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Usoilprediction

USOIL: Wait for a pullback to $59 to buy.During Monday’s Asian trading session, NYMEX West Texas Intermediate (WTI) crude oil futures rose 1.7%, trading around $59.30 per barrel. Oil prices opened strongly as OPEC+ agreed to halt production increases starting from Q1 2026, providing solid buying support at the open. On the 1-hour chart, crude oil is showing high-level consolidation, with prices repeatedly oscillating around the moving average system, indicating a short-term neutral, range-bound objective trend. However, from a subjective trend perspective, the bias remains to the upside. The MACD fast and slow lines have pulled back toward the zero axis and are about to form a bullish crossover, suggesting that bullish momentum is building. There is a high probability that crude oil will break to new intraday highs today. Intraday Trading Plan: Buy near: $59.00 Take Profit 1: $60.00 Take Profit 2: $60.50 Stop-loss: Adjust based on individual risk tolerance
TVC:USOILLong
by Ronnie_John
Weekly USOIL Trend SummaryOverall, USOIL oscillated at a low level with a slight upward trend during the period from November 24 to November 28, 2025. Despite minor fluctuations of gains and losses throughout the week, it hovered around $59 per barrel and failed to break free from the consecutive monthly decline trend that began this month. The specific trend is detailed in segments as follows: 1.Modest Gain at Week's Start with Synchronous Weakening Price Spread (November 24) USOIL kicked off the week with a slight upturn. It closed at $58.89 per barrel that day, rising $0.91 or 1.57% compared with the previous week's closing price of $57.98 per barrel. 2.Oscillating Consolidation in Mid-Week, with Gains Constrained by Oversupply Expectations (November 25 - 26) On November 25, oil prices traded sideways, hovering around $58.77 per barrel with a slight drop of approximately 0.91%. On November 26, the market rebounded, and the growth rate of the relevant oil and gas index expanded to 0.87%. Oil prices followed suit with an upward movement. However, they failed to break through the earlier oscillating range overall. Meanwhile, potential incremental pressure on the supply side left the oil price rally lacking strong momentum. 3.Minor Fluctuations at Week's End Awaiting Policy Signals (November 27 - 28) On November 27, oil prices pulled back slightly, and the corresponding oil and gas index edged down by 0.08%. After encountering resistance near $59 per barrel, oil prices retreated moderately. Market sentiment turned increasingly cautious as investors focused on the OPEC+ production policy meeting scheduled for Sunday. On November 28, oil prices inched up again, and the oil and gas index rose by 0.67%, hitting a weekly closing high of 309.33 points. Overall, although USOIL recorded a slight increase this week, it remained trapped in a low - range. Moreover, this month marks its fourth consecutive monthly decline, the longest losing streak since 2023. The main bearish factors weighing on oil prices include the expected lifting of sanctions on Russian oil driven by progress in the Ukraine peace talks and weak demand caused by the unexpected growth in U.S. crude oil inventories. Conversely, expectations of interest rate cuts by the Federal Reserve have provided some support for oil prices. Going forward, the production decisions of OPEC+ and changes in the geopolitical landscape will be the key factors determining the future trend of oil prices.
TVC:USOILLong
by KingArthur_
USOIL trades with a weak oscillatory biasUSOIL is exhibiting a weak oscillatory downward trend today. Despite a slight rebound yesterday, affected by bearish news and technical pressure, the intraday upside momentum remains insufficient, with bearish momentum gradually emerging. Overall, it shows a sluggish pattern of a quick pullback after the rebound. For the upside, focus on the short-term resistance zone of $59.5 - $60.5 per barrel, among which $59.5 per barrel can be regarded as a key watershed. On the downside, closely monitor the support range of $57.0 - $57.5 per barrel. If this zone is effectively broken down, the price may further decline to around $56 per barrel. Sell 59 - 59.7 SL 60.1 TP 57.5 - 57 - 56.5
TVC:USOILShort
by KingArthur_
Crude oil: Weak ConsolidationToday, crude oil is trading with a weak oscillatory bias, fluctuating narrowly within the 57 - 58 per barrel range. The softened geopolitical risks have set the tone for the subdued market sentiment, while the technical landscape remains dominated by bears. Key Levels: Support Zones:Immediate support is concentrated around 57.0 – 57.4 per barrel, with notable buying interest emerging near 57.6. A breakdown below this zone could pave the way for a test of 56.0 per barrel, potentially extending to the vicinity of the annual low around the same level. Resistance Levels:Near-term resistance lies around 58.75 per barrel, where some trading strategies suggest initiating short positions. Further resistance is seen at the 59.0 – 60.0 per barrel range; only a decisive breakout above this interval can alleviate the short-term bearish momentum. For a full trend reversal, a breach of the long-term key resistance at 61.44 per barrel is required.
