Crude oil fluctuated widely throughout the day, the current price of 81.3, the upper 81.5 near the resistance level. usoil:sell@81.3-81.6 tp 80.5
looking bearish trend in 4h timeframe after compalate double top then start bearish trend
Crude oil continued to maintain an upward trend during this period. The current upward trend is coming to an end. You can see that near the resistance area shown in the chart you can short crude oil.
After experiencing continuous rise, crude oil has reached a key resistance position, and then it needs to keep selling at high levels, waiting for profit. Trading plan:usoil sell@79.5-80 tp:78-77 The shark trading team will provide a lot of trading strategies every day to make your trading easier and achieve stable income. The current signal is 98% accurate...
Hey traders, I think crude oil is about to reach a short position, what do you think? From the 4-hour chart, the pressure of crude oil is around 77-77.2. If it does not break through 77.3, then the strategy can be shorted around 77-77.3. The target is first around 75.5, and after it breaks, look around 74. If it reaches near 74 to form a support, then backhand...
Resistance above crude oil has appeared, next week above $77 can start shorting, if there are still losing friends in the account, seize this opportunity to fall. Trading plan: USOIL sell@77-77.5 TP: 76-75 The shark trading team will provide a lot of trading strategies every day to make your trading easier and achieve stable income, and the current signal is...
Oil prices continued to trend lower in morning trade in Asia, with WTI heading toward HKEX:78 and Brent moving closer to $82. Canadian Government Admits It’s Short Tens Of Thousands Of Oil Workers The Fed has repeatedly indicated that is it not done with rate hikes, which traders see as countering any growing demand from China. Time Frame: 1D Current Trend:...
As you may have noticed, oil prices have been consolidating from $74 to $77 per barrel. While this may initially seem optimistic, it is essential to consider the broader picture. Upon analyzing the market indicators, it has come to my attention that the slow stochastics are showing a decline in oil prices. This could potentially indicate a slowdown in the...
Last week's API data showed a very large gap between the expected value and the announced value, but the market reaction was not so large. It should be due to doubts about the data. In addition, the crude oil volume announced today is bullish for the market. So although today's API crude oil inventory data is bearish for the market,but the market rallied. Now...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I expect bullish price action from here as we can see that price filled the imbalance and rejected from bullish order block. Like, comment and subscribe to be in touch with my content!
China plays a significant role in the global economy, and any fluctuations in its economic performance can have far-reaching consequences. The recent release of weaker-than-expected economic indicators from China has raised serious concerns about the country's economic health. These indicators include a slowdown in industrial production, declining retail sales,...
75-75.6 has strong resistance, we can be short.
Hi traders, I think crude oil is going to go down, what do you think? $76 was our tp point yesterday, and now we can see from the 4-hour chart that there has been no breakthrough here, and it is also a pressure level at present. So the trading strategy is: short near 76, tp75-74.6 If you agree with my point of view, welcome to pay attention ...
As you may be aware, technical indicators such as the Moving Average Convergence Divergence (MACD) and Stochastics have been widely used by traders to gauge market sentiment and identify potential trend reversals. In the case of Brent Crude Oil, these indicators indicate a possible decline in momentum. The MACD, a trend-following momentum indicator, shows a...
After the continuous rise of crude oil, the top has appeared, and then you only need to maintain the short strategy to make a profit, and the signals have been accurate for two consecutive weeks. Trading plan: USOIL sell@76.5-77 TP: 75-73 The shark trading team will provide a lot of trading strategies every day to make your trading easier and achieve stable...
Oil prices soared to their highest level in nine weeks, setting the stage for a potential breakout to the upside and igniting hopes of an uptrend continuation. This surge comes against the backdrop of a weaker dollar, which hit a two-week low following robust U.S. jobs report that reinforced expectations for further Federal Reserve rate hikes. The rally in prices...
Crude oil, the daily cycle and the one-hour resonance are bullish, and the one-hour cycle is even stronger. If the intraday operation idea falls, it is to go long. If the price falls back and the five-minute cycle forms a bottom pattern, continue to buy more.
Today, the EIA is negative for oil, but it has not fallen much, which shows that the bulls are very strong, but now the technical analysis is expected to test the trend line. When it is confirmed that it is still valid, there will be more motivation to rise.