Crude Oil: Today’s Strategy Trend
The retracement of crude oil indeed exceeded expectations, but the bulls still stubbornly recovered the lost ground in the late trading. Therefore, the bullish position is still the main focus at present. The washout on the way is also the result of the long-short contest. If the price falls back to the point during the day, we will still be bullish. Don’t directly chase long positions in early trading.
The main reason why crude oil is bullish is that the upward trend of wave 3 and wave 5 is still continuing, and there is still a slight retracement on the way, and it is still bullish. Now it has been subdivided again and has entered the final peak moment of wave 3 of wave 5-5. Crude oil pressure is 90.80~91.50, support is 89.30~88.70.
For crude oil operations, it is recommended to wait for 90.8 to buy, with a target of 90.80~91.50. If it rises directly to 91.50, we will look at the pressure signals and decide whether to buy the top.
Usoilforecast
Directly empty, ready to plummet to the 80 line
Crude oil is about to plummet to the 80line, if you have any questions, come to me, it is so domineering
Crude oil’s daily line is obviously in the trend of multiple tops, at least a quadruple top. Every time it rushes to around 82, and then is suppressed strongly. At the same time, there is a waterfall downward, and the Bollinger Bands have closed. already empty
Join the oil rally as WTI surpasses $90!Discover why the oil market is making waves and how you can ride the wave of this exhilarating rally!
Attention, traders! Brace yourselves for some exciting news that will have you itching to jump into the oil market. The oil rally is gaining steam, and it's time to seize this golden opportunity!
The recent surge in oil prices has sent shockwaves through the market, and it's time for us to capitalize on this upward trend. The energy sector is buzzing with optimism, and the time is ripe to consider a long position in oil. So, let's dive into the details and explore the reasons behind this exhilarating rally.
Reasons Behind the Oil Rally
Global Economic Recovery: As economies worldwide rebound from the challenges of the pandemic, the demand for oil has skyrocketed. Industries are reviving, travel is resuming, and this surge in economic activity is fueling the need for energy. It's an ideal scenario for oil traders like us!
Supply Constraints: OPEC+ and other major oil-producing nations continue to maintain production discipline, ensuring a controlled supply of oil. This strategic move, coupled with reduced investments in new oil projects, has created a supply-demand imbalance that's favoring higher prices. It's the perfect storm for a sustained rally!
Geopolitical Factors: Geopolitical tensions and conflicts in oil-rich regions have intensified, raising concerns about potential disruptions in supply. Such uncertainties often drive oil prices higher, providing us with ample opportunities to profit from this market volatility.
The Call-to-Action: Join the Oil Rally!:
Now, here comes the exciting part - the call to action! I encourage you to consider taking a long position in oil and ride the wave of this oil rally. By capitalizing on this upward momentum, we can potentially secure significant gains in the coming months. Timing is everything, and this could be the golden opportunity we've been waiting for!
Remember, successful trading requires careful analysis, risk management, and staying informed. Keep a close eye on market developments, leverage technical indicators, and adapt your strategy accordingly. As always, it's crucial to consult with your financial advisor or conduct thorough research before making any investment decisions.
Embrace the Bullish Phase and Thrive in the Oil Market!
So, let's embrace this bullish phase with enthusiasm and embark on a profitable journey together. The oil rally is calling, and I can't wait to see you thrive in this exciting market! Get ready to ride the wave of the oil rally and secure your spot on the road to prosperity.
“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble." - Warren Buffett
US OIL / WTI Analysis 14Sep2023US Oil has a very strong bullish, by always forming new high. If at the end of this clock, a bullish candle is formed which is quite thick, it is likely that the price will continue to the right price of 91 in the Fibo extension area of 0.786 and contact with the channel line. We see again how the market reaction in the price area.
il Data Reveals a 3 Million Barrel Shortfall on Saudi CutBrace yourselves for some exciting news from the oil market that might just make your day. Recent data analysis has uncovered a significant shortfall of 3 million barrels in Saudi Arabia's oil production cut. This revelation presents a golden opportunity for us to make some smart moves and potentially profit from a bullish oil market. So, let's dive right in and explore why it's time to long oil!
Unveiling the Shortfall:
In a surprising turn of events, the latest oil data has exposed a notable discrepancy in Saudi Arabia's oil production cuts. As we know, the Kingdom has been at the forefront of OPEC+ efforts to stabilize oil prices by curbing production. However, it appears that their output reductions have fallen short by a staggering 3 million barrels. This revelation has sent shockwaves through the market, opening a promising window for us to capitalize on this situation.