TVC:USOILShort
by KingArthur_
USOIL: Consolidation First, Breakout Next After crude oil plummeted last week to a low near 58.1, it rebounded on Friday and closed around 59.5, basically confirming a consolidating trend. For this week, crude oil is expected to first trade in a low-range consolidation before assessing the potential for a unilateral move. Focus on the 58 level as support below and 62 as resistance above; trade within this range using a "buy low and sell high" strategy. Go long around the 58.2 level. Go short around the 61.8 level. If the price breaks out of this range, then look for a unilateral trend to follow.
TVC:USOILShort
by KingArthur_
Bearish USOIL: 58 at RiskUSOIL extended the previous session's decline today, showing an overall weak fluctuating downward trend. The core bearish factor of oversupply continues to weigh, with a lack of short-term rebound momentum. On the indicator front, the 9-day EMA has crossed below the 20-day EMA, forming a short-term death cross signal, indicating that the downward trend is likely to continue. The 14-day RSI hovers around 40, remaining in a downward channel with no oversold rebound signals, suggesting that bears still hold the initiative and there is no large-scale entry of bottom-fishing funds. In terms of resistance and support, short-term rebound resistance is concentrated at the pivot point of 59.28 and the 59.50-60 range. As a key integer level, failure to reclaim 60 will see bearish sentiment continue to spread. For support below, focus first on 55.7; if the 58 level is broken, a accelerated drop to this support level is highly likely. Trading Strategy: Buy 58 - 58.3 SL 58 TP 59 - 59.5 - 60 Sell 59.5 - 60 SL 60.5 TP 58.5 - 58 - 57.5
TVC:USOILShort
by KingArthur_
USOIL: Fluctuating declineCrude oil showed a trend of fluctuating decline today, breaking through key support levels, with a clear bearish dominance. Key support below: In the short term, attention should be paid to the $59.00 integer mark. If this level is breached, oil prices may further drop to $58.00. Resistance levels for rebound: If there is a technical rebound in oil prices, the first resistance level is at $60.50, and the second resistance level is at $61.50, with limited rebound space. Trading Strategy: Buy 59 - 59.5 SL 58.5 TP 60 - 60.5 - 61 Sell 60.5 - 61 SL 61.5 TP 59.1 - 58.5
TVC:USOILShort
by KingArthur_
Is XTI/USD Setting Up for a Sharp Bearish Correction?🚨 WTI/USD CRUDE OIL: THE BEARISH HEIST AWAITS 🎯 ═══════════════════════════════════════════════════════════ THE SETUP: Breaking Down The Crime Scene 🕵️‍♂️ We're executing a bearish pullback strategy on WTI/USD spot crude oil, leveraging the 200-period Simple Moving Average (SMA) as our primary technical confirmation. The energy sector is flashing opportunity signals, and it's time to work the levels like a seasoned professional. 📊 STRATEGY FRAMEWORK Market Direction: Bearish Pullback from 200 SMA Resistance Timeframe: Suitable for Swing & Day Trading Operations Asset Class: Energies | WTI Crude Oil Spot 💰 THE LAYERED ENTRY STRATEGY (Multi-Level Approach) This is where the Thief Method shines—stacking limit orders at key price levels to accumulate positions as the market comes to you: Suggested Entry Layer Points: Layer 1: 60.50 💧 Layer 2: 60.00 💧 Layer 3: 59.50 💧 Layer 4: 59.00 💧 ⚠️ Pro Tip: Feel free to add or adjust layers based on your risk tolerance and position size. The beauty of this method is scalability—customize to YOUR account size and risk parameters. 🛑 STOP LOSS PLACEMENT Primary SL Level: 61.00 Positioned at the nearest swing high/candle wick resistance above our entry cluster. This respects natural market structure and gives us a defined, measurable risk point. ⚡ DISCLAIMER ON RISK MANAGEMENT: This is NOT financial advice. Risk management is YOUR responsibility. The suggested SL is based on technical structure, but YOU control your account. Set stops that align with YOUR risk tolerance. Trade only what you can afford to lose. 