Severe storms in the Black Sea region interrupted Kazakhstan and Russia's oil exports of up to 2 million barrels per day.The Ministry of Energy of Kazakhstan said that the average daily oil production of Kazakhstan's largest oilfield will be reduced by 56%.This has led to the possibility of short-term supply constraints and pushed up crude oil prices.Secondly, a...
Yesterday I said that oil has broken through the downward trend, and now it is blocked from falling in the middle of the trend line. If it continues to fall, we need to observe the support strength of 76-76.3 So you can buy gradually in this range, because the OPEC meeting is still uncertain, if it falls below the range, you need to strictly set the stop...
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...
Last week, the momentum of crude oil has weakened, and next week will focus on the Opec meeting, which is mainly short before the meeting! This week's profit is less, I will layout after waiting for the big trend!
I reminded yesterday that oil fell rapidly because of the postponement of the OPEC+ meeting, but the final time was set to be held again on November 30, so oil prices began to rebound yesterday. As can be seen from the chart, the trend of oil after the rebound is relatively weak, and today it did not break through the point where it started to fall at 77...
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...
Oil was blocked from the middle edge of the trend line yesterday and began to fall As long as oil breaks through 78.4, there is still a lot of room for growth above, so the resistance of 78.4 is still observed today. Oil is still on the upward trend for the time being, so you can still choose to buy at the support point You need to strictly set the stop loss...
This is my forecast in the morning. Now that the oil has risen to the middle edge of the trend line, observe the resistance of 78.4. Judging from the news, the OPEC+ meeting is discussing further production cuts, which may intensify tensions with the United States. At the same time, the market is focusing on whether Saudi Arabia and Russia will extend voluntary...
The EIA report shows that the inventory of Cushing crude oil in the key hub of the United States has increased, rising to the highest level since August last year.In addition, the monthly report of the American Petroleum Institute (API) showed that oil shipments in October increased by 4.6% year-on-year to 31 million barrels per day.Oil supply increased by 3.2%...
The original income this week was more than 10k, after experiencing CPI data, crude oil fell sharply to 72.2, down nearly 500 points, and rose all the way to near 76 on Friday, basically recovering the decline, next week focus on the break near 76! Currently there are orders do not know how to operate friends, you can pay attention to me, I will answer for you!
EIA released nearly two weeks of inventory data, a cumulative increase of 17.5 million barrels, more than expected accumulation led to a rapid decline in the disk, of which crude oil inventories reached 439 million barrels in the week of November 3, a higher since August. In addition, the market expects Saudi Arabia to extend production cuts until January next...
Us EIA crude oil inventories for the week to November 10 were released yesterday afternoon, showing a rise of 3.6 million barrels to 421.9 million barrels, expectations for a rise of 1.793 million barrels, the previous value of 13.869 million barrels, negative for oil prices. With global demand for crude oil slowing and supply increasing, some analysts believe...
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...
Yesterday, oil fell rapidly, broke below the five-day line, and returned to the downward trend again. From the chart, it can be seen that 75-76 has certain support. We need to observe the support strength of the previous low of 75. If it falls below the previous low, the room for decline will be opened. So we can short and sell along the resistance point now...
Oil peaked at around 79.8 yesterday. Due to signs that tensions in the Middle East may ease and uncertainty about U.S. crude oil inventories, it fell to near 77.7 yesterday. As can be seen from the daily line, the price has been supported and stabilized near the lower Bollinger band, and has emerged from a continuous rebound trend. Although the price fell after...
Oil prices rose and fell, and the U.S. CPI data released in the evening showed that the annual rate of CPI reached 3.2%, the lowest since July this year, boosting market risk appetite. After the data was released, the dollar fell sharply, risk assets rebounded, and oil prices quickly pulled up from the intra-day low, but the final oil price did not hold the...
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