The short-term trend of crude oil has been oscillating and declining at a high level. The oil price has broken below the moving average system, and the objective short-term trend has entered a transition period. The bearish momentum is gradually intensifying, and the oil price dropped below 70 in the early trading session. In the 4-hour chart, the objective short-term trend direction within this week still remains upward. The trading strategy for crude oil still mainly focuses on the oscillation and decline at a high level.
Trading Strategy:
Sell@69.8-70
TP:69-68.5
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Trading Strategy:
Sell@69.8-70
TP:69-68.5
Get daily trading signals that ensure continuous profits! With an astonishing 90% accuracy rate, I'm the record - holder of an 800% monthly return. Click the link below the article to obtain accurate signals now!
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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.
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.