Get started

Usoilanalysis

Crude oil: exceeded my expectations and keeps rising Crude oil bulls continue to take the initiative in the market and pulled up again yesterday. It is now close to the previous secondary high of 85.5. This is not the ultimate goal of the bulls, but the only thing that needs to be considered is that there may be an adjustment within the day and then rise. In the short term The node still looks at the previous high of 87 as the target. According to the deduction of the wave trading system, the main reason why crude oil is expected to rise is that: the overall rising rhythm of waves 3 and 5 has gradually changed from the initial shock upward to a unilateral rise, and the performance of bulls has become more and more obvious. Crude oil pressure 85~85.3, For crude oil operations, it is recommended to buy at 84.5, with a target of 84.0~84.50. (The point may be revised as the market changes during the day, subject to real-time strategy)
TVC:USOILLong
by Dylan-Jones
0109 USOIL turning down for a correction on NFP Day Hello traders, USOIL is on a plan for correction right now. First lets review our outlook of USOIL in this idea. USOIL did not make a sideways price action but went up straight to the weekly resistance zone. Now should us think about correction or sideways price action for USOIL? Yes. On this 4H chart, with a later NFP releasing, it is possible for USOIL to make a test once to 84.84 and turn down for a correction. Corrective wave could down to hit FIbo 382-618 zone. GOOD LUCK ON WAITING FOR MORE SIGNALS. LESS IS MORE!
TVC:USOILShort
by FUNTRADER-Vera
3
2608 USOIL Weekly OutlookHello traders, USOIL seems making a big weekly W bottom. Focusing back to last few weeks price action, Oil seems just making a fibo 382 correction and still standing on the EMAS. It still looks bullish on this chart. With the potential uptrend green channel on this chart, it would be very nice for buyers if oil finish correction and turn up again to reach the upper line of the channel. Otherwise, it goes sideways to break the channel before rising WITHOUT MAKING ANY NEW LOW. These are simple plans on weekly chart. What makes it hard is your patience for the signals to trade. GOOD LUCK !!! LESS IS MORE!
TVC:USOILLong
by FUNTRADER-Vera
USOIL 4H (Pivot Price: 81.38) Hello, Crude oil price shows new positive trades to support the continuation of the expected bullish trend on the intranet basis, stabilizing above 81.38 ill support rising to touch 82.97 then 83.72then 84.70 stabilizing under 81.38 will support falling to touch 80.51 the 79.28 Pivot Price: 81.38 Resistance prices: 82.97 & 83.72 & 84.70 Support prices: 80.51 & 79.46 & 78.28 timeframe: 4H ❤️Please, support my work with like, thank you!❤️
TVC:USOILLong
by Evar_Mayi
Navigating Oil Price Rises as Supply Tightens and China PMI Edge Introduction: As the global economy gradually recovers from the pandemic-induced slump, a combination of factors has led to a tightening of oil supply, resulting in a notable rise in oil prices. Coupled with China's Purchasing Managers' Index (PMI) showing signs of improvement, the time might be ripe for investors to consider long positions in oil. In this article, we will delve into the reasons behind the oil price surge the impact of China's PMI on the market, and provide a call-to-action for those seeking investment opportunities in the oil sector. Understanding the Supply Tightening: One of the primary factors driving the recent surge in oil prices is the tightening of supply. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been implementing production cuts to stabilize the market. These cuts and the ongoing global economic recovery have gradually reduced oil inventories, causing prices to climb. China PMI and its Influence: As the world's second-largest oil consumer, China is crucial in shaping global oil demand. The country's PMI, a key economic indicator, provides insights into the health of its manufacturing sector. As China's PMI edges higher, it suggests increased industrial activity and, subsequently, higher oil demand. This positive trend in China's PMI can potentially contribute to further price appreciation in the oil market. Call-to-Action: Long Oil For investors seeking potential opportunities in the oil market, now might be an opportune time to consider long positions in oil. As supply tightens and China's PMI shows improvement, the market dynamics appear favorable for potential gains. However, it is essential to approach oil investment cautiously and conduct thorough research before making any decisions. Here are a few key points to consider: 1. Diversify Your Portfolio: While oil investment can be lucrative, it is crucial to maintain a diversified portfolio to mitigate risks. Allocating a portion of your investment to oil can help balance your overall portfolio and potentially enhance returns. 2. Stay Informed: Keep a close eye on global oil market trends, geopolitical developments, and economic indicators like China's PMI. Staying informed will enable you to make informed decisions and seize opportunities as they arise. 3. Consult a Financial Advisor: If you are unsure about navigating the complexities of the oil market, seek guidance from a qualified financial advisor. They can provide personalized advice based on your investment goals and risk tolerance. Conclusion: As supply tightens and China's PMI edges higher, the oil market presents potential opportunities for investors. By understanding the factors driving oil price rises and staying informed about market dynamics, investors can potentially make informed decisions to benefit from this upward trend. However, it is essential to approach oil investment cautiously and seek professional advice if needed. With careful consideration and prudent investment strategies, long positions in oil may prove advantageous for those seeking to diversify and capitalize on the current market conditions.
