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XTIUSD: 15/8 crude oil trading strategy today​Yesterday, oil prices continued to be suppressed technically, running below the 83 mark, showing a trend of shock consolidation. During the Asian-European trading session, the price was hit by the resistance of the 83.1 line, and quickly went down. In the afternoon, the price stabilized at the 82 mark and reversed. In the evening, it rushed up several times in the US market, but was suppressed by the 83 mark, weakened and fluctuated again, and was below 83 at the close, forming a negative line of shock and fall. Judging from the weekly chart, although there was a short-term correction of the cross K line after the continuous positive line rose last week, the overall market is still running in an upward channel. Although accompanied by a callback correction, the price shows a trend of horizontal consolidation, and there is no deep pattern of rushing up, falling back and closing down for the time being, implying that the current upward trend is not over yet, and it may still rise after the correction. In the 4-hour chart, the local upward trend has slowed down and lost the support of the middle rail, but it is currently entering the process of correction and gaining momentum, waiting for a stable rise again. The overall price continues to fluctuate and adjust below the 83 mark, and there may be expectations of a further decline in the short term. Crude oil operation strategy: sell83.3-83.6, sl60pips, tp82.0 buy81.0-81.3, sl60pips, tp83.5
FXOPEN:XTIUSD
by ActuaryJ
Crude oil analysis next week The daily line has regained most of the losses, and the market is still in a bullish trend and is currently in a strong state. Whether there will be large fluctuations in the adjustment here. Crude oil pressure 83.3, support 81.5. Crude oil operation is recommended to buy at 81.5 first-line, with a target of 82.2~82.7. If it breaks above, continue to look at 83.5. usoil:buy81-81.5 tp82.2-82.7 Share free trading signals every day, if you need, please join me
TVC:USOILLong
by Tony_barry
7 Dimension Analysis For OIL😇7 Dimension Analysis Analysis Time Frame: Daily 1️⃣ Price Structure: Sideways to Bullish 🟢 Structure Initial Behavior: Choch Bearish 🟢 Move: Corrective 🟢 Inducement: Done 🟢 Pull Back Count: 1st 1st OB mitigated Extreme OB unmitigated Touch count 4, breakout from the range 2️⃣ Pattern 🟢TREND LINES: Act as Support 🟢CHART PATTERNS: Flag: Signaling Continuation Triple Bottom: Indicates a potential move to the long side Rectangle Breakout: Confirms bullish sentiment Fakeout: Strong demand signals after the breakout CIP: Holding at rectangle resistance, now acting as support Buildup: Bullish momentum after the rectangle breakout 🟢 CANDLE PATTERNS: Record Session Count: 7 buy candles, transitioning to sideways during buildup Change in Guard: Noted at the end of the record session count Momentum (Engulfing): Indicates potential bullish continuation Engulfing: Classic bullish pattern at the bottom Good Momentum: Observed at rectangle breakout Narrow Range 4: Bullish breakout during the buildup phase Inside Bar: Current candle forming, confirmation needed at closing Todays Open High: Sustained for 4 hours 3️⃣ Volumes 4️⃣ Momentum RSI: 🟢 Zone: Superbullish yet 🟢 Range Shift: Sideways to Bullish 🟢 Divergence: Hidden 5-candle divergence indicates loss of momentum 5️⃣ Volatility Bollinger Bands: Middle Band S/R: Strong support Squeez: 60 candles in range, poised for a breakout inside the bulls Squeez Breakout, Outside Upper Band: Bulls showing strength Headfake: Price closed outside the lower band multiple times but quickly bounced back M Pattern: 2nd leg forming, potential small correction toward middle band support Open with Gap and Equal High: May indicate a correction 6️⃣ Strength ADX: Main line under 20 shows overall consolidation, but bulls have some power 7️⃣ Sentiment ROC: Rate of change for oil is in demand compared to all other commodities according to available data ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish ☑️ Current Move: Impulsive, waiting for a valid high after corrective move ✔ Support Resistance Base: Hourly trendline and wick OB area acting as strong support ☑️ Candles Behavior: (to be monitored after correction) ☑️ FIB Trigger Event: Not yet ☑️ Trend Line Breakout: Not yet ☑️ Final Comments: Awaiting correction completion before considering buy position 💡 Decision: Buy 🚀 Entry: 75 ✋ Stop Loss: 73.5 🎯 Take Profit: 81.54 😊 Risk to Reward Ratio: 1:5 🕛 Expected Duration: 15 days
TVC:USOILLong
by Optimum369
