Crude Oil: Crude Oil Trading Strategies
Through the analysis of the weekly chart of crude oil, we know that the last one continued to rise, and it has reached a certain degree of suppression near the previous high point, and the pressure of the important moving average above (83.30). It can be clearly seen from the figure that the funds that reached the bottom area in the early stage are still running in a strong area, and the support of the important moving average below is relatively strong. It has not been broken for several times in a row, and there are funds intervening at the bottom for many times, which has led to a continuous rebound in the past 6 weeks. The short-term bottom The support of 82.0 and 81.30 is relatively strong. In the short term, we will continue to operate at high altitudes and low multiples, focusing on doing long on dips. The specific suggestions are as follows:
Crude oil 81.30 and 82.0 are long respectively,
Crude oil 83.50 and 85.90 are shorted respectively
Continue to update later, everyone can keep up
Usoilanalysis
Oil Holds Gains as Attacks Threaten Russia's Black Sea Exports!The world of oil trading is buzzing with opportunities, and I couldn't wait to share this with you. Brace yourselves because it's time to dive into the captivating world of long-term oil trading!
As many of you may have heard, recent attacks have significantly threatened Russia's Black Sea exports. While this news may sound alarming to some, we traders know every obstacle presents an opportunity. And this opportunity is nothing short of extraordinary!
Oil prices have been soaring, and the market is holding onto these gains, fueled by the uncertainty surrounding Russia's exports. Now, you might be wondering why this is such a big deal. Well, my friends, this is where long-term oil trading comes into play.
Long-term oil trading allows you to capitalize on the current situation and secure your position for the future. By taking advantage of the volatility in the market, you can make strategic investments that will pay off in the long run. It's time to think big and act boldly!
Imagine the thrill of making calculated moves, utilizing your expertise and market insights to predict future trends. With every trade, you can make substantial gains while riding the wave of uncertainty caused by geopolitical events. This is the moment to show your prowess and seize the opportunity!
So, what are you waiting for? It's time to take action and embark on an exhilarating journey into long-term oil trading. Don't let this opportunity slip through your fingers. Join us in this thrilling adventure, and let's make the most of the current market conditions together!
Get started today by analyzing the market trends, studying the geopolitical landscape, and identifying potential opportunities. Remember, knowledge is power, and the more you educate yourself, the better equipped you'll be to make informed decisions.
The time is now, my fellow traders! Let's harness the power of uncertainty and turn it into our advantage. Together, we can ride the wave of volatility and achieve remarkable success in long-term oil trading.
XTIUSD ( US OIL ) LONG term Trade AnalysisHello Traders
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This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Crude Oil: 4/8 Trading StrategiesCrude oil tested highs and fell back to lows yesterday, breaking the previous strong pattern of Lianyang. I mentioned the market after the slow rise of Lianyang, the daily line level: unilateral rise and then fall; after the oil price continued to rise, it met resistance near the strong resistance level and then fell back. The high level is similar to the "hanging man" K line followed by the big Yin line, Formed a bearish top signal, lost the 5-day moving average and 10-day moving average in a row, KDJ high dead cross, the possibility of oil price peaking in the short term is relatively high, and the market outlook is at least facing the risk of further correction. The initial support refers to the low point of July 25 near 78.27 Position, the July 13 high was supported around 77.31, and the stronger support was around the 200-day moving average of 76.59. The 38.2% retracement support of this round of rally is also near this position. If this support is lost, the market outlook will increase Bearish signal. If the oil price can hold the 200-day moving average, there is still a chance for the oil price to fluctuate higher in the middle line; in the short term, the initial resistance refers to the 80 integer mark, and the resistance of the 5-day moving average is currently around 80.71. If oil prices can quickly break through resistance near the overnight high of 82.40, it will add to the bullish signal in the market outlook.
Crude oil operation strategy:
Rebound to 83-83.2 short, stop 83.7., below the target 81.2.
Step back to 80.7-80.9 to do more, stop loss 80.2, above the target 82.2.
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsPrepare yourself for a thrilling week ahead as all eyes are fixated on the much-anticipated interest rate decision by the Fed. The question on every trader's mind is, will the Fed signal an end to this year's rate hikes? And if they do, brace yourself, because oil could be on the brink of a momentous breakthrough, turning that elusive $80 per barrel from resistance into rock-solid support!