TVC:USOILLong
by bryandowningqln
3
Oil Moves Up as China Extends Support to Boost EconomyIntroduction: In a positive turn of events, the global oil market has witnessed a significant uptick as China, the world's largest importer of crude oil, continues to implement measures to bolster its economy. This development has injected a sense of cautious optimism among traders, who now have an opportunity to capitalize on the upward momentum. In this article, we explore the recent support from China and provide a call to action for traders to consider loading up on oil slowly and conservatively. China's Economic Support: China's commitment to revitalize its economy has been the driving force behind the recent surge in oil prices. The nation's robust economic recovery plan, including increased infrastructure spending and a boost in domestic consumption, has instilled confidence in the oil market. As China's demand for oil rises, traders can anticipate a positive impact on prices. The Impact on Global Oil Prices: China's unwavering support for its economy has a ripple effect on the global oil market. As the nation's demand for oil escalates, it creates a favorable environment for prices to climb steadily. This upward trajectory can be seen as an opportunity for traders to enter the market and potentially reap the benefits of this positive trend. Call-to-Action: Load Up on Oil Slowly and Conservatively While the recent developments in the oil market are encouraging, traders must exercise caution and adopt a conservative approach. Here are a few key considerations to keep in mind: 1. Analyze Market Trends: Before making investment decisions, carefully analyze market trends, supply-demand dynamics, and geopolitical factors that may impact oil prices. Stay informed by following reputable news sources and consulting expert opinions. 2. Diversify Your Portfolio: To mitigate risks, it is advisable to diversify your investment portfolio. Allocate a portion of your resources to oil while maintaining a balanced approach across various sectors and commodities. 3. Set Realistic Targets: Establish realistic profit targets and risk management strategies. Avoid succumbing to the temptation of quick gains, as oil prices can be volatile. A gradual and measured approach will help you navigate potential market fluctuations. 4. Stay Informed: Continuously monitor global economic indicators, geopolitical developments, and policy changes influencing oil prices. Being well-informed will enable you to make informed decisions and adjust your strategy accordingly. Conclusion: China's commitment to supporting its economy has breathed new life into the oil market, offering traders a window of opportunity. However, it is crucial to approach this opportunity with caution and a measured mindset. By following a conservative investment strategy, analyzing market trends, diversifying portfolios, and staying informed, traders can benefit from the current upward trend in oil prices. Remember, slow and steady wins the race. Call-to-Action: Embrace this cautious optimism and consider loading up on oil slowly and conservatively regarding the considerations above. By doing so, you can align your investment strategy with the positive market sentiment and potentially capitalize on the upward movement in oil prices.
TVC:USOIL
by bryandowningqln
2
Crude oil: back above 80 again Oil prices rebounded at the opening and remained stable. On the whole, whether it is the Fed’s interest rate hike expectations cooling, the dollar’s fall, the rise in U.S. stocks, or the possible impact of U.S. hurricanes on supply, coupled with a sharp decline in crude oil inventories and geopolitical tensions, they all tend to support oil prices. Technical The short-term bullish signal has also strengthened, and oil prices are expected to retest the resistance near the August high of 84.87. The trend of crude oil daily chart is currently stable above the short-term moving average, and today it is stable again above the middle rail line. The market outlook will rely on the middle rail line and the short-term moving average to support the bullish rebound. Below, focus on the support around $81.00 and $81.5. In terms of operational thinking, the main focus is to go long and be bullish. Go long near 81.20, stop loss: 80.70: target 83.00
TVC:USOILLong
by Dylan-Jones
1
Get Ready for an Epic Rise: Oil Prices Set to Soar to $300! I will reveal a scenario that could send shockwaves through the market and skyrocket oil prices to an unprecedented $300 per barrel! In recent months, we have witnessed a series of events that have set the stage for an extraordinary rise in oil prices. The global economy is experiencing extreme inflation, with prices soaring. As a result, we are on the verge of witnessing a perfect storm that could send the value of oil through the roof. You might be thinking, "Why should I care about this?" Well, my friends, this is an invitation to seize an opportunity that could transform your trading portfolio. So, fasten your seatbelts and prepare to embark on an adrenaline-fueled journey of epic proportions! Here's the deal: Rising extreme inflation is causing the value of currencies to plummet, leaving investors scrambling for a haven. And what better haven than the black gold itself? Oil has historically been a store of value during times of economic uncertainty, and this time is no different. As the demand for oil rises, driven by the need for energy in an ever-growing world, and supply constraints tighten, we are witnessing the perfect storm brewing. It's like a pressure cooker waiting to explode; oil prices will surge to unimaginable heights when it does. So, what's the call to action, you ask? It's simple: Long oil! Position yourself to ride this wave of opportunity before it's too late. Don't let this thrilling chance slip through your fingers. Take action now and secure your position in the oil market. Here are a few steps to get you started: 1. Conduct thorough research: Dive deep into market trends, economic indicators, and geopolitical factors that could impact oil prices. Knowledge is power, and being well-informed will give you an edge in this exhilarating journey. 