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Crudeoilsignal

OPEC announced a production cut,how much upside is there for oilSaudi Arabia and other OPEC+ oil-producing countries announced further production cuts of about 1.16 million barrels per day on Sunday, which provided strong upward momentum for oil prices. They opened directly higher during the day and are currently slightly lower, trading near US 80.47. Judging from the trend of crude oil, the high price this morning just touched the important pressure level at the top of the platform in the early stage, so there is demand for a technical decline in the short term.The current rebound of crude oil has exceeded expectations, and the structure has also undergone variables. If the pressure continues, we will first look at the phased replenishment action. Short-term trading reference: Try to sell crude oil in small batches near 80.5, with a take profit level of 79.4--79 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.
TVC:USOILShort
by Short-term-king
Crude oil rebounded strongly, opening the way to rise?At present, it is in the process of rebounding after a volatile decline, and the short-term trend is relatively volatile. On the one hand, oil prices have initially bottomed out, which is a bit like a sign of inverted V reversal; on the other hand, oil prices seem to be undergoing a correction after breaking the level and falling.At present, the short-term rebound is relatively strong, but before regaining 72.4, it is still necessary to beware of the possibility of oil prices returning to the downward trend. If the 72.4 position can be recovered, it will be determined that the V-shaped reversal is established and increase the bullish signal in the future.If oil prices are delayed in regaining the 72.4 position, there is a technical need for a secondary bottoming demand, which will increase the short-term bearish signal. In the short-term treatment, the bottom pays attention to the support of the 69-70 line, and the top pays attention to the resistance at the 72.4 position. 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.
TVC:USOILLong
by Short-term-king
Crude Oil (WTI) - Long; Load up on it!Just a near term play here on the anticipated, transitory USD weakness. The main chart ought to be self explanatory - just follow the arrows. (The dates in the chart are only denoted because I am building a sizable option position here, one part of which consists of diagonal spreads.) Fundamentally, Russian oil companies have already figured out - and are using to deliver -, alternate routes for most of their hydro-carbon exports, circumventing current and potential future EU sanctions. (Sales are already exceeding pre-sanctions levels!) As it turns out, contrary to EU and US delusions, Russian oil companies know their own businesses a lot better than their US or EU counterparts. - Who would've thought?! :-O The majority of the anticipated price fluctuations are conditioned on a near term, transitory USD weakness/fluctuations.
NYMEX:CL1!Long
by Nemo_Confidat
WTI Crude Oil: 19.4 - A slide off the edge? A 'rising wedge" pattern is one of the most bearish candlestick patterns out there. It's when the highs consolidate with the lows in the shape of a sharp triangle going up. When the support trend-line breaks down - A trend reversal is usually ON! Meaning that from higher highs and lows the shift is to lower highs and lows and new lower targets are targeted. Yesterday I've covered how a break below 104.50 can be the beginning of a $10 or more drop down. 105.60 is another important support level to be broken and a blockage on the way down. Today is a very critical day as it may break this level, the other scenario is that WTI could retest the broken rising wedge at the high 107's low 108's. Pay close attention to the WTI today, as this could be the beginning of a significant correction down. --------------------------------------------------------------------------------------------------------------------------------------------------------- I'd very much appreciate a like and follow if you found this analysis helpful :D Please let me know what you would like to see more of and what you liked/disliked about my idea. My goal is to benefit the trading community and help improve results of all traders across the board ---------------------------------------------------------------------------------------------------------------------------------------------------------
BLACKBULL:WTIShort
by Exactus
11