Seize the Opportunity:
Now, you might be wondering, "What does this mean for us as traders?" Well, my friends, this shortfall in production can have a profound impact on the global oil market. With demand steadily recovering and supply struggling to keep up, we can expect a surge in oil prices soon. This presents an ideal opportunity for us to take advantage of a bullish market and potentially reap substantial profits.
Call-to-Action: Long Oil Today!
So, how can we make the most of this exciting turn of events? It's simple, my fellow traders – it's time to long oil! By strategically positioning ourselves in the market, we can potentially ride the wave of rising oil prices and secure significant gains.
Here are a few steps to get you started:
1. Conduct thorough research: Dive deep into the oil market's current dynamics, keeping a close eye on supply-demand trends, geopolitical factors, and any other relevant news that might impact oil prices.
2. Develop a solid trading strategy: Craft a well-thought-out plan that aligns with your risk appetite and investment goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to maximize your gains.
3. Stay updated and flexible: The oil market can be volatile, so it's crucial to stay informed about any new developments or shifts in the market landscape. Be ready to adapt your strategy accordingly to make the most of emerging opportunities.
4. Leverage reliable trading platforms: Utilize trusted trading platforms that offer real-time data, advanced charting tools, and competitive spreads to execute your trades efficiently and effectively.
Conclusion:
Traders, the oil market is buzzing with potential, and the recent data revealing a 3-million-barrel shortfall on Saudi Arabia's production cut is a game-changer. By long oil today, we position ourselves to capitalize on the upcoming surge in prices and potentially secure substantial profits. So, let's embrace this opportunity with enthusiasm and make the most of a bullish oil market. Happy trading, and may the profits be ever in your favor!
USOIL - Expect retracement ✅Hello traders!
‼️ This is my perspective on USOIL.
Technical analysis: Here we are in a bullish market structure from daily perspective, so I am looking for long. I want price to make a retracement to fill the imbalances lower and then to reject from bullish order block.
Like, comment and subscribe to be in touch with my content!
Is WTI US oil upper resistance of $94 peak price? I am reaching out to discuss the recent developments in the US WTI oil market and shed some light on its potential to hit the upper resistance level of $94. As cautious investors, we must closely monitor this situation and make informed decisions regarding our oil investments.
Over the past few weeks, we have witnessed a steady rise in oil prices due to various factors, such as increased global demand, geopolitical tensions, and supply constraints. As a result, US WTI oil has been steadily climbing, approaching a critical resistance level of $94.
While it is essential to acknowledge the possibility of oil prices reaching this upper resistance level, we must approach the situation with caution. Several factors could influence the market dynamics, potentially causing a reversal or a temporary halt in the upward trend. It is essential to consider these factors before making any investment decisions.
Therefore, I encourage you to closely monitor the developments in the oil market, paying attention to critical indicators such as supply and demand dynamics, geopolitical events, and economic data. By staying informed and conducting a thorough analysis, we can make well-informed investment choices that align with our risk tolerance and investment objectives.
Considering the current situation, I emphasize the importance of diversification in our portfolios. While oil investments can be lucrative, we must not overly concentrate our holdings in this sector. Diversifying across asset classes and industries can help mitigate risks and ensure a well-rounded investment strategy.
Lastly, I invite you to join me in regular discussions and forums to exchange insights and share valuable information about the oil market. By collaborating and leveraging our collective knowledge, we can make more informed decisions and confidently navigate the market.
In conclusion, let us remain cautious and vigilant as we observe the US WTI oil market approaching the upper resistance level of $94. By closely monitoring the situation, conducting a thorough analysis, and diversifying our portfolios, we can position ourselves for potential opportunities while managing risks effectively.
Thank you for your attention, and I look forward to engaging in fruitful discussions with you all.
Goldman Says Risks in Oil Supply Cut Amidst Bullish SentimentGoldman Sachs, a leading global investment banking firm, has issued a cautionary note urging traders to exercise caution amidst the current bullish sentiment surrounding the late-stage oil rally.
In their latest analysis, Goldman Sachs has highlighted several risks that could potentially undermine the anticipated benefits of any oil supply cut. These risks may have adverse implications for traders like yourself if not carefully considered. Therefore, it is crucial to approach this situation with a cautious mindset and take appropriate measures to mitigate potential pitfalls.
