USOIL reached a peak of 93.000 last week, and the trading strategy this week is still long. First of all, it has experienced two declines and is now hovering around 91.100. My suggestion is to enter the market now and take profit at 91.800. Stop loss 90.700. Good luck and happy trading.
Trade active
Although I don't think global oil prices will fall again.I believe crude oil prices could easily rise on news of Russian export cuts.
Note
USOIL is still rising and moving in the direction I expected.Trade active
It is still rising and will soon reach the profit stop point, as I expected.
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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.