Crude oil is basically a big shock. There is no pattern to such shock. We can only know its shock range. If it falls back today, we can consider the long opportunity at 69-69.2. If it rebounds directly, we can consider the short position at 71.4. There are opportunities for long and short positions in shock.
So I suggest entering the market at 69-69.2, with a target of 70.5-71.3
Join my Telegram channel to enjoy more trading strategies
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.