Yesterday, crude oil prices peaked and then witnessed a sharp decline, directly plunging through the upward gap that opened at the beginning of the week.
The current market situation is at the initial stage of a downtrend. It is projected that after rebounding to the range of 67.00 - 67.80, the downward movement will resume. Moreover, the strength of today's rebound indicates relatively feeble upward momentum, and market sentiment leans towards caution.
Consequently, today's trading strategy will mainly focus on shorting on rebounds. Traders should wait for the market to rebound to key resistance levels before entering the market.
USOIL Trading Strategy:
Sell@67.7-68.3
TP:66-65
I always firmly believe that profit is the sole criterion for measuring strength. I will share accurate trading signals every day. Follow my lead and wealth will surely come rolling in. Click on my profile for your guide.
The current market situation is at the initial stage of a downtrend. It is projected that after rebounding to the range of 67.00 - 67.80, the downward movement will resume. Moreover, the strength of today's rebound indicates relatively feeble upward momentum, and market sentiment leans towards caution.
Consequently, today's trading strategy will mainly focus on shorting on rebounds. Traders should wait for the market to rebound to key resistance levels before entering the market.
USOIL Trading Strategy:
Sell@67.7-68.3
TP:66-65
I always firmly believe that profit is the sole criterion for measuring strength. I will share accurate trading signals every day. Follow my lead and wealth will surely come rolling in. Click on my profile for your guide.
Change your life starting from entering my Telegram channel. Making profits will be as easy as breathing. Click the link to enter now!
t.me/+NO9R61oxqPs2Yjg8
t.me/+NO9R61oxqPs2Yjg8
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.
Change your life starting from entering my Telegram channel. Making profits will be as easy as breathing. Click the link to enter now!
t.me/+NO9R61oxqPs2Yjg8
t.me/+NO9R61oxqPs2Yjg8
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.