2. Develop a solid trading strategy: Craft a well-thought-out plan that aligns with your risk tolerance and investment goals. Consider entry and exit points, stop-loss levels, and potential profit targets. 3. Leverage trading tools: Equip yourself with cutting-edge trading platforms, technical analysis tools, and real-time market data. These resources will help you make informed decisions and stay ahead of the curve. 4. Stay updated: Keep a close eye on global economic news, oil production reports, and market-moving events. Knowing the latest developments will enable you to adapt your strategy accordingly. Remember, trading is not for the faint-hearted. It's for those who crave excitement, thrive on challenges, and are willing to take calculated risks. The potential rewards that await in the oil market are enormous, and it's time for you to seize this golden opportunity. So, fellow traders, gear up, embrace the thrill, and embark on this exhilarating journey to long oil. Together, we can ride the wave to unimaginable profits! Wishing you adrenaline-pumping trades and boundless success, Oil Is Going To $300 A Barrel (forbes.com)
TVC:USOILLong
by bryandowningqln
USOIL: Oil today analysis Crude oil technical analysis: crude oil yesterday cross small Yin K line closed flat, the space is not much, maintain in the last week's range of oscillating operation, currently continue to be in the short-term direction of choice, is poised to break the low point further fall, or start a steady recovery to recover lost ground, short-term in the shock of the momentum, the rhythm is slow. The Japanese K line entity is small and has no practical reference significance, waiting for the entity K line to break the current deadlock. 4 hours Tubrin road began to close, the short-term temporary saw back and forth between the upper and lower rail, the current upper and lower rail there is a certain range, the support of the lower rail is still at the low point 77.70-78.30. The upswing was near yesterday's high. At present, in the contraction shock, the short-term unilateral quantity is insufficient, and it will be maintained in the interval, and the operation is mainly to deal with the ultra-short line. In summary, crude oil today's short-term operation, above the short-term focus on the resistance of 80.6-81, strong support of 81.3-81.5, below the short-term focus on 79.0-78.5 support
TVC:USOILShort
by HectorBrown1
Potential Impact of EU Importing Russian Oil via Refined IndiaRecent developments suggest that the European Union (EU) might start importing Russian oil through refined products from India. As prudent traders, it is crucial that we pause and carefully evaluate the potential consequences of this situation. Over the past few years, the EU has been actively diversifying its oil supply sources to reduce its dependency on a single region. However, reports indicate that the EU might explore alternative routes for importing Russian oil. Specifically, there are indications that Russia could export its oil to India, where it would be refined before being shipped to Europe. While this development may seem like a mere shift in supply routes, it can disrupt the oil market dynamics. The EU's reliance on Russian oil has always been a concern due to geopolitical tensions and uncertainties surrounding the region. This new approach of importing Russian oil via refined products from India introduces a new layer of complexity and raises several questions: How will this impact the oil market's overall supply and demand dynamics? Will the EU's diversification efforts be compromised, potentially leading to heightened geopolitical risks? Can we anticipate any price fluctuations or market volatility resulting from this potential shift? Given the potential implications, I strongly encourage you to pause oil trading momentarily and take a cautious approach until further clarity emerges regarding the EU's decision and its impact on the market. It is crucial to carefully assess this development's potential risks and opportunities before making any significant trading decisions. As the situation unfolds, I urge you to stay informed and closely monitor any updates from reliable sources. Engage in discussions with industry experts and fellow traders to gain insights and perspectives that can help inform your trading strategies moving forward. In conclusion, the EU's potential decision to import Russian oil through refined products from India has the potential to impact the oil market significantly. We must exercise caution and evaluate the possible consequences before resuming trading activities. We can navigate this uncertain period and make informed trading decisions by staying informed and engaging in thoughtful discussions. Thank you for your attention to this matter, and let us remain vigilant as we navigate these evolving market dynamics.
