From the perspective of the daily chart of crude oil, the moving average system in the medium-term trend is arranged downward, indicating that the objective direction of the medium-term trend is downward. After the oil price reached a low of 55.20, there have been frequent alternations between bullish and bearish forces. In the medium term, the bearish momentum is being accumulated, and it is expected that the price will further decline to the 50 mark in the later stage.
In the short term (1-hour chart), the crude oil price has been fluctuating within a narrow range for three trading days at the position of the right shoulder of the embryonic head-and-shoulders bottom pattern, and the proportion between the left and right shoulders is gradually becoming unbalanced. During the correction rhythm in recent days, the volatility of the oil price has gradually narrowed, and the market is waiting for the direction of the breakout. It is expected that there is a relatively high probability of a slight upward movement of crude oil within the day.
USOIL
buy@60.5-61
tp:61.5-62.5
Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
In the short term (1-hour chart), the crude oil price has been fluctuating within a narrow range for three trading days at the position of the right shoulder of the embryonic head-and-shoulders bottom pattern, and the proportion between the left and right shoulders is gradually becoming unbalanced. During the correction rhythm in recent days, the volatility of the oil price has gradually narrowed, and the market is waiting for the direction of the breakout. It is expected that there is a relatively high probability of a slight upward movement of crude oil within the day.
USOIL
buy@60.5-61
tp:61.5-62.5
Investment itself doesn't carry risks; it's only when investment is out of control that risks arise. When trading, always remember not to act on impulse. I will share trading signals every day. All the signals have been accurate without any mistakes for a whole month. No matter what gains or losses you've had in the past, with my help, you have the hope of achieving a breakthrough in your investment.
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We share at least 3 - 5 free signals every day, with a monthly return of 300% - 500%. If you want to get accurate signals every day.Click the link to enter my Telegram channel.
t.me/+IFqHodtrHds0MDk0
t.me/+IFqHodtrHds0MDk0
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.