The U.S. House of Representatives passed a bill to suspend the U.S. debt ceiling, offsetting the impact of rising U.S. crude oil inventories. Markets will also be focused on the OPEC+ meeting on Sunday. The focus will also be on non-farm payrolls tonight. The crude oil long strategy given yesterday is also perfectly in line with the expected trend to get a lot...
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.
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...
Crude oil futures (CL) is exhibiting head and shoulders bottom formation on the 4h chart. The price has broken out of the neckline. It is best to wait for a retracement followed by continuation before initiating long positions. Measured move target: $78.20.
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...
Crude oil fell back today and bulls rose again, and the point of decline was also very close to the expected point, but there will be normal shocks in the rise, and if there is a fall, there will be new long opportunities. Crude oil closed positive on a daily basis and broke through the range high, indicating that the recent sideways correction has ended, and...
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...
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...
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%
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...
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,...
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...
If oil closes below 68.49 next level will be $64.41
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.