I am bringing your attention to some concerning factors that may impact the oil market in the coming months. It is crucial to be cautious and prepared for potential challenges ahead. Firstly, the rise in interest rates is likely to impact oil prices significantly. As interest rates increase, borrowing becomes more expensive for oil companies, reducing investment...
First and foremost, the oil market has been showing remarkable momentum lately, and I believe we are on the brink of a potentially profitable move. The latest Simple Moving Average (SMA) crossover signals a solid bullish trend, indicating an upward price movement. This is a great sign for us looking to capitalize on the market's upward potential. But that's not...
The overall trend of crude oil was strong yesterday, and it was a slow rise. Although the volatility is not large, the trend is obvious. A hammer line is charged on the daily line, and the price is running above the moving average. As long as the MA10 is not broken, the oil price will continue to strengthen. So the overall idea today is to look at the strength...
Given the current set up on the daily Time frame we can see that price has broken out of the Rising wedge Formation creating some sort of double top on the bigger timeframe (Monthly and weekly), my bias for this pair is to short up until the 28-32$ a barrel zone of coinfluence it is than we can look for longing opportunities , one other reason for a short we need...
I am reaching out today to discuss a concerning trend in the oil market, specifically related to the 50 Exponential Moving Average (EMA) and the subsequent selling pressure it has exerted on oil prices. As traders, we must remain cautious and vigilant in light of these developments. Over the past few weeks, we have witnessed a significant decline in oil prices,...
In the past week, we have witnessed an unprecedented surge in oil prices, driven by a third consecutive week of negative oil supply and the lowest levels seen since January. This remarkable turn of events presents an exciting opportunity for all oil traders to capitalize on the market's volatility and maximize their gains. The current market conditions have set...
According to the current shape of crude oil, there is still an upward trend in 1 hour and 4 hours. Today's main idea is still bullish, but the above profit percentage is not large. You can take the opportunity to short after the rise
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.
Crude oil first fell and then rose on Wednesday. The drop of 67 was blocked and then fluctuated upward. The EIA data was bullish. The oil price broke through 69 and reached a maximum of 69.7. Today, let’s see if 70 can break through, and then look around 72 after breaking the position. At the top, focus on 70.5, the hourly line, 69.7 is blocked and there will be a...
Today is the weekend and the last trading day at the end of the month, and the volatile market will be relatively large in the future But I predict that there is a high probability that oil prices will stabilize at $70 today Analysis: At present, continue to pay attention to the middle track of the hourly line. As long as this position is not broken or the big...
It has come to my notice that the price of oil has continued to drop below the crucial moving averages of both the 50-day and 200-day periods, indicating a potentially worrisome trend. As seasoned oil traders, we know moving averages impact market sentiment and price action. The fact that oil prices have fallen below these key indicators indicates the growing...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are still bearish, so I am looking for shorts. I see price to fill the imbalance first and then to reject from bearish order block and to deliver lower for taking sellside liquidity. Like, comment and subscribe to be in touch with my content!
Crude oil is still bullish at the moment, because the bottom is an obvious triple bottom, plus all the positive closing lines, this is a signal to continue to stop the decline, At the same time, crude oil is also operating in shock, the shock area is 67-74 line, Intraday strategy BUY69, SL68,
I am writing to discuss the recent fall in oil demands due to the interest rate hike. As you may already know, the Federal Reserve has raised interest rates, which has caused a ripple effect throughout the market, including the oil industry. Unfortunately, this has resulted in a decrease in oil demand, which has caused prices to fall. As a result, we are urging...
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.
The direction of crude oil is empty in one hour, and the bearishness is clear. After a slight rebound and correction in the intraday price, 69.4 is directly empty!
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+....