USOIL Latest Analysis and Precise Trading Signals

hace 3 días

USOIL News Analysis: US crude oil inventories unexpectedly increased by 2.4 million barrels last week. Market expectations suggest OPEC+ may consider further production increases at its meeting this weekend, heightening oversupply concerns. International crude oil prices fell to a two-week low during Thursday's trading session. Market research indicates that OPEC+ will hold a meeting this Sunday, with eight member countries and major oil-producing nations such as Russia discussing whether to increase production further in October. If this decision is made, OPEC+ will lift its production cuts of approximately 1.65 million barrels per day, representing 1.6% of global demand, more than a year ahead of schedule.

Technical Analysis: Yesterday, international oil prices saw a slight rebound after breaking the bottom in volatile trading. They quickly retreated in the evening, breaking through the 62.8 mark before quickly rebounding. The daily candlestick chart closed with a small bearish candlestick pattern. Oil prices are showing signs of breaking below the 14-day moving average, but technically haven't broken below the support level. Short-term focus is on the upper resistance level of 64.7 and the lower support level of 62.2. USOIL watershed is $63.7

USOIL Latest Trading Recommendations:
1. Buy Support Zone: $61.3-60.6, Target: $62.2-62.8
2. Sell Resistance Zone: $63.7-64.5, Target: $62.8-62.3
Trading involves risk; manage your position appropriately.

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USOIL's precise buy trading signal has been accurately achieved.

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The upside has exceeded the TP target range of 62.2-62.8.

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Those traders who execute will win profits.

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I hope that every accurate signal can help independent traders and make trading profitable easier.