USOIL:75.0 supports short-term rise Looking at the daily line, the Bollinger Bands opened, and the price has always maintained a sideways movement near the upper rail. The direction is dominated by bulls. Before there is a short-selling signal, we will not consider short-selling orders to enter the market for the time being. Yesterday’s callback is also holding 75 first-line important support, continue to pay attention to the support of this position within the day. In 4 hours, the Bollinger Bands showed signs of flattening, and the price was running between the middle track and the lower track. The short-term price showed signs of retracement, and the expected strength will not be too large. After the retracement stabilizes around 75, you can enter the market with multiple orders. oil buy@ 74.8-75.3 tp 75.8-76.9 Share this point of view with my friends, I hope you can make more money and realize your dreams. Friends in need can keep up . Continually updated
FX:USOILLong
by Dylan-Jones
Capitalize on the Crude Surge! Exciting Opportunities Await!After months of languishing, crude oil has skyrocketed above $80 a barrel in London, signaling a remarkable recovery in fuel demand across China and other regions post-pandemic. But that's not all! Brace yourselves for an even more thrilling development: production cutbacks by Saudi Arabia and its OPEC+ allies are poised to deplete storage tanks worldwide rapidly. Now, I know what you're thinking - what does this mean for us? Well, my fellow traders, we are on the verge of an extraordinary opportunity to capitalize on this crude surge! The stars have aligned, and it's time to consider long oil positions that could potentially yield substantial profits. As fuel demand continues to soar, propelled by China's impressive recovery and other countries following suit, the global oil market is set to witness unprecedented growth. With Saudi Arabia and OPEC+ allies tightening their grip on production, storage tanks are expected to drain rapidly, creating an environment ripe with potential for traders like us. So, why wait? Seize the moment and take advantage of this exciting turn of events! Consider long oil positions and position yourselves to ride the wave of this remarkable crude surge. You'll strategically position yourself to maximize your gains and potentially reap substantial profits by doing so. Remember, timing is everything in the trading world, and this is a prime opportunity that cannot be ignored. Don't let this thrilling chance slip through your fingers. Take action now and dive into the world of long oil positions to unlock the potential for extraordinary returns. If you have any questions, need further guidance, or want to discuss this thrilling opportunity, please comment away. I am here to support and assist you every step of the way.
NYSE:BCOLong
by bryandowningqln
OPEC Forecasts Robust Oil Demand from India and China!Recently, the Organization of the Petroleum Exporting Countries (OPEC) released a groundbreaking report that sheds light on the promising future of the global oil market. The report highlights the continued surge in oil demand from two of the world's fastest-growing economies, India and China, well into 2024. This revelation opens up opportunities for us to capitalize on, and I believe it's time to act! According to OPEC's comprehensive analysis, India's oil demand is projected to grow annually over the following years. This is primarily driven by the country's rapid industrialization, urbanization, and the ever-increasing consumption patterns of its burgeoning middle class. Similarly, China's oil demand is set to rise annually, fueled by its robust economic growth and ambitious plans for infrastructure development. You might wonder, "How can I take advantage of this incredible potential?" Well, my fellow investors, the answer lies in seizing the opportunity to go long on oil for the long term. By positioning ourselves strategically, we can leverage the projected growth in oil demand from these economic powerhouses and reap substantial rewards in the coming years. This call to action is not merely based on speculation; it is supported by OPEC's extensive research and analysis conducted by industry experts. Their forecasts have proven remarkably accurate over the years, making them a reliable source for informed investment decisions. To ensure we maximize this golden opportunity, I encourage you to consider allocating a portion of your investment portfolio toward long-term oil positions. By doing so, we can align ourselves with the projected surge in demand from India and China, potentially unlocking significant returns on our investments. As always, I urge you to conduct thorough research and seek professional advice before making investment decisions. While the oil market's future appears promising, it is crucial to stay informed and adapt our strategies as circumstances evolve. In conclusion, dear investors, the OPEC report has unveiled a world of exciting possibilities for us to explore. By embracing the forecasted growth in oil demand from India and China, we can position ourselves favorably in the market and potentially achieve remarkable success in the long run.
