USOIL TRADE IDEAhi all
Fibonacci expansion reached 1.618 and I'm now looking for a correction to level $82.40 before going short again and aiming for $74.
Let me know what you think In the comments!
**My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills**
Thanks a lot for your support
Usoilanalysis
USOIL:Trading strategy
Oil has been fluctuating narrowly today, so today's trading is sold short when it reaches resistance, and bought when it reaches support. As long as you are not greedy, then you can make a profit today.
But the general direction of oil is still short selling, because it is still suppressed by the daily line and has not reached the support point.
Usoil Short-term trading:
Usoil:buy79.55-78.8 TP:80.3-80.6 SL: 78.3
In the long run, it is more risky not to fall to the support level, so you must strictly set the stop loss.
If you don't know how to trade yet, join me and learn how to trade, or let me guide you in trading.
2308 USOIL looking for a big Z move before new leg downHello traders,
USOIL turned down from fibo 382 just like we expected in this idea.
But it does not make a new low, at least no in this Asia morning. Seems like this way would be more possible. Making a new high up to C to finish a ABC corrective wave.
And then should wait for more signal to see if price would like to turn down again to FIBO ext 1.27 POSITION on this chart.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
Russia's Oil Exports Plummet to Lowest Volume Level Since JanIntroduction:
In a surprising turn of events, Russia's oil exports have hit their lowest volume since January, raising concerns within the trading community. This unexpected decline has far-reaching implications for the global oil market, warranting a moment of reflection and reconsideration for traders worldwide. In this article, we delve into the reasons behind this decline and propose a call to action, urging traders to pause oil trading temporarily.
The Unforeseen Decline:
Russia, one of the world's largest oil producers, has experienced a significant drop in its exports, catching many traders off guard. The recorded volume level was the lowest since January, sending shockwaves through the trading community. This decline raises several red flags and highlights the need for a cautious approach in the current market.
Factors Contributing to the Decline:
Several factors have contributed to Russia's plummeting oil exports. First and foremost, the ongoing China economic slowdown has severely impacted oil demand, reducing production and exports. Furthermore, geopolitical tensions, economic uncertainties, and changing market dynamics have all affected this downward trend.
The Call-to-Action: Pause Oil Trading:
Given the current circumstances, traders must take a moment to pause and reassess their trading strategies. The declining oil exports from Russia should serve as a wake-up call for the trading community. It is crucial to adopt a more cautious and responsible approach to trading oil, considering the volatility and unpredictability of the market.
Traders can mitigate potential risks by temporarily pausing oil trading and avoiding unnecessary losses. This pause allows for thoroughly evaluating market conditions, including supply and demand dynamics, geopolitical developments, and economic indicators. This step will enable traders to make informed decisions and adjust their strategies accordingly.
Additionally, this pause serves as an opportunity to explore alternative investment avenues. Diversifying portfolios and considering other commodities or sectors can help traders reduce their dependence on oil and navigate the market with greater resilience. Exploring renewable energy sources like solar or wind power could also be a long-term investment consideration.
Conclusion:
The recent decline in Russia's oil exports indicates that the global oil market faces unprecedented challenges. As responsible traders, we must pause and reevaluate our strategies in light of these developments. We can protect our investments, mitigate risks, and explore alternative opportunities by temporarily taking a step back from oil trading.
Let us collectively embrace this call to action and make informed decisions contributing to a more stable and sustainable trading environment. We can only navigate these uncertain times and emerge more robust in adversity through careful consideration and responsible action.
Crude oil: bottoming trend again
The main reason for crude oil to look down is: the rebound for several consecutive days touched the pressure and fell back. Or a more bullish view is the sub-wave 2 adjustment in the midst of 3 waves and 5 rises. Crude oil pressure 80.65~81.10, support 79.70~79~78.60.
Crude oil operation is recommended to enter at 81.1, take profit at 79.6, target at 79.2~79.5, and take profit at 80.3 (the point may be revised as the market changes during the session, and the real-time strategy shall prevail)
Crude oil: peaking again
Crude oil should have mentioned that it will rebound, and the rebound trend is not small. It has already come out this time. From the indicators, the high point of this rebound is around 82. If the peak trend remains unchanged, this Nearby is more difficult to break.
Moreover, crude oil is negatively correlated with the U.S. dollar in a certain trend. The sharp rise of the U.S. dollar will also affect the price of crude oil. Gold is in a weak position, but crude oil is due to factors such as production cuts and expectations of interest rate hikes. The price of crude oil continues to soar, but still the same sentence, the reduction in interest rate hike expectations has been large enough. As long as there is something that is not conducive to the suspension of interest rate hikes, the interest rate hike expectations will still rise, and crude oil will be under pressure.
