75-75.6 has strong resistance, we can be short.
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...
Dear trader, I think crude oil will fall first and then rise, what do you think? Crude oil has been in a fluctuating upward trend recently, and it is possible to end the wide fluctuations that lasted for more than two months. The main trend is still low bullish mentality trading At present, you can go short first, and then go long The specific strategy is:...
The overall trend of crude oil was strong yesterday, and it was a slow rise. Although the volatility is not large, the trend is obvious. A hammer line is charged on the daily line, and the price is running above the moving average. As long as the MA10 is not broken, the oil price will continue to strengthen. So the overall idea today is to look at the strength...
Despite three production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since October, including support from the Saudis, crude prices have shown limited improvement. This is unexpected, particularly during a time of the year when oil demand should naturally be strong due to summer travel. The Saudis have expressed...
Crude oil is still bullish at the moment, because the bottom is an obvious triple bottom, plus all the positive closing lines, this is a signal to continue to stop the decline, At the same time, crude oil is also operating in shock, the shock area is 67-74 line, Intraday strategy BUY69, SL68,
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...
Crude oil is already close to the key support level below, which is a good opportunity to go long, and we are starting to enter the market usoil: buy @67-67.5 tp:69-70 The shark trading team will provide a lot of trading strategies every day and provide a lot of management services to make your trading easier and achieve stable income!
A very typical shock trend, last trading day under the EIA and API double favorable stimulation oscillation upward test pressure level, from around 72 oscillation counter-pumping in the refresh high touched the 73.2 line and then the shock fall, a wave of sharp fall touched around 69 and then rebounded, in the short term a shock box is also very obvious, this is...
We gave a strategy of short crude oil at $73 yesterday, and today we gave a plan to go long crude oil at $70-$70.5 again, all profitable, and then crude oil continues to be long, and if there is a fall, it will enter the market again. Trading plan: USOIL buy@70.5-71 TP: 72-73 The shark trading team will provide a lot of trading strategies every day and provide...
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...
Over the weekend, OPEC decided to cut oil production, which made the market worry about whether the supply side will affect the global economic recovery. At the same time, oil prices also showed a gap and opened higher this morning. At present, they have pierced the previous platform high but the action of rushing up and falling back has also come to an end....
The USOil rallied as much as 1.3% on Friday after the Fed’s favorite gauge for U.S. inflation came in beyond expectation for April, indicating that the central bank will raise interest rates again in June and July versus expectations for a pause. USOILSPOT Fundamental Factors: However, following the U.S. president's announcement via his Twitter handle on Saturday...
On the fundamentals, it is still in a state of intertwined long and short positions. The optimistic expectations of short-term debt negotiations have given the market some support. Coupled with the recent strong demand for gasoline, there is a certain positive stimulus for crude oil in the short term. However, there is currently some uncertainty about the...
By the end of the previous week, the Oil prices appear to have stabilized in a trading range between 74.00 and 67.00 per barrel. Sluggish data coming in from the Chinese economic docket (the world's number one importer of crude oil) is not helping matters at all; with a 1.4% decline in imports and an 8.5% drop in export growth. The economy seems to be struggling...
Yesterday, the market continued to fall as scheduled and adjusted to reach the support level of the chips below. In the short term, we can continue to focus on the pressure of the chip peak (around 73.80). We can also clearly see from the above picture that the CCI has further upward movement In the short term, there is also a lot of pressure at the top, just...
Congratulations to all my followers ,really was a good trade . again the market was in good movement to continue pushing up that's why we have to wait pullback and follow the trend. SEE YOU IN NEXT STATION