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US crude oil is currently trading at 61.69. On the daily chart, it rebounded off the support at 61.0, with resistance at the 62.5 USD midline of the Bollinger Bands. The green bars of MACD are shortening, and RSI has rebounded to 48, indicating initial signs of a short-term halt in the decline.
The escalation of Middle East conflicts has boosted safe-haven buying, but a sharp increase of 3.8 million barrels in US EIA inventories, coupled with rising expectations of Federal Reserve rate hikes suppressing demand prospects, has intensified the tug-of-war between bulls and bears.
Trading Strategy:
sell@63-62.5
TP:61-60
buy@60.0-60.5
TP:62-62.5
Accurate signals are shared every day.👇 👇 👇 Obtain signals👉👉👉
US crude oil is currently trading at 61.69. On the daily chart, it rebounded off the support at 61.0, with resistance at the 62.5 USD midline of the Bollinger Bands. The green bars of MACD are shortening, and RSI has rebounded to 48, indicating initial signs of a short-term halt in the decline.
The escalation of Middle East conflicts has boosted safe-haven buying, but a sharp increase of 3.8 million barrels in US EIA inventories, coupled with rising expectations of Federal Reserve rate hikes suppressing demand prospects, has intensified the tug-of-war between bulls and bears.
Trading Strategy:
sell@63-62.5
TP:61-60
buy@60.0-60.5
TP:62-62.5
Accurate signals are shared every day.👇 👇 👇 Obtain signals👉👉👉
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Sharing of the Trading Strategy for Next WeekClick the link for accurate trading signals!
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t.me/+WfdRfmRRa7NiOWY0
t.me/+WfdRfmRRa7NiOWY0
Change your life starting from entering my Telegram channel!
t.me/+WfdRfmRRa7NiOWY0
Making profits will be as easy as breathing!
t.me/+WfdRfmRRa7NiOWY0
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/+WfdRfmRRa7NiOWY0
Change your life starting from entering my Telegram channel!
t.me/+WfdRfmRRa7NiOWY0
Making profits will be as easy as breathing!
t.me/+WfdRfmRRa7NiOWY0
t.me/+WfdRfmRRa7NiOWY0
Change your life starting from entering my Telegram channel!
t.me/+WfdRfmRRa7NiOWY0
Making profits will be as easy as breathing!
t.me/+WfdRfmRRa7NiOWY0
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.