8, tp2 near 72.5 If you agree with my point of view, welcome to pay attention TVC:USOIL ...
As an astute investor in the oil industry, I wanted to bring to your attention a recent development that could potentially affect the price of oil. The current state of the US economy, which has been exhibiting signs of slowing down, has the potential to cast a shadow over the oil market. Over the past few years, the US economy has been a driving force behind...
The continued fall of oil price will continue as its likely going to hit $64 per barrel within this month of july and will continue to fall more, According to DANCOLNATION CAPITAL TRADING STRATEGY, It will continue to fall on intra day and swing perceptive
Oil looks weak. It seems extremely weak, mainly because production hasn't come down. Chinese demand is still low and might never reach its ATHs, but this, along with the US refilling its SPR, can potentially send higher oil prices. However, this is unlikely to happen before the market takes out this quadruple bottom. Until all the lows are swept, and potentially...
The price of oil has taken a significant hit due to China's decrease in demand. As we all know, China is an essential player in the oil market, and any rate changes can significantly impact the industry. This news is disheartening. We have seen oil prices drop dramatically recently, leaving many investors uncertain about this market's future. However, I want to...
As you are likely aware, the oil market has been experiencing a significant drop in prices in recent weeks, and this warning serves as a reminder of the potential risks involved in short selling during times of volatility. Furthermore, we are also waiting for China's announcement of interest rate cuts, which could further impact the oil market. It is essential to...
As you may have noticed, oil prices have recently ticked up on bargain hunting, but demand worries continue to weigh heavily on the market. While this may seem like a good investment opportunity, I urge you to exercise caution. The global pandemic has caused unprecedented disruptions in the oil industry, and the future remains uncertain. Demand for oil is likely...
NRGD goes up when oil goes down; this ETF tracks the oil futures ; it is leveraged and managed. Here on the one-hour chart with an Bollinger Bands and EMA bands indicator added, it can be seen that price had been trending down in two waves beginning June 1st , Upon dropping outside the BB lower line, price reversed upward to reach the upper BB line and...
I wanted to bring to your attention some recent developments in the oil and financial markets. Specifically, there are concerns about the impact of upcoming signals on the U.S. economy and monetary policy. This week, we expect U.S. consumer inflation data to be released on Tuesday, which will likely factor into the Federal Reserve's decision on interest rates on...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
I think oil is going to check sp line again. The last oil analysis went so well and it's still down trend.
Yesterday, the market continued to fall as scheduled and adjusted to reach the support level of the chips below. In the short term, we can continue to focus on the pressure of the chip peak (around 73.80). We can also clearly see from the above picture that the CCI has further upward movement In the short term, there is also a lot of pressure at the top, just...
My friends, the trend of crude oil today is consistent with what I expected. It is now almost close to TP. Crude oil is still in the range. Profitable friends can consider reducing their positions to maintain profits. I hope my suggestion will help you and allow you to continue to make a profit. Follow my trading signals,Accurately grasp every trading signal,...
Recently, the market's expectations for future fuel demand have declined due to the heightened risk of the U.S. economic recession, and API and EIA inventories have rebounded by varying degrees, which further supports this expectation. However, the AIE International Energy Agency strongly supports crude oil demand, coupled with the expectation of a new round of...
The pattern of crude oil is similar to a double top, with resistance levels near 78.8-79.2, so a short signal was given before the market today. Now the trend is still in a short form. The rebound is a short opportunity. If you can't grasp the timing well, you can find me
Currently, on the 4-hour timeframe, we are in a bearish range that ranges from 83 to 76, with the latter being the liquidity point of the range. Thus, we can look for a reaction in the gray zones, with the first zone being at 81 and the second zone being at 82, to consider a possible short operation. Alternatively, we can descend to lower timeframes to follow the...