I want to bring attention to recent developments in the oil market, in relation to have recently announced plans to reduce their oil purchases, in response to the spike in interest rates from the central banks of England, Norway, and Switzerland. This move by central banks is significant, suggesting a shift from reliance on oil as a critical commodity. With...
The USOILSPOT market witnessed a remarkable surge in momentum last week, fueled by positive economic data from the Chinese government. As a result, USOILSPOT closed around the $72.00 zone, allowing us to secure over 500 pips in profit through multiple entries. The rise in oil prices was primarily driven by increased Chinese demand and supply cuts from OPEC+....
The current one-hour direction is running in a bullish pattern, and the intraday callback is mainly to do more. Wait for the price to fall and then take advantage of the trend to do more. Pay attention to the price of 72 and 71.8
After finishing the high range at the beginning of this week, the price peaked one hour after the price fell below 70.8 yesterday, and the short-term direction changed from long to short! Before a new bottom pattern appears in one hour, taking advantage of the trend and high altitude is the only trading idea. After the intraday price rebound, you can pay...
SELL71.8, see the 70.5 line, just break through 72.3 and stop loss. Generally speaking, the oil price range is 72.3-69.9 within the day! If you break the upper and lower support levels, change your strategy and follow up! Intraday strategy follow-up is closer. . .
For Wednesday, the 67.55 - 66.71 region can contain weekly selling pressures, above which 74.29 remains a weekly target, 76.78 attainable within 2 - 3 weeks. Upside Wednesday, 72.36 can contain intraday strength, while pushing/opening above 72.36 allows 74.29 intraday, able to contain buying through the balance of the week. Closing today above 74.29...
On the whole, today's crude oil price should focus on the 71.8 high point and 72.5 resistance for the upper resistance, and the 70.4-69.5 support for the lower part. During the shock period, you can sell high and buy low, and swing trading can maximize today's benefits
My Fibonacci Clustering model reveals a potential downturn in USOIL prices to as low as $28 per barrel. This observation is rooted in the unique properties of Fibonacci sequences - their self-similar and repetitive nature often mirrors price action in a wide array of financial markets, including commodities such as oil. Historical evidence supports the...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as we can see that price rejected from bearish order block + psychological level 72.00. Like, comment and subscribe to be in touch with my content!
International oil prices were basically stable this Friday, and the U.S. index rebounded from a more than one-month low, limiting the rise in oil prices. Oil prices snapped a two-week losing streak on optimism over rising energy demand in top crude importer China. The upper pressure level of crude oil is 71.63 US dollars. The data released on Thursday showed that...
The oil market has experienced significant volatility throughout the week, starting with a price spike due to Saudi Arabia's one million barrel production cut, followed by a plunge in prices after the US and Iran denied a temporary nuclear deal. Despite the highly-publicized Saudi output cut, US Oil prices saw another decline at the end of last week. As we...
USOIL30m chart, after the arc bottom is formed, encounters resistance near 70, forming M top (double top), MACD death cross, judging from the shape, it should be a pullback and then rise, so, my trading point of view is to be short first , and then go long. Trading Signals: sell:69.3-69.5 tp:68.5-68.3 buy:68.5-68 tp:70.3-71
For Thursday, 69.12 can contain buying through the balance of the week, possibly resulting in 62.14 over the next several weeks. On that score, a settlement today below 67.16 would affirm 62.14 as a 1 - 2 week target able to contain broader market selling into later summer. Upside Thursday, pushing/opening above 69.12 allows 71.51, while closing today...
At present, the hourly line of crude oil falls directly from the top of the screen to the bottom, and the k-line is directly below the moving average. The decline is obvious. Operation strategy: short crude oil around 71.5, stop loss 72.5, target 66
Today's crude oil rose as scheduled, came to around 69.4, today in the transaction we chose to go long, got a very good profit, it seems that OPEC+ decided at the early June meeting to extend the current crude oil production reduction plan, and Saudi Arabia promised to cut crude oil production by 1 million barrels / day in July, and said that it will extend...
Crude oil is already close to the key support level below, which is a good opportunity to go long, and we are starting to enter the market usoil: buy @67-67.5 tp:69-70 The shark trading team will provide a lot of trading strategies every day and provide a lot of management services to make your trading easier and achieve stable income!
A very typical shock trend, last trading day under the EIA and API double favorable stimulation oscillation upward test pressure level, from around 72 oscillation counter-pumping in the refresh high touched the 73.2 line and then the shock fall, a wave of sharp fall touched around 69 and then rebounded, in the short term a shock box is also very obvious, this is...
A two-sided framework continues through summer between 62.14 long-term support, and 82.45 long-term resistance, both regions able to contain seasonal activity. Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year. Upside, a weekly settlement above 82.45...