TVC:USOILLong
by bryandowningqln
Impact of Chinese Stimulus on Oil Prices: Proceed with CautionChina may have stimulus packages are expected to boost economic growth, it is crucial to approach oil trading orders cautiously due to the rising oil inventory in the United States. The Chinese government's efforts to stimulate their economy have historically impacted global markets, including the oil sector. As the world's largest importer of crude oil, any increase in Chinese demand can potentially drive up oil prices. This could be a favorable development for those considering investing in oil trading. However, it is essential to remain vigilant and consider the potential risks associated with this situation. Recent reports indicate a steady rise in oil inventories in the United States, which could offset the positive effects of Chinese stimulus on oil prices. This factor should not be overlooked when making informed decisions regarding oil trading orders. Considering these circumstances, I encourage you to carefully evaluate the current market conditions and analyze the potential consequences of Chinese stimulus on oil prices. It is crucial to remain cautious and consider the potential impact of rising US oil inventory on the overall market dynamics. In light of this, I recommend closely monitoring market trends, economic indicators, and geopolitical factors that could influence oil prices. Staying informed through reliable sources and consulting with trusted advisors can provide valuable insights into making well-informed trading decisions.
TVC:USOILLong
by bryandowningqln
OILU an ETF for OIL - Leveraged and LongOILU is a risky high volatility ETF on oil exploration and production. Where there are risk and volatility there can also be plentiful profits. On the 4H chart,OILU can be seen breaking up through long-term anchored VWAP bands in a trend that began in mid-May. Price is now approaching the mean VWAP lines. The POC line validates those VWAP lines coming in at nearly an identical price level. On the MACD, negative amplitudes have gradually decreased in a fashion consistent with bullish divergence. The RSI indicator shows the MTF RSIs to be in mid-range suitable for taking an entry without evidence of oversold or overbought parameters. Fundamentally, a variety of factors including OPEC the re-emergence of the Chinese economy, Russia's war fear of a recession causing a decrease in demand for oil all have contributed to a mixed picture. The chart is suggesting a long trade to me and so I will take up the suggestion. I will set a stop loss at the recent pivot low of $32 while targeting the highest VWAP band at $47. I will raise the stop loss to break-even when price hits $38 while respecting the ATR and volatility. I see this as a safe trade with a potential upside of about 33%
AMEX:OILULong
by AwesomeAvani
1
Oil Prices Has Bear Channel and SMA So Wait It Out I wanted to draw your attention to an essential development in the oil market that warrants caution and careful consideration. As you may be aware, oil prices have recently entered a bearish channel, indicating a downward trend in the market. Furthermore, the simple moving average (SMA) for oil prices has declined steadily over the past few weeks. When taken together, these two indicators suggest a potentially prolonged period of price decline in the oil market. While it is understandable that such news may raise concerns and prompt immediate action, I encourage you to adopt a patient approach and wait it out before making any hasty decisions regarding your oil positions. It is crucial to remember that the oil market is highly volatile, often influenced by a multitude of factors, both geopolitical and economic. Instead of succumbing to panic or being swayed by short-term fluctuations, taking a step back and assessing the broader picture is essential. Consider the long-term prospects of the oil industry, the potential impact of global events, and the evolving energy landscape. By doing so, you will be better equipped to make informed decisions that align with your investment goals. In light of these recent developments, I urge you to take the following actions: 1. Evaluate your current oil positions: Carefully review your portfolio and assess the potential risks associated with your oil investments. Consider diversifying your holdings to mitigate potential losses and protect your overall investment strategy. 2. Stay informed: Closely on market trends, industry news, and expert analysis. You can make better-informed decisions and adjust your investment strategy accordingly by staying informed. 3. Consult with a financial advisor: Seek guidance from a qualified financial advisor specializing in the energy sector. Their expertise and insights can prove invaluable in navigating the complexities of the oil market and making strategic investment decisions. Remember, investing in oil requires a cautious approach, especially during times of uncertainty. While the current bearish channel and declining SMA may appear discouraging, keeping a long-term perspective and not letting short-term fluctuations dictate your actions is crucial.
