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USOILSPOT Weekly Analysis: New Perspective and Follow-Up DetailsJoin me as we delve into the fundamental factors surrounding the upcoming OPEC+ meeting, taking place over the weekend. During this crucial gathering, OPEC+ members are expected to make important decisions regarding new production cut levels. These measures aim to regain control of oil prices by counteracting the influence of short-sellers and maintaining a target price of $80 or higher. This strategy involves creating an artificial supply squeeze to drive prices up. As a result, the outcome of the OPEC meeting adds an exciting layer of anticipation to the market's reaction on Monday. In addition, this video includes 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, I aim to provide insights into the potential direction of price action for USOILSPOT in the upcoming week. Don't miss out on this insightful analysis, which combines fundamental factors and technical analysis to enhance your understanding of USOILSPOT's future trajectory. 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
USOil | New perspective for the week | Follow-up detailOil prices reversed on Thursday and Friday to transition into a choppy situation to the disappointment of buyers as talks to raise the U.S. debt ceiling hit an impasse. Market participants were reluctant to have open buy positions into the weekend, on the off chance that an agreement to raise the U.S. government’s debt ceiling is struck over the weekend which could result in a huge gap at the beginning of the incoming week. In this video, we acknowledged the consolidation phase (between 70 and 74 zones) - a range that will be a determinant of price action in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
Crude oil will break through the straight line and accelerate up Crude oil fell back today and bulls rose again, and the point of decline was also very close to the expected point, but there will be normal shocks in the rise, and if there is a fall, there will be new long opportunities. Crude oil closed positive on a daily basis and broke through the range high, indicating that the recent sideways correction has ended, and the market is once again not as good as the bulls. Trading strategy buy@73.90 tp1:74.70 tp2:75.9 Next, there will be many trading opportunities for crude oil. I will provide you with more signals. Don't miss the opportunity to make money!
TVC:USOILLong
by Kent_Garcia
USOIL:Today's trading advice On the fundamentals, it is still in a state of intertwined long and short positions. The optimistic expectations of short-term debt negotiations have given the market some support. Coupled with the recent strong demand for gasoline, there is a certain positive stimulus for crude oil in the short term. However, there is currently some uncertainty about the production cuts promised by Russia, which has led to a more cautious attitude in the market. Last trading day, crude oil fell back to near 70.7 after the shock, and it rebounded to near 72.5 in the evening. The short-term range is still not broken, and the range opportunity can continue to be maintained. Today's trading advice usoil:sell@72.4-72.9 tp:71.8-71.3 usoil:buy@70.7-71.2 tp:71.8-72.4 As long as you keep up with my signal, you can make more money
FX:USOIL
by UnknownUnicorn55305536
1
Usoil:Today's trading advice The weekly crude oil closing line is below the middle rail. At present, the moving average MA5 and the middle rail are both flattened, and the indicator macd is also flattened from time to time, which means that gold is currently in a low volatility. The three-track contraction of the daily Bollinger band represents the compression of the range, which also shows the price fluctuation.Currently focusing on support near 70-70.5.The short-term daily line is suppressed on the 72.3 and 72.8 lines of the middle rail. usoil:buy@70.8-71.3 tp:72-72.5 usoil:sell@72.7-73.2 tp:72.2-71.9
FX:USOIL
by UnknownUnicorn55305536
2
Crude oil transaction analysis The U.S. debt ceiling negotiations failed to reach an agreement last week. Although they will continue on Monday, there are some concerns in the market, which put pressure on oil prices, and U.S. Treasury Yellen's speech on the possible need for more bank mergers has also increased market concerns about the banking turmoil and crisis. At present, it is already showing a weak trend, but the support of the uptrend line below is relatively speaking, and it is expected that the narrow volatility adjustment will continue in the short term. In terms of operation, we will continue to short at a high level. Trading strategy: USOIL:sell@72.7-71.7 tp71-70.7 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!
TVC:USOILShort
by UnknownUnicorn55305588
USOIL:Trading straregy Yesterday, the market continued to fall as scheduled and adjusted to reach the support level of the chips below. In the short term, we can continue to focus on the pressure of the chip peak (around 73.80). We can also clearly see from the above picture that the CCI has further upward movement In the short term, there is also a lot of pressure at the top, just focus on the pressure of 73.20 and 75.70. The specific suggestions are as follows: usoil:sell@73.2-73.6 tp1 72.3 tp2 71.8 Accurate trading signals will be updated in real time in the follow-up, friends who need it follow me!