🎯 PROFIT TARGET STRUCTURE Primary Target: 56.50 Secondary Support Level: 56.00 — A police barricade of strength where multiple factors converge: Strong historical support confluence 📍 Oversold zone recognition ⚖️ Potential reversal trap (exit strategy alert) ⚠️ Exit Strategy: Consider banking profits at 56.50 before support intensifies at 56.00. Lock in gains as the technical structure suggests potential friction. ⚡ DISCLAIMER ON PROFIT TARGETS: Again, these are TECHNICAL levels only. YOU decide your exit strategy. Whether you take full profits at 56.50, trail stops, or use partial exits—this is YOUR trading plan. No setup is guaranteed. 🔗 RELATED PAIRS TO WATCH (Correlation Check) Understanding energy market interrelations helps you spot confirmation signals: US Dollar Index ( TVC:DXY ) → Inverse correlation to crude oil. Strengthen USD = Bearish pressure on oil. Watch DXY for confirmation of our bearish bias. CSEMA:S&P 500 ( AMEX:SPY / CME_MINI:ES1! ) → Risk sentiment indicator. If equities weaken, crude often follows bearish patterns. Check equity trends for macro confirmation. Energy Select Sector ETF ( AMEX:XLE ) → Direct correlation. Tracks large-cap energy stocks. Oil weakness often precedes XLE drops. FX:EURUSD → Global risk sentiment. Weak euro = risk-off environment = potential crude weakness. Monitor for macro context. AMEX:USO (Crude Oil ETF) → Direct oil tracking instrument. Moves in lockstep with WTI. Use for backup confirmation. 📋 THE THIEF STRATEGY CHECKLIST ✅ Confirm 200 SMA as resistance/bearish context ✅ Stack limit orders—don't chase price ✅ Define your personal stop loss (around 61.00 structure) ✅ Target scale-outs near 56.50-56.00 ✅ Use correlation pairs for macro confirmation ✅ Manage position size ruthlessly ✅ Accept losses—they're tuition in the market 💬 ENGAGEMENT BOOST ✨ If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community! #WTI #CrudeOil #EnergyTrading #TechnicalAnalysis #ThiefStrategy #SwingTrading #DayTrading #Trading101 #ForexEnergy #MultiLayerEntry #RiskManagement #TradingSetup #FinancialMarkets #Energies #TradingCommunity
FXOPEN:XTIUSDShort
by The-Thief
Crude oil: Consolidating sideways in the short term.Crude oil prices once hit a low not seen in over two weeks. In early trading on Monday, prices remained below the psychological threshold of $60 per barrel. Therefore, bullish traders should exercise caution before going long and adopt a prudent approach to positioning in anticipation of any substantial upward movement. Crude oil is oscillating within a range in the short term. Prices have repeatedly crossed the moving average system, with the short-term objective trend direction being sideways consolidation. The MACD indicator is hovering around the zero line, reflecting a stalemate between bullish and bearish momentum. With oil prices trading in the middle of the range in early trading, it is expected that intraday crude oil movement will remain within the range, and a range-bound trading strategy is recommended. Buy 58.8 - 59.3 SL 58.3 TP 59.8 - 60.3 - 61 Sell 60.4 - 61 SL 61.5 TP 59.1 - 58.5
TVC:USOIL
by KingArthur_
Crude oil: test the upside potentialAfter completing the consolidation and foundation-building phase yesterday, crude oil has maintained a fluctuating upward trend today. We will continue to monitor the strength and effectiveness of the rebound. Based on the momentum of the consolidation, crude oil should be able to extend its gains today. If the momentum is strong, it could reach around 61. Therefore, from a short-term perspective, we can still take long positions to test the upside potential. Buy 58.8 - 59.3 SL 58.3 TP 59.8 - 60.3 - 61 Sell 61 - 60.5 SL 61.5 TP 59.5 - 59 - 58.5
TVC:USOILLong
by KingArthur_
Crude oil's downward space is expandingDue to a significant increase in U.S. crude oil inventories, WTI prices have extended their decline. In the short term, crude oil’s trend saw a seesaw battle between bulls and bears near the lower edge of the range, with frequent shifts in momentum. Eventually, the bears prevailed, sending prices lower. The moving averages are in a bearish alignment, indicating an objectively downward short-term trend. Oil prices have broken below the 60 support level. It is expected that crude oil’s intraday trend will continue to expand downward. And the short-term support is 58.5,If it breaks below 58.5, focus on the support level at 57.5, while resistance above is at 60.8. Buy 58.5 - 58.8 SL 58 TP 59.3 - 59.8 - 60.3 Sell 60.5 - 60 SL 61 TP 59 - 58.5 - 58
TVC:USOILShort
by KingArthur_
