Usoilsignal
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 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.
USOIL: Plan of the day
Crude oil fluctuated widely throughout the day, the current price of 81.3, the upper 81.5 near the resistance level.
usoil:sell@81.3-81.6 tp 80.5
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.
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.
Crude oil: test the 80 level again
It seems that the given 79 first-line long order has successfully reached the target position. Although the price fell back after a short-term surge, it does not mean that this wave of bulls is over. The U.S. economy performed strongly in the second quarter, and the economic growth outlook is bullish again. Coupled with optimistic demand expectations, crude oil prices may continue to maintain a strong trend in the short term. However, it should be noted that the recent extreme weather in the U.S. will limit the increase .
From a morphological point of view, the short-term price will form a oscillating trend around 80. In the short-term, we need to pay attention to the first-line support of 78.8-79 below. The callback stabilizes, and more orders can enter the market.
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USOIL: Plan of the day
Yesterday's range of narrow fluctuations, until the end of the day to ushered in a pull up, but the day line eventually closed in the end, today's day line is still stable above the MA20 support, KDJ average indicator gold fork running upward, the trend of the market or more, it is recommended to step back near 79.3-79.0, the target to see 80.8 position.
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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
Exciting Oil Price Breakthrough and a Lucrative OpportunityBrace yourself because we have witnessed a remarkable event - the oil price has broken through the MA 200 threshold for the first time this year. Isn't that incredible?
This significant breakthrough is a promising sign for all oil enthusiasts and traders like yourself. It indicates a potential upward trend and opens up a world of profitable opportunities. However, as we celebrate this achievement, it's crucial to consider the potential impact of the impending Fed rate hike on this market.
While the current market conditions seem favorable, we must remain vigilant and adapt accordingly. The Federal Reserve's decision to increase interest rates can introduce some volatility in the market, which might influence oil prices. Experienced traders understand that careful analysis and strategic planning are essential to navigate such situations successfully.
Here's the exciting part: I encourage you to seize this moment and log into oil trading! With the oil price breaking through the MA 200, there is a golden opportunity to capitalize on this upward momentum. You can reap substantial profits by leveraging your expertise and our robust trading platform.
Don't let this chance slip away! Our team of experts is here to support you every step of the way. We provide real-time market insights, comprehensive analysis, and cutting-edge tools to help you make informed decisions and maximize your trading potential.
So, what are you waiting for? Let's dive into the oil market together and make the most of this breakthrough. Log into your trading account now and explore the exciting possibilities that lie ahead. Remember, taking action's always better than regretting missed opportunities.
USOIL: Crude oil today operation plan
Raw oil on Friday the high base is not dynamic static, the United States has a small pullback after the rise of 77.2 a line, the loss of the previous correction to find back, the daily line continued to close up. Although the raw oil said that the high point before this has not been effective burst, with the lower side of the support does not break up, the strong potential in the high position of the consolidation of the power to break, the multi-head trend of the combined technology, we look more good!
Today's operation:
usoil: buy@76.3-76 tp 77.5
Join me and don't let procrastination and hesitation stop you from making money!
Analysis of crude oil trading strategies
Crude oil is currently affected by the data, rebounding back down, but from the trend point of view, crude oil upward trend unchanged, the impact of data is only short-term, and crude oil has not tested a new high before, we are still in the trading operation to buy low, focus on the two positions below, 75.3 and 74.7, both of which have effective downward resistance, so we can choose to start buying at these two positions, looking forward to crude oil testing new highs upward
Crude Oil Personal Trading Strategy:
USOIL buy@74.7-75.2 tp:76-76.5
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Potential Slowdown in Oil Price Ascent: Act Now to Stay AheadAs you may have noticed, oil prices have been consolidating from $74 to $77 per barrel. While this may initially seem optimistic, it is essential to consider the broader picture.
Upon analyzing the market indicators, it has come to my attention that the slow stochastics are showing a decline in oil prices. This could potentially indicate a slowdown in the current oil price ascent. As seasoned traders, we must avoid such market shifts and make informed decisions to protect our investments.
Considering the current situation, I strongly encourage you to take action and reassess your trading strategies to adapt to the changing market conditions. Here are a few steps you can consider:
1. Review your portfolio: Take a closer look at your current oil holdings and evaluate their performance in light of the recent consolidation and declining slow stochastics. Identify any potential vulnerabilities or areas for improvement.
2. Stay informed: Keep a close eye on the latest market news, trends, and expert opinions. Stay updated with relevant economic indicators, geopolitical developments, and other factors that could impact oil prices.
3. Diversify your approach: Consider diversifying your trading approach by exploring other energy commodities or related sectors. This can help mitigate risks and provide alternative profit opportunities.
