Yesterday, as I expected, after the oil fell below the rising channel, it fell directly to 79, but as long as it fell, it would be repeated and would not fall directly.
Now oil has rebounded to 81, but as long as it does not rise to 81.5 and stands firm, then the current rebound is for a better decline.
Usoil Today's trade building:
Usoil:sell81.1-81.5 TP:80.5-79.8 sl:82.3
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Note
Focus on resistance pointsNote
Decide today whether it will enter the downward channelNote
If oil cannot effectively rise to 81.6, then it can be judged that it is still in a downward trend.Note
It's still a downward trend, but today is Friday, you need to trade cautiously and wait for next week.
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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.