Is Crude Oil Setting Up for a Major Bearish Reversal?🛢️ XTI/USD “WTI” – Bearish Redistribution Zone Incoming (Thief Strategy Inside) 📉 Setup Overview Market: XTI/USD (WTI crude oil) Bias: Bearish confirmed — we’re looking for re-distribution / supply pressure to take control Trade Type: Swing / Day Trade hybrid 🎯 Entry Plan (Thief-Layer Strategy) I use a layering / multiple limit order approach (aka “Thief Strategy”). You may use any price level as entry, but here’s my preferred ladder: Sell Limit @ 61.500 Sell Limit @ 61.000 Sell Limit @ 60.500 Sell Limit @ 60.000 Sell Limit @ 59.500 (You may extend more layers if you like) You don’t need to hit all layers — just get partial fills, ride the move downward. 🚫 Stop Loss Thief’s SL: 62.500 ⚠️ Note to Thief OG’s: I’m not forcing you to follow my SL. You choose what works. Make money, take money — at your own risk. 🎯 Target We see police barricade as a strong support zone + oversold trap possibility. So primary target: 57.000 ⚠️ Note to Thief OG’s: Don’t blindly hold to my TP. If price gives you your gains early, escape with your money — don’t wait for perfection. 🔍 Related Pairs & Correlations AMEX:USO or USOIL (oil ETFs / indices) – real-world crude correlation $BRENT/USD – watch for strength or weakness divergence AMEX:XOP / AMEX:OIH (oil & gas sector indices) – sentiment in energy names Key point: if Brent weakens while WTI breaks down, it reinforces the bias. 📌 Key Technical Notes We’re waiting for ** redistribution / supply zone** to hold — a retest or failure bounce is ideal setup. Oversold conditions + a “trap” candle (fake breakout) strengthen the move. Use layering to average in, not “all-in” at once. Be ready for whipsaws around support zones; partial exits can help. ✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!” Disclaimer: This is Thief-style trading strategy just for fun. I am not giving financial advice. Trade at your own decision and risk. #WTI #CrudeOil #XTIUSD #EnergyTrading #OilStrategy #Layering #SwingTrade #DayTrade #BearishBias #ThiefStrategy
BLACKBULL:WTIShort
by The-Thief
Crude Oil Trading Strategy for TodayThe spot market and capital are in resonance, and short-term support is clear. 1.Strengthening of spot structure: The near-month WTI contract has returned to a spot premium structure, and the Brent-WTI spread is stable, reflecting the expectation of short-term supply tightness and providing a fundamental support for the current price. 2.Dual benefits of inventory and capital: U.S. EIA inventories have been reduced for several consecutive weeks, and the latest published value is significantly lower than expected, confirming the marginal improvement in demand; trend trading funds have recently increased their long positions, driving short-term short-squeeze momentum. 3.Cost and reserve support: Warren Buffett's Western Oil holdings imply a long-term equilibrium price of WTI at approximately $58.2, and the current price of $60.26 is close to the value support range; the U.S. SPR is at its lowest level since 1990, reducing its ability to stabilize oil prices and strengthening the bottom support. Crude Oil Trading Strategy for Today buy：59.5-60 tp:61-61.5 sl:58.5
TVC:USOILLong
by Ryan_Lewis1
Crude Oil Trading Strategy for Today"Smart money" quietly entered the market, and the buying power accumulated rapidly. In the last three trading days, the speculative funds (hedge funds, investment banks, etc.) in the crude oil futures market suddenly increased their bullish positions by 150,000 lots, marking the largest weekly increase in 3 months. These funds began to build positions in batches when the oil price dropped below $60, just like when the oil price fell to $58 last year, it was also these funds that entered the market, and the oil price soon rebounded by $5. At the same time, the inflow of funds into crude oil ETFs also increased fourfold. Ordinary investors began to follow suit and enter the market, and the buying pressure changed from "scattered" to "concentrated", providing sufficient short-term upward momentum. Crude Oil Trading Strategy for Today usoil @ buy 61-61.5 tp:62-62.5 SL:60
TVC:USOILLong
by Ryan_Lewis1
