USOIL:Range fluctuation
Updated
Oil is still fluctuating in the range, reaching a minimum of around 89 today.
The oil has not chosen the direction yet. Last time we judged that the oil was going to test near the support point of 88.9.
Now the oil is near 89.9, and the direction is still not confirmed, so this range is still valid. You can still sell at the high point, buy at the low point, and wait for the oil to break through the range to confirm the trend.
We can't blindly think that oil will fall now, because we have tested the low twice in a row, but it has not fallen. We trade in the range. If we break through the range, we will strictly set a stop loss.Wait for the funds to choose the direction.
If my thoughts are helpful to you, please like and subscribe
Comment
If there is no chance, keep waitingComment
Observe whether it returns to the intervalComment
If you observe the range, you should be profitable todayDisclaimer
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.