The price of WTI crude oil futures has risen slightly, and the market is currently in the process of bottom - building.
The price briefly broke through last week's high of $67.94, reaching an intraday high of $68.37 before pulling back. The market remains in a "sell - on - rally" mode.
After the higher opening, there is a probability that the crude oil price will stabilize at a lower level. For the subsequent trading strategy, short - selling is worth considering.
USOIL Trading Strategy:
Sell@67.7-68.3
TP:66-65
The price briefly broke through last week's high of $67.94, reaching an intraday high of $68.37 before pulling back. The market remains in a "sell - on - rally" mode.
After the higher opening, there is a probability that the crude oil price will stabilize at a lower level. For the subsequent trading strategy, short - selling is worth considering.
USOIL Trading Strategy:
Sell@67.7-68.3
TP:66-65
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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.