Crude oil experienced a short-term correction as Russian government-ordered curbs on oil production and attacks on Russian and Ukrainian energy infrastructure offset U.N. demands for a ceasefire in Gaza. The bullish signal given yesterday was also in line with expectations. You can still continue to go long after today's correction.
As shown in the chart, yesterday's first target level can turn into support. Strategy suggestion: Crude oil can be long near 81.7, SL81.2, TP82.8-83
If you need precise strategies, please contact me directly and follow me. Trading is that simple.
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.