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...
Hi Traders ! The USOIL Reached a Strong Resistance Level (79.72 - 78.47) The Price Formed a Rising Wedge Pattern. Let's Expect The Bearish Scenario: If The Price Breaks The Support Line and Closes Below That, I Will Sell on Retest... TARGET: 70.50🎯
Crude oil (USOIL/XTIUSD): Yesterday, crude oil entered the market as planned and harvested profits, reaching a perfect position of 72.2, with a profit of 140pips. Today it opened at 72.1, rising by 5 US dollars in the morning and then falling back, similar to the trend of the previous two days. The bulls resisted tenaciously in the morning. Although there is...
Oil was supported near 72, has now risen, has broken through the downward trend, and is now in shock If the oil does not fall below the important support of 72 this week, we can be sure that the oil may have reached a phased bottom. So this week we need to pay important attention to the support strength of 72. If it falls below, the oil will look for the...
OPEC has not taken a real approach to enforce compliance with selective production cuts, and the production cuts are expected to continue until the first quarter of 2024.Since OPEC's meager production cuts of one million barrels per day are unlikely to offset the impact of the decline in global crude oil demand, it is expected that there may be an oversupply of...
Crude oil (USOIL): Crude oil opened at 73.3 today. It was volatile in the morning and the market was running slowly. Yesterday’s crude oil was long and short in shock, and the range also had an amplitude of 20 US dollars. However, the overall trend was still suppressed by the pressure from above and could not break through. The bulls were not to be outdone. ,...
After this sharp rise, the 1h chart once again showed a top divergence, with supports located at 2039, 2031, and 2023. The market is very close to the high of 2076, so long transactions should be cautious. My trading today will be mainly short positions. At the same time, some will be reserved for waiting around 2020. If your account has enough margin, you can...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Oil prices soared as storms in the Black Sea region disrupted oil exports from Kazakhstan and Russia, raising concerns about tight supply as investors awaited a major OPEC+ decision. Severe storms in the Black Sea region have disrupted oil exports of up to 2 million barrels a day from Kazakhstan and Russia, state and port authorities said. The Ministry of...
Yesterday I said that oil has broken through the downward trend, and now it is blocked from falling in the middle of the trend line. If it continues to fall, we need to observe the support strength of 76-76.3 So you can buy gradually in this range, because the OPEC meeting is still uncertain, if it falls below the range, you need to strictly set the stop...
Oil is currently priced at 74.245 to buy a large amount. Make money with me. 75.5-76TP
The OPEC meeting originally scheduled for November 26th will be postponed to November 30th, and OPEC will change to an online meeting on November 30th, which will affect the trend of oil. Oil has always been weak, volatile and falling Observe the support strength of the support range 73.7-74.1 of the last rebound If it falls below this support range, oil may...
USOIL if it breaks below then next target will be 61$ - 62$, if breaks above with retest then next target will be 98$ to 99$
I wanted to draw your attention to recent developments within the Organization of the Petroleum Exporting Countries (OPEC) that could potentially impact the oil market significantly. It appears that OPEC is inching closer to reaching an agreement on production cuts, as several African countries have now joined forces. Over the past few weeks, discussions within...