USOIL SHORT
USOIL
If it reaches 73 next week and shows a bearish structure, it makes sense to short these areas. Empty lows below look nice
If it reaches 73 next week and shows a bearish structure, it makes sense to short these areas. Empty lows below look nice
Trade active
The price moved as expected and moved up to the 73.5 region and then started to fall. Entry can be made from these regions. However, with the inflation data coming today, we may see increases in oil prices due to developments in the Israel-Palestine and Russia-Ukraine wars, as well as problems in the Middle East. It is useful to follow with a tight stop.
Good luck
Note
Setup 1R has reached profit. Those who want to reduce their risk may want to take profit, stop at the last high or stop entry, good luck to everyone
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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.