FX:USOILShort
by UnknownUnicorn55352658
2
USOil | New perspective for the week | Follow-up detailThe previous month witnessed a 4% drop in oil prices despite the OPEC+ member's decision to cut a further 1.7 million barrels from its daily output, adding to an earlier pledge from November to take off 2.0 million barrels per day. The implementation of this pledged cut is supposed to begin next month - May 2023 and this could result in some interesting market influx as the month starts in the coming week. In this video, I shared with you my thought process from a technical standpoint as we plan to take a decisive position ahead of the market opening. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
USOil | New perspective for the week | Follow-up detailThe much-expected bullish pressure following the OPEC+ decision to cut oil production appears to be losing steam as bears are defying OPEC+ again. The majority of market participants are of the opinion that the selling pressure witnessed in the previous week is a result of persistent US rate hikes and recession fears but if we take a look at this bearish move from a technical standpoint, it could be a retracement phase which most of the time is a consequence of profit-taking activities. This video illustrated the technical side of the current market structure and highlighted a key level at the 78.00 level which will be serving as our yardstick for trading activities in the coming week. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
1
USOIL set for a ride!Instrument : WTI Possible direction : Bullish Technical Analysis : Early this month WTI opened with a gap and was in consolidation and finally price has filled that gap and bounced from the long term support zone. As there is strong illiquidity grab and filling out of gab, WTI may start its uptrend and may continue to rise. Upon retest of the previous resistance as support a buy trade is high probable. Possible trade recommendation : Bullish as per sketch. Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
BLACKBULL:WTILong
by ForexWizard01
2
USOil | New perspective for the week | Follow-up detailFollowing a profitable week for us, the US Oil prices rose for a fourth consecutive week, riding on global energy agency IEA’s upgraded demand prospects for 2023 to break out of the $82.00 level for the first time in 5 months, but a resurgent of the US dollar on Friday following Fed Governor Waller’s remarks favoring more rate hikes; shook up some of the gains as selling pressure resumed at the $83.40 Level. Higher rates often tend to benefit the dollar, especially against commodities like Oil. Will the breakout of the HKEX:82 barrier become a platform for more bullish momentum in the coming week or will it turn out to be just a false breakout? In this video, we looked out for potential trading opportunities from the perspective of both the buyers and sellers and came up with a simple trading set-up that we can use to guide our trading activities in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
USOil | New perspective for the week | Follow-up detailFollowing the massive slide couple of weeks ago; we scooped over 800pips profit as the US oil finished last week's trading session up approximately 4%, after factoring in gains from the first four days of the week. This indicates consolidation and the possibility of a technical rebound, which has immediate resistance at both the trendline identified on the 4H timeframe and the swing high of the $71 zone. In this video, we analyzed the current market structure with the intent of identifying the potential direction of price action in the coming week(s). 00:40 Reference to last week's daily commentaries and results 04:50 USOil Technical analysis on Daily chart 10:20 USOil Technical analysis on 4H Timeframe against next week 12:38 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
USOil | New perspective for the week | Follow-up detailFollowing approximately 2,000 pips in profit last week (see link below for reference purposes); we took a fresh new look at the chart as US Oil prices hit their lowest point since December 2021. I think the slump in oil prices this time, had little to do with supply-demand but more with the crisis of confidence at banks that provide the liquidity for trading this commodity and the potential interest rate hikes by the Federal Reserve have also led to fears that the US economy could end up in a recession. In this video, we took a technical dissection of the current market structure and identified a simple structure that we shall be using to guide trading activities in the coming week(s). 01:00 Reference to last week's daily commentaries and results 04:20 USOil Technical analysis on Daily chart 06:39 USOil Technical analysis on Weekly chart 09:00 USOil Technical analysis on 4H Timeframe against next week 10:30 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
USOil | New perspective for the week | Follow-up detailWell, the past three to four months have shown that the only reason crude prices aren’t breaking out of the channel ($83/$70) is because of the inflation hangover in the U.S and the Fed’s hawkish outlook emphasizes how far and high it is ready to increase rates. This was further reiterated by Fed Chair Jerome Powell during his testimony before Congress as the central bank is more than prepared to hike rates beyond the previously indicated margin if that’s what will bring inflation down. This video illustrates in detail the technical parameters and what to look out for in the coming week. 00:50 Reference to last week's daily commentaries and results 05:50 USOil Technical analysis on Daily chart 08:30 USOil Technical analysis on 4H Timeframe against next week 08:44 Conclusion on next week's expectation for the USOil Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
FX:USOILSPOT
by darcsherry
1
howto set stoploss correctly and do a goodjob of risk managementStop loss is a necessary means to control risk, and using a good stop loss point is the only way for investors to win. There are two types of methods for setting the stop loss point: the first type is a regular stop loss, that is, when the reasons and conditions for buying or holding disappear due to changes in market conditions, the position must be closed or stopped immediately. The second category is auxiliary stop loss. In practice, the maximum loss method, retracement stop loss, sideways stop loss, expected R multiplier stop loss, key psychological price stop loss, tangent support level stop loss, moving average stop loss, cost moving average stop loss, Bollinger band stop loss, volatility stop loss, K-line combination stop loss, chip intensive area stop loss, CDP (contrarian operation) stop loss, etc.Investors should judge based on their own risk tolerance and choose a stop loss method that suits them. The market has been fluctuating all the time, and there are opportunities at all times, but before we make a transaction, when we look at a certain position, we also need to refer to whether the stop loss position is well set, how much profit margin can be grasped, and whether it has played a role in using small capital to fight for high returns. The size of the stop loss: It can be set according to the resistance support in the seeking stop loss point above. The size of the stop loss we are talking about here should be set more based on the profit margin. This is the high return of small capital. When our profit margin can only be seen at 5-8 points, the stop loss can be controlled at about 3 points; The stop loss point for medium- and long-term trading can be appropriately enlarged, and when the profit point is above 30 points, the stop loss can be set to more than 8-10 points.Of course, the size of the stop loss is more of a reference factor in resistance and support. Spread in stop loss: We all know that the cost of trading is composed of spread and commission. When we place an order, we try to find the best entry point and calculate the spread. Then the same is true when setting the stop loss. The above talked about finding the stop loss point and the size of the stop loss, then in the gold investment market, it is often a decimal point that can change the profit or loss, so we need to calculate the spread when setting the stop loss. Several principles for setting a stop loss point: 1. Once the stop loss point is set, it is not recommended to change frequently if it is not necessary. It should be implemented decisively. Stop loss is actually a prerequisite and guarantee for profit. 2. The stop loss point should be set before each lot is traded. 3. The stop loss point can be flexibly changed, but it must not be changed day and night. 4. Before setting the stop loss point, it must be based on the current overall trend In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
FX:USOILEducation
by Blessed_V