Strategy: 81.7 buy up 83.4 buy down
The demand for crude oil is expected to increase, but crude oil is not the same as gold after all. Crude oil has no currency attribute after all. Although it also has a hedging attribute, it is still not as strong as gold, and the aspects that can be affected are not as extensive as gold, so the demand for crude oil The expected increase in volume is also a matter of this year, but the price will not be too inclined.
USOIL LONG SWING TRADE SETUPHey folks!! welcome to another week filled with opportunities. First on the menu is USOIL LONG swing set up. The pair has been trending up and recently had multiple break of structures on the daily and 4HR time frames. After making higher highs, price has now delivered lower into the demand level that caused this break of structures.
Price has now started to deliver back up after tapping into this Point of interest (POI) with multiple confluences indicating a move back up. Intra-day structure is now bullish on the 4 hour time. Our first target will be 84.83 and will be looking to partial out here possibly to hold a fraction of the trade to continue delivering higher.
Make sure to practice good money and proper risk management on all your trades.
USOIL:summary
Oil is the same as I expected. It has fallen below the five-day line since Monday and fell below the rising channel on Wednesday. I judge that oil will be adjusted this week, so this week's strategy is to sell short if it rebounds.
But before the close of trading on Friday, it rose again by 81.35 to reach the lower edge of the rising channel, so next week we must look again and wait for the market to make a new choice.
We will trade oil cautiously next Monday and wait for the trend to be obvious before trading, so that we will be safer.
If you don't know how to trade yet, join me and learn how to trade, or let me guide you in trading.
1808 USOIL looking for a correction before new lowHello traders,
USOIL seems has finished its 1st leg down and now is making a corrective wave.
Fibo 382-618 is the possible ending position for corrective wave.
Suggest to check with 382 first because it is also a position where price hit daily EMAS.
The new selling plan is looking for a new low to down to the target zone marked on this chart.
GOOD LUCK ON THIS PLAN.
LESS IS MORE!
Navigating the Unpredictable Oil Market: A Call to Closely Monit
Introduction:
In recent months, the global economy has been grappling with the unprecedented challenges brought about by the COVID-19 pandemic. As the world slowly recovers, the Federal Reserve's recent statements regarding inflationary pressures have sparked concerns about the demand for energy, particularly oil. This article aims to shed light on the potential impact of these developments on the oil market and urges traders to adopt a cautious approach while closely monitoring oil prices.
Understanding the Federal Reserve's Inflation Concerns:
The Federal Reserve, in its efforts to stabilize the economy, has expressed concerns over the possibility of inflation not receding as quickly as anticipated. Rising inflation can have far-reaching consequences, dampening consumer spending power and reducing energy demand. As traders, it is crucial to recognize that the oil market is not immune to these potential repercussions.
The Interplay Between Inflation and Oil Demand:
Historically, inflationary pressures have often led to decreased demand for energy as businesses and consumers adjust their spending habits. Higher prices for goods and services can strain budgets, leading to reduced discretionary spending on energy-intensive activities. Consequently, this can impact the demand for oil and its derivatives, causing fluctuations in the market.
The Importance of Monitoring Oil Prices:
Given the uncertain economic landscape, traders must monitor the price of oil closely. By watching market trends and developments, traders can gain valuable insights into the potential impact of inflation on energy demand. This information can help inform trading strategies and enable traders to adapt to changing market dynamics effectively.
Call to Action: Exercise Caution and Stay Informed
As traders, it is essential to approach the current oil market with caution and prudence. The Federal Reserve's concerns regarding inflationary pressures should serve as a reminder that the energy sector may experience volatility in the coming months. Therefore, we strongly encourage you to closely monitor oil prices, market indicators, and economic news to make informed trading decisions.
By staying informed and maintaining a vigilant watch on oil prices, traders can better navigate the potential challenges of inflationary pressures. Consider utilizing reliable sources of market information, engaging with industry experts, and leveraging data-driven analysis to stay ahead of the curve.
Conclusion:
In an era of economic uncertainty, monitoring oil prices becomes paramount for traders seeking to optimize their strategies. The Federal Reserve's concerns about inflation not receding as quickly as expected underscore the need for caution and vigilance. By closely following oil prices and staying informed about market developments, traders can position themselves advantageously and make informed decisions in the face of potential fluctuations in demand for energy.