Hold onto your hats, because the excitement doesn't stop there! Oil prices surged by nearly 2% on Friday, marking the fourth consecutive weekly gain. The market is abuzz with growing evidence of impending supply shortages, sending ripples of anticipation through the market. But that's not all—rising tensions between Russia and Ukraine add an extra layer of intrigue, potentially further impacting supplies. The stage is set, and the question on everyone's lips is, what lies ahead in the upcoming week?
US Oil Technical Analysis:
In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead.
Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis. Unlock the secrets of the oil market's evolution and be at the forefront of every profitable move.
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
0408 USOIL plans for NFP at the end of this weekHello traders,
USOIL did make a correction on Thursday and reach higher position than our last plan.
Now on this Asia session, it got a sign of rejection from the high it just made.
This is not enough sign for any move because price could turn down only to retest EMAS and make a new high or breakdown EMAS to retest the bottom buying zone.
Wait for more signals in London session and through NFP. Signals could be more clear on next Monday.
Good luck!
LESS IS MORE!
Saudis Extend 1 Million-Barrel Oil Cut, Say It Can Be ExtendedThe Kingdom of Saudi Arabia has just announced an extension of its remarkable one million-barrel oil cut, and they even hint at the possibility of deepening this cut further!
This extraordinary development has sent shockwaves through the global oil market, giving us a golden opportunity to seize the moment and significantly impact our trading portfolios. The Saudis' commitment to stabilizing oil prices is a testament to their unwavering dedication to the industry, and we are fortunate to be part of this exciting journey.
Now, it's time for us to take action and capitalize on this momentous occasion. The market has potential, and we must act swiftly to maximize our gains. I urge you to consider adding more oil market orders to your trading strategies. By doing so, we can ride the wave of this positive announcement and propel our success to new heights!
Let's not forget the countless opportunities that lie ahead. As the Saudis emphasize the possibility of deepening the oil cut, we have a unique chance to leverage this news and make strategic moves that will yield substantial returns. During these times of market volatility, accurate traders shine, and I have complete confidence in your abilities to seize this opportunity with gusto.
Remember, success favors the bold. Now is the time to demonstrate our prowess and make our mark in oil trading. Let's show the world what we can achieve when we harness the power of determination, knowledge, and impeccable timing.
If you have any questions or require assistance placing your oil market orders, please comment away below.
Let's embark on this exhilarating journey together and make our mark in the oil trading world! The stage is set, the opportunity is knocking, and we must answer the call.
Crude oil analysis, today's long-short range is 81.2~78.2
International oil prices rose to a new high in more than 3-1/2 months yesterday, as API crude oil inventory data showed strong demand in the world's largest energy consumer, the United States, although demand concerns elsewhere limited gains. The latest data from the American Petroleum Institute (API) showed U.S. oil inventories fell by 15.4 million barrels in the week ended July 28, compared with analysts' expectations for a drop of 900,000 barrels. Official U.S. Energy Information Administration (EIA) data released on Wednesday matched that trend and will mark the biggest draw in U.S. crude inventories since 1982. Crude stockpiles elsewhere have also begun to decline as demand outstrips supply, while supply is constrained by sharp production cuts by Saudi Arabia, the de facto leader of the Organization of the Petroleum Exporting Countries (OPEC), supporting prices. Saudi Arabia is expected to extend its current voluntary output cut of 1 million barrels per day over the weekend for another month until September.
The daily level of crude oil rose unilaterally, and there is still a chance to go higher in the short term. Continue to pay attention to the resistance around the high point of 82.61 on January 23 and the high point of April 83.51. If the resistance around 83.51 is effectively broken, it is expected to open a new upward channel in the middle line , The midline target is expected to look around the 90 mark.
Crude oil operation strategy: rebound to 80.8-81.2 empty, stop loss 81.5., below the target 79.
Crude oil operation strategy: step back to 78.2-78.5 to do long, stop loss 77.8, target above 80.
