Crude oil witnessed an increase on Monday, breaking through $73.5 before experiencing a subsequent decline. Despite significant market volatility, the likelihood of another upward movement remains higher. It is advisable to continue going long and follow the trend. USOIL: Buy @ 72-72.5 SL: 71.2 TP: 73.2-73.5 Signals have been consistently sent for a month with...
Crude oil has initiated an upward trend after forming support at the bottom. However, considering the 4-hour chart, the overall trend for crude oil remains bearish. This week, it is crucial to monitor whether $73 will experience a valid breakthrough. In the short term, attention is focused on the resistance at $73. If a valid breakthrough occurs, it is advisable...
With the EIA data today, the market is bound to experience significant fluctuations. From the current point of view, I think the probability of an upward trend is relatively high, so my trading strategy is to go long. During this process, since the fluctuations will be very large, you must do a good job in risk management and never let your transactions bear...
As Opec + delegates announced, the second foreign Opec + production cut in the first quarter of 2024 will be voluntary. Crude oil fell sharply close to 500 points, then hit the channel support line began to rebound, the current rebound is close to 150 points, multiple can continue to hold! If you have any questions about the transaction, you can contact me and I...
The OPEC meeting originally scheduled for November 26th will be postponed to November 30th, and OPEC will change to an online meeting on November 30th, which will affect the trend of oil. Oil has always been weak, volatile and falling Observe the support strength of the support range 73.7-74.1 of the last rebound If it falls below this support range, oil may...
OPEC+ will hold a meeting this weekend, and WTI oil traders will face significant risks.If more and longer production cuts are announced at the OPEC+ meeting, oil prices may pick up As can be seen from the chart, oil has been in an upward trend, but it has not broken through the middle edge of the trend line. So we are still waiting to fall to the support...
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...
The wars are no longer strong and the main thing is that oil prices will decrease again after a period of adjustment Regarding technical analysis, when measuring fibo oil will retest the 0.5 zone and will fall deeply
Crude oil's downtrend continues, testing support at $72. Anticipate another decline after reaching around $74. If you have long positions in crude oil, consider closing near $74 and following the trend by shorting. Personally, I expect crude oil to reach $70 in the near term before resuming an upward trend. I provide daily analysis and strategies for gold and...
Pair : US Oil Description : Bearish Channel as an Corrective Pattern in Short Time Frame. Completed " 1234 " Impulsive Wave at Fibonacci Level - 23.80%. Break of Structure and Retracement with Strong Divergence. Bullish Channel in STF with the Breakout of Lower Trend Line Entry Precautions : Wait for the Proper Rejection
After today's CPI data was released, crude oil rose rapidly, reaching a maximum of 79.77, and then continued to reverse the increase, the current position is 78.3, below the support position of the rising channel, we can be long crude oil in this position! If you are confused about trading, please join me, I believe you will have a great harvest!
This week, crude oil has been running between 80 and 83.2, which is in line with my previous forecast, and I have made very good profits in this range by going short on highs and long on lows. Follow-up focus on whether the yuan oil breaks through the sub-range! If you are confused about trading, please join me, I believe you will have a great harvest!
The important support below crude oil is around 80.8, the upper pressure is 83.5, we are still trading in this range today, and we have a very good profit! If you are confused about trading, please join me, I believe you will have a great harvest!
Oil fell to the vicinity of 82.5 again yesterday. Now 82-82.5 has been supported twice, and the support strength of 82 has been more determined, and the resistance above 85.5-86 has not broken through many times. So you can judge that it is now oscillating back and forth in the range of 82-86. Now you can buy in the range of 82-82.5, or sell in the range of...
After yesterday's pullback, crude oil continued to rise today to near the pressure level of 83.2, peaking at 83.4, we are trading in this range, and the profit is very good! At present, the price of crude oil is around 82.2, if you can continue to do more after encountering support, in the short term, crude oil is a volatile trend, must grasp the direction of the...
Yesterday's decline in oil broke through the low of 82, and the lowest fell to near 81.8, but it did not fall below the important early support point of 81.2. The current price of oil is around 82.95, you now need to observe whether the oil will be supported again, or observe the important boundary point of yesterday's decline 84 So we need to wait for the...
The current price of crude oil is 82.7, reaching the main support position below, and the current price is directly long! If you are confused about trading, please join me, I believe you will have a great harvest!
Hello Everyone. i want share my idea about USOIL. After big and strong uptrend we saw some trend reversal change which actually was correction of price. in this week price start perfect up movement which broke some resistances and then had good reaction at the levels. Price action is upside it has strong downside movements but with it i think they are taking...