Crude oil was oscillating in a narrow range the day before yesterday to prepare for the next long start. If the pullback is in place, then it is an opportunity. Crude oil is bullish for the following reasons: The daily crude oil line closed out of the Zhongyang Line, and is currently waiting to test the last rebound high of 73.88. The second rebound of Wave B...
Recently, the market's expectations for future fuel demand have declined due to the heightened risk of the U.S. economic recession, and API and EIA inventories have rebounded by varying degrees, which further supports this expectation. However, the AIE International Energy Agency strongly supports crude oil demand, coupled with the expectation of a new round of...
Crude oil first fell to 70 yesterday, and then rose sharply. It fell and rebounded twice in 4 hours. It is fully in line with the short-term shorting analysis we gave yesterday. Combined with the daily trend, crude oil may rebound, which is very suitable for our short-term shorting. I suggest shorting near 73-73.5, pay attention to the timing of trading...
Crude oil is still oscillating in the range of 69.8-72.2.As long as it remains above 71.2, the upward cycle can be determined. Today's crude oil trading advice usoil:buy@70-70.5 tp71.7-72.7 Keep up with my trading signals and take you to make a profit of more than 300%
I recommend you buy USOIL at this levels as you can see we have a good set up to to continue pushing up
I am really happy that the trading signals shared with you today can make you a good profit. Next, I will always provide you with more accurate trading information. Join me and I will make everyone gain something every day. Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as...
Yesterday, there was a bullish signal at the 4-hour level of crude oil, and a small band of profit came out near 70.10. Through the analysis of the 4-hour chart, I learned that the current crude oil is fluctuating at 71-72, and I will look for opportunities in key positions. Specific strategies USOIL:buy@70.7 tp:71.7 Next, I will continue to provide more...
After digesting the expectations of the decline in energy demand due to the US recession, the market is now turning to OPCE+ again to continue to reduce production. Crude oil also continued to decline again. After the last trading day, it went out of a small pullback. The current low point has gradually moved up to the 70 mark. Operationally, it is better not to...
Hello Traders👋🏻 The USOIL Price Reached a Resistance Level (74.35-73.73) ✔ The Price Failed To Create New Higher High📈 Currently, USOIL Formed a Head and Shoulders Pattern ✔ The Neckline is Broken 🔥 If Price Stays Under The Key Zone, USOIL Can Continue The Bearish Move 📉 ----- TARGET 1: 69.80🎯 TARGET 2: 66.90🎯 ___________ if you agreed with this IDEA, please leave...
Driven by worries about demand linked to recession risks and the strain in the US banking sector, the oil prices experienced a dramatic decline in the previous week (6.5% drop). However, Oil prices received a boost after Friday’s robust US jobs report which eased concerns over the prospect of a downturn in the economy as strong jobs growth is often a plus for oil,...
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.
Based on Daily Timeframe, last thursday US Oil test its lower level & from this level, we see a bullish pin bar candle. Now we see US Oil is at it's major resistance level & also last day candle close in green with a good length from downside. so we can expect that if US Oil show strength from these level than it can go 82$ level. so keep a eye on it.
The previous month witnessed a 4% drop in oil prices despite the OPEC+ member's decision to cut a further 1.7 million barrels from its daily output, adding to an earlier pledge from November to take off 2.0 million barrels per day. The implementation of this pledged cut is supposed to begin next month - May 2023 and this could result in some interesting market...
CONGRATULATIONS to all . was a good momentum that why should always stay in the main trend
As you can see we have a good set up in the market also the market looking for a new levels at the down side in 4H
After filling the huge gap, US OIL now trading above the gap which is giving an indication that it will may rise more or may trade in sideway.
The much-expected bullish pressure following the OPEC+ decision to cut oil production appears to be losing steam as bears are defying OPEC+ again. The majority of market participants are of the opinion that the selling pressure witnessed in the previous week is a result of persistent US rate hikes and recession fears but if we take a look at this bearish move from...