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.
the sideways area has been successfully passed, there is a possibility that the price will retrace to the support area and resume the bullish trend again with the nearest target at $77.
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.
Looking at the daily level of crude oil, the Bollinger Bands open upward, and the price breaks through the resistance on the upper track. The bullish trend is clear. Short-term operations and other callbacks enter the market, following the trend. In the 1H chart, the Bollinger Bands continue to open upward, and the opening price of the Asian market rose. Going out...
I am bringing your attention to some concerning factors that may impact the oil market in the coming months. It is crucial to be cautious and prepared for potential challenges ahead. Firstly, the rise in interest rates is likely to impact oil prices significantly. As interest rates increase, borrowing becomes more expensive for oil companies, reducing investment...
First and foremost, the oil market has been showing remarkable momentum lately, and I believe we are on the brink of a potentially profitable move. The latest Simple Moving Average (SMA) crossover signals a solid bullish trend, indicating an upward price movement. This is a great sign for us looking to capitalize on the market's upward potential. But that's not...
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...
I am reaching out today to discuss a concerning trend in the oil market, specifically related to the 50 Exponential Moving Average (EMA) and the subsequent selling pressure it has exerted on oil prices. As traders, we must remain cautious and vigilant in light of these developments. Over the past few weeks, we have witnessed a significant decline in oil prices,...
In the past week, we have witnessed an unprecedented surge in oil prices, driven by a third consecutive week of negative oil supply and the lowest levels seen since January. This remarkable turn of events presents an exciting opportunity for all oil traders to capitalize on the market's volatility and maximize their gains. The current market conditions have set...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Crude oil first fell and then rose on Wednesday. The drop of 67 was blocked and then fluctuated upward. The EIA data was bullish. The oil price broke through 69 and reached a maximum of 69.7. Today, let’s see if 70 can break through, and then look around 72 after breaking the position. At the top, focus on 70.5, the hourly line, 69.7 is blocked and there will be a...
Today is the weekend and the last trading day at the end of the month, and the volatile market will be relatively large in the future But I predict that there is a high probability that oil prices will stabilize at $70 today Analysis: At present, continue to pay attention to the middle track of the hourly line. As long as this position is not broken or the big...
I am writing to discuss the recent fall in oil demands due to the interest rate hike. As you may already know, the Federal Reserve has raised interest rates, which has caused a ripple effect throughout the market, including the oil industry. Unfortunately, this has resulted in a decrease in oil demand, which has caused prices to fall. As a result, we are urging...
Now that the oil price is approaching the suppression of the 4-hour period moving average, long orders should be the first to make profits. This position is not easy to grasp. Wait for the oil price to break through the moving average or fall to the trend line to re-arrange long or short orders. In the triangle arrangement pattern, just sell high and buy low....
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...
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...
Hey guys, Lets look at US OIL. Tracking oil markets is far easier as sentiment comments in the news don't really need deciphering. We saw large periods of harsh and rash movement + extreme prices based on high volatility Trading and news influx. Now, the story is different and people are not rushing to buy oil on the black market or making contingency...
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