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...
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 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.
By the end of the previous week, the Oil prices appear to have stabilized in a trading range between 74.00 and 67.00 per barrel. Sluggish data coming in from the Chinese economic docket (the world's number one importer of crude oil) is not helping matters at all; with a 1.4% decline in imports and an 8.5% drop in export growth. The economy seems to be struggling...
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 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...
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, 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.
US Oil is approaching important support around 74
We will wait for price action and then enter in either buying or selling
Targets for bot scenarios mentioned in chart
Good Luck 🍀
The timeline of China’s economic rebound frames the demand outlook in the crude markets, which remain rattled by concerns over broader global appetite for transport fuels amid mounting inflation rates and recessionary signals.
On the supply side, energy markets await further clarity on the Russian production impact of an EU ban that came in force on Dec. 5....
Not financial advice.
The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to go a little bit higher for buy stop liquidity and to fill the imbalance and then to reject from bearish order block.
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GAP is defined as the gap between 2 consecutive trading sessions (or 2 candles). GAP is determined based on the closing price of the previous candle and the opening price of the following candle. Under normal conditions, the closing price of the previous session will be the opening price of the immediately following session.
Following the massive slide couple of weeks ago; we scooped over 800pips profit as the US oil finished last week's trading session up approximately 4%, after factoring in gains from the first four days of the week. This indicates consolidation and the possibility of a technical rebound, which has immediate resistance at both the trendline identified on the 4H...
TVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed...
Following approximately 2,000 pips in profit last week (see link below for reference purposes); we took a fresh new look at the chart as US Oil prices hit their lowest point since December 2021. I think the slump in oil prices this time, had little to do with supply-demand but more with the crisis of confidence at banks that provide the liquidity for trading this...
Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here I still looking for shorts position and expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block where I will look for a confirmation on lower timeframe.
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