usoil: Expected to Rise to $80 in the FutureHello friends, I'm Luke, a former champion trader in multiple regions. I'm excited to join TradingView and share my strategies with you every day, hoping to provide assistance.
Crude oil has established a bottom around $70, and those who bought in heavily near this level have already reaped substantial profits. Personally, I anticipate oil to stabilize around $80 in the coming month, with any further declines seen as buying opportunities.
Key support levels to watch are $72-$70. Buying can be considered upon reaching this area, with target levels focused on $76-$78-$80.
I update market analysis daily and also send accurate trading signals within Luke's small group to help ensure the long-term stability and profitability of your account. Don't miss out!
Usoilsetup
USOIL: 22/12O European market suggestionAngola said it would withdraw from the Organization of the Petroleum Exporting Countries (OPEC), raising questions about the producer group's efforts to support prices by limiting global supply. In the 4-hour chart, after falling below the middle track and back-testing the lower track, it holds the sub-low and rebounds above the lower track to regain the middle track. The 4-hour chart is a rapid downward rebound, seeking support and correction, and then continuing upward. In the short term, use 73.8 as a defensive support point, and then adjust your thinking if it breaks below.
But as long as the low point of the step is not broken, the trend remains unchanged. On the whole, it is suggested that the short-term operation of crude oil should focus on the first-line resistance of 76.0 at the top and the first-line support of 73.8 at the bottom.
Continue to look for low prices to buy. If you want to get the latest signals, you can contact me↓
USOIL: 5/12 Today’s Trading StrategyCrude oil (USOIL): Crude oil opened at 73.3 today. It was volatile in the morning and the market was running slowly. Yesterday’s crude oil was long and short in shock, and the range also had an amplitude of 20 US dollars. However, the overall trend was still suppressed by the pressure from above and could not break through. The bulls were not to be outdone. , which has resulted in the current volatile situation, but the general trend is still there, so we can just continue to take advantage of the trend and go short! ! The daily K-continuous negative trend went very smoothly, and new pressure formed yesterday above, so today we will focus on the pressure of 73.6-73.7! !
USOIL SELL:73.6~73.7
SL:74.3
TP1:73
TP2:72.6
TP3:72.2
Since the quotes from brokers are different, please refer to Tradingvew’s quotes.
USOIL: Today's analysis
Oil prices rebounded sharply on Friday, largely erasing a nearly 4% loss from the previous session as investors wavered over whether Opec would deepen its decision to cut production. Today's strong breakthrough of the first pressure level, the follow-up focus on the breakthrough of the second pressure level!
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
USOIL: Summary of the week
The original income this week was more than 10k, after experiencing CPI data, crude oil fell sharply to 72.2, down nearly 500 points, and rose all the way to near 76 on Friday, basically recovering the decline, next week focus on the break near 76!
Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
USOIL: End short orders and look for support to go long
Crude oil 85.5 support line to earn the pressure line, we rely on this pressure level to continuously short the harvest of nearly 20 points of profit, the subsequent recommendation to end the short order, withdraw to 82.5-83 to convert long!
If you are confused about trading, please join me, I believe you will have a great harvest!
USOIL: Weekly profit summary
This week ended perfectly, earning 50,000, exceeding the expected target, the main reason is to seize the opportunity to fall all the way, continue to maintain next week, I wish everyone a happy weekend!
If you are confused about trading, please join me, I believe you will have a great harvest!
USOIL:Fluctuation in the range
Last week, oil broke through the range of 88.3-91.2 and rose as high as near 95.
Last week, I predicted that if it breaks through 91.2, it will be more likely to rise, but I did not expect that oil will rise so much. Every time it rises rapidly, there will definitely be a reversal. Now the oil is around 89.7 and it is back in the range, so now we still judge the transaction based on 88.3-91.2.
If the oil falls below 88.3, then it is necessary to judge that the range is invalid, so you need to observe more when trading, or strictly set the stop loss.
It is still possible to buy at low levels and sell cautiously at high levels in the range.
If my thoughts are helpful to you, please like and subscribe
Crude Oil: Strategy Advice Short
The oil supply outlook remains tight, with Russia and Saudi Arabia both cutting output through the end of the year, while the number of operating oil rigs in the United States has dropped to its lowest level since the end of the year. U.S. refiners are also cutting production capacity, further tightening supply.
While these factors are expected to continue to support prices, overall economic concerns are limiting oil prices' upside potential. In the short term, oil prices will continue to be impacted by the above factors. Rising interest rates, a stronger dollar and worries about the global economy appear to be offsetting the benefits of limited supply. However, with the start of China's National Day Golden Week, a potential rebound in tourist numbers may bring some support to oil prices. But until global economic concerns are eased, oil market sentiment tends to be bearish.
Short-term strategy reference: High probability scenario: bearish above 90.6, target 90.0-90.6. Small probability scenario: bullish below 88.8, target 88.5-88.9 Market comment: RSI technical indicator runs downward!
