Recently, oil prices have fallen to a certain extent due to multiple factors. This article will delve into the main factors affecting oil prices, including increases in crude oil inventories, + policy expectations, and the impact of geopolitical events on the market. From a technical point of view, it is still in a volatile decline, and the rebound is still...
Daily Bearish Stay Bearish bias until 1hr -OB is closed above with a displacement candle @ 83.25 In this chart I am illustrating why IMO, this is a High resistance Liquidity run and not LRLR. The Price in the circle is Balanced, so for price to cut through this with ease is difficult all be it we have a signature LRLR bellow. So if a bearish setup appears don't...
This week I have a eye on 80.50 for price to reach. We have closed in the weekly fvg and now lying within a Daily FVG and Daily V.i The Daily V.i is important to reference as Monday we can trade higher into this.
Crude oil currently continues to maintain a good oscillatory upward trend along the short-term moving average on the weekly trend. It also maintains a good oscillatory upward trend on the daily trend. Although it has gone out of a slight rise and fall, the strong technical form is still the same. Nothing has changed. There is a certain degree of divergence in...
At present, crude oil is around 86, which has reached the expected high point. Although technically bullish, this level is no longer suitable for chasing the rise. According to technical expectations, it should be temporarily suspended between 86-85. If crude oil does not stop in the short term, then the short-term market will exceed expectations, so it is okay to...
U.S. crude oil inventories continue to rise, and short-term demand concerns have also increased. However, as expectations for U.S. interest rate cuts have increased, the loose atmosphere has given crude oil some support. At the same time, short-term supply-side pressure has increased as geopolitical conflicts intensify. Crude oil also stretched again after...
Crude oil is currently going through a wave of surges and falls on the weekly trend, but it still maintains its operation on the short-term moving average. Pay attention to whether there will be continued adjustment on the line next week. On the daily trend, the current price has begun to touch near the previous support band, and the downward trend has begun to...
The weekend was marred by rising tensions in the Middle East and between Russia and Ukraine, raising concerns about tight global supplies. The recent bullish trend of crude oil, the short-term correction is currently supported at the 80.8-80.5 support level As shown in the figure, today's callback can be mainly long. Strategy suggestion: You can buy long...
Defying our expectations, the West Texas Intermediate crude oil rose above $75 and began to form a rectangle pattern between $76.16 and $79.25 (following a breakdown of negotiations between Israel and Hamas). Currently, the USOIL is trading near the lower bound of this range, which also coincides with the 20-day SMA that acts as an alternative support level. On...
Last Friday there was a unilateral rise of more than 20 points, which is not large in terms of magnitude. After all, the one-day fluctuation in previous years was 30 points. Crude oil prices have been rising for 3 consecutive months. I think that in The price will usher in a correction this week. There will be a certain degree of decline. Share free trading...
Free signals are updated daily. Looking at the daily line, the Bollinger Bands continue to open, and the price fluctuates upward along the upper track. The pattern of Si Lianyang basically does not have too many callbacks. The overall trend is relatively strong. It is expected that the callback within the day will not be too large, and a small retracement After...
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.
Dear trader, I think crude oil will fall first and then rise, what do you think? Crude oil has been in a fluctuating upward trend recently, and it is possible to end the wide fluctuations that lasted for more than two months. The main trend is still low bullish mentality trading At present, you can go short first, and then go long The specific strategy is:...
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...
As we mentioned in our previous chart about USOil that it's heading towards its resistance and boom Straight drop from there hitting all our Targets 🎯🎯🎯
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.
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...
Crude oil gave the short-selling idea yesterday, and then the bears tested the previous low of 74 again. Needless to say, this wave of trend was caught, but because of the weak strength, it did not break the bottom successfully, rebounded, and still hovered in the previous pressure position, but the overall downward trend has not changed, so we are still bearish...