Usoil:Repeated shocks
Oil peaked at around 79.8 yesterday. Due to signs that tensions in the Middle East may ease and uncertainty about U.S. crude oil inventories, it fell to near 77.7 yesterday.
As can be seen from the daily line, the price has been supported and stabilized near the lower Bollinger band, and has emerged from a continuous rebound trend. Although the price fell after the increase yesterday, it did not fall below the important support position of 77.5.
So we can still choose to buy in the support range, but you need to strictly set the stop loss to prevent the oil from falling further.
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As I predicted, the support point is 77.5Trade active
Observe the strength of the support pointTrade active
If you are a buy order, you can stop loss nowTrade active
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77.4 is a very critical positionTrade active
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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.