Easily make money for you with crude oil trend analysis
Crude oil prices fell back from highs and will bottom out and rebound
From yesterday to today, the overall trend of crude oil fell back after rising, with $80.5 as the resistance level and $77.6 as the support level.
The U.S. Department of Energy announced the purchase of approximately 3 million barrels of oil for delivery in September to replenish the Strategic Petroleum Reserve;
Attacks by the Houthi armed forces in the Red Sea region have also blocked oil shipments and disrupted tanker activities;
EIA report: The four-week average supply of U.S. crude oil products was 19.499 million barrels per day, a decrease of 1.25% from the same period last year;
Combining the above data and events, I believe that the current crude oil price will fluctuate around $77.8 and then show an upward trend.
Recommendation: Go long around $78
TP:79.5
SL:77
Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome
Usoilsignal
Today's crude oil trading analysis
Today's crude oil trading analysis
Yesterday, crude oil continued to fluctuate upwards, and the second time it tested high, it looked around 80.7, but it has not yet formed a breakthrough. The recovery range in late trading was within 80.0, and the daily closing line had an upper shadow line, which is still in the stage of shock and rise. At this stage, it is being set The upper track of Linguan is oscillating and is expected to break through the upper track.
From the daily chart, crude oil is expected to continue to fluctuate upward along the upward trend line in the short term. In the short term, buy at low prices.
Recommendation: Buy crude oil at $79.6
TP 80.5
SL 78.6
Usoil up confirm Chart Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.
Confirm signal usoil buy
Usoil up Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today
Crude Oil Prices Struggle As China Growth Plans Fail to Convince
Worries about Chinese energy demand have been a problem for oil bulls for some time as the world’s number two economy struggles to regain anything like its pre-pandemic vigor. Beijing has announced its intentions to ‘transform’ its development mode, and address endemic overcapacity, but its 2024 growth target of 5% perhaps only served to remind investors that China remains in the slow lane by its own recent standards.
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USOIL H4 / Long Trade Opportunity ✅💲Hello traders!
This is my idea related to USOIL H4. I expect the USOIL to go bullish after the retracement from the OB and supply area.
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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The rules for making money in oil in the short and medium term From the four-hour chart of crude oil, oil prices are still in the rebound stage. Mainly fluctuating and rising, it continues to test the upper edge of the channel. Judging from the past background of this round of testing, the accumulated momentum is sufficient, and the mid-term trend will mainly be upward.
The short-term support is mainly strong support from OPEC production cuts. The demand for oil prices has increased significantly, and geopolitics has once again consolidated the status of this hard currency. If the dollar falls due to some economic fallout, oil will rise even faster. Trading on March 4 was dominated by buying at low prices. Buying transactions can be conducted near the price of 80. If you are a mid-term trader, you can buy at low prices in batches. The target position for this week is above 83. Whether you are a mid-term trader or a short-term trader, you need to pay attention. You can stop trading after making a profit. Prevent profits from blowing back and causing losses at the same time.
This price is based on the tradingview oil price as a reference.
Accurate prices and trading opportunities for real-time trading. Stay tuned. TVC:USOIL FX:USOIL FOREXCOM:USOIL GBEBROKERS:USOIL FX:USOILSPOT BLACKBULL:USOIL.F
Usoil long Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.
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Usoil up long
Usoil up Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.
WTI US Crude Oil traded closely with the $78.00 handle on Thursday as bullish Crude Oil momentum stopped in its tracks as rising US Crude Oil stocks begin to weigh on energy risk appetite. US Personal Consumption Expenditure inflation came in at expectations but failed to spark renewed hopes for Federal Reserve rate cuts.
Usoil confirm buy Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.
Crude Oil Prices failed to hold early gains on Tuesday although concerns about supply disruptions in the crucial Red Sea trade link continue to dominate the market.
US President Joe Biden has said that a ceasefire between Israel and Hamas is ‘close’ but the extent to which any limited cessation would halt Houthi attacks remains unclear.
USOIL: Trading in the range of 75.5~79Crude oil technical aspects
Daily resistance is 79.2, support below is 75.5-74.4
Four-hour resistance is 76.8, and support below is 75.5-74.4
Crude oil operation suggestions:
Judging from the daily analysis, crude oil prices fell last week and closed down, and the bullish trend weakened, but the overall trend was still bullish. The daily level has not exceeded 79.00, and below it is the support of 75.5-74.4. Today, focus on trading in this range.
Usoil confirm signal Note: Low and High figures are for the trading day.
Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.
Crude Oil Prices are sliding once again.
Traders remain worried about demand if inflation proves resilient and interest rates stay up.
Still the broad price uptrend is not yet under serious threat.
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Usoil-Trend analysis
Oil has been in a volatile range recently. The large range is 74-79.5 and the small range is 75.5-78.5. The lowest reached around 76.3 yesterday and the highest today reached around 78.4.