Crude Oil Trading Strategy for Next Week"Buy low" strategy + "bottom has stabilized" in terms of technical analysis - there is a chance for a short-term rebound. Financing side: "Bottoming" funds "quietly enter the market" and change the supply-demand expectations In the past three days, the "non-commercial net long positions" (that is, the bullish positions of speculative funds) in the crude oil futures market suddenly increased by 120,000 lots, marking the largest weekly increase in 3 months. Among them, hedge funds and large investment banks were the main buyers. They began to build positions in batches starting from below 60 US dollars, just like when the oil price dropped to 58 US dollars, these funds entered the market and the oil price quickly rebounded by 4 US dollars. At the same time, the inflow of funds into crude oil ETFs also tripled, and ordinary investors began to follow the trend, and the buying power was accumulating rapidly. Technical aspect: The price "successfully bottomed out" and the breakthrough signal has appeared WTI crude oil has been oscillating in the range of 59.8 - 60.5 US dollars for a week, forming a "double bottom" pattern (two times falling to 59.8 without breaking through), and broke through the upper edge of the oscillation range (61.2 US dollars) on Thursday. After that, it has been running above this position. From the short-term trend, every time it drops to 61 US dollars, there are buyers to take over, indicating that the bottom support is very stable. In addition, the trading volume has also increased along with the breakthrough (the trading volume at the breakthrough was 40% higher than usual), it is not "false increase", and the rebound signal is very clear. usoil @ buy 60.5-61.0 tp:62-62.5 SL:59.5
TVC:USOILLong
by Ryan_Lewis1
Review of USOIL's Performance This Week📝This week, the USOil market exhibited a highly volatile pattern of "first bottoming out and stabilizing, then rebounding driven by geopolitical factors". The competition between supply-demand fundamentals and sudden geopolitical events dominated the market trend throughout the week. Details are as follows: 💡Price Movement: From Approaching Annual Lows to Intraday Surges, Volatility Within Ranges Intensifies 1. Bottoming Out Early in the Week On Monday, USOil continued its weak oscillation. It opened at $57.32 per barrel, dipped to a low of around $56 per barrel (approaching the 2025 annual low of $55.12), and finally closed at $56.93 per barrel, down $0.61 from the previous trading day. From Tuesday to Wednesday, as panic eased, prices gradually stabilized and rebounded. It closed at $57.58 per barrel on Tuesday; on Wednesday, boosted by geopolitical expectations, it surged by $3.25 in a single day to close at $61.75 per barrel, with trading volume rising to 711,600 lots. 2. Rebounding and Then Retreating in the Latter Half of the Week On Thursday, the official release of detailed EU and U.S. sanctions on Russian energy triggered a strong market reaction. USOil opened at $59.94 per barrel and then jumped, peaking at $62.59 per barrel with an intraday gain of nearly 5%, before closing at $61.44 per barrel. On Friday, after the earlier rebound, prices entered a consolidation phase, fluctuating narrowly around $62. For the whole week, it rebounded by over 10% from the previous week’s low. 💡Core Influencing Factors: 1. Bearish Drivers: Sustained Supply-Demand Easing Suppresses Oil Prices ✔Worsening Supply Glut ✔Weak Demand Weighs on Prices 2. Bullish Disturbances: Geopolitical Sanctions Trigger a Phased Rebo 💡Technicals and Market Sentiment: Recovery After Oversold Conditions, Persistent Long-Short Divisions 1. Divergent Signals from Technical Indicators 2. Intense Battles Around Key Levels The support at the annual low of $55.12 proved effective, serving as the starting point for the week’s bottoming and rebound. The resistance levels at $58 and $62 were breached one after another, but the resistance from the $63 level and the 70-dollar trend line still posed long-term pressure. A breakthrough would require sustained improvement in fundamental 💡Outlook: Short-Term Oscillations Unlikely to Reverse Long-Term Weak Trend 💎Short-Term Perspective: Geopolitical risk premiums and technical recovery after oversold conditions may support oil prices to fluctuate within the $58-$63 range. If the supply gap caused by sanctions continues to widen, it may test the resistance level of $66. 💎Long-Term Perspective: The IEA predicts that Brent crude oil prices will range between $52-$60 in 2026. Core contradictions such as loose supply-demand, accelerated energy transition, and approaching demand peaks remain unresolved. If the support at $55 is broken, it may fall to the deep correction range of $49 or even $37. The market should focus on whether OPEC+ will adjust its production increase plan at the November 2 meeting and the impact of global manufacturing PMI data on demand expectations.
