WTI CRUDE OIL forum
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USOIL OPEC's production cut plan is about to be implemented, oil prices are about to rise sharply again, and geopolitical uncertainty has once again accelerated the growth of oil prices.
Technical support still exists. 72.4-72 is a reasonable trading range. As a short-term retracement point, this position has a strong support strength. The next round of USOIL is expected to exceed 73, or even reach 75.
Based on the above, the following operation suggestions are given for reference:
USOIL:
BUY 72.4
BUY 72
TP 73.12
TP 73.68
TP 74.48
SL 71.7
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Preliminary estimate 72.8-73.3
The current price is at a relatively low position. Therefore, it is reasonable to buy USOIL to go long on oil prices.
BUY: Buy near the current price of 71.8
tp72.8
sl71
Traders who want to trade but don’t know how to trade can refer to the detailed trading plan for USOIL. Keep paying attention. Avoid missing out on the detailed analysis later.
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