After U.S. President Donald Trump announced tariffs and the OPEC+ decided to increase oil production, concerns about the demand outlook intensified, leading to a significant decline in crude oil prices on Thursday.
The short-term trend of crude oil has dropped sharply, with all the gains since mid-March being given back. The oil price has touched a low near 66. The moving average system diverges downward, and objectively, the short-term trend direction is downward. The bearish momentum is abundant. It is expected that after a minor adjustment at a low level in the intraday trading, the short-term trend of crude oil will mainly continue to move downward.
Trading Strategy:
buy@67.5-68
TP:66-65.5
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!
The short-term trend of crude oil has dropped sharply, with all the gains since mid-March being given back. The oil price has touched a low near 66. The moving average system diverges downward, and objectively, the short-term trend direction is downward. The bearish momentum is abundant. It is expected that after a minor adjustment at a low level in the intraday trading, the short-term trend of crude oil will mainly continue to move downward.
Trading Strategy:
buy@67.5-68
TP:66-65.5
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!
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.
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.