The market is weighing the impact of global trade tensions on the global crude oil demand outlook. After two days of intense consultations in London, the Asian giant and the U.S. have reached a framework agreement on restarting trade talks. U.S. Commerce Secretary Howard Lutnick said after the negotiations that the framework still needs review and approval from President Trump. Crude oil continued to rise after a pullback correction, showing a single bearish candlestick retracement pattern on the daily chart. With price supported at the MA5 level, it continues to make new highs, and this rally could target the 67.0 level.
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@64.0-64.5
TP:66.5-67.0
Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
Trading Strategy:
buy@64.0-64.5
TP:66.5-67.0
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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.