USOIL: Crude oil analysis and layout
Crude oil last week unilateral strong pull up, is currently in high volatility, this wave is still not over, is still a callback to do more, four-hour chart, last week fell back to the mid-track quickly pull up, back just to prepare for the rise, this week is still open at a high level, the current volatility around 91.3, intra-day focus on important support level 89.5/90.3, This position is also the support point of the rail in the four-hour chart, and the position of the tail plate can be more!
Specific layout:
USOIL:BUY@89.5-90.3 TP 92.0
Join me and don't let hesitation and procrastination affect your earning speed!
USOIL: Range shock, high Sell opportunitySince I expressed my opinion, I have published a total of 3 articles, all of which have ended in profit. The winning rate currently remains at 100%. I hope it can continue to be maintained and point out a clear direction for everyone.
Recently, crude oil has been fluctuating within the range of 86.10-87.9. This oscillating trend has lasted for several days, and there is no sign of a breakthrough for the time being. The only way to achieve a breakthrough is to see how tomorrow's EIA data performs. Before that, we can just keep selling high and buying low.
At present, crude oil has reached a high of 87.9 again, and the opportunity to short is rare, so I am prepared to sell here and set two targets, 86.8 and 86.1.
Crude oil: exceeded my expectations and keeps rising
Crude oil bulls continue to take the initiative in the market and pulled up again yesterday. It is now close to the previous secondary high of 85.5. This is not the ultimate goal of the bulls, but the only thing that needs to be considered is that there may be an adjustment within the day and then rise. In the short term The node still looks at the previous high of 87 as the target.
According to the deduction of the wave trading system, the main reason why crude oil is expected to rise is that: the overall rising rhythm of waves 3 and 5 has gradually changed from the initial shock upward to a unilateral rise, and the performance of bulls has become more and more obvious. Crude oil pressure 85~85.3,
For crude oil operations, it is recommended to buy at 84.5, with a target of 84.0~84.50. (The point may be revised as the market changes during the day, subject to real-time strategy)
Crude oil: There is still room for today's strategy to rise
In the U.S. market, WTI crude oil rose and closed down, once rising to $80.7/barrel, but failed to hold the $80 mark, closing down 0.03%, at $79.94/barrel, due to the threat of tropical storms in the U.S. Gulf crude oil production and news that Saudi Arabia may extend the production cut time and other benefits and rise, but the Fed's further interest rate hike worries limit oil prices,
Therefore, oil prices continued to run on the strong side at the beginning of the session. Overall, the probability of the Fed raising interest rates has risen, and increasing demand concerns have limited oil price gains. However, tropical storms in the US Gulf Coast may cause supply disruptions to bring support. Before this week's non-agricultural data, oil prices may remain volatile around US$80/barrel. In the short term, pay attention to the impact of API data and market uncertainties on oil prices.
Short near 81.60, stop loss: 82.20, target 80.60
First step back around 80.40 to go long, stop loss: 79.90, target to be determined
Crude oil: operation strategy, high and low
Oil prices continued to rebound at the opening and performed first. Overall, Fed officials believe that there may be no need to raise interest rates. The decline in European diesel inventories boosts oil prices, but demand concerns still limit oil price gains. During the day, we will pay attention to the speech of the chairman of the Federal Reserve at the annual meeting of global central banks. If the speech is dovish, the oil price is expected to return to above US$80/barrel. If it is hawkish, the oil price may drop sharply, pointing to US$75/barrel; market uncertainty risks increase, and trading needs to be cautious.
the
The trend of crude oil bottomed out twice in a row and closed up. There is a certain signal of bottoming out in the short term. There may be a continuation of the rebound in the market outlook, but the upper side needs to pay attention to the resistance of the middle rail line. Under pressure, there is a risk of going lower again. At the top, focus on the resistance around $80.40/barrel, and the operation is mainly short-selling
Crude oil, today's strategy is bearish
Crude oil is now clearly in a bearish trend. The k-line starts to exert force from the upper rail, the big Yin line breaks through the middle rail, and the k-line goes all the way south to the lower rail. At present, the k-line directly dives downward, and the Bollinger Band track is also opened downward. The opening is gradually enlarged, the lower triple bottom is near 79.0, the big Yinxian will inevitably break through, empty, 79.0 air
The market continues to consolidate weakly in the bottom area, and the overall oscillation at the support level of the trend line has now converged. We can clearly see from the attached picture below that the bottom area signal has appeared yesterday, and the bottom area in the early stage is relatively stable. In terms of a wave of rebound, yesterday’s intraday reappearance is relatively a rebound. In the short term, we can focus on the pressure. Only when we recover the lost ground will we go up further. , the specific suggestions are as follows:
Operating strategy: crude oil 79.0 empty, take profit 78.5-78.0,
Crude oil 78.0 into,
Crude oil: high, short-term first look at the fall
Judging from the current price action, crude oil bulls have encountered a slight resistance, indicating that the market may start to weaken. After experiencing a wave of unilateral gains, the crude oil market was challenged at the 85 level, which may be due to a certain degree of exhaustion in the market, which led to a slight correction. Despite market concerns about an economic slowdown, demand remains resilient, and the fundamentals of the crude oil market look much more optimistic than a month ago. At the same time, due to OPEC+ and Saudi production cuts, supply is decreasing, and short-term crude oil prices may hit 85 again.
