USOIL: Intraday crude oil analysis, is the retracement an opport
Updated
The overall trend of crude oil was strong yesterday, and it was a slow rise. Although the volatility is not large, the trend is obvious. A hammer line is charged on the daily line, and the price is running above the moving average. As long as the MA10 is not broken, the oil price will continue to strengthen.
So the overall idea today is to look at the strength above 70, but since the bottom retracement point is at 69.7, then if we synthesize it within the day, the strength above 69.6 will remain unchanged.
The bullish point focuses on the upward trend of 70~70.2, the lower point is 69.6, and the target is above 71.4 (personal opinion, not as an actual operation signal)
So the overall idea today is to look at the strength above 70, but since the bottom retracement point is at 69.7, then if we synthesize it within the day, the strength above 69.6 will remain unchanged.
The bullish point focuses on the upward trend of 70~70.2, the lower point is 69.6, and the target is above 71.4 (personal opinion, not as an actual operation signal)
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Successfully rose to 72 and as I expected, successfully shorted at 72 and fellTrade active
I have TP Close see you tmoTrade active
There are a lot of data today, so focus on the ADP employment numbers, initial jobless claims and EIA crude oil data that will be released later. Friends who hold positions pay attention to risk control. Gold will be affected by the data later, and the volatility is estimated to be between 1900 and 1940. The pressure above crude oil is at 72.6. If you have the opportunity to make a profit of more than 60pips after shorting within a day, you can choose to leave the marketTrade active
Welcome everyone to witness my signal, today's target profit is 200pipsTrade active
I will short crude oil around 74, it will rise due to the news, and it is expected that there will be a pullback at the resistance level. In the short term, I will look at 73
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