Thursday: Crude Oil Market Analysis and Strategy

Oil prices rose in Asia on Thursday, with WTI oil prices hovering around 73.6. Disruptions in Libya's top oil fields heightened concerns that rising tensions in the Middle East could disrupt global oil supplies, and international crude oil prices climbed about 3%. The two crude oil benchmark prices closed higher for the first time in five days, with WTI