Rising oil prices are under pressure, so be careful of traps
Updated
Although the interruption of some exports from the Kurdistan region of Iraq has raised concerns about tighter supply, the United States is expected to start strategic reserve repurchases during the year, which will also benefit oil prices to promote a rebound in oil prices.However, because of the geopolitical situation between Russia and Ukraine, it is more the West that sanctions Russia, so it will not allow oil prices to rise sharply and have sufficient income, thus limiting the room for oil prices to rebound to a certain extent.
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From the perspective of crude oil trends, since the surge on March 27, there has not been a decent pullback and repair, so crude oil technically needs at least a second pullback to prove the effectiveness of the oil price increase.
Short-term trading reference: sell crude oil near 74, stop loss level 74.4, take profit level 73.3
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
https://www.tradingview.com/x/ZXXw1bWW/
From the perspective of crude oil trends, since the surge on March 27, there has not been a decent pullback and repair, so crude oil technically needs at least a second pullback to prove the effectiveness of the oil price increase.
Short-term trading reference: sell crude oil near 74, stop loss level 74.4, take profit level 73.3
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Trade active
At present, crude oil has fallen to the 72.8 line, and the crude oil trading orders sold around 74 have already made substantial profitsNote
Is your crude oil trading profitable?Note
Oil prices are currently undergoing a narrow range of oscillations. After we sell crude oil near 74 and take profits, I don’t recommend doing any more operations for the time being. The most important thing is to hold the profits in our own hands
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