When the price encountered obstacles near the upper track and fell back, the price rose twice and failed to stand on the 85 line. There are signs of a short-term fall. The price fall is just a normal correction in the process of rising, and it does not mean that the direction is reversed. Watch the market The price retraces slightly, and there is a risk of continuing to go lower. In the short term, we will first see a wave of decline, and then continue to continue the upward trend. The price fell below the first-line support of the middle rail, and there is a possibility of further decline. In the short-term within the day, we need to pay attention to the support near 82.5 below. Once the price falls below this position, it is possible to step back on the first-line 81.8. In terms of short-term operation ideas, we should first take a wave of prices Stepping back, focus on the resistance in the 82.8-83 area above.
Operating strategy: rebound in the 82.8-83 area and short, stop loss 83.4, target 81.8
Crude oil: today's trend
Crude oil may sell a lot at the moment, so the 84 line is directly empty, because crude oil has reached the top, and it is currently closing the shadow line. If the k-line can be so strong, then he must have a bad fall. It is an extremely dangerous trend, the k-line will definitely return to the moving average, empty, 84 is directly empty.
Operating strategy: crude oil 84 empty, stop loss 85, target 78
Daily line level, unilateral rise; moving average long line, MACDaily line level, unilateral rise; moving average long line, MACD golden cross, KDJ high passivation, before falling below the 5-day moving average 81.76, there is still a chance for oil prices to rise further, focus on the resistance near the April high of 83.51, if it can top If this resistance is broken, it is expected to open up new upside space. For further resistance, refer to the position near the high point of 84.70 on November 10, and the resistance at the high point of November 16 is around 87.48. However, the resistance near 83.51 is strong, and the MACD has initially sent a top divergence signal. It is necessary to beware of the risk of oil price shocks and the possibility of shock adjustments. The lower 5-day moving average is supported around 81.76, and then the 10-day moving average is supported near 80.92, 80 The integer mark is also where the psychological support is. If this support is lost, it will increase the possibility of short-term peaking; last week’s low point support is around 78.68. For strong support, refer to the 21-day moving average around 78.19. If this support is lost, it will increase the bearish signal in the market outlook .
Crude oil operation strategy:
Rebound to 83.2-83.5 short, TP82.5, TP81.8
Step back to 81.4-81.7 to do more, TP82.4, TP83.2
USOIL: Crude oil strategy for MondayCrude oil trend analysis
Oil prices held firm on Friday and were on track for a sixth straight week of gains, as Saudi Arabia, the world's second-largest crude producer, extended output cuts and Russia, the world's third-largest crude producer, pledged to cut exports further. On Thursday, Saudi Arabia extended its voluntary oil production cut of 1 million barrels per day until the end of September, and the daily level of crude oil fluctuated at a high level; oil prices returned to above all moving averages on Thursday, and the MACD golden cross signal continued, weakening the short-term bearish signal. Beware of the possibility that oil prices will continue to fluctuate and rise. The initial resistance above is at this week's high point of 82.40. You can also refer to the position near the high point of 82.61 on January 23. For further resistance, refer to the position near the April high point of 83.51. If it can be broken further , it is expected to open up new upside space. As the high "swallowing bearish" signal has not been completely destroyed, the resistance around 83.51 is strong, but before breaking through the recent high of 82.40-83.51, we still need to beware of the possibility of oil price shocks and peaking. The initial support below refers to the 5-day moving average Around 81.39, the 10-day moving average support is currently around 80.45, the overnight low point support is around 78.68, and the 21-day moving average support is currently around 77.72. If this support is lost, the possibility of short-term peaking will increase.
Crude oil operation strategy:
SELL: 83.6-83.9
TP1: 83.2
TP2: 82.6
BUY: 81.7-82
TP1:82.5
TP2:83
Crude oil: Crude oil unexpectedly fell, but there is still a new
From the online point of view, there are signs of closure. The price has retreated sharply after encountering resistance near the upper rail. At present, it can only be regarded as an adjustment during the previous rise. The price will not just go down directly. It is expected that the short-term will be around 80 The dollar is consolidating around. With an opening in 4 hours, a big negative line directly fell below the first-line support of the middle rail, and it is currently stabilizing near the lower rail. The short-term price may test the low point of last night again. It is necessary to pay attention to the support at this position. If it can hold, then the short-term The price will have a chance to rebound again. The operation idea is to look at a wave of rebound after the price retraces and stabilizes.
Operation strategy: call back the 78.3-79 area to do long, stop loss at 79.6, and target 81 to short
Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up
Crude Oil: Unchanged
Crude oil prices continued to fall at the opening, and basically returned to the support level around 80.9 as expected to stabilize. Multiple orders have entered the market. Friends who have followed the article's ideas and operations are already making profits. The short-term goal is to look at the high point around 81.7. The price will break through. Continue to look at target 82.6.
Continually updated






















