Yesterday, crude oil fell as I expected. As long as you followed my strategy yesterday, everyone should be profitable. But I judge that oil will not fall directly, it will definitely fluctuate and then fall. Oil has fallen below the rising channel, as long as the rebound does not exceed 82.5, then you can sell short If you have enough funds, you can 81.3...
Prices move towards Fibo Extensions 1, which intersect with Fibo Extensions 1,618, and then there is currently a correction. If the Elliot notation is still appropriate, then the price should be there at this time, Wave 4. With there still being the potential for bullishness, you can find an area for Long in SND below.
Today, I expressed my point of view. The trend of oil is the same as I expected. The following is my point of view in the morning. Oil closed up for the seventh consecutive week last week, continuing its longest streak of gains in more than a year.Because the IEA expects that the increase in global oil demand and the decline in supply will drive oil prices up,...
Oil adjusted yesterday, but in the end it did not break the support point and returned to the upward channel again. My forecast for next week is still mainly volatility, focusing on resistance and support points. Reach the support point to buy up, reach the resistance point to sell down, next week I will remind everyone again how to trade according to the...
USOIL is having a lot of information supporting the increase in oil prices. Besides, Technical Development told him that the uptrend of Oil is continuing. Chart H4 : - Going beyond the H4 transaction boundary created a long time ago. Personally, I can see that the accumulation phase has formed. According to the Wyckoff paradigm. - The recent H4 sessions have...
Today, the oil has been adjusting. It tested the low twice, but it did not reach the low. The short-term support point of the oil is 83.2. At present, the oil is still in the rising channel, and you can trade around the range. Usoil Today's trade building: Usoil:buy83-83.5 TP:84-85 If you don't know how to trade yet, join me and learn how to trade, or let me...
In July, we witnessed a remarkable surge, with oil prices soaring over 14%, marking the most substantial monthly percentage increase since January last year. A perfect blend of tighter supply and surging demand triumphed over concerns about potential interest rate hikes and lingering inflation, igniting economic growth prospects. Adding to the excitement for...
International oil prices have risen continuously, from 67 in June to the current 83, a full 22% increase in more than a month, which has also caused a significant increase in international energy costs.Domestic oil prices have been raised many times in a row. However, this year's high is around 83.5. In the past more than a year, it has failed to break through...
Oil failed to continue the previous long trend on Monday, and the market fell into a stage of consolidation. Yesterday was consistent with the trend I expected, but the rebound was not strong. Today, it has fallen below yesterday's 81.6 support, so it is now in the adjustment stage. The current support is 80.8. If it falls below 80.8 today and tomorrow, then it...
Crude 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...
Crude oil tested highs and fell back to lows yesterday, breaking the previous strong pattern of Lianyang. I mentioned the market after the slow rise of Lianyang, the daily line level: unilateral rise and then fall; after the oil price continued to rise, it met resistance near the strong resistance level and then fell back. The high level is similar to the...
Prepare yourself for a thrilling week ahead as all eyes are fixated on the much-anticipated interest rate decision by the Fed. The question on every trader's mind is, will the Fed signal an end to this year's rate hikes? And if they do, brace yourself, because oil could be on the brink of a momentous breakthrough, turning that elusive $80 per barrel from...
Currently crude is at 81.6 and I am sure friends who saw my post yesterday have made a big profit. Join me and don't let hesitation and procrastination affect your earning speed!
Today successfully harvested three profits! usoil: buy@79.2 tp 80.5
International oil prices rose to a new high in more than 3-1/2 months yesterday, as API crude oil inventory data showed strong demand in the world's largest energy consumer, the United States, although demand concerns elsewhere limited gains. The latest data from the American Petroleum Institute (API) showed U.S. oil inventories fell by 15.4 million barrels in...
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...
Welcome back to our weekly US Oil market analysis! Oil prices have been on a remarkable upward trend, extending their gains for a fifth consecutive week. The rally has been driven by perceptions that supply is increasingly tightening in comparison to demand, although recent US government petroleum data has only marginally supported this notion. Despite the...
Before we dive into the details, let me shed some light on the recent price trend that led us to this thrilling moment. Over the past few weeks, we've witnessed a remarkable surge in oil prices due to hedge fund short coverage. This upward momentum has created a buzz among traders, and rightly so. But today, my friends, we have a unique chance to ride the wave in...