Crude oil can lock in its own profits by doing this today

Crude oil: In the 1-hour trend of crude oil, a range is formed. Today's crude oil range can be sold high and bought low.

The price of oil was above $80/barrel, fluctuating for a period of time, and finally failed to hold it. Due to the stimulus of the news yesterday, coupled with the sharp decline in U.S. stocks and gold, the U.S. is expected to increase its oil production capacity in 2023. It will also increase by 700,000 barrels per day year-on-year. This is also the peak of U.S. crude oil production within 10 years. Oil prices are close to below 77, and the temporary decline has eased. But today, like gold, we have to adjust our thinking and follow the layout.


Strategy: Crude oil has two strategies today, sell high and buy low, go long near 77, stop loss 76.5, take profit 77.6-77.8, short near 78-78.3, stop loss 79, take profit 77-76.5


Like all traders, Miracle loves trading very much. We welcome your different opinions in the comment area.

Trade active:

Crude oil can maintain range operation. 77 bulls continue to hold the current profits.

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Crude oil bulls are working hard, patiently waiting for profits

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Crude oil today 77 bulls successfully took profit of the first transaction. The second trade 76.5 long can now be initiated. Target 77.5. Stop Loss 75.9

Trade active:

Crude oil 76.5 bulls can take profits

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Crude oil 76.5 bulls are very timely reminders. Successfully took profit at 77.3. This is the end of today's crude oil strategy. Tomorrow I will continue to share my trading strategy.