USOILSPOT Weekly Analysis: New Perspective and Follow-Up Details

已更新

Prepare yourself for a thrilling week ahead as all eyes are fixated on the much-anticipated interest rate decision by the Fed. The question on every trader's mind is, will the Fed signal an end to this year's rate hikes? And if they do, brace yourself, because oil could be on the brink of a momentous breakthrough, turning that elusive $80 per barrel from resistance into rock-solid support!

Hold onto your hats, because the excitement doesn't stop there! Oil prices surged by nearly 2% on Friday, marking the fourth consecutive weekly gain. The market is abuzz with growing evidence of impending supply shortages, sending ripples of anticipation through the market. But that's not all—rising tensions between Russia and Ukraine add an extra layer of intrigue, potentially further impacting supplies. The stage is set, and the question on everyone's lips is, what lies ahead in the upcoming week?

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.

注释

Upon market opening, a bearish gap becomes evident, reflecting the prevailing institutional sentiment over the weekend. Despite this, trading activities have been limited to the $77.00 and $76.50 range, highlighting the indecision among market participants as they prepare for the upcoming Fed's interest rate decision mid-week. At this juncture, we exercise patience, eagerly awaiting a signal in the form of a potential breakout or breakdown of the current range, which could present favorable trading opportunities.

Good Morning

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As a result of our live session this morning, the buy position has been triggered following the breakout of both discussed resistance levels. This has led to a minimum of two active buy positions, and it's advised to secure these positions now.

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UPDATE

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The price of a barrel of US oil is currently just below the OPEC+ target of $80 mark. We currently have two buy positions that are profitable, as the price has been trading within a range for the past 14 hours. To confirm an uptrend continuation, we'll be closely monitoring the breakout/retest of the new resistance line at the $79 level. However, if the price breaks down and retests the $78.50 level, there is a possibility of witnessing a retracement of the previous impulse leg.

Good Morning

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As discussed during our live session this morning; the third position is now triggered and there are three positions running with approximately 550 pips. Secure positions

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Three buy positions running in the uptrend direction with approximately 500 pips; secure positions

Good Morning

注释

#USOIL

UPDATE

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UPDATE

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All buy positions are secured as we continue to rely on the ascending trendline as our primary trading guide for today's session.

Good Morning

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What seems to be the final buy position for the week has been initiated at the $79.70 level. It is recommended to secure all existing buy positions, as there is a possibility of a significant sell-off due to the Dollar gaining momentum against other currencies. Additionally, keep a close watch on the ascending trendline, as a breakdown could potentially lead to further sell-offs. Stay attentive and prepared for potential market shifts.

交易手动结束

All positions have been closed. Based on the current market outlook, there is a noticeable increase in buying pressure, indicating a potential upward movement. To steer our trading activities for today, we have identified a new ascending trend line (marked in blue) on the 1-hour timeframe to guide our decisions.

Good Morning

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UPDATE

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UPDATE

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We've managed to secure a solid 520 pips profit across 4 positions as the trading market enters a rangebound phase ahead of the upcoming NFP data release later today. With these positions locked in, we eagerly await further trading opportunities.

Good Morning