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,...
Recent technical analysis has revealed a bearish signal as the Exponential Moving Average (EMA) 50 has crossed the Fibonacci .618 level, indicating a potential downward trend in oil prices. Technical indicators serve as valuable tools to assess market movements and make informed investment decisions. The EMA 50, in particular, is widely recognized for its...
Recently, the Organization of the Petroleum Exporting Countries (OPEC) released a groundbreaking report that sheds light on the promising future of the global oil market. The report highlights the continued surge in oil demand from two of the world's fastest-growing economies, India and China, well into 2024. This revelation opens up opportunities for us to...
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...
As you may be aware, recent market conditions have created a tight physical market for oil, presenting a promising landscape for traders like us. The sentiment surrounding oil has been significantly impacted by various factors, including the slow growth of the Chinese economy and the aggressive rate increases implemented by the Federal Reserve. These...
Good evening, here's another view of oil im currently monitoring the 4hr chart. After the retrace from the bearish cypher pattern. Oil retested B leg and bounced back up to the supply zone. There's a apex that has formed, that is set to be completed by Late Thursday Futures session-Early Friday Futures Session. Oil is showing oversold w/ below the cloud action....
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...
The failure of oil's upward attack on Thursday means that the previous pattern of range volatility has still not been broken. Although a new high of 74.73 appeared in the middle, it can only be seen as a kind of strong rebound. After the sharp drop last night, it means that today will also continue the downward trend, and the market will build a more complex range...
In the morning roadshow, crude oil gave a short-term idea of selling at 74.25 and has now reached the target as scheduled. Since the megatrend is still long, we still consider it much lower after it falls into place in the evening.Crude oil operation recommendation 73.20 buy stop loss 72.75 target 74.20~74.70
Crude oil made a small gain yesterday. The oil price of 70.80~71.70 tested the previous high pressure again, but returned in vain.At present, the decline is not over yet, and there is a possibility of a short-term pullback to start the bottom, so today we are bearish and then choose the opportunity to buy. The chart is a 4H chart of crude oil Crude oil is...
oil bottomed out yesterday and failed to continue the short-term trend, indicating that the short-term adjustment has ended, and the bulls in the market are about to move again. The early decline is close to half. It is also possible to become a new starting point for the bulls. The gains and losses of 72.20 are mainly seen in the future.For crude oil operations,...
Crude oil was in the adjustment stage for most of yesterday. A full rest is conducive to the bulls to continue their upward attack in the later stage. They started another upward movement from 71.30. At present, they have hit a new high in this round of gains, so they are mainly long during the day. This idea is a continuation of yesterday's idea, and the...
Crude oil failed to rush up yesterday and broke doThis wave of decline is estimated to have trapped many friends. If you have no choice now, you can contact me , focusing on later EIA data. I will give you suggestions in the channel below, if you are still confused, please click to enter.
After the operation of crude oil on the last day of April and the first day of May, the overall trend has shown signs of short-term bottoming, which means that the decline starting from 83.53 may end in stages, so it is more stable today as long as the decline stabilizes. Much lower. Operationally, the short-term rebound is the main focus, and the focus is on the...
U.S. crude oil fluctuated slightly and is currently trading near 76.06 U.S. dollars per barrel. The rebound of the U.S. dollar has put pressure on oil prices, and the First Republic Bank of the United States fell nearly 50% after hours, which also caused the market to worry about the banking crisis. The slight increase in U.S. drilling data also made the bulls...
Hey, the oil market has reached an important area as you can see in the analysis. There is a high probability of an uptrend with a retest of the descending channel. good luck for everbody .Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
We revisit 88E once again and can we reach our previous 10x on investment once again? If we break our multiyear downtrend line again we could be looking to big breakout. initial targets we would be looking at would be around tp 1 = 1.1 tp 2 = 2.5 tp 3 = 5 News is due in coming weeks and depending on results we could surpass our TP3 targets if 88E hits a new...
The short-term rebound of crude oil is under pressure to fall back, and the previous wave of short-term declines will continue, waiting for the rebound to participate in the evening.For crude oil operations, it is recommended to sell at 79.8, with a stop loss of 80.2, and a target of 79.8~78.4. The chart is a 4H chart of crude oil Crude oil's rebound is based on...