https://www.tradingview.com/x/bwwnAnjR/ Oil prices have fallen sharply recently and have touched the support level near the previous low. There may be a range of fluctuations here, but the final breakthrough must be upward, so my trading direction is very clear, buying around the 73-70 area, with a target of 75-78.
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The price is rising, and the orders traded at low levels have made good profits. Now it has come to the resistance area, where there may be some decline or shock, but the upward trend has not changed.
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The price has pulled back, which was expected, and the pullback isn’t over yet. If you haven’t entered a long position before, you can start by buying a small amount now and then buy more after another dip. It is currently in the bottoming phase, so after buying, we just need to patiently wait for the price to rise.
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The price starts to rise. Friends who have not entered the long position can continue to enter. There is plenty of profit space above.
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The price has gone up, there is some resistance here, if you want to close the low order, you can close it first,
lock in the profit, and buy again after it falls back
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Close to tp1, close some orders
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The current indicator is slightly weak and there is a need for a correction. The support is around 74.2-73.6. The next rise is expected to reach around 75.8. Bulls still have room for profit.
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Good morning, the price has already reached the target area around 75.8. This is a resistance zone, with support at 74.8-74.3.
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Very strong bulls, rising from around 71 to 76, an increase of nearly $50. Did you grab this profit?
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You can start selling in small quantities. As the price rises, gradually close all long orders and increase short orders.
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