CFDs on WTI Crude Oil
Updated

USOIL:Choose direction

481
snapshot

The trend of oil is still the same as I said, fluctuating in the range, as long as you follow my strategy, you should be able to have a nice weekend.

Oil rose as high as 91.3 today, but fell and did not break through the range in the end. When the second rise did not break through the high of 91.3 and fell back within the range, then you can sell decisively.

Now there are still fluctuations in the range, so the range is still valid. You can still buy at the low point and sell at the high point in the range. Waiting for the trend to break through the range, we can judge the final trend of oil.

Because oil has not risen to break through the range for three consecutive times, now we have to observe the support points in the range. If the support points cannot be effectively supported, then the possibility of oil falling will be greater.

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