While it is understandable that the current market dynamics favor a late-stage oil rally, it is imperative to remain vigilant and avoid complacency. Goldman Sachs' research suggests that certain factors, such as the potential resurgence of COVID-19 cases, geopolitical tensions, and unforeseen disruptions in the global supply chain, could significantly impact the oil market.
To ensure you navigate this uncertain landscape prudently, I encourage you to:
1. Stay Informed: Continuously monitor market trends, industry news, and expert opinions to understand the evolving dynamics that could influence oil prices comprehensively.
2. Diversify Your Portfolio: Consider diversifying your investment portfolio to include assets less susceptible to the oil market's volatility. This approach will help mitigate potential losses and buffer against unforeseen downturns.
3. Exercise Caution: Be mindful of your risk appetite and avoid making impulsive decisions based solely on short-term market fluctuations. Take a measured approach and carefully evaluate the potential risks and rewards before making significant investments.
4. Seek Expert Advice: Consult with experienced financial advisors or industry experts who can provide valuable insights and guidance tailored to your trading goals and risk tolerance.
By adopting a cautious approach and incorporating these recommendations into your trading strategy, you will be better equipped to navigate the potential challenges associated with the current oil supply cut discussions.
Remember, success in trading lies not only in recognizing opportunities but also in managing risks effectively. Goldman Sachs' warning serves as a timely reminder to exercise caution and prudence during this period of heightened volatility.
Please comment if you have any questions or require further information. Let's navigate these uncertain times with a steady hand and informed decision-making.
www.reuters.com
Oil Price Advances Await OPEC+ Supply DecisionIntroduction:
Attention all traders! Exciting times lie ahead as the oil market anticipates the next move from the OPEC+ supply alliance. With recent price advances and favorable market sentiment, now is the perfect opportunity to seize the moment and consider a long position in oil. In this article, we will delve into the current state of the oil market, explore the factors driving price advances, and present a compelling call to action for traders looking to make the most of this promising situation.
The Current State of the Oil Market:
In recent months, the oil market has witnessed a remarkable price recovery, bolstered by global economic reopening and increased demand. The OPEC+ alliance, comprising major oil-producing nations, has played a pivotal role in stabilizing the market through supply adjustments. As traders, we eagerly await their next move, which is expected to impact oil prices substantially.
Factors Driving Price Advances:
Several factors have contributed to the recent oil price advances, igniting excitement among traders. Firstly, the booming global vaccination campaigns have led to a resurgence in economic activity, particularly in the transportation and manufacturing sectors. This surge in demand has resulted in a gradual drawdown of global oil inventories, further tightening the market.
Secondly, geopolitical tensions and supply disruptions have added fuel to the fire. Events such as conflicts in vital oil-producing regions, weather-related disruptions, and unexpected outages have put additional pressure on oil supplies, creating a bullish environment for traders.
Call-to-Action: Long Oil Now!
Now, more than ever is the time to consider a long position in oil. The confluence of positive market sentiments, increased demand, and potential supply constraints presents an opportunity for traders to capitalize on potential price gains. By taking a long position in oil, you align yourself with the current market dynamics, positioning yourself for potential profits as prices advance.
However, conducting thorough research and analysis is crucial before making any trading decisions. Stay updated with the latest news and developments surrounding OPEC+ decisions, global economic indicators, and geopolitical events that can influence oil prices. Utilize technical analysis tools and consult expert opinions to make informed trading choices.
In conclusion, the oil market is witnessing an exhilarating period as traders eagerly anticipate the next move from the OPEC+ supply alliance. With price advances and bullish market sentiments, now is the time to consider a long position in oil. Seize this opportunity, conduct thorough research, and make informed trading decisions to maximize your potential profits. Get ready to ride the wave of oil price advances and make your mark in the trading arena!
Remember, oil trading is highly volatile and requires careful consideration. Exercise caution and implement risk management strategies to protect your investments. Happy trading!
(Note: This article is for informational purposes only and does not constitute financial advice. Traders should research and consult with professionals before making investment decisions.)
Navigating Oil Price Rises as Supply Tightens and China PMI Edge
Introduction:
As the global economy gradually recovers from the pandemic-induced slump, a combination of factors has led to a tightening of oil supply, resulting in a notable rise in oil prices. Coupled with China's Purchasing Managers' Index (PMI) showing signs of improvement, the time might be ripe for investors to consider long positions in oil. In this article, we will delve into the reasons behind the oil price surge the impact of China's PMI on the market, and provide a call-to-action for those seeking investment opportunities in the oil sector.
