The direction of crude oil is empty in one hour, and the bearishness is clear. After a slight rebound and correction in the intraday price, 69.4 is directly empty!
I want to bring attention to recent developments in the oil market, in relation to have recently announced plans to reduce their oil purchases, in response to the spike in interest rates from the central banks of England, Norway, and Switzerland. This move by central banks is significant, suggesting a shift from reliance on oil as a critical commodity. With...
The USOILSPOT market witnessed a remarkable surge in momentum last week, fueled by positive economic data from the Chinese government. As a result, USOILSPOT closed around the $72.00 zone, allowing us to secure over 500 pips in profit through multiple entries. The rise in oil prices was primarily driven by increased Chinese demand and supply cuts from OPEC+....
After finishing the high range at the beginning of this week, the price peaked one hour after the price fell below 70.8 yesterday, and the short-term direction changed from long to short! Before a new bottom pattern appears in one hour, taking advantage of the trend and high altitude is the only trading idea. After the intraday price rebound, you can pay...
On the whole, today's crude oil price should focus on the 71.8 high point and 72.5 resistance for the upper resistance, and the 70.4-69.5 support for the lower part. During the shock period, you can sell high and buy low, and swing trading can maximize today's benefits
My Fibonacci Clustering model reveals a potential downturn in USOIL prices to as low as $28 per barrel. This observation is rooted in the unique properties of Fibonacci sequences - their self-similar and repetitive nature often mirrors price action in a wide array of financial markets, including commodities such as oil. Historical evidence supports the...
Hello traders! ‼️ This is my perspective on USOIL. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for shorts. I expect bearish price action from here as we can see that price rejected from bearish order block + psychological level 72.00. Like, comment and subscribe to be in touch with my content!
International oil prices were basically stable this Friday, and the U.S. index rebounded from a more than one-month low, limiting the rise in oil prices. Oil prices snapped a two-week losing streak on optimism over rising energy demand in top crude importer China. The upper pressure level of crude oil is 71.63 US dollars. The data released on Thursday showed that...
The oil market has experienced significant volatility throughout the week, starting with a price spike due to Saudi Arabia's one million barrel production cut, followed by a plunge in prices after the US and Iran denied a temporary nuclear deal. Despite the highly-publicized Saudi output cut, US Oil prices saw another decline at the end of last week. As we...
USOIL30m chart, after the arc bottom is formed, encounters resistance near 70, forming M top (double top), MACD death cross, judging from the shape, it should be a pullback and then rise, so, my trading point of view is to be short first , and then go long. Trading Signals: sell:69.3-69.5 tp:68.5-68.3 buy:68.5-68 tp:70.3-71
At present, the hourly line of crude oil falls directly from the top of the screen to the bottom, and the k-line is directly below the moving average. The decline is obvious. Operation strategy: short crude oil around 71.5, stop loss 72.5, target 66
EIA crude oil stocks and strategic crude oil crude oil stocks are all synchronized with the decline in API stocks. In the short term, it corresponds to the central idea of the new round of OPCE+ production reduction meeting. The pressure on the supply side has eased, but the pressure on the Federal Reserve to raise interest rates is continuous, so the crude oil...
CRUDE OIL - KEYLEVELS The last stock of crude Oil its less than the last week, so bassically until Thrusday there is huge potental for grow in price , but not for too long...maybe 72 or 73... im not very bullish ...just for a scalp trade maybe.
Crude oil reached up to $75, the upper space has been opened, currently running above $73, the trend is still rising, but there is no good opportunity to do long at present, you need to wait for the fall to near $72.1 to go long again, short-term trading in the 72-74 range USOIL Trading Plan: sell@73.5-74 tp:72.8-72 buy@71.5-72.1 tp:73-73.5 The Shark Trading...
short us oil again now target 70.63 stop lose 73.12 follow for more free signals GOODLUCK
Oil prices reversed on Thursday and Friday to transition into a choppy situation to the disappointment of buyers as talks to raise the U.S. debt ceiling hit an impasse. Market participants were reluctant to have open buy positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend which...
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 U.S. debt ceiling negotiations failed to reach an agreement last week. Although they will continue on Monday, there are some concerns in the market, which put pressure on oil prices, and U.S. Treasury Yellen's speech on the possible need for more bank mergers has also increased market concerns about the banking turmoil and crisis. At present, it is already...