CFI:WTILong
by Clarke_analysis
USOIL: Go long on pullbacksGeopolitical risks have dominated short-term market sentiment for crude oil. Investors' concerns about the supply side have overshadowed negative factors on the demand side, driving oil prices to rise consecutively. However, the weak global economy has dimmed the long-term demand outlook, limiting the extent of oil price increases, resulting in relatively complicated overall market sentiment. From a technical indicator perspective, momentum indicators are showing positive signals, and the MACD is trending upward. This indicates that the bullish bias is strengthening, but a fully established uptrend has not yet formed. Overall, technical indicators point to a certain bullish tendency, though it is also necessary to monitor the price performance at key resistance levels. In the short term, focus on the resistance range of 63.5–64.5 on the upside and the support range of 60–61 on the downside. For intraday operations, the main strategy is to go long on pullbacks, with short positions on rebounds as a supplementary approach. 💎Trading Strategy: Buy 61.8 SL 62.4 TP 61.1 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
CFI:WTILong
by Clarke_analysis
Crude oil shows an optimistic upward trend📈The situation of crude oil is relatively optimistic, showing an upward trend, mainly affected by geopolitics and supply-demand relationships. 💡Geopolitical factors: The United States has imposed sanctions on Russian oil companies, and the European Union's sanctions against Russia are also continuing. At the same time, the news that the United States intends to take military action against Venezuela has fermented, triggering market concerns about disruptions in crude oil supply and boosting oil prices. 💡Supply-demand factors: On the one hand, OPEC announced at a new round of meetings that it would continue to increase production by 137,000 barrels, but the scale of production increase is relatively small, and the production increase capacity of some oil-producing countries is limited, which alleviates the pressure of oversupply. On the other hand, as of October 17th, the EIA crude oil inventory data decreased by 960,000 barrels, the gasoline inventory decreased by 21.05 million barrels per day, and the distillate oil inventory decreased by 1.48 million barrels per day. The decrease in inventory has provided some support for oil prices. However, the weakness of the global economy has made the long-term demand outlook bleak, which has suppressed the increase in oil prices to a certain extent. 💡Technical analysis: From the daily line level, the daily K-line shows a trend of breaking below the previous low point and then recovering, and the weekly K-line forms a rising sun pattern, indicating that there is a possibility of continued rebound in prices in the short term. At the same time, the medium-term indicator MACD supports an upward trend, also indicating that the short-term trend is upward. 💎Trading Strategy: Buy 60 SL 61.5 TP 59 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
CFI:WTILong
by Clarke_analysis
