Has crude oil stopped its decline?Can we buy crude oil?Because of market concerns about the recession, the demand for crude oil has been hit to a large extent. Then the acceptable price of crude oil in the cycle of slow economic development is in the 70-65 area. People familiar with the crude oil market must know that crude oil basically fluctuated in the 70-82 area in the early stage. Judging from this, crude oil still has room to continue to fall.
Judging from the current crude oil trend structure, crude oil has fallen sharply and broken below the flag-shaped consolidation structure, and the bearish trend is obvious. Although the current downward trend has paused, there is no signal to stop the decline completely, and the rebound here is extremely weak, so the pause here may be to build a downward relay structure.
In addition, in the ultra-short-term structure, crude oil has repeatedly tested the support near 74 without breaking below, so in the case of a short-term plunge in crude oil, there is a need for technical upward repair.And there is 50% support for Fibonacci below the short-term, so crude oil may also use this to launch a small-level rebound.Therefore, pay special attention to the defensive situation near 74 in the short term.
In trading today, the trading signals I announced on the channel to go long gold around 1980 and 1976 all reached the take-profit target of 1986. The trading signals in the last two weeks have achieved a comprehensive victory, and the result of 0 losses is enough for us to reap satisfactory profits.In trading, whether it is gold or crude oil, I have the ability to satisfy your desire to make money. I have announced detailed trading signals about crude oil in the channel. Please pay attention to the trading signals in the channel.
Usoilshort
After the oil is completed to fill the gap,can we go long on oilBecause of the impact of the banking crisis and the U.S. debt ceiling issue, the risk that the economy may fall into recession has been exacerbated, and U.S. data show that consumer confidence is insufficient, which is a very big blow to the demand for crude oil, causing crude oil to plummet in the short term and completely make up for the technical gap. Can crude oil be bought with confidence?
In fact, according to the structure of crude oil, crude oil fell sharply and fell below the flag finishing structure, which laid the foundation for the short trend of crude oil, and there is currently no signal to stop the decline completely, so there is room for crude oil to go further down.
However, from the point of view of the short-term structure, crude oil fell below the flag-shaped finishing structure for the first time, and completely filled the technical gap in one fell swoop. In the case of a short-term plunge in crude oil, there is a need for technical upward repair.And there is 50% support for Fibonacci below the short-term line, so for the first time in this position, you can try to long crude oil in the short-term.
In trading today, the trading signals I announced on the channel for shorting gold around 1999-2000 and 2006 all reached the take-profit target of 1995. The trading signals in the last two weeks have achieved a comprehensive victory, and the result of 0 losses is enough for us to reap satisfactory profits.In trading, whether it is gold or crude oil, I have the ability to satisfy your desire to make money. I have announced detailed trading signals about crude oil in the channel. Please pay attention to the trading signals in the channel.
4/25 Crude oil trading signal: Sell
The pattern of crude oil is similar to a double top, with resistance levels near 78.8-79.2, so a short signal was given before the market today. Now the trend is still in a short form. The rebound is a short opportunity. If you can't grasp the timing well, you can find me
CRUDE OIL - SELL AND BUY SCENARIOSThe trend on the 1h time-frame is broken, but until the resistance (green line) is bearish because part of the GAP has not yet been completely closed and we can have a rise up to the resistance from which a rejection can follow and then a closing of the gap and barely then a climb with breaking resistance, so I would wait now to see what happens. But I'm looking to enter BUY
USOIL 10 Dec 22The timeline of China’s economic rebound frames the demand outlook in the crude markets, which remain rattled by concerns over broader global appetite for transport fuels amid mounting inflation rates and recessionary signals.
On the supply side, energy markets await further clarity on the Russian production impact of an EU ban that came in force on Dec. 5. Alongside it’s implementation was a program by the G-7 largest global economies that seeks to facilitate shipping and transport services for non-G7 Russian purchases transacted under a price cap.
The Brent crude contract for February delivery was trading at $76.13 per barrel at 11:55 a.m. London time Friday morning, down by 2 cents from the Dec. 8 settlement. The front-month Nymex WTI contract was at $71.79 a barrel, adding 33 cents from Thursday’s close price.
source: CNBC
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
USOIL | Market outlookOil prices are correcting downwards.