Understanding the Supply Tightening:
One of the primary factors driving the recent surge in oil prices is the tightening of supply. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, collectively known as OPEC+, have been implementing production cuts to stabilize the market. These cuts and the ongoing global economic recovery have gradually reduced oil inventories, causing prices to climb.
China PMI and its Influence:
As the world's second-largest oil consumer, China is crucial in shaping global oil demand. The country's PMI, a key economic indicator, provides insights into the health of its manufacturing sector. As China's PMI edges higher, it suggests increased industrial activity and, subsequently, higher oil demand. This positive trend in China's PMI can potentially contribute to further price appreciation in the oil market.
Call-to-Action: Long Oil
For investors seeking potential opportunities in the oil market, now might be an opportune time to consider long positions in oil. As supply tightens and China's PMI shows improvement, the market dynamics appear favorable for potential gains.
However, it is essential to approach oil investment cautiously and conduct thorough research before making any decisions. Here are a few key points to consider:
1. Diversify Your Portfolio: While oil investment can be lucrative, it is crucial to maintain a diversified portfolio to mitigate risks. Allocating a portion of your investment to oil can help balance your overall portfolio and potentially enhance returns.
2. Stay Informed: Keep a close eye on global oil market trends, geopolitical developments, and economic indicators like China's PMI. Staying informed will enable you to make informed decisions and seize opportunities as they arise.
3. Consult a Financial Advisor: If you are unsure about navigating the complexities of the oil market, seek guidance from a qualified financial advisor. They can provide personalized advice based on your investment goals and risk tolerance.
Conclusion:
As supply tightens and China's PMI edges higher, the oil market presents potential opportunities for investors. By understanding the factors driving oil price rises and staying informed about market dynamics, investors can potentially make informed decisions to benefit from this upward trend. However, it is essential to approach oil investment cautiously and seek professional advice if needed. With careful consideration and prudent investment strategies, long positions in oil may prove advantageous for those seeking to diversify and capitalize on the current market conditions.
Oil Moves Up as China Extends Support to Boost EconomyIntroduction:
In a positive turn of events, the global oil market has witnessed a significant uptick as China, the world's largest importer of crude oil, continues to implement measures to bolster its economy. This development has injected a sense of cautious optimism among traders, who now have an opportunity to capitalize on the upward momentum. In this article, we explore the recent support from China and provide a call to action for traders to consider loading up on oil slowly and conservatively.
China's Economic Support:
China's commitment to revitalize its economy has been the driving force behind the recent surge in oil prices. The nation's robust economic recovery plan, including increased infrastructure spending and a boost in domestic consumption, has instilled confidence in the oil market. As China's demand for oil rises, traders can anticipate a positive impact on prices.
The Impact on Global Oil Prices:
China's unwavering support for its economy has a ripple effect on the global oil market. As the nation's demand for oil escalates, it creates a favorable environment for prices to climb steadily. This upward trajectory can be seen as an opportunity for traders to enter the market and potentially reap the benefits of this positive trend.
Call-to-Action: Load Up on Oil Slowly and Conservatively
While the recent developments in the oil market are encouraging, traders must exercise caution and adopt a conservative approach. Here are a few key considerations to keep in mind:
1. Analyze Market Trends: Before making investment decisions, carefully analyze market trends, supply-demand dynamics, and geopolitical factors that may impact oil prices. Stay informed by following reputable news sources and consulting expert opinions.
2. Diversify Your Portfolio: To mitigate risks, it is advisable to diversify your investment portfolio. Allocate a portion of your resources to oil while maintaining a balanced approach across various sectors and commodities.
3. Set Realistic Targets: Establish realistic profit targets and risk management strategies. Avoid succumbing to the temptation of quick gains, as oil prices can be volatile. A gradual and measured approach will help you navigate potential market fluctuations.
4. Stay Informed: Continuously monitor global economic indicators, geopolitical developments, and policy changes influencing oil prices. Being well-informed will enable you to make informed decisions and adjust your strategy accordingly.
Conclusion:
China's commitment to supporting its economy has breathed new life into the oil market, offering traders a window of opportunity. However, it is crucial to approach this opportunity with caution and a measured mindset. By following a conservative investment strategy, analyzing market trends, diversifying portfolios, and staying informed, traders can benefit from the current upward trend in oil prices. Remember, slow and steady wins the race.
