Usoil:Waiting for direction
As can be seen from the chart, oil has now shown signs of stopping falling
If oil does not fall below 74.9 today and rises again, then it can be judged that the probability of rising next week increases. This is the short-term bottom.
If it falls below 74.9, oil may continue to fall and return to the downward trend. Observe the support strength of 73.7, 73, and 72 below.
So you can choose to buy above 74.9 and observe whether you can break through the key point of 77.3.
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Usoilanalysis
OIL SELLHello, according to my analysis of the oil market, the market is in a very negative state. The market has broken the ascending channel. It also broke the 88.00 level, which is considered strong support. In the coming days, we may notice further declines towards the 80.00 levels and the 76 level. Good luck to everyone.
Gold and crude oil operation sharing on Wednesday
Gold fell from 1977 to around 1956 in the entire Asian market and European market on Tuesday, while the US market went through a correction. As of the early morning closing, gold fluctuated below 1970. On Wednesday, the Asian market continued to fluctuate around 1970. Judging from the current form, The probability of shock is very high today. In terms of operation, we should pay attention to the morning opening level of 1969 and Tuesday's opening level of 1978 to be bearish.
In terms of crude oil, it also fell sharply yesterday, from 81.00 to around 77.00, a drop of nearly 40 points throughout the day. Judging from the current situation, there is a high probability of a correction today. Pay attention to the range of 77.80 and 78.30 during the day and you can short-sell in batches. .
USOILCrude oil fell below the support of 80.00. The current crude oil market is a unilateral falling market. Do not speculate on the bottom, and do not intercept the long position. A small rebound is a small short, a big rebound is a big short. Crude oil has fallen sharply and there is no bottom. Today's crude oil can continue to be short as early as 78.00. .
The key to crude oil is here!
In terms of crude oil, Saudi Aramco said that the current production capacity increase is progressing smoothly. At the same time, crude oil production in Iran and other crude oil-producing countries has also rebounded to varying degrees. At the same time, there are reports that future crude oil demand is expected to decline. Both ends of supply and demand have put sufficient pressure on crude oil, coupled with the hawkish Federal Reserve. From the currency point of view, crude oil has continued to weaken recently. It broke out in the last trading day. It once fell below the 80 mark, accelerated below the previous low support near 79, and fell back to around 76.5 with inertia. It stopped falling slightly and reversed. In the short term, there is a high probability of weakness. It will continue. At the top, focus on the pressure level near 79, which is gradually moving downwards. The rebound will continue to go short. At the bottom, focus on the strong support of 74.4/73.8.
Crude oil counter-draws 78.4/5 to go short, defends 79.2, and targets below 77. It retreats to long positions near 74.7/8, defends 74, and targets above 76.
Crude oil latest trading strategy
Crude oil continues to sweep, and it is also a time cycle. The direction determined by the US market has the best continuity. It accelerates when it starts, and the range is around 25-30 US dollars.
The current price has formed a range similar to an open trumpet, with upper rail resistance 83.7-83.9 and lower rail support 79.0-78.8
So, for today's crude oil, we need to continue to pay attention to the opening range form and conduct sweeps. If the bottom touches the support 79.0-78.8 area, you can participate in a long order. Watch the price form a support to rise again and move around the range sweeps.
Referring to this idea, when the European market price is under pressure and falls below the low
Crude oil is long in the 79.1-78.9 area, with a stop loss of 78.4 and a target of 80.4-80.8
USOILHello fellow traders,
The USOIL keep on falling, Strong hold area at 83.38$
Im expecting a new low again at zone 80.27-79.8$
If price makes new low , with a momentum at 80.27$ then we might test the 83.38$ upto 85.57$ again.
This idea base on my understanding only!
This is not a financial advice !
Follow for more
Usoil:Still weak
The oil is still oscillating repeatedly, but the resistance point above is gradually declining, so it is judged that the oil is still relatively weak today.
At present, the oil is near 81.3, and the lowest point is near 80.3. Observe the support of 80.3. You can try to buy in a small position. If the oil falls below 80, you can make a stop loss.
The upper resistance is 83.2, so you can also choose to sell above 83, control your position, and your success rate will increase.
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USOil WTI Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of USOil WTI, with a specific emphasis on the prevailing bearish sentiment evident on the weekly (1W) chart. Throughout this presentation, we delve into fundamental principles of technical analysis, encompassing critical elements such as the current market trend, price dynamics, market structure, and other indispensable components of technical analysis. As we proceed within the video, we meticulously scrutinize a prospective trading opportunity.
It is imperative to emphasize that the insights shared in this content are exclusively for educational purposes and should not be interpreted as financial guidance. Engaging in the foreign exchange market trading entails a substantial degree of risk. Hence, it is essential to prudently integrate robust risk management strategies into your trading plan.
Usoil:Not strong willingness to rise
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 right opportunity to enter the market to improve our success rate
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USOIL TRADE IDEA Long (31/10/2023)On the weekly timeframe, USOIL has already reversed into a buy, breaking significant structures. I believe it'll keep seeking out buys.
The daily time frame confirms that too - with current weakness showing in order to gather liquidity to complete the long move.
In terms of where it'll react from - that depends on the structure it breaks. If it breaks (Likely and best situation) POI 1, then expect it to return to POI 2 and to react off of there.
I expect price to return to POI 2 because using the Fib tool, you shouldn't be looking for trades at 50%, rather around 60-75% or the inverse 0-25/35%.