TVC:USOILLong
by bryandowningqln
Join the Excitement - Add Oil to Your Trading Watchlist!As you may be aware, recent market conditions have created a tight physical market for oil, presenting a promising landscape for traders like us. The sentiment surrounding oil has been significantly impacted by various factors, including the slow growth of the Chinese economy and the aggressive rate increases implemented by the Federal Reserve. These developments have pushed oil prices down, making it an ideal time for us to consider adding oil to our trading watchlist. Now, I know what you might be thinking - with all the uncertainties and challenges in the market, why should I consider oil? Well, my fellow traders, it is precisely during times like these that intelligent traders can seize the opportunity to make significant gains. By closely monitoring oil and its movements, we can position ourselves to benefit from potential price fluctuations and capitalize on market trends. So, I encourage you to put oil on your trading watchlist. Keep a close eye on the latest news, market reports, and geopolitical developments influencing oil prices. By staying informed and proactive, we can make well-informed trading decisions and maximize our potential profits. Remember, trading is not just about taking risks; it's about calculated risks. By carefully analyzing market conditions, understanding the factors impacting oil prices, and utilizing effective trading strategies, we can confidently navigate the market and increase our chances of success. To assist your trading journey, I recommend exploring reliable sources of information, such as industry publications, financial news outlets, and market analysis reports Collaborating and learning from others can be invaluable in refining your trading approach. Oil has the potential to offer us substantial gains, and by putting it on your trading watchlist, you'll be well-positioned to seize these opportunities. I encourage you to take action now and add oil to your trading watchlist. Stay informed, stay focused, and let's make the most of this tight physical market!
TVC:USOILLong
by bryandowningqln
consolidation Until Apex BreakoutGood evening, here's another view of oil im currently monitoring the 4hr chart. After the retrace from the bearish cypher pattern. Oil retested B leg and bounced back up to the supply zone. There's a apex that has formed, that is set to be completed by Late Thursday Futures session-Early Friday Futures Session. Oil is showing oversold w/ below the cloud action. I'm anticipating price action to rise into the apex til we get another final confirmed direction for this 4hr trade. There are a lot of traders looking to get into oil long near $65-67, i'm definitely a buyer if we get another chance at that level. However, I believe oil is set to reach $74 per barrel. The conclusion of the Apex trade will dictate if we go higher, or if patient dip buyers will be rewarded.
TVC:USOILLong
by moneyflow_trader
Will oil continue with strong China refinery output?There is some exciting news about the oil market that I believe will pique your interest. As you may already know, China's refinery output grew by a whopping 15% in May, which has contributed to a surge in demand for oil. Additionally, OPEC+ decided to cut supply in May, and Saudi Arabia has announced that it will cut supply for July due to a supply deficit in times of high demand. These factors have led to a rise in oil prices, which is excellent news for those interested in oil investing. As an oil trader, I encourage you to consider taking advantage of this opportunity to invest in oil and potentially reap the benefits of this market growth. So, what are you waiting for? Don't miss this chance to capitalize on the rising oil prices. Act now and explore the world of oil investing.
TVC:USOILLong
by bryandowningqln
Trading the range on WTI (CL1!)Oil prices are trading quite erratically on the daily chart, making it a much less appealing market to trade on that timeframe. But that doesn't mean we cannot find potential inflection points at the intraday level. Monday's opening gap has been filled, and earlier losses on Tuesday were fully recouped to print a bullish pinbar on the daily chart which found support just above $70. We're not looking for a huge move, but we see the potential for prices to have another crack at the $73, and the 3-wave retracement towards $71 looks appealing for a swing trade long. Take note of the HVN (high volume node) around $72.64 which could act as a magnet should momentum eventually turn higher. We're not sure the actual swing low is in yet, so we're looking for higher volumes accompanied by one or more bullish reversal candles on the hourly timeframe or lower, to hint at a swing low. And if it can form above or around the $71 support zone it could provide an adequate reward to risk ratio for a cheeky long.
NYMEX:CL1!Long
by CityIndex
1
OPEC+ could push up oil price as China is most important According to the International Energy Agency (IEA), OPEC+ may push up oil prices, but China remains the most essential factor in the market. As we all know, China is the world's largest oil importer, and any changes in their demand can significantly impact global prices. With their economy recovering and demand increasing, now is the perfect time to invest in oil. The IEA also predicts that global oil demand will continue to rise in the coming years, further supporting the case for investing in this market. As traders, we can take advantage of this trend and potentially see significant investment returns. Therefore, I encourage you to consider investing in oil and taking advantage of this exciting opportunity.
TVC:USOILLong
by bryandowningqln
Crude oil trading strategy Crude oil is currently basically falling below the previous high volatility range on the daily line, and the daily trend continues to be weaker, and there is a certain uncertainty in the EIA data market in the evening. At present, the space for continuing to decline after a continuous low sideways trend is not particularly large, and the current price has basically touched near the previous support band. On the small-level cyclical trend, the technical pattern also began to gradually repair, and there was a certain rebound on the short-term trend. Trading strategy: usoil:buy@68.6-69 tp70-70.5 Next, I will continue to provide more trading signals, and the weekly profit can reach more than 5K-10Kusd. I need signals to join me as soon as possible!
FX:USOILLong
by UnknownUnicorn55305588