USOIL - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from 1H bullish order block.
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1608 USOIL it is much easier now.Hello traders,
USOIL got a direct rejection from the triangle yesterday and turn down to reach 1st support on this chart.
Check this idea:
Now I think things are getting easier.
Just find a new small high to sell it in the following sessions.
Targets for the plan to sell are support 1 and support 2. Fibo 1.27 is also a area for a small correction.
Good luck!!!
LESS IS MORE!
US OIL WTI Analysis 17Aug2023Prices move towards Fibo Extensions 1, which intersect with Fibo Extensions 1,618, and then there is currently a correction. If the Elliot notation is still appropriate, then the price should be there at this time, Wave 4. With there still being the potential for bullishness, you can find an area for Long in SND below.
1708 USOIL plan for a new low as target Hello traders,
We got a lucky plan to sell usoil down to hit our targets.
USOIL is still on a bearish trend and would not be hard to expect a new low after some range of correction.
The new plan is still keep finding a new positin to open sell on this commodity.
In the asia session, usoil still could not stop dropping. But it is not my style to open sell in such chart.
Wait for $0.5-$1 correction back to test 79.8-80, and wait for a new signal, targeting the bottom zone on this 4H chart.
GOOD LUCK on this plan.
LESS IS MORE!
WTI USOIL New Support Level
Major U.S. stock indexes closed sharply lower on Tuesday. Market concerns about demand in Asia increased. These will lead to a shock process in crude oil. According to the current transaction, shorting around 81.5 is feasible. TP80.3. If crude oil does not fall below 78 this week, there will be a rebound next week. Overall it's still down.
Gold and Crude Oil Operation StrategiesGold Analysis:
Gold continued to fluctuate and go down on Monday. The highest on the day was 1916 and the lowest was 1902. The daily line closed at 1907. The daily line will see that the price of gold will continue to fall. Pay attention to the breakthrough of 1900. If you break the position, look at 1890-1885, four-hour line, hourly line, Brinkou Downward, and the moving average is densely packed, showing a downward shock. In summary, the intraday operation idea is mainly to fluctuate downward, and the upper watershed is 1920
Gold operation strategy:
1, 1914-1916 short, stop loss 4 dollars, target 1908-1903-1900
Crude oil analysis:
Crude oil fluctuated and went down on Monday, the highest on the day was 83.2, the lowest was 81.7, and the daily line closed at 82.4. From the daily line, there is still room for oil prices to fall. Below, focus on 80, the four-hour line, fluctuating downward, the hourly line, the Bollinger rails are parallel, short-term It will continue to fluctuate, pay attention to the breakthrough of 81, and the intraday operation idea is mainly to fluctuate down, first look at the 84-80 range
Crude oil operation strategy:
1, 83.1-82.9 short, stop loss 0.4, target 82-81.5
2, 80.1-80.2 long, stop loss 0.4, target 81-81.5
USOIL: Will usher in a new wave of decline
Crude oil rebounded slightly and fell again. The idea is to place an empty order at the resistance position of 83-83.2. Friends who read the article may not necessarily wait for the point, but members and friends have kept up. When there is a short signal, decisively enter the market with an empty order. The current price is around 81.3 You can go up a little bit first. This is the difference between the idea of the article and the specific entry. The support resistance is that area. The specific entry depends on the real-time changes in the market. When there is a signal, you can enter the market at 81.0-81.3.
Strategy 81.0-81.3 enter long 82.0-82.2 take profit or enter decline
USOIL:Trading strategy
Today, I expressed my point of view. The trend of oil is the same as I expected. The following is my point of view in the morning.
Oil closed up for the seventh consecutive week last week, continuing its longest streak of gains in more than a year.Because the IEA expects that the increase in global oil demand and the decline in supply will drive oil prices up, but oil will not directly continue to rise. At present, it is a volatile rise. I will continue to observe the trend of oil and share it in my channel.
If you follow me, then you have made money now.
At present, oil has fallen below the rising channel. If it cannot rise back today and tomorrow, then oil will continue to adjust
If you want to make money, join me, keep up with my strategies, and I will share my ideas every day.
USOIL NEW SL Same Target
Last week saw a sharp move up from both support and resistance levels. Also as I said before this is unsafe and a red flag. On the first day of this week, WTI has fallen from 83.1 to 82.42, which also demonstrates my analysis last week. There may be a new support level around 82.2, but our target is still at 80.5.
Invest rationally and get more signals.