TVC:USOIL
by bryandowningqln
2
Crude oil prices reverse, or will launch a month-end sprint Although the U.S. economic S&P global PMI and durable goods orders were weak last week, these did not dampen growth prospects. The Atlanta Fed’s GDPNow model predicts that the U.S. GDP growth rate in the third quarter will reach 5.9%. Federal Reserve Chairman Powell also said at the central bank's annual meeting that "the U.S. economy is stronger than expected." Both the markets of China and the United States have seen positive changes, which is undoubtedly an important driving force for the stabilization and upward movement of WTI crude oil prices. In the short term, there are other supply concerns that boost oil prices. For example, some predictions that Saudi Arabia will further extend voluntary production cuts until October are circulating in the market, and the possibility of tropical storms affecting the short-term crude oil production capacity of the United States also supports oil prices. The four-hour chart shows that WTI crude oil prices stabilized and rebounded around 78 last week, and have now completed a bullish wedge-shaped reversal, which means that the downward trend from the August high has ended, and oil prices may turn upward. If it meets expectations, the initial upward target of WTI crude oil price will look at the 81.50-82 area, and the further upward target is also the more important resistance in the 83-84 area. If this resistance area is broken, the trend will gain a wider upward space. And if it falls back in the short term, focus on the support of the 79-80 area. Holding this support area will maintain a bullish outlook. If it falls back to the inside of the wedge, the bullish outlook will be invalidated.
FX:USOILLong
by Richard-Wagner
Factors Behind Rising Oil Prices: A Call-to-Action for ConsciousThe oil market is heating up, and it's time to seize this golden opportunity. The recent surge in diesel prices, a decline in oil rigs, and a refinery fire in Louisiana have caused oil prices to skyrocket. This is your chance to make a bold move and long oil! First off, let's talk about the surge in diesel prices. Diesel prices have been climbing steadily, which has significantly impacted oil prices. Diesel is a crucial fuel for the transportation and industrial sectors, and its increased demand has put pressure on the oil market. As diesel prices continue to rise, so do the prospects for oil prices. Adding fuel to the fire, we have witnessed a decline in oil rigs. With fewer rigs in operation, oil production has been affected, leading to a decrease in supply. As the saying goes, when supply dwindles, prices soar. This decline in oil rigs has created a perfect storm for oil prices to rise even further. But that's not all! A recent refinery fire in Louisiana has exacerbated the situation. Refineries are vital in transforming crude oil into various petroleum products, including gasoline and diesel. The disruption caused by the fire has reduced refining capacity, leading to a tighter supply of oil products. As a result, oil prices have shot up, presenting an incredible opportunity for traders like you. Now, here comes the call to action! It's time to take advantage of this exciting market scenario and long oil. By going long, you'll be betting on the continued rise in oil prices. This is your chance to make a profitable move and ride the wave of this upward trend. But remember, trading involves risks, and it's crucial to do your due diligence and consult financial experts before making investment decisions. Stay updated on market trends, monitor news related to the oil industry, and keep a close eye on economic indicators that can impact oil prices. So, traders prepare to dive into the oil market and capitalize on this incredible opportunity. Long oil and ride the wave of this price surge. The time is now, and the potential for profits is immense. Don't miss out on this exciting chance to make your mark in the oil trading world!
TVC:USOILLong
by bryandowningqln
Crude oil: operation strategy, high and low Oil prices continued to rebound at the opening and performed first. Overall, Fed officials believe that there may be no need to raise interest rates. The decline in European diesel inventories boosts oil prices, but demand concerns still limit oil price gains. During the day, we will pay attention to the speech of the chairman of the Federal Reserve at the annual meeting of global central banks. If the speech is dovish, the oil price is expected to return to above US$80/barrel. If it is hawkish, the oil price may drop sharply, pointing to US$75/barrel; market uncertainty risks increase, and trading needs to be cautious. the The trend of crude oil bottomed out twice in a row and closed up. There is a certain signal of bottoming out in the short term. There may be a continuation of the rebound in the market outlook, but the upper side needs to pay attention to the resistance of the middle rail line. Under pressure, there is a risk of going lower again. At the top, focus on the resistance around $80.40/barrel, and the operation is mainly short-selling
FX:USOILShort
by Dylan-Jones
2408 USOIL plan has changed to the ABC wave downHello traders, In my last idea, I was looking for a higher high C before USOIL making a new leg down. But it did not happen. Now following the main trend still on daily chart, I would like to look for a new B as end of corrective wave before wave BC happen. C is targeting FIbo ext 1.27 and S1. B is targeting Fibo 382-618. Back to R1 is also possible. We need to keep eyes on the candles in the US session. GOOD LUCK!! LESS IS MORE!
TVC:USOILShort
by FUNTRADER-Vera