Call-to-Action: Embrace this cautious optimism and consider loading up on oil slowly and conservatively regarding the considerations above. By doing so, you can align your investment strategy with the positive market sentiment and potentially capitalize on the upward movement in oil prices.
WTI Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Get Ready for an Epic Rise: Oil Prices Set to Soar to $300!
I will reveal a scenario that could send shockwaves through the market and skyrocket oil prices to an unprecedented $300 per barrel!
In recent months, we have witnessed a series of events that have set the stage for an extraordinary rise in oil prices. The global economy is experiencing extreme inflation, with prices soaring. As a result, we are on the verge of witnessing a perfect storm that could send the value of oil through the roof.
You might be thinking, "Why should I care about this?" Well, my friends, this is an invitation to seize an opportunity that could transform your trading portfolio. So, fasten your seatbelts and prepare to embark on an adrenaline-fueled journey of epic proportions!
Here's the deal: Rising extreme inflation is causing the value of currencies to plummet, leaving investors scrambling for a haven. And what better haven than the black gold itself? Oil has historically been a store of value during times of economic uncertainty, and this time is no different.
As the demand for oil rises, driven by the need for energy in an ever-growing world, and supply constraints tighten, we are witnessing the perfect storm brewing. It's like a pressure cooker waiting to explode; oil prices will surge to unimaginable heights when it does.
So, what's the call to action, you ask? It's simple: Long oil! Position yourself to ride this wave of opportunity before it's too late. Don't let this thrilling chance slip through your fingers. Take action now and secure your position in the oil market.
Here are a few steps to get you started:
1. Conduct thorough research: Dive deep into market trends, economic indicators, and geopolitical factors that could impact oil prices. Knowledge is power, and being well-informed will give you an edge in this exhilarating journey.
2. Develop a solid trading strategy: Craft a well-thought-out plan that aligns with your risk tolerance and investment goals. Consider entry and exit points, stop-loss levels, and potential profit targets.
3. Leverage trading tools: Equip yourself with cutting-edge trading platforms, technical analysis tools, and real-time market data. These resources will help you make informed decisions and stay ahead of the curve.
4. Stay updated: Keep a close eye on global economic news, oil production reports, and market-moving events. Knowing the latest developments will enable you to adapt your strategy accordingly.
Remember, trading is not for the faint-hearted. It's for those who crave excitement, thrive on challenges, and are willing to take calculated risks. The potential rewards that await in the oil market are enormous, and it's time for you to seize this golden opportunity.
So, fellow traders, gear up, embrace the thrill, and embark on this exhilarating journey to long oil. Together, we can ride the wave to unimaginable profits!
Wishing you adrenaline-pumping trades and boundless success,
Oil Is Going To $300 A Barrel (forbes.com)
USOIL:Trading strategy
Oil fluctuated a lot last Friday, rising to 80.4, then fell under resistance, but finally rose again.
All when the oil falls to support, we can try to buy.
Usoil Today's trade building:
Usoil:buy79.2-79.6 TP:80.4-81
If you don't know how to trade yet, join me and learn how to trade, or let me guide you in trading.
Potential Impact of EU Importing Russian Oil via Refined IndiaRecent developments suggest that the European Union (EU) might start importing Russian oil through refined products from India. As prudent traders, it is crucial that we pause and carefully evaluate the potential consequences of this situation.
Over the past few years, the EU has been actively diversifying its oil supply sources to reduce its dependency on a single region. However, reports indicate that the EU might explore alternative routes for importing Russian oil. Specifically, there are indications that Russia could export its oil to India, where it would be refined before being shipped to Europe.
While this development may seem like a mere shift in supply routes, it can disrupt the oil market dynamics. The EU's reliance on Russian oil has always been a concern due to geopolitical tensions and uncertainties surrounding the region. This new approach of importing Russian oil via refined products from India introduces a new layer of complexity and raises several questions:
How will this impact the oil market's overall supply and demand dynamics?
Will the EU's diversification efforts be compromised, potentially leading to heightened geopolitical risks?
Can we anticipate any price fluctuations or market volatility resulting from this potential shift?
Given the potential implications, I strongly encourage you to pause oil trading momentarily and take a cautious approach until further clarity emerges regarding the EU's decision and its impact on the market. It is crucial to carefully assess this development's potential risks and opportunities before making any significant trading decisions.
