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Crudeoilanalysis

Crude oil trade analysis WTI crude oil showed a roller coaster trend. It fell to an intraday low of $74.03 during the European trading session, then recovered all losses, and rose to an intraday high of $76.18 in the US market. It finally closed down 0.19% at $74.99 per barrel. ; Brent crude oil once fell below the $80 mark during the session, and then fluctuated around this mark, finally closing down 0.14% at $79.99 per barrel. Crude oil opened lower and fluctuated today, stabilizing at the 74.9 line. The daily chart shows that yesterday it fell first and then rose. The daily line included a negative cross star pattern with long upper and lower negative lines. Recently, oil prices have been fluctuating in the upper shadow line in the 74.0 area, further indicating that this level has reached a certain level of support. position, but it is difficult to open up the situation without breaking through the upper resistance level. In the crude oil shock triangle, today's operation considers rebound short selling as the main strategy, and low and long strategies as the supplement. The top focus is on the resistance of 76.5-77.1 US dollars per barrel, and the bottom focus is on the support of 73.5-72.3 US dollars.
TVC:USOILLong
by Jerome-Leon
Brent Crude Oil🛢️Outlook: Navigating The Next Huge Move (4H)Brent Crude Oil Forecast 🛢️ TVC:UKOIL Just like we called it earlier, the price dropped from 82.00 to 79, hitting our Take Profit sweet spot. Now, even though the price popped above 81, it couldn't make higher high, and it's chilling below the 100-day moving average on the 4-hour chart. Looks like we might see it slide back from 81.50 - 82.00 to 80. If 80 can't hold its ground, we might be looking at a dip to the 77 zone. On the flip side, if it manages to break above 83, we could be in for a bullish ride. Quick heads up: Keep your eyes peeled for any surprise moves, especially with the OPEC meeting on November 30, 2023, and the ongoing tension between Palestine and Israel. Key Levels: Support lines: 79.00 & 76.00 Resistance lines: 83.00 & 84.64 Drop your thoughts in the comments below. Appreciate your take on this! Thanks! 🚀
TVC:UKOILShort
by InvestScale
WTI international trade analysis The U.S. Consumer Price Index (CPI) fell in all areas, and the dollar plummeted amid expectations that the Fed's interest rate hike cycle would stop. Crude oil prices rose on the back of that reversal and a weaker U.S. dollar that triggered a rise in black fuel prices. Looking at the daily chart of crude oil, oil prices have continued to fall since the second rebound failed in late October, and eventually the trend formed a downward trend. Oil prices have hit the August low of 77.80. At present, short sellers are showing strong performance. Pay attention to whether there will be a clear rebound in this week's period. If the mid-term trend of crude oil continues to be weak, the mid-term trend of crude oil will continue to decline towards 70. The short-term (1H) crude oil trend fluctuated and continued to be blocked near 80, forming a repetitive rhythmic market with alternating main forces. The U.S. dollar plummeted across the board last night. Compared with precious metals, the trend of crude oil is relatively weak. It still needs further momentum to accumulate for a full-scale rise. It is expected that crude oil will seek support around 77.30 after a slight fall during the day and rebound upward.
TVC:USOILShort
by Jerome-Leon
WTI Global Trade Analysis The crude oil market experienced a volatile last week, rising first and then showing signs of weakness. This market volatility has investors wondering whether prices are being overextended. This has been happening repeatedly in this market for months. However, in the current environment, it's not hard to believe that this could happen. If the market is able to break above the $90 level, it could pave the way towards the $95 level. Conversely, if the price declines from current levels, the $87.50 level represents a key support area. Beneath this, the 50-day EMA near $85 provides major support. We expect continued volatility and volatility in this market.
TVC:USOILLong
by Jerome-Leon
Crude Oil (WTI)This looks like it is poised to head back into a well established $70-$80 range (and then some!). Anticipated long-term USD strength, as well as extended Global economic weakness bodes well for an enduring price weakness outlook. Technically, Crude is at a major pivot, both, at the top of a rising daily channel, as well as at the top of a descending weekly channel trend line, resulting in a significant confluence region - both of those having price-negative connotation. The Daily (main signal); SHORT on any reversal! ... and the 240 min. (secondary signal);
NYMEX:CL1!
by Nemo_Confidat
2
Short Crude Oil on ResistanceIn crude oil trading today, we made good profits in the trading strategy of shorting crude oil in the 70.6-70.8 area twice. Judging from the current structural trend, crude oil will maintain range shocks in the short term, and fundamentally still maintain a short position. Although the inventory data has declined for two consecutive weeks, the pressure on the demand side is still very weak, and the U.S. dollar index has rebounded.Crude oil as a whole tends to run in a bearish trend. In terms of short-term structure, crude oil is currently facing the resistance of 71-71.2. If this area cannot be effectively broken through, then crude oil may still fall to the 69 position area at any time. Therefore, before crude oil fails to break through the short-term resistance, it is mainly to short crude oil. USOIL: @70.8-71 Sell, TP: 70.2 For more trading signals and trading plans, you can follow the bottom of the article to view the details!
TVC:USOILShort
by Trader_Christofer
WTI Light Sweet Crude Oil, 6/20/23A two-sided framework continues through summer between 62.14 long-term support, and 82.33 long-term resistance, both regions able to contain seasonal activity.   Downside, a weekly settlement below 62.14 indicates 53.87 within several months, longer term Fibonacci support able to contain selling into later year.   Upside, a weekly settlement above 82.33 indicates 94.67 within several months, able to contain annual highs. - For Tuesday, the 67.08 - 67.54 region can contain weekly selling pressures, above which 74.29 remains a weekly target, 76.68 attainable within 2 - 3 weeks.   Upside Tuesday, 72.40 can contain intraday strength, while pushing/opening above 72.40 allows 74.29 intraday, able to contain buying into later week.   Closing today above 74.29 signals 76.68 within several more days, able to contain weekly buying pressures, possibly into later July.   Downside Tuesday, breaking/opening below 70.49 allows 67.08 - 67.54 intraday, able to contain weekly selling pressures and the area to settle below for indicating 62.14 longer-term support as a 1 - 2 week target.
NYMEX:CL1!
by SpecialeAnalysis
Crude oil is steadily making profits every dayCombined with the trend of the hourly chart, U.S. oil continued to stay high and fluctuate within a narrow range after pulling up yesterday. This state indicates that the market may rebound again, but whether the top can break through 74, and whether it can press 75.5-7 is irrelevant. It's too easy to judge, after all, this wave of recovery still seems very sudden. In terms of operation, choose to wait and see conservatively within the day, and try to operate long and then short if you are aggressive, that is, a retracement around 72.2-72 within the day, aggressive short positions and long positions, set a stop loss at 71.5, and target at 73.5-74. Hold a single to see the 74 competition, and if it breaks through, keep watching the 75.5-7 test expectation. There may be resistance around 74 above the top within the day, but whether you can fight short or short depends on the actual situation. However, 75.5-7 above can still be regarded as the key pressure. If the pressure measurement reaches this point today, you can try short-term participation. For detailed suggestions, you can join my circle to view. In a word! Follow my footsteps if you want to make money, you won't be disappointed Jesus said
TVC:USOILShort
by Prometheusinfinance