USOIL - CRUDE OIL Open: 78 SL: 81 TP: 68 ================== Disclaimer: Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy. Any decisions made based on the information provided in this text are your personal...
Oil, yesterday's lowest point was around 77.55, and the highest point was around 80. The main reason for yesterday's rise was the strike in Brazil and the closure of pipelines in Ecuador due to weather, which reduced a total of 450,000 barrels/day. Oil encountered resistance at 80 yesterday and rebounded from 72.4. The current high resistance is 80.6. According...
Crude Oil Technical Analysis Daily resistance is 80-83.4, support below is 77-75 Four-hour resistance is 80, support below is 77.8 Crude oil operation advice: Yesterday, crude oil experienced a strong bullish rise around the 77.5 mark. In the Asian and European markets, the price slightly stepped back to test and stabilized at the 77.5 mark, ushering in a...
Oil analysis 4-hour and 1-hour time frames The price is near the 4 and 1 hour supply area and we expect it to start correcting after hitting the area.
Technical analysis of crude oil Daily resistance 78.4, support below 72.7 Four-hour resistance 76, support below 75-73.8 Crude oil operation suggestions: Crude oil fell first and then rose last week. The weekly line is in a wide range of fluctuations, and there is no strong unilateral trend. In the form of repeated tug-of-war between long and short positions, pay...
Hey there on 1hTF the Gold has looking for two ways to move theirs target So if the price cross 2316 and 2323 then we have a see further touch upside resistance 2340 level OR If the price drop again below 2300 so we could also seems downside breakout area 2276
Reuters stated that the Fed has raised hobby prices sharply in 2022 and 2023 to minimize growing inflation. Rising borrowing fees for customers and corporations ought to gradual financial boom and decrease oil call for. Meanwhile, a robust dollar ought to hose down oil call for via way of means of making greenback-denominated commodities like oil extra costly for...
Pretty self explanatory and simple. Using the bias (Bearish) I simply mapped out the last area which created a significant break. Within this area - price should gear towards the demand zone below - however I do acknowledge that price had already reached demand in an earlier period and therefore if price breaks through the POI (For which there will be potential to...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look only for short position. I want price to go a little bit higher to fill the imbalance and then to reject from bearish order block + psychological level 79.00. Like, comment and subscribe to be in touch with...
Technical analysis of crude oil Daily resistance 74.2, support below 72.7 Four-hour resistance 73.7-74.2, support below 72-71 Crude oil operation suggestions: Crude oil continued the recent extremely weak short-term unilateral downward rhythm yesterday, with the Asian and European sessions showing a downward trend, and the US session suppressed and fluctuated...
World oil fees extended 2% at the buying and selling consultation on June 6, after the European Central Bank (ECB) determined to reduce hobby fees, elevating hopes that americaA Federal Reserve (Fed) will comparable action. Meanwhile, ministers from the Organization of the Petroleum Exporting Countries (OPEC) and its allies, called OPEC+, reassured traders that...
Hey there on 1hTF the USOIL has looks further upside From 73 and continue moving forward for again upside
The price may rise to $82 but could also fall to about $70. 101.9 million barrels of oil will be consumed worldwide per day. By next year, the oil markets appear to be oversupplied. Highlights Lower Russian output and more demand brought on by China's reopening could help oil prices. Low demand and a bleak macroeconomic outlook for China When the...
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, appear to be waving goodbye to their long-held pursuit of $100-a-barrel oil. This strategic shift marks a significant change for the oil cartel, which has traditionally aimed to manipulate production levels to influence global oil prices. A New Reality Sets In For...
The recent OPEC+ meeting on June 2nd, 2024, resulted in a significant decision to extend production cuts. This move by the oil cartel, which includes major oil producers like Saudi Arabia and Russia, aims to navigate a complex economic climate and influence global oil prices. Here's a breakdown of the key takeaways from the meeting: • Extended Cuts of 3.66...
Crude oil technical analysis Daily resistance 77.5, support below 74.4 Four-hour resistance 77.5, support below 76 Crude oil operation suggestions: The overall price of crude oil continues to fluctuate downward above the 78 mark, continuing the recent trend of suppressing short positions. Today, the upper resistance focuses on the starting point of the hourly...
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Hey there on 4hTF the USOIL has Looks After Reach Out 78 Then We Can Also set our Mind in Sell Area So If you are looking for again short then entry 78 and hold 73