Pressure on quotes is exerted by the expectation of a recession in the US economy, predicted by US Federal Reserve officials at the last meeting, as well as the probable postponement of the pause in tightening monetary policy from the May meeting to June. Currently, most experts are inclined to believe that next month the regulator will raise the interest rate by 25 basis points and only after that will consider keeping it at a constant level. The negative dynamics are supported by statements by Russian government officials, according to which the country will be able to ensure stable oil production until 2025, despite Western sanctions. Also, it is planned to build several large oil storage facilities in Russia, which will be able to provide flexibility for oil export in unstable market conditions.
Crude Oil - Why i am BearishThere are several aspects that I am bearish on this chart.
First of all, we have a huge GAP on daily that must be closed soon.
Secondly, Wednesday's stock data came below those of the market, so the crude oil stock is higher than the estimates, which is very bad because they have already reduced production by 1.5mln/day, which means that unless they . had reduced production, now the price of Crude Oil would have been between 50-60 usd/barrel.
Now the graph shows us a close below the resistance zone, which at least for a short time, I will have a SHORT position.
Also, look at the RSI , its over bought and we need a corection of price to create more demand.
How is oil trading amid expectations of an economic downturn?
The panic brought about by successive bank bankruptcy, the market expects that the European economy will enter a recession, and the demand will drop sharply, leading to a general decline in commodities. Crude oil has fallen below $70 yesterday. If it falls below $60, it is expected to continue to fall to around $43 , which is very large space.
If the bankruptcy incident can be stopped, the panic will no longer spread, the market will restore confidence in the European economy, and once again raise expectations for demand, oil prices will return to above $80 again.
From the perspective of technical form, it is still in a downward channel. If it does not fall below 65, we do not rule out the probability of a short-term double bottom. If we do not retest around 65 again, for the rebound market, we only see the 69-71 range. , there is a very strong resistance around 71-72. If it can break through, the technical form can go up further.
At the same time, it needs the cooperation of the news. If the panic cannot be controlled, we may have to short first and wait for 60 Look at the support situation nearby. If the decline stops, then there will be a greater opportunity to go long.
Traders, if you like my sharing, please follow and support me. I will post more interesting trading information involving gold , crude oil , forex, cryptocurrency, and stocks. If you have any questions, please leave a message in the comment section, and I will answer them for you.
USOIL - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to go a little bit higher for buy stop liquidity and to fill the imbalance and then to reject from bearish order block.
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6 ways to stop loss in gold
Take profit and stop loss are one of the most important links in the entire trading system. After studying this article, you will be able to thoroughly understand the stop loss method.
You can bookmark it before reading it. If you feel that you have gained something, you can like it, thank you.
1. 6 stop loss methods
Stop loss means that when our order loss reaches a predetermined value, we need to close the position in time to avoid greater losses.
In a complete trading system, stop loss Stop loss is divided into static stop loss and dynamic stop loss.
Static stop loss means that after the order enters the market, the stop loss is set at a fixed stop loss space, or the stop loss amount remains unchanged. Once the market trend is unfavorable, the stop loss will be closed when the set position is reached. For example, after an order enters the market, set a stop loss of 100 points, and close the position when 100 points arrive.
Dynamic stop loss means that the standard of stop loss in the trading system is dynamic. When we hold a position, the market is constantly fluctuating, and there is no fixed point for when to stop the loss. We must observe the dynamic market changes until there is a trend that meets the stop loss standard, and then stop the order. For example, when holding long orders, the stop loss standard is that the market forms a short reverse break position structure, and we will stop the loss manually at this time.
Method 1: Fixed stop loss space, or fixed stop loss amount.
This is a relatively simple static stop loss method.
After the order enters the market, set a fixed stop loss space, for example, after an intraday trading order enters the market, set a fixed 30-point stop loss. Or set a fixed amount stop loss, for example, if the order loss reaches 1% of the principal, the stop loss will be stopped.
There are also traders in the stock market who stop loss at a fixed percentage of market retracement, for example, stop loss if the stock falls by 5%.
In this way of stop loss, the space for stop loss should be determined according to the specific volatility of different varieties.is absolutely necessary, and a trading strategy without stop loss will eventually end in loss.
Method 2: Stop loss at high and low points.