Recently, due to geopolitical reasons, oil has been trending stronger, but it has not broken through the strong resistance point of 79.5 during the OPEC meeting. Therefore, I recently informed my clients that they have been mainly selling. In the volatile range, you cannot do both buying and selling. , if you want to make money on both sides, this will test your skills and your time watching the market.
Before breaking through the range, you can still buy at low levels and sell at high levels based on your funds. As long as you arrange your positions reasonably, you will have a very high possibility of making a profit in the end.
Join me as I share my strategies every day so you know how to trade
USOIL up Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live data and comprehensive price action on WTI Crude and Brent Crude patterns. Get information on key pivot points, support and resistance and crude oil news today.
In the early hours of Tuesday morning it was confirmed that the 5-year loan prime rate dropped by more than expected, in yet another show of support for not only the Chinese economy but for the real estate sector in particular.
Confirm signal buy USOIL
Crude oil analysis, focus on 76.5~78.5From the daily analysis, crude oil is currently in the range of 71.5-78.5. The daily level has not broken through and stabilized at 78.5, but is still in shock. Below is the support of 76.5-75.4. Trade based on this range first. If the price breaks through 78.5, and Oil prices above 78.5 will see further room for growth
Usoil upWTI depreciates amid thin trade on US Presidents’ Day, inches lower to near $77.80
Crude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oil.
Usoil confirm signal buyCrude Oil, commonly known as petroleum, is a naturally occurring fossil fuel liquid composed of hydrocarbon underground deposits and organic materials. The prices of this popular commodity are measured in USD. Saudi Arabia, Russia, United States, Iran and China are the countries producing more oil. On the other hand, United States, China, Japan, Russia, and Germany are the countries consuming more oil.
Sulphur content determines the quality of a crude oil. This corrosive material decreases the purity of a crude oil. Therefore, a crude oil with high sulphur content (sour crude) should sell cheaper than one with low sulphur content (sweet crude). There are two main benchmarks for pricing Crude Oil: WTI (West Texas Intermediate) from USA and Brent from UK.
Crude Oil tests multi-week high before receding on supply buildup, WTI back below $77.00
By Joshua Gibson | 18:34 GMT
USD/CAD Price Analysis: Corrects gradually below 1.3550
By Sagar Dua | 13:06 GMT
WTI seems to extend its gains after recovering intraday losses, hovers around $77.50
By Akhtar Faruqui | 05:20 GMT
OIL BULLISH MORE !!HELLO FRIENDS!!
As I can see USOIL is now trading above the uptrend line and it will be more bullish because of Asian Demand and War in Middle East Technically also it showing us clear view that it is holding above the support level and trading in bullish trend after a small reversal we expecting more buys in USOIL Trade As you can see our pervious entry on USOIL is preforming great job chart is attached in comment and we are loading more bags on this after a little Dip Friends Geopolitical Issue vs Supply & Demand is a clear view for Oil Prices It's just a trade Idea share Ur thoughts with us it help many other traders Stay Tuned for more updates.
Usoil-analyze
Keep asking me about oil. Last week I emphasized that oil did not fall below 74 and will continue to rise this week
It can be seen that yesterday the lowest oil price reached around 75.8 and the highest reached around 78.2, but it did not break through 78 many times, so it can be judged that the current range is between 75.8-78.2
In an upward trend, you mainly rely on support points to buy, or sell at high levels within the range, and adjust your strategy according to market conditions.
Join me, I will tell you detailed trading strategies and guide you how to trade
Crude oil prices fluctuated up and down in the short term today.In terms of crude oil, we continue to pay attention to the idea of shocks during the day. With the current unstable situation in the Middle East and the surge in OPEC crude oil production, the market outlook continues to be dominated by shocks. Technically, focus on the upper pressure near 78.40 during the day, and the lower support is around 76.65/74.7
Usoil-Market trend analysis
Oil is still in an upward trend, wait for the right support point to buy
During the recent period, the highest point of oil was 75.8 and the lowest point was 70.5.
Daily line: 67.71 support point, 79.8 resistance point
4H: 70.5 support point, 76.18 resistance point
These three important resistance points are 76.1-76.7-77.1
I see the possibility of oil bottoming at 70. The upward trend at this stage may reach 78-80. The previous shock range has gradually broken through. At this stage, as long as it does not fall below 74 this week, it is not recommended to trade short orders.
The above is my oil analysis. The market changes rapidly. The prediction needs to be combined with the market trend to achieve expectations. The above analysis is for your reference. I will continue to follow up and share in the future.
Today’s strategy:
Usoil:buy74.5-74.8
TP:75.3-75.8-X
SL:73.8
You can make appropriate adjustments based on your trading habits and funds
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