USOIL:Sharing of the Latest Trading StrategyAll the trading signals last week have resulted in profits!!! Check it!!!👉👉👉
Fundamental Analysis:
The ceasefire agreement between Israel and Iran has eased tensions in the Middle East, the primary factor behind the recent decline in oil prices. Meanwhile, market rumors suggest the U.S. may ease sanctions on Iran, which—if realized—would raise expectations of increased crude supply and further pressure oil prices.
Additionally, OPEC+ plans to continue increasing production by 411,000 barrels per day in July, with supply growth expectations exerting long-term downward pressure on oil.
Technical Analysis (4-Hour Chart):
USOIL prices have pulled back from highs and currently hover near $65.20, approaching the S2 pivot point at around $64.69 and the 4-hour 200-period moving average. The prior appearance of a long candlestick may signal short-term support.
Notwithstanding, the current market remains in a bearish trend, so the strategy prioritizes buying on rebounds.
Trading Strategy:
Sell@67-66
TP:65-64