Today's crude oil strategy, hoping to be helpful to you.Although the current broader context of the international crude oil market is "excess supply and weak demand", from the perspective of short-term and potential opportunities, there are three key points that support us to attempt a long position. We should not be deterred by the broader "weak market" trend: Potential "Flashpoints" in Geopolitical Conflicts Ukraine has not stopped using drones to attack Russia's oil facilities, and Russia's oil refining volume has now hit its lowest level in over two years. If key pipelines are attacked next, or if conflicts between Israel and Qatar in the Middle East escalate further, affecting crude oil transportation, the market will definitely rush to buy oil out of panic. In this case, oil prices will most likely surge suddenly. For example, back in June, when Israel launched an air strike on Iran's nuclear facilities, oil prices rose by 6.9% in a single day. We must seize such opportunities. Possible "Hitches" in OPEC+ Production Increase Although OPEC+ plans to increase supply by an additional 137,000 barrels per month in October and November, many oil-producing countries actually have little extra oil to produce. As early as May, the actual production increase was more than half lower than the planned amount. If OPEC+ announces "no more production increases" in subsequent meetings, or even resumes production cuts, the pressure from excess supply will be reduced significantly, and oil prices will naturally be able to hold steady or even rise. Crude Oil Trading Strategy for Today usoil @buy 57.50-58.00 pt:58.50-59 sl:57
TVC:USOILLong
by Ryan_Lewis1
USOIL fluctuates higher💡The situation for USOIL today is relatively optimistic, showing a fluctuating and moderately strong trend. Here is the detailed analysis: 📈Price Trend: As of midday in the Asian session on October 22, WTI crude oil prices have edged higher in the short term, trading around $58.1, up from the previous day's closing price. WTI crude closed 1.14% higher at $57.962 the previous day. ♦Influencing Factors: Supply Side: The U.S. Department of Energy announced a tender to purchase 1 million barrels of crude oil to replenish the Strategic Petroleum Reserve. This news boosted sentiment in the energy sector and provided support for oil prices. ♦Demand Side: API data showed a decline in U.S. inventory levels last week, which improved market sentiment toward demand and also supported higher oil prices. ♦Macroeconomy: Expectations of a Federal Reserve rate cut continue to rise, with a 98.9% probability of a 25-basis-point rate cut in October. Capital has been flowing back into risk assets, providing some impetus to crude oil prices. ♦Geopolitics: Europe and Ukraine have drafted a 12-point ceasefire plan. Expectations of eased geopolitical tensions temporarily weakened safe-haven demand, indirectly supporting a stronger U.S. dollar and thus exerting some pressure on oil prices. However, factors such as the U.S. oil purchase news and the drop in API crude inventories have provided more significant support for oil prices. ♦Technical Analysis: Short-term moving averages show signs of flattening, indicating that the crude oil price trend may be stabilizing. Oil prices are inclined to fluctuate with moderate strength in the short term today. The short-term resistance level above is around 59.0-60.0, while the short-term support level below is around 56.0-55.0. 💎Trading Strategy: Sell 58.00 SL 58.60 TP 57.00 Buy 57.5 SL 56.8 TP 58.5 Daily-updated accurate signals are at your disposal. If you run into any problems while trading, these signals serve as a reliable reference—don’t hesitate to use them! I truly hope they bring you significant assistance
CFI:WTILong
by Clarke_analysis
Crude oil trading strategy for today.,Hope it is helpful to yoFactors That May Drive Up Crude Oil Prices (Bullish Logic)​ 1.Breakthrough in trade negotiations: If China and the United States reach a consensus at the summit to ease trade frictions, the global cargo transportation and economic outlook will improve, which may increase the demand for crude oil.​ 1.Unexpected geopolitical tensions: Although the Gaza conflict has ended, the situation between Russia and Ukraine remains unresolved. If further unrest breaks out in the Middle East or Eastern Europe, it may disrupt crude oil transportation. The market will worry about a shortage of oil supply, leading to a rise in oil prices.​ 1.Demand for technical rebound: Oil prices have dropped significantly from their previous highs, so a "short - term oversold rebound" may occur in the near future. Just like a ball bouncing back up after hitting the ground, some funds will take the opportunity to buy (and push up oil prices). Crude Oil Trading Strategy for Today usoil @buy57.50-58.00 pt:58.50-59 sl:57
TVC:USOILLong
by Ryan_Lewis1