Crude oil: Crude oil unexpectedly fell, but there is still a new
From the online point of view, there are signs of closure. The price has retreated sharply after encountering resistance near the upper rail. At present, it can only be regarded as an adjustment during the previous rise. The price will not just go down directly. It is expected that the short-term will be around 80 The dollar is consolidating around. With an opening in 4 hours, a big negative line directly fell below the first-line support of the middle rail, and it is currently stabilizing near the lower rail. The short-term price may test the low point of last night again. It is necessary to pay attention to the support at this position. If it can hold, then the short-term The price will have a chance to rebound again. The operation idea is to look at a wave of rebound after the price retraces and stabilizes.
Operation strategy: call back the 78.3-79 area to do long, stop loss at 79.6, and target 81 to short
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Crude oil: Crude oil unexpectedly fell, but there is still a new
From the online point of view, there are signs of closure. The price has retreated sharply after encountering resistance near the upper rail. At present, it can only be regarded as an adjustment during the previous rise. The price will not just go down directly. It is expected that the short-term will be around 80 The dollar is consolidating around. With an opening in 4 hours, a big negative line directly fell below the first-line support of the middle rail, and it is currently stabilizing near the lower rail. The short-term price may test the low point again. It is necessary to pay attention to the support at this position. If it can be held, the short-term price will go up There will be a chance to rebound again. The operation idea is to look at a wave of rebound after the price retreats and stabilizes.
Operation strategy: call back the 78.3-79 area to do long, stop loss at 78.4, target 80.5 and directly empty
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USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsWelcome back to our weekly US Oil market analysis! Oil prices have been on a remarkable upward trend, extending their gains for a fifth consecutive week. The rally has been driven by perceptions that supply is increasingly tightening in comparison to demand, although recent US government petroleum data has only marginally supported this notion. Despite the impressive gains, signs of strain in the rally are starting to emerge.
Throughout July, US Oil prices surged by an astonishing 14%, capturing the attention of investors worldwide. As we approach the next OPEC+ meeting, scheduled for next Friday, the bulls are eagerly anticipating further discussions on production levels that could potentially propel prices to new highs.
In this video, we'll delve deep into the factors influencing the current Oil market dynamics and explore the possible scenarios that lie ahead. As traders, it's crucial to stay well-informed and prepared for all potential outcomes.
US Oil Technical Analysis:
In this video, we delve deep into the 4-hour timeframe, dissecting key supply and demand zones to uncover invaluable insights into the potential trajectory of price action for USOILSPOT in the week ahead.
Don't miss out on this golden opportunity to elevate your understanding of the future path of USOILSPOT. Stay ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis. Unlock the secrets of the oil market's evolution and be at the forefront of every profitable move.
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Exciting Opportunity: Dive into Today's Oil Price Dip! Before we dive into the details, let me shed some light on the recent price trend that led us to this thrilling moment. Over the past few weeks, we've witnessed a remarkable surge in oil prices due to hedge fund short coverage. This upward momentum has created a buzz among traders, and rightly so. But today, my friends, we have a unique chance to ride the wave in the opposite direction.
With oil prices decreasing today, it's time to seize the moment and make the most of this incredible buying opportunity. The recent fluctuations have set the stage for potential gains, and it's up to us to jump in and make the most of it!
Here's your call to action: Consider adding to your portfolio by buying into the dip in oil prices today. This drop provides a fantastic entry point for those who missed out on the previous rally or those looking to maximize their profits further. By taking advantage of this dip, you position yourself strategically to reap the benefits when the market inevitably rebounds.
Remember, successful trading often involves identifying opportunities and acting swiftly. Today's oil price dip represents precisely that - a golden opportunity that shouldn't be missed. So, gear up, get excited, and make the most of this thrilling moment together!
If you have questions or need assistance executing your trades, please don't comment away.
Crude oil: bulls are strong, step back to 80 and go long directl
Crude oil has been in a unilateral upward trend, and there is no need to say more about the bullish trend. If you don’t make a move, you will miss it. Now it falls back to 80.3 and goes long directly. There is still more than 200 points of space from the pressure of the high point of 83.5. Although The space is not very large, but the odds of winning are very high. If you fall back and go long, it is almost a market to bend down to pick up money!
But the overall trend remains unchanged, and the decline is just to give us a better point to go long. As can be seen from the trend in the figure, the nearest support level is 80.8, which is the moving average support of MA60. The lowest trend line support can be traced back to 80.3. You can do more, and the goal is to look at the high point of 82.1!
India's Oil Imports From Russia Decline Further - Monitor ImpacOver the past few months, India, one of the largest importers of Russian crude oil, has been scaling back its purchases from Russia. This decline, which predates the recent geopolitical tensions, is expected to intensify due to the Indian government's decision to impose certain restrictions on imports from Russia. Such a move will likely disrupt the global oil market dynamics, potentially leading to a surge in oil prices shortly.
As traders, we must stay well-informed and agile in our decision-making process. The impact of reduced oil imports from Russia by India cannot be underestimated, as it not only affects the supply-demand balance but also has the potential to create a ripple effect across various sectors. Therefore, I strongly encourage you to closely monitor the developments surrounding India's oil imports and their subsequent impact on oil prices.
To help you stay ahead of the curve, I recommend keeping a close eye on crucial industry news sources, monitoring the official statements from the Indian government, and analyzing market trends. By doing so, we can better assess the potential consequences on oil prices and position ourselves advantageously to capitalize on any market fluctuations.
In conclusion, the decline in India's oil imports from Russia is a significant development that demands our immediate attention. Let us remain vigilant and proactive in our approach, ensuring that we are well-prepared to navigate any potential challenges that may arise from this situation.
Crude oil: we continue to pay attention to 80
The short-term goal of crude oil price is to stand above the 80 mark, and the price reached the target as scheduled last week. But even if it reaches 80, at present, the crude oil price does not show a short-selling signal
Seen from the daily line, the market continued to open, and the price maintained a fluctuating upward trend along the upward channel. Although there was a process of callback and rest in the middle, the overall callback range was not very large. Basically, they stepped out of new highs and stepped back to confirm the rise again, so it was big The direction is still dominated by callbacks. In 4 hours, the price encountered resistance near the upper rail and retreated. The price basically moved between the upper rail and the middle rail. The lower middle rail 80 area is supported.
Pay more attention to above 80
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US Oil / WTI Analysis 30July2023Following last week's analysis, still in accordance with the price movement for next week. US Oil still looks very bullish with a tilt trend close to 45 degrees and at the closure of the week with full bullish candle shows the support of the buyer is still very strong. The closest target is currently in the price range of 83-84 which at that price is in contact with 2 areas of Fibo Extensions (Fibo Cluster)
The Impact of a Deluge of US Crude on the World's Key Oil Price
Over the past few years, the United States has experienced an unprecedented surge in crude oil production. This surge has turned the country into a significant player in the global oil market, creating a deluge of US crude that has profoundly impacted the world's key oil prices.
Traditionally, the world's key oil price was heavily influenced by the production decisions of OPEC and Russia, as they held significant control over global supply. However, the surge in US crude production has disrupted this status quo, introducing a new player with substantial production capabilities.
The influx of US crude has created a more competitive market, increasing supply and driving down the world's key oil price. This development has been welcomed by consumers globally, as it has translated into lower fuel costs and reduced inflationary pressures. However, it has also presented challenges for oil-producing nations heavily reliant on oil revenues to sustain their economies.
While this deluge of US crude has brought about positive outcomes regarding affordability and accessibility, it is crucial to consider the long-term effects on oil price stability. As traders, we are responsible for assessing the situation and engaging in proactive discussions to ensure a balanced and sustainable market.
Therefore, I invite you to join me in contemplating the following question: Could the ascent of oil prices slow down to a more stable pace? By encouraging thoughtful dialogue and sharing insights, we can collectively work toward a solution that benefits all stakeholders in the oil market.
I urge you to share your thoughts, ideas, and concerns regarding the current state of the global oil market. Let us foster an environment of open exchange where we can explore potential strategies to mitigate excessive volatility and promote a more balanced oil price trajectory.
Together, we can make a difference in shaping the oil market's future and ensure its stability for years to come. Please feel free to comment with your valuable insights.
USOIL:Earnings summary
Today, oil has been rising, but at 77.6 I think there will not be a constant rise
The market is like that, and it doesn't make everyone easy to make money.
You must have a stable mindset to face the volatility of the market, which will deceive you and affect your judgment.
If you don't know how to trade yet and don't know how to face market volatility, contact me