Continue to go long on crude oil.
Updated
Due to positive data, the oil price continues to rise. Our long position took profit at 76.3. Currently, it seems that there is still momentum for oil to continue its upward trend, with the MACD indicator showing a second bullish crossover on the 2-hour chart. Resistance is near 78.5, so I believe we can continue to enter long positions with a trading strategy of entering around 76.3-75.8 and setting a profit target in the 78-79 range. If the oil price can break through the 79 level, the next target is around 80.8.
USOILCRUDEOIL1!Note
The market is following the expected trend, stay tuned.Note
The oil rose slightly after stepping back on the support, and the low point continued to move up. The trend is still relatively goodNote
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The market is following the expected trend, stay tuned.Trade active
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