The recent market is complicated, quickly pulling up a wave, there is the risk of the main wash, but under the short trend, crude oil eventually closed lower for the second time, so for the time being, crude oil still maintains a short trend, bullish downside. Although this wave of bears seems to be able to continue, but there is no short pattern, in the daily...
As oil prices continue to fall, expectations of further OPEC production cuts and a major breakthrough in the US debt ceiling bill may limit the decline in oil prices
The OPEC+ meeting will remain in the spotlight later this weekend, as producers are expected to announce further production cuts to support energy prices
Personal Trading...
Today, as I expected, there will definitely be a rebound in the rapid decline in oil.
But you have to learn to watch the trend, pay attention to me, and I will remind you when it matters.
I will share my thoughts every day, if you need to know in detail, please contact me.
USOIL because of the negotiation of the US debt ceiling, coupled with Russia's commitment to reduce the actual production after the change, caused market concerns, coupled with a new round of OPCE+ meeting is about to be held, the overall pace of reducing positions was worried by the market, oil also fell from above 73 yesterday all the way to around 68,...
Crude oil is currently basically falling below the previous high volatility range on the daily line, and the daily trend continues to be weaker, and there is a certain uncertainty in the EIA data market in the evening. At present, the space for continuing to decline after a continuous low sideways trend is not particularly large, and the current price has...
In the short term, because a new round of OPCE+ meetings is about to be held, the market is also speculating on whether to continue to reduce production in the future, the current actual state is that global gasoline consumption is strong, U.S. crude oil inventories have declined, and the number of drilling has also declined, so short-term long and short have...
Oil prices reversed on Thursday and Friday to transition into a choppy situation to the disappointment of buyers as talks to raise the U.S. debt ceiling hit an impasse. Market participants were reluctant to have open buy positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend which...
On the fundamentals, it is still in a state of intertwined long and short positions. The optimistic expectations of short-term debt negotiations have given the market some support. Coupled with the recent strong demand for gasoline, there is a certain positive stimulus for crude oil in the short term. However, there is currently some uncertainty about the...
After the price rebounded slightly, the five-minute pattern peaked again, conforming to the one-hour bearish cycle, the rebound can be regarded as a correction to the downward rebound that began on Friday, so I will continue to wait for this opportunity tonight
Trading strategy:
sell@71.8 tp1:71 tp2:70.8
Next, there will be many trading opportunities for...
The weekly crude oil closing line is below the middle rail. At present, the moving average MA5 and the middle rail are both flattened, and the indicator macd is also flattened from time to time, which means that gold is currently in a low volatility.
The three-track contraction of the daily Bollinger band represents the compression of the range, which also...
The U.S. debt ceiling negotiations failed to reach an agreement last week. Although they will continue on Monday, there are some concerns in the market, which put pressure on oil prices, and U.S. Treasury Yellen's speech on the possible need for more bank mergers has also increased market concerns about the banking turmoil and crisis.
At present, it is already...
Sometimes opportunities will not wait for you. You have to learn to grasp them. Not everyone can make money. As long as you find the right person, fools can make a lot of money.
The crude oil is in line with my expectations, and it is perfectly profitable to leave. Friends who want to make money can prepare funds and wait for my next signal.
Follow me, as long...
As I analyzed for you before, although we did not give us a short position of 73 yesterday, the overall direction is still correct, and the market as a whole has not fluctuated very much, and it has remained between 73-70.
At present, international oil prices are rising, and investors are cautiously optimistic that the risk of U.S. debt default will subside, but...
A technical outlook for the week ahead!
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the price on H4 is forming a bearish channel, with the current notation forming wave 2, most likely a complex correction wave will occur. with a fairly high price range, it's better to be careful when you want to trade on large sideways.
The potential default of the US debt ceiling has created significant uncertainty in global financial markets, impacting various assets, including commodities such as USOIL (WTI Crude Oil). In this analysis, we will explore the potential implications of a US debt ceiling default on USOIL and present a trading strategy based on current market...
On the one hand, optimistic economic data eased the demand concerns caused by the recession, and on the other hand, inventory pressure continued, leading to the current crude oil entering a contradictory stage. Yesterday's crude oil volatility can be said to be the smallest in the near future, and the market is also paying attention to the new round of...
