Usoil-Trend analysis
Updated
Oil has been in a volatile range recently. The large range is 74-79.5 and the small range is 75.5-78.5. The lowest reached around 76.3 yesterday and the highest today reached around 78.4.
Recently, due to geopolitical reasons, oil has been trending stronger, but it has not broken through the strong resistance point of 79.5 during the OPEC meeting. Therefore, I recently informed my clients that they have been mainly selling. In the volatile range, you cannot do both buying and selling. , if you want to make money on both sides, this will test your skills and your time watching the market.
Before breaking through the range, you can still buy at low levels and sell at high levels based on your funds. As long as you arrange your positions reasonably, you will have a very high possibility of making a profit in the end.
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Comment
I will continue to share tomorrowTrade active
Yesterday, oil gave another opportunity. I reminded my clients to sell twice near 78.2-78.7.Trade active
Will oil drop to 76.5-75.8 today?Comment
As long as you understand my analysis of oil, you should be profitable todayComment
As I predicted, the lowest reached around 76.4Comment
The rising resistance level is still sellingDisclaimer
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