4. Seek expert advice: Consult with experienced professionals or analysts in oil trading. They can provide valuable insights and help you navigate through the uncertainties of the market.
By taking proactive measures and staying ahead of the curve, we can position ourselves to make well-informed decisions and maximize our potential gains. Remember that the oil market is dynamic, and adapting to changing circumstances is essential for long-term success.
I encourage you to act promptly and thoughtfully. Assess the situation, gather information, and make informed decisions that align with your trading objectives and risk appetite.
USOIL: Crude oil view and operation
In the afternoon, there is eai crude oil inventory data, which is expected to be more crude oil, so it is safer to choose to withdraw before this, in addition, it can be manipulated after the data is released, and the current resistance level of crude oil is 77-80, and the support level is 74-72.
Join me and don't let procrastination and hesitation stop you from making money quickly!
USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsIn recent weeks, we have witnessed a remarkable surge in oil prices, and the current market still exhibits the potential to add to growth over the coming sessions. This upward trajectory in price is a positive development for the OPEC+ in their attempt to break beyond the coveted threshold of $80 a barrel.
The remarkable upswing in oil prices can be attributed to a multitude of supporting factors. Notably, the decisive OPEC+ decisions on production cuts, coupled with receding inflation data from the US economy, have fostered the belief that the Federal Reserve will adopt a less aggressive stance towards interest rates in the future. This, in turn, has pushed the dollar to its lowest levels in 15 months, rendering dollar-denominated oil increasingly appealing to buyers utilizing alternative currencies.
USOILSPOT Technical Analysis:
In this video, we focus specifically on key supply and demand zones within the 4H and 1H timeframes, and following a thorough examination of these pivotal indicators, our primary objective is to provide ourselves with invaluable insights into the potential direction of price action for USOILSPOT in the upcoming week."
"Don't miss out on this invaluable opportunity to enhance your understanding of the future trajectory of USOILSPOT. Stay one step ahead of the curve and gain a distinct competitive edge by immersing yourself in this price-action-based technical analysis. Watch the video now and ensure you remain at the forefront of the ever-evolving oil market
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.
Latest crude oil signal analysis
Crude oil medium-term pullback sorting, after the decline began to fluctuate up, the current crude oil to around 74.8, it is expected that crude oil will return to the trading intensive area around 75.5-76.1, the lower 73.8 support is still valid, the upper focus on resistance around 76.1, trading options between 74.3-77, guaranteed to get a good profit
Crude Oil Personal Trading Strategy:
USOIL sell@74.1-74.5 tp:75.5-75.9
Join me for more free accurate trading signals
USOIL: EIA data, bears
Last week's API data showed a very large gap between the expected value and the announced value, but the market reaction was not so large. It should be due to doubts about the data. In addition, the crude oil volume announced today is bullish for the market.
So although today's API crude oil inventory data is bearish for the market,but the market rallied.
Now we come to the resistance level near 76. If you judge from the perspective of data trading, you cannot rule out the possibility of tempting bulls, because usually the probability of EIA and API moving in the same direction is very high, so for EIA, short selling should be safer.
USOIL:Long/short switch, gain 35 points
Hesitating the fake news of today's morning session, which led to a sharp rise in crude oil and then a rapid decline, we also successfully made a short conversion and harvested a profit of nearly 35 points.
At present, crude oil is consolidating around 74.1, and it has not broken down, indicating that the pressure near 74 is very strong, and it also gives us a good opportunity to do more!
Join me and don't let hesitation and procrastination affect the speed at which you make money!
Oil Slides Amidst Weaker China Economic Data China plays a significant role in the global economy, and any fluctuations in its economic performance can have far-reaching consequences. The recent release of weaker-than-expected economic indicators from China has raised serious concerns about the country's economic health. These indicators include a slowdown in industrial production, declining retail sales, and decreased fixed-asset investments.
Given China's status as the world's largest importer of oil, any economic downturn in the country is likely to directly impact oil demand and prices. We have already witnessed a significant oil price slide due to this unsettling news. The market sentiment has become increasingly bearish, and we must approach our oil investments cautiously during these uncertain times.
Therefore, I strongly encourage you to hold off on any immediate oil investments until we gain further clarity on the situation. It is essential to closely monitor the developments in China's economic landscape, as well as the subsequent impact on global oil demand. By exercising patience and prudence, we can avoid potential losses and make more informed decisions when the time is right.
In the coming weeks, I will closely monitor the market and keep a keen eye on China's economic indicators. I will keep you updated with any significant developments that may impact our investment strategies. Additionally, I urge you to stay informed through reliable sources and expert analysis to ensure you are well equipped to navigate these challenging market conditions.
Please remember that our primary goal is to protect our investments and maximize returns. We can safeguard our portfolios from unnecessary risks by adopting a cautious approach and refraining from impulsive oil investments.