High and low point stop loss is the most common stop loss technical standard, and it is also a static stop loss method.
The market always operates in the form of waves, so there will be continuous rising or falling callback highs and lows. These highs and lows are also called inflection points. In actual combat, the starting point of the wave or the inflection point of the callback is used as the stop loss point.
After the bottom of the market breaks, open a position. There are two ways to use stop loss at high and low points. One is to place it at the inflection point, and the other is to place it at the starting point of the wave.
The inflection point stop loss, the stop loss space is small, the profit and loss ratio is good, but the fault tolerance rate is low, and it is more aggressive.
Stop loss at the starting point of the market, the space for stop loss is large, and the profit-loss ratio is worse, but the fault tolerance rate is high and more conservative.
This stop loss method is also relatively flexible, as the volatility changes, the stop loss space will also be adjusted.
Method 3: Combine technical stop loss.
Stop loss combined with technical positions refers to the combination of key positions of technical indicators in actual combat, and stop loss when the market breaks through these technical positions. For example, important support and pressure levels, or technical moving average levels, etc.
Method 4: Stop loss in trend reversal pattern.
This is a dynamic stop loss method. After the order enters the market, the market goes out of a reverse structure or form. At this time, it can be understood that the trend has reversed and the order is stopped.
In actual combat, you can combine your most commonly used criteria for confirming reversals. You can use the crossing of moving averages, or the breakout of trend lines and channel lines, etc., as long as the standards are consistent.
Method 5: Stop losses in batches.
In an order, set multiple stop loss standards, and stop losses in batches in proportion to different stop loss points.
This is a compromise stop loss method. Set different stop loss points through different stop loss standards to disperse the risk of stop loss.
In actual combat, it is often encountered that after the order stop loss, the market reverses and goes out of the original trend. At this time, because the order has stopped loss, it is very disadvantageous.
The operation of batch stop loss can keep a part of the position when encountering this situation, and can continue to make profits after the market goes out of the direction again.
Method 6: Moving stop loss.
Trailing stop loss means that after the order enters the market, the market develops in a favorable direction. After leaving the entry point and gradually generating profits, the stop loss is adjusted from the original stop loss point to a more favorable direction. The market gradually develops and the stop loss Also adjust gradually.
Moving stop loss is a bit like the left and right feet when climbing stairs. When your right foot goes up the steps, your left foot will follow. Every time the profit increases to a certain extent, the stop loss will follow.
The first purpose of trailing stop loss is to preserve capital, so most of the time the first step of trailing stop loss is to move the stop loss to the cost price.
In this way, even if the worst result is encountered, the order will be out of the market without loss. After setting the trailing stop loss, the order will no longer lose money, and even the profit has been locked. At this time, the psychological pressure of holding positions is very small, which is conducive to the execution of transactions.
These 6 stop loss methods, you can choose the appropriate method according to your own trading strategy
OANDA:XAUUSD OANDA:XAUUSD COMEX:GC1! TVC:USOIL BINANCE:BTCUSDT.P COINBASE:BTCUSD
USOIL: How?GAP is defined as the gap between 2 consecutive trading sessions (or 2 candles). GAP is determined based on the closing price of the previous candle and the opening price of the following candle. Under normal conditions, the closing price of the previous session will be the opening price of the immediately following session.
views in dcb for USOILTVC:USOIL broke down a major support zone and now that support zone acting as a major resistance zone. upcoming strong support zone 62.45-60-65. upcoming trend will be sideways to downtrend.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
Bullish on crude oil, target 72
OIL broke through the resistance around 69.8-70 yesterday, and the resistance has now turned into support.
The new resistance is around 70.8. If the support does not break, you can go long USOIL.
The first TP will continue to be placed at 70.7 yesterday's TP. If Break through 70.8, the next TP target is 71.2-72.4.
SL temporarily set to 69.47
I have published opinions on gold, crude oil, foreign exchange, BTC, etc. If you are trading them, you can follow me, and my strategy will provide you with great help
Another Sell-Off on OilI don't have any fundamental reasons why USOil is selling because I'm not a fundamental trader, but I like the technical analysis of Oil.
If the price can stay below 69.60 a barrel, I will be trading back down to the low.
I'm grateful for the opportunity to be able to place this trade. Do you trade Oil?