Target profit 1: 93.75
Target profit 2: 101
NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
Usoil:Range fluctuation
Oil is still the same as I said last week, fluctuating in the range of 82-86
As can be seen from the chart, the low point of oil is constantly moving up, and the support point is also constantly moving up, from 82 for the first time, to 82.5 for the second time, and 83 for the third time.
So it can be seen that we can still sell at the high point and buy at the low point
Now you can buy in the range of 82-82.5, or sell in the range of 85.5-86.
This strategy is still effective. Aggressive traders can buy at 83. If you break through these two ranges, you need to make a stop loss.
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USOIL (WTI) BUYING ON DIPS HELLO TRADERS,,,
As i can see this chart of USOIL it is moving same as we had predicted in our previous analysis
Israeli & Gaza War Tensions are driving Gold and Oil prices in bullish trend and we can see a Wyckoff Pattern on the base of technical view the support is holding the price of oil and i am expecting it will boost to the upside for completing this technical pattern...
History will repeat, like the 1973-1974 war, where all the Arab countries stopped the supply of OIL. Can we see the same thing in 2023-2024 as war is at its peak? If the same happens, the OIL price will shoot to 120-130 barrels directly .
this is just an trade idea with Technically + Fundamentally view Kindly share Ur thoughts on US OIL so it will help alote traders community we appreciate Ur love and support
Stay tuned for more updates
OIL BULLISH TREND STILL ON !!hello friends as i can see oil has filled the last week market opening gaps and continues to up trend Israeli & palatine war had changed the USOIL moves so fundamentally + technically chart is show us more upside moves till the drawn levels
please share ur ideas and thoughts about usoil
stay tuned for more updates
Oil Prices Plummet as Russia Boosts ExportsTh oil market that might present a potential opportunity for those who are interested in shorting oil. Please note that this opportunity should be approached with caution, as market dynamics can be unpredictable.
Over the past few weeks, we have witnessed a significant drop in oil prices, primarily driven by Russia's decision to ramp up its oil exports. As a result, the global oil market is experiencing an increased supply, which has put downward pressure on prices. As of today, oil prices have dipped below the $84 mark, signaling a potential bearish trend.
Considering the current situation, it may be prudent to explore the possibility of shorting oil. However, I must emphasize the importance of conducting thorough research and analysis before making any investment decisions. As experienced traders, you understand the importance of managing risks and being prepared for any potential market fluctuations.
To assist you in evaluating this opportunity, I recommend closely monitoring Russia's export levels, as well as keeping a close eye on global oil demand and geopolitical developments. Additionally, staying informed about any significant announcements or policy changes from major oil-producing countries will be crucial.
As always, it is essential to remember that the oil market can be highly volatile, and timing is of utmost importance. Therefore, I encourage you to exercise caution and carefully assess your risk appetite before engaging in any short positions.
Should you decide to explore this opportunity further, I encourage you to consult with your financial advisor or seek professional guidance. They will be able to provide tailored advice based on your individual circumstances and investment goals.
In conclusion, the recent drop in oil prices, driven by Russia's increased oil exports, presents a potential opportunity for those interested in shorting oil. However, I urge you to approach this opportunity with caution, conducting thorough research and analysis before making any investment decisions. Remember to stay informed, manage your risks, and seek professional guidance if needed.
XTIUSD ( US OIL ) LONG term Trade Analysis Hello Traders
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Crude oil trading tips last week
Crude oil opened at around 87.8 and ended at around 88.2 last week. The overall trend of crude oil last week was bullish. We look at the price changes of crude oil with an upward trend. We can see that the greater the downward adjustment, the more the price increases, and the objective trend enters sideways. To summarize, the current price in the sideways range is beneficial to traders, which is in line with the trend following method. We only need to buy at low points according to the overall upward trend. If the price breaks up and down, we will use the turtle trading rule.
The above is a review and analysis of last week’s crude oil trading. If you need more content, please join me.
USOIL WTI Technical Analysis And Trade IdeaIn this video, we conduct a comprehensive analysis of the USOIL market, with a primary focus on the prevailing bearish sentiment observed in higher timeframes. Notably, WTI has recently approached a critical support level. Throughout the video, we delve into essential elements of technical analysis, which encompass aspects such as the current trend, price action dynamics, market structure, and various other fundamental components of technical analysis. As we progress through the latter part of the video, we closely examine a potential trading opportunity.
It is crucial to emphasize that the information presented here serves exclusively for educational purposes and should not be construed as financial advice. Engaging in currency market trading carries a significant level of risk. Therefore, it is imperative to prudently incorporate risk management strategies into your trading plan.
USOIL Analysis . Plan for next week.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 liquidity and filtering Traders, at all high timeframe price action is upside and i think it will for a long time.
Here is my setup for this trade.
Open Long position - 88.28
Stop Loss - 86.30
Take Profit - 93.72
In this setup here is perfect 1:3 reward ratio but if i will be right i will wait if oil will brake weekly resistance at 95.00 i will trail my stop loss and follow trend.
Be patient!!! Manage your risk!!! Make your own research!!!
2010 USOIL is on a very strong uptrendHello traders,
Lets review this weekly outlook first.
This week, we were expecting weekly trend to be continued.
And it is continuing with a fice-wave trend here.
Check this right chart first, you can see that I am assuming wave 2 is still ongoing with lower 5 WAVES( RED).
Oil could eventually hit last high and breakthrough to make a new high next week.
GOOD LUCK ON PLANNING TO BUY.
LESS IS MORE.