Crude oil continued to rise by about $14 during the 12 days of the conflict between Iran and Israel. In the last two days, the market took a twist, especially on Monday. When the market confirmed that Iran did not intend to close the Strait of Hormuz, crude oil fell unilaterally within the day. After opening high and falling on Monday morning, the market continued to fall. The daily price fell from the highest of $78.40 to the lowest of $66.60, with a daily decline of about $11.8. Monday's market basically recovered the gains from the previous Iran-Israel conflict, and yesterday's market continued Monday's decline. Yesterday's overall decline was about $3.15. The decline in two days has basically swallowed up all the gains in Iran-Israel.
Judging from the news on the market today, Iran and Israel seem to have confirmed a complete ceasefire, which means that the market will return to normal technical trends, that is, the bears who have been counting waves in the early stage, that is to say, the five waves of the rise in our Monday count have ended, and the market has entered a new wave cycle again, that is, the high point of $78.40 on Monday is the end of the 5th wave of Monday's count, and the decline on Monday is a new main wave of decline, that is, the beginning of wave 1. If Monday does not open high and break the starting point of the previous wave of the main decline of wave 3, we can continue to regard this wave of conflict rising waves as wave 4, but if it has been broken, we can only count the waves again, that is, the decline of the past two days is a new main wave of decline in 4 hours, and the decline of the past two days is the beginning of the main decline of wave 1. The market has fallen from $78.40 to $64, and the total decline has reached $14.40, indicating that there is a rebound demand, and the API data in the early morning is bullish, so today's market will have a wave of rising market, so our operation today is to wait for the market to go long in the Asian and European sessions, and go short after the US session starts.
1. 👉Short at $66.90, stop loss at $67.4, take profit at $64.50 (aggressive short at $66.60).
2. 👉If the market can fall to $64.30 before 5:00 U.S. time, go long at this point to $66. Stop loss is set at 63.8.
3. If the market falls to the long point first and then rises according to strategy 2, the upper short order is short at $66.10. .
Judging from the news on the market today, Iran and Israel seem to have confirmed a complete ceasefire, which means that the market will return to normal technical trends, that is, the bears who have been counting waves in the early stage, that is to say, the five waves of the rise in our Monday count have ended, and the market has entered a new wave cycle again, that is, the high point of $78.40 on Monday is the end of the 5th wave of Monday's count, and the decline on Monday is a new main wave of decline, that is, the beginning of wave 1. If Monday does not open high and break the starting point of the previous wave of the main decline of wave 3, we can continue to regard this wave of conflict rising waves as wave 4, but if it has been broken, we can only count the waves again, that is, the decline of the past two days is a new main wave of decline in 4 hours, and the decline of the past two days is the beginning of the main decline of wave 1. The market has fallen from $78.40 to $64, and the total decline has reached $14.40, indicating that there is a rebound demand, and the API data in the early morning is bullish, so today's market will have a wave of rising market, so our operation today is to wait for the market to go long in the Asian and European sessions, and go short after the US session starts.
1. 👉Short at $66.90, stop loss at $67.4, take profit at $64.50 (aggressive short at $66.60).
2. 👉If the market can fall to $64.30 before 5:00 U.S. time, go long at this point to $66. Stop loss is set at 63.8.
3. If the market falls to the long point first and then rises according to strategy 2, the upper short order is short at $66.10. .
Note
USOIL hits TP again. Charlie team is always glad that they can stick to their original intention. I will treat every friend who proposes cooperation wholeheartedly, and use my professional strength to help you make profits, recover your investment, and increase your value. My reputation depends entirely on the publicity of customers, and my strength is honed in long-term actual combat. Even if the road ahead is bumpy, as long as you trust us, we will do our best to guide you, make the most effective use of your funds, and let you experience the feeling of profit in the ups and downs of the market! If your trading is not going well, or your investment funds are often shrinking, then you can pay attention to Charlie team.Trade active
USOIL hits TP again. Charlie team is always glad that they can stick to their original intention. I will treat every friend who proposes cooperation wholeheartedly, and use my professional strength to help you make profits, recover your investment, and increase your value. My reputation depends entirely on the publicity of customers, and my strength is honed in long-term actual combat. Even if the road ahead is bumpy, as long as you trust us, we will do our best to guide you, make the most effective use of your funds, and let you experience the feeling of profit in the ups and downs of the market! If your trading is not going well, or your investment funds are often shrinking, then you can pay attention to Charlie team.Note
Considering that some market windows have a certain timeliness for real-time trading, you can follow David so that you can choose the appropriate strategy to operate. He has in-depth research on commodities such as gold, crude oil, BTC, etc. If you are not doing well in trading or your investment funds are often shrinking, then you can follow DavidTrade closed: target reached
Considering that some market windows have a certain timeliness for real-time trading, you can follow David so that you can choose the appropriate strategy to operate. He has in-depth research on commodities such as gold, crude oil, BTC, etc. If you are not doing well in trading or your investment funds are often shrinking, then you can follow David
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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.
Senior Market Strategy Analyst | CFA® Charterholder | Builder of a Million Member Profit System. To join, please click 👉🚀🚀t.me/EagleEyePrecisionAnalysis
👉：t.me/Eagle_PreciseAnalysis
👉：t.me/Eagle_PreciseAnalysis
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.