USOIL
New forecast
The oil price presents new strong negative trades to break the 84.81 level and settle below it, halting the proposed positive scenario and heading towards achieving a further expected decline in the immediate term, paving the way for heading towards 82.00 and 80.56 as the next negative targets.
Therefore, we expect the bearish tendency to...
Crude oil will continue to retreat when it falls. Crude oil fell sharply yesterday and closed down. The momentum of the oil price's opening decline has slowed down and has stopped falling. However, it is only a technical recovery, and the indicator signals are still biased downward.
Amid the general downturn in global financial markets, oil markets remain under...
n yesterday's trend, USOIL rose and fell very obviously. Today it is around 88.2 to 88.3, and the resilience at this position is very strong. I will test this support level and if there is no decline then I think it will rise to around 89.3 and 89.5.
In addition, the United States will release EIA crude oil inventories for the week of September 29 in five hours,...
Today, the lowest level of oil fell to around 87.76, but in the end it still returned to the range.Therefore, the success rate of trading in the range is currently very high.
Today, oil fell below the range. At present, we need to pay attention to 89.7. This place determines where the next direction is. If it continues to fall below 89.7, then oil is still a...
Recent market dynamics, characterized by a tight supply scenario and growing speculations of a Federal Reserve rate hike, have raised concerns about the future trajectory of oil prices.
1. Tight Supply Scenario
2. Speculations of a Federal Reserve Rate Hike
Given these circumstances, it is crucial to approach oil trading with caution. The combination of a tight...
Last week, oil broke through the range of 88.3-91.2 and rose as high as near 95.
Last week, I predicted that if it breaks through 91.2, it will be more likely to rise, but I did not expect that oil will rise so much. Every time it rises rapidly, there will definitely be a reversal. Now the oil is around 89.7 and it is back in the range, so now we still judge...
USOIL
New forecast
The price perfectly fulfills my last idea and price reached to our target .
On Wednesday, there is a meeting of the members of OPEC Plus, and the decision is in their hands. Increase production. We will witness a decrease in prices. Extending the reduction, we will witness an increase in prices.
Additionally tomorrow we have US crude oil...
Crude oil enters the market empty at 88
Continue to watch the decline, continue to watch 82, or even 75 line
Any position where crude oil rebounds is short. The current rebound of the big positive line is to enter the market for shorts. Once again, the 88 line enters the market for shorts. Get ready for a sharp drop to harvest. Crude oil rebounds, but it is...
Crude oil currently lacks news, and it is in a downward trend in the short term.Through the analysis of the hourly chart of crude oil, we know that yesterday the market first rose and then fell above the 91.60 line and fell back, and then reached the 88.30 line. It is currently hovering around 88.50, with no hope of short-term rise.
Through the analysis of the hourly chart of crude oil, we know that on the previous trading day, it first fell, then rose and then fell, forming a wide-ranging shock trend, which converged at the moving average support level below. We can clearly see from the attached picture below that in the previous transaction The market had already entered the weak zone on...
USOIL
New forecast
The oil price is facing strong support around 90.55, providing signs of an attempt to build a new ascending wave, which requires attention in the upcoming trading, as breaching 92.50 represents the key to restoring the main upward trend and heading towards 94.02 initially, while the price needs to break 90.55 to confirm the continuation of...
USOIL
stabilizing above 90.93 will support rising to touch 92.45 , 94.55 then 96.60
stabilizing under 90.93 will support falling to touch 88.73 then 87.48
Pivot Price: 90.93
Resistance prices: 92.45 & 94.55 & 96.60
Support prices: 88.73 & 87.48 & 86.08
timeframe: 4H
USOIL reached a peak of 93.000 last week, and the trading strategy this week is still long. First of all, it has experienced two declines and is now hovering around 91.100. My suggestion is to enter the market now and take profit at 91.800. Stop loss 90.700. Good luck and happy trading.
Gold fell from around 1930 to around 1845, with basically no rebound, that is, the bulls surrendered directly. This trend is obviously a short trend, and the lows continue to fall. Even a rebound of a few dollars is directly swallowed up by the big negative line. This It’s short energy.
The four-hour line of gold price has entered the next level. It continues to...
As an oil trader, you'll be thrilled to know that the economic conditions remain bullish, thanks to the continued OPEC + supply cut.
The oil market has been experiencing a remarkable rebound, primarily driven by the collective efforts of OPEC + countries to stabilize prices. With the ongoing supply cut agreement, we have witnessed a gradual reduction in global...
The latest consolidation in oil prices appears to be over, with both Brent and WTI posting solid gains. There are currently no signs of increased supply from major producers, and economic data continues to support the idea of more growth.
Crude oil has now reached 95.04, which has exceeded our expectation of 93.5. Under the current market conditions, crude oil...
Oil traders aggressively bought futures and crude oil's 20-day moving average to provide support. Crude oil opened at 90.53 and rose to 94.04 today.
The market direction remains bullish. The current trading trend will be a correction and a slow rise. 94.5-92.4 is the main range.
Seize the opportunity and don't trade blindly.
