Dear trader friends, are you still curious whether you can buy USOIL or continue to short USOIL? Listen to Jack's opinion.
From the perspective of oil trends, it is still in an overall downward trend. USOIL is currently priced at 66.2 (based on Tradingview). From the news perspective, the short-term supply line has been blocked, which may cause an increase in oil demand and oil prices. Combined with the four-hour USOIL, a double bottom structure is formed. Therefore, the short-term comprehensive assessment is mainly buying, and attention is paid to whether the price of 67 can stand firm in the market. If the position of 67 stands firm, a rebound climax of 68-68.5 will be formed in the short term. Focus on the release of the "non-agricultural data" tomorrow.
Personal thoughts, for reference only. If you follow my signals or refer to my suggestions, remember to pay attention to the real-time notifications within the analysis circle. Convenient for subsequent operations or closing positions.