As the situation unfolds, I urge you to stay informed and closely monitor any updates from reliable sources. Engage in discussions with industry experts and fellow traders to gain insights and perspectives that can help inform your trading strategies moving forward.
In conclusion, the EU's potential decision to import Russian oil through refined products from India has the potential to impact the oil market significantly. We must exercise caution and evaluate the possible consequences before resuming trading activities. We can navigate this uncertain period and make informed trading decisions by staying informed and engaging in thoughtful discussions.
Thank you for your attention to this matter, and let us remain vigilant as we navigate these evolving market dynamics.
Factors Behind Rising Oil Prices: A Call-to-Action for ConsciousThe oil market is heating up, and it's time to seize this golden opportunity. The recent surge in diesel prices, a decline in oil rigs, and a refinery fire in Louisiana have caused oil prices to skyrocket. This is your chance to make a bold move and long oil!
First off, let's talk about the surge in diesel prices. Diesel prices have been climbing steadily, which has significantly impacted oil prices. Diesel is a crucial fuel for the transportation and industrial sectors, and its increased demand has put pressure on the oil market. As diesel prices continue to rise, so do the prospects for oil prices.
Adding fuel to the fire, we have witnessed a decline in oil rigs. With fewer rigs in operation, oil production has been affected, leading to a decrease in supply. As the saying goes, when supply dwindles, prices soar. This decline in oil rigs has created a perfect storm for oil prices to rise even further.
But that's not all! A recent refinery fire in Louisiana has exacerbated the situation. Refineries are vital in transforming crude oil into various petroleum products, including gasoline and diesel. The disruption caused by the fire has reduced refining capacity, leading to a tighter supply of oil products. As a result, oil prices have shot up, presenting an incredible opportunity for traders like you.
Now, here comes the call to action! It's time to take advantage of this exciting market scenario and long oil. By going long, you'll be betting on the continued rise in oil prices. This is your chance to make a profitable move and ride the wave of this upward trend.
But remember, trading involves risks, and it's crucial to do your due diligence and consult financial experts before making investment decisions. Stay updated on market trends, monitor news related to the oil industry, and keep a close eye on economic indicators that can impact oil prices.
So, traders prepare to dive into the oil market and capitalize on this incredible opportunity. Long oil and ride the wave of this price surge. The time is now, and the potential for profits is immense. Don't miss out on this exciting chance to make your mark in the oil trading world!
Short crude oil and keep making moneyThe crude oil trading strategy shared with you today, USOIL: @79.2-79.4 Sell, TP: 78.5. We made a good profit again, and the lowest crude oil fell to around 77.6 today.
Similarly, our crude oil trading strategy has successfully reached my expected profit target. Congratulations here to all friends who keep up with trading strategies.
Looking at the current structural trend of crude oil, although the local trend of crude oil has rebounded structurally, overall, the global manufacturing data is weak, increasing demand concerns. In addition, the short-term trend of crude oil fell below the lower support of the range. Although oil prices rebounded vigorously after hitting a new low, it only eased the continuity of the decline and failed to change the direction of the downward trend. Therefore, crude oil still has downside risks in the short term. Therefore, short-term trading of crude oil is still dominated by shorting at high levels.
There is no fluke in the market, we need more time to look for opportunities and be good at seizing them. And I spend a lot of time every day researching the market and profiting from it. Similarly, I also make more detailed trading plans and trading signals based on the market every day. The article has a certain lag. In order to grasp the market dynamics and trading plan in time, you can follow the bottom of the article to master the wealth code and create your own wealth!
USOIL:Trading strategy
Oil has been fluctuating narrowly today, so today's trading is sold short when it reaches resistance, and bought when it reaches support. As long as you are not greedy, then you can make a profit today.
But the general direction of oil is still short selling, because it is still suppressed by the daily line and has not reached the support point.
Usoil Short-term trading:
Usoil:buy79.55-78.8 TP:80.3-80.6 SL: 78.3
In the long run, it is more risky not to fall to the support level, so you must strictly set the stop loss.
If you don't know how to trade yet, join me and learn how to trade, or let me guide you in trading.
USOIL:Trading strategy
Oil rose first and then fell today. It has been fluctuating near the lower edge of the rising channel, and now it is finally falling.
Now the downward trend is obvious, as long as it rebounds above 82, you can try to sell short.
Usoil Today's trade building:
Usoil:sell81.7-82.3 TP:81.5-80.8 sl:82.8
If you don't know how to trade yet, join me and learn how to trade, or let me guide you in trading.