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Usoilshort

USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsGet ready for an exciting dive into the world of oil markets! As we kick off the bullish messaging from Saudi Arabia and other oil producers, we have an important event on the horizon. The July 5-6 seminar will bring together oil industry CEOs and energy ministers from OPEC - the Organization of the Petroleum Exporting Countries. OPEC+, which includes Saudi Arabia and Russia among its allies, holds the reins of over 40% of the world's oil supply. The bull thesis for oil in the second half gains strength as expectations rise of significant production cuts by major player Saudi Arabia. The goal? To push Brent prices above $80 per barrel and U.S. West Texas Intermediate to a minimum of $75. Saudi Arabia, at the forefront of OPEC+, has already announced three production cuts since October, theoretically eliminating 2.5 million barrels per day from their output. As a result, their production in July is expected to hover around 9 million barrels per day. However, despite these announcements, crude prices have experienced only fleeting rallies. Rate hikes by the Federal Reserve and other central banks have emerged as major factors, causing concerns over a global economic slowdown that could impact energy demand. Now, the crucial question arises: Will the bullish sentiment prevail as global travel rates are projected to surge in July and August? This surge could potentially lead to a critical shortage of crude oil for U.S. refineries, especially considering the intentional reduction in oil supply from the Saudis to this particular destination. Furthermore, unless extended, the weekly sales of crude from the Strategic Petroleum Reserve will come to a halt, removing one of the tools employed by the Biden administration to keep prices in check. In this video, I present a comprehensive technical analysis of USOILSPOT, focusing on key supply and demand zones within the Daily, 4-hour, and 1-hour timeframes. By closely examining these indicators, our goal is to provide valuable insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this invaluable technical analysis that will enhance your understanding of the future trajectory of USOILSPOT. Stay one step ahead of the curve by watching the video now! 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.
FX:USOILSPOT
by darcsherry
1
USOIL: crude oil low long high short strategyCrude 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 short-term callback, and at the bottom, focus on 69 and 68. long high short
TVC:USOILShort
by ActuaryJ
1
USOIL: 70-line long-short competition, today's analysisToday 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 Yin line is lost, the shock will continue to rebound. Channel guidance, the upper track can point to 71.4; next, pay attention to 70. I have not been able to stand on it effectively in the past few days. Is an opportunity to continue bullish; there is such a trend now Let’s talk about the small probability event. The oil price stepped back on the 69 line and touched the bottom channel line. After adjustment, it is pulling up. Since today and Friday will be affected by a lot of unstable data, it is best not to save the crude oil position reduction operation until next week!
TVC:USOILLong
by ActuaryJ
Oil Price Plummets Below Moving Averages - Exercise Caution!It has come to my notice that the price of oil has continued to drop below the crucial moving averages of both the 50-day and 200-day periods, indicating a potentially worrisome trend. As seasoned oil traders, we know moving averages impact market sentiment and price action. The fact that oil prices have fallen below these key indicators indicates the growing bearish sentiment surrounding the commodity. Therefore, it is crucial that we exercise caution and closely monitor the situation to protect our investments. The ongoing decline in oil prices below these moving averages suggests that the market faces significant challenges. Factors such as global economic uncertainties, geopolitical tensions, and the persistent oversupply of oil have contributed to this downward trend. We must consider these factors and their potential impact on our trading decisions. Considering these developments, I strongly recommend refraining from making substantial investments in oil until we witness a clear and established return in demand. While taking advantage of lower prices is tempting, it is equally important to remember that the current market conditions are volatile and unpredictable. We must prioritize capital preservation and avoid unnecessary risks. As fellow oil traders, it is our best interest to stay informed and make informed decisions based on reliable market indicators and trends. I encourage you to closely monitor the market and seek expert opinions before significant trading moves. By doing so, we can mitigate potential losses and position ourselves for better opportunities when the market stabilizes. Please remember that this is a cautionary note, not financial advice. Each trader should evaluate their risk tolerance and make decisions accordingly. I am confident we can successfully navigate this challenging period with careful analysis and prudent decision-making. Let us stay connected and support each other during these testing times.
TVC:USOILShort
by bryandowningqln
USOIL MAKE VIEW POSITIVE / VKINGOn July 4, 2023, the US Oil (USOIL) commodity was observed on TradingView using a 5-minute time frame. USOIL is a popular instrument for traders and investors to speculate on the price movements of oil. The 5-minute time frame allows for a more granular analysis of price action, enabling traders to capture short-term opportunities and make informed trading decisions. During the specified time frame, several factors influenced the price of USOIL. It is important to note that oil prices are influenced by a wide range of fundamental, geopolitical, and economic factors. These include supply and demand dynamics, geopolitical tensions, global economic growth, weather events, and government policies, among others. Analyzing the 5-minute chart, traders would have observed various price patterns and trends. Candlestick patterns, such as doji, hammer, engulfing patterns, and others, can provide insights into potential reversals or continuation of trends. Support and resistance levels are also crucial indicators for traders, helping to identify potential entry and exit points. In terms of technical indicators, traders may have used various tools to analyze the price action of USOIL. Common indicators include moving averages, relative strength index (RSI), stochastic oscillator, and volume analysis. Moving averages help to identify the direction of the trend, while RSI and stochastic oscillator indicate overbought or oversold conditions. Furthermore, traders might have monitored news releases and events that could impact the oil market during this specific time frame. Important economic data, such as crude oil inventories, production reports, and geopolitical developments, can cause significant volatility in oil prices. By staying informed about such events, traders can anticipate potential price movements and adjust their trading strategies accordingly. Risk management is a vital aspect of trading, and it applies to USOIL trading on a 5-minute time frame as well. Traders must establish stop-loss orders to limit potential losses and implement proper position sizing techniques. This helps to protect capital and manage risks effectively. It is worth mentioning that trading on a 5-minute time frame requires constant monitoring and quick decision-making. The rapid price fluctuations in such short intervals can lead to both opportunities and risks. Traders need to be disciplined, focused, and adaptable to react promptly to changing market conditions. In conclusion, analyzing USOIL on TradingView using a 5-minute time frame on July 4, 2023, involved studying various price patterns, technical indicators, and fundamental factors. Traders aimed to capitalize on short-term opportunities by identifying trends, support and resistance levels, and using technical indicators to gauge market sentiment. By closely monitoring news releases and managing risks effectively, traders can increase their chances of success in the fast-paced world of USOIL trading on a 5-minute time frame.
TVC:USOILLong
by v_king_x
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsDespite three production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since October, including support from the Saudis, crude prices have shown limited improvement. This is unexpected, particularly during a time of the year when oil demand should naturally be strong due to summer travel. The Saudis have expressed their desire to see oil prices reach $80 per barrel or higher by next month, or at least by August. However, external factors beyond their control, namely the decisions made by central banks worldwide, call for patience. From the Federal Reserve to the Bank of England, the European Central Bank, and even the Bank of Canada, there is a race to implement one or two interest rate hikes before the end of the year. Any rate cuts could potentially hinder global growth, which serves as the driving force behind oil demand. The crucial question now is whether the bullish sentiment will prevail as global travel rates are expected to increase in July and August. This surge in travel could lead to a critical shortage of crude oil required by U.S. refineries, especially as the Saudis intentionally reduce their oil supply to that particular destination more than others. Additionally, unless extended, the weekly sales of crude from the Strategic Petroleum Reserve will cease, eliminating one of the tools the Biden administration has utilized to keep prices low. In this video, I offer a comprehensive technical analysis of USOILSPOT, focusing on key supply and demand zones within the 4-hour timeframe. By examining these indicators, our aim is to provide valuable insights into the potential direction of price action for USOILSPOT in the upcoming week. Make sure not to miss out on this valuable technical analysis that will enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve by watching the video now! 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.
FX:USOILSPOT
by darcsherry
Sell your oil as interest rates could go up? 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 all to consider selling any open oil positions they may have. While we understand that this may be a difficult decision, we believe it is in your best interest to take action before prices fall even further. We encourage you to consider your options carefully and decide what is best for your needs and goals. In closing, we want to remind you that the market is constantly changing, and it is essential to stay informed and make informed decisions. We are here to help you navigate these changes and make the best decisions for your portfolio. Thank you for your time, and please do not hesitate to comment with any questions or concerns.
TVC:USOILShort
by bryandowningqln
2
Oil drops as BOE and other central banks raise interest ratesI 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 interest rates rising, companies are likely to be more cautious in their oil purchases, which could have a knock-on effect on the oil market as a whole. I encourage you to stay informed about the oil market and to consider your investment options carefully. It is clear that the market is evolving, and investors need to be prepared to adapt.
TVC:USOILShort
by bryandowningqln
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe USOILSPOT market witnessed a remarkable surge in momentum last week, fueled by positive economic data from the Chinese government. As a result, USOILSPOT closed around the $72.00 zone, allowing us to secure over 500 pips in profit through multiple entries. The rise in oil prices was primarily driven by increased Chinese demand and supply cuts from OPEC+. China's strong refinery output, reaching its second-highest level on record, contributed to the growing demand for oil. Furthermore, the CEO of Kuwait Petroleum Corp expects Chinese oil demand to continue rising in the second half of the year. It's important to note that the voluntary crude output cuts by OPEC+ and the weaker US Dollar following the Federal Reserve's decision to hold rates unchanged are supporting factors for US oil prices. In this video, we will provide a comprehensive technical analysis of USOILSPOT. We will focus on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, we aim to provide insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this valuable technical analysis that will enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve by watching the video now! 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.
FX:USOILSPOT
by darcsherry
1
USOil Tumbles to $28: Path Predicted by Fibonacci ClusteringMy Fibonacci Clustering model reveals a potential downturn in USOIL prices to as low as $28 per barrel. This observation is rooted in the unique properties of Fibonacci sequences - their self-similar and repetitive nature often mirrors price action in a wide array of financial markets, including commodities such as oil. Historical evidence supports the plausibility of oil prices plummeting to such lows. The oil price slump of 2016, which saw USOIL drop to below $30, demonstrated how market oversupply, geopolitical tensions, and shifting energy policies can dramatically impact oil prices. Bear in mind that oil markets are influenced by a multitude of factors - supply-demand dynamics, geopolitical events, economic indicators , and even climatic conditions, among others. Thus, while the Fibonacci Clustering points to a potential downturn, this is just one piece of the puzzle.
TVC:USOILShort
by MichaelBsul
USOIL is poised to reach $71.63International oil prices were basically stable this Friday, and the U.S. index rebounded from a more than one-month low, limiting the rise in oil prices. Oil prices snapped a two-week losing streak on optimism over rising energy demand in top crude importer China. The upper pressure level of crude oil is 71.63 US dollars. The data released on Thursday showed that the number of Americans filing for unemployment benefits last week was higher than expected, and the U.S. industrial production unexpectedly fell by 0.2% in May, causing the U.S. dollar index to plummet by nearly 0.9%. However, U.S. retail sales unexpectedly rose in May, and the U.S. index rebounded after hitting a low of 102.043 since May 12 on Friday. Data released on Thursday showed that China's refinery throughput in May increased by 15.4% year-on-year, the second highest in history. The chief executive of Kuwait Petroleum Company said that China's demand for oil is expected to continue to climb at a confident pace in the second half of this year. Analysts also expect the latest production cuts announced by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) in May and further voluntary cuts by Saudi Arabia in July to support prices. Still, markets are struggling to shake the panic as the global growth outlook remains vulnerable to further shocks from aggressive rate hikes. The European Central Bank raised interest rates to a 22-year high as scheduled overnight. The Fed said this week that it will raise interest rates by at least 50 basis points by the end of the year. Higher interest rates end up increasing borrowing costs for consumers, which could slow economic growth and reduce oil demand. On the hourly chart, oil prices have started an upward trend from US$68, and the upper resistance is looking at the 100% target at US$71.63.
TVC:USOILLong
by ActuaryJ
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsThe oil market has experienced significant volatility throughout the week, starting with a price spike due to Saudi Arabia's one million barrel production cut, followed by a plunge in prices after the US and Iran denied a temporary nuclear deal. Despite the highly-publicized Saudi output cut, US Oil prices saw another decline at the end of last week. As we approach the May CPI reading on Tuesday, just a day before the Fed decision, expectations are high for a shift away from the rate hike campaign that began 15 months ago. It is important to note that the central bank faces a resilient US economy that continues to exhibit inflationary tendencies, despite ongoing discussions of a possible recession. How will the market anticipate and react to these upcoming high-impact macroeconomic events? This video provides a comprehensive technical analysis of USOILSPOT, focusing on key support and resistance levels, as well as trendlines identified in the 4-hour timeframe. By examining these indicators, we aim to gain insights into the potential direction of price action for USOILSPOT in the coming week. Don't miss out on this insightful technical analysis to enhance your understanding of the future trajectory of USOILSPOT. Stay ahead of the curve by watching this video now! 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.
FX:USOILSPOT
by darcsherry