Yesterday, the conflict in the Red Sea region of the US market escalated, and a cruise ship incident occurred, so gold and crude oil rose sharply. However, the biggest impact of this incident was on energy, and the impact on gold was limited, So, crude oil breaks through the technical suppression of the 4H mid-track and continues the upward trend. On the weekly...
TVC:USOIL TVC:DXY Hello Traders. Let's continue our analysis of USOIL. Before we predict next week, let's take a look at oil chart's trend along with the DXY index. The price continues to move in a downward trend. Due to the support area, we can expect a rise in oil price to the previous high level. (If weekly DXY doesn't consolidate above 103.285) ...
Looking at the four-hour trend, crude oil is still running in a downstairs structure, with the upper resistance at the 72.8-73.4 area. Only a further breakthrough can change the overall trend. However, because crude oil has a large V-shaped reversal at low levels, bulls still take the initiative in the short-term trend; the short-term watershed between long and...
In the 4-hour chart, a consecutive positive rebound broke the weak decline and returned to the mid-track shock. Judging from the closing situation of the K line, the short-term rebound is still strong. The hourly chart rebounded based on the downward test of 67.70, and stabilized the upward trend from 69.50. The 4-hour chart reversed the weakness. In the short...
With the EIA data today, the market is bound to experience significant fluctuations. From the current point of view, I think the probability of an upward trend is relatively high, so my trading strategy is to go long. During this process, since the fluctuations will be very large, you must do a good job in risk management and never let your transactions bear...
Crude oil (USOIL): Yesterday, crude oil broke through the 68 area, reaching the lowest position of 67.7. Today opened at 69.8, and the amplitude of five or six dollars in the morning was not too big. It broke below yesterday, but it did not stay too much. In the evening, the decline was gradually recovered, and the daily K closed a green line. There was only one...
According to Downtrend channel To The end of Impulsive Wave To fibonacci Retracement
USOil WTI has shown a robust bearish trend of late, reaching into a noteworthy support level on both daily and weekly charts. The accompanying video offers an extensive breakdown of this trend, meticulously dissecting price actions and pinpointing potential trading prospects by conducting a comprehensive analysis across various timeframes, spanning from weekly...
I recommend you to sell USOIL at these levels as you can see we have a big downtrend and we have a classic price action we wait to break a previous support and then we will force our trade
Usoil Formed Head & Shoulder selling formation. Sellers can enter for Long term Selling side. Safe Traders can exit in Target 1 and can renter at retesting zone.
Before, I have notified that oil can be bought gradually starting at 69.4 Oil reached a minimum of 68.8 yesterday. If you follow my strategy to buy gradually, you have made a lot of profits now. There is currently a lot of resistance near 70.8-71. Judging from the chart, oil has temporarily moved out of the downward trend, but it needs to be observed whether...
Crude oil (USOIL): Today opened at 71.1, the Asian market rose by 6 US dollars, the daily chart continued to rise, the upper pressure is in the area of 72.2-72.3, today we will first see whether the upper resistance is effective. I will update the crude oil signal later
The European Commission initially wanted to ban the sale of used tankers to Russian entities or their use in Russia, as well as the sale of used tankers to entities that could use these tankers to circumvent ceilings. G7 oil prices, but this provision has been canceled. One of the sources said Mediterranean countries with powerful shipping lanes fear the measures...
As far as we technical traders like to complicate things, I am always looking for simple reasons to validate what I 'M seeing on the chart. USOIL_CRUDE is now on a downtrend since September making a series of lower lows and lower highs.For me to change my bias on USOIL I want to see the market trading above 78$ which is my level for oil to really validate my...
Crude oil (USOIL): Crude oil opened at 69.7 today and rose by 7 US dollars in the morning. Yesterday, we planned to go short near the daily pressure of 70. In the afternoon, it broke through the 70.4 line and stopped falling at the 68.8 line in the evening. We successfully made a profit, but It did not fall to my ideal point of 68, but has since rebounded and...
Yesterday, the market rose first and then fell in the evening. It once reached the 69.10 line below and is still rebounding slightly. Now there is a desperate counterattack signal at the 69.10 line. It is expected that a rebound is about to happen. It depends on the strength of the short-term rebound. The short-term general direction remains unchanged. In the...
From a technical point of view, the oil is already oversold You can try to buy oil gradually at 69.4 now and control your position, so that your success rate will be greatly increased. Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
Crude oil (USOIL): Crude oil broke the bottom yesterday and stopped at 69.1. It opened at 69.2 today and rebounded at 69.8 in the morning. The trend is not much different from the morning trading of the previous two days, and the trend continues to be bearish! The Japanese K has fallen for five consecutive times, and the short sellers have almost reached the...