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Fundamental Analysis:
Uncertainty over the OPEC+ production increase plan continues to unsettle markets. If the 增产 (production hike) is implemented, increased supply will pressure oil prices.
Meanwhile, uneven global economic recovery has impacted crude oil demand expectations.
Technical Analysis:
Daily candlestick charts show prices oscillating within a $59–$63 range. The MACD indicator remains below the zero line, with bearish signals persisting.
The 50-day moving average forms strong resistance near $63, while $58.9 serves as key support.
Trading Strategy:
Await rebounds to initiate short positions.
Trading Strategy:
Sell@63-62
TP:60-59
Share accurate trading signals daily—transform your life starting now!
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Fundamental Analysis:
Uncertainty over the OPEC+ production increase plan continues to unsettle markets. If the 增产 (production hike) is implemented, increased supply will pressure oil prices.
Meanwhile, uneven global economic recovery has impacted crude oil demand expectations.
Technical Analysis:
Daily candlestick charts show prices oscillating within a $59–$63 range. The MACD indicator remains below the zero line, with bearish signals persisting.
The 50-day moving average forms strong resistance near $63, while $58.9 serves as key support.
Trading Strategy:
Await rebounds to initiate short positions.
Trading Strategy:
Sell@63-62
TP:60-59
Share accurate trading signals daily—transform your life starting now!
👇 👇 👇 Obtain signals👉👉👉
Click the link for accurate trading signals!
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t.me/+yjp8kSPDleljYzA0
t.me/+yjp8kSPDleljYzA0
Change your life starting from entering my Telegram channel!
t.me/+yjp8kSPDleljYzA0
Making profits will be as easy as breathing!
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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.
Click the link for accurate trading signals!
t.me/+yjp8kSPDleljYzA0
Change your life starting from entering my Telegram channel!
t.me/+yjp8kSPDleljYzA0
Making profits will be as easy as breathing!
t.me/+yjp8kSPDleljYzA0
t.me/+yjp8kSPDleljYzA0
Change your life starting from entering my Telegram channel!
t.me/+yjp8kSPDleljYzA0
Making profits will be as easy as breathing!
t.me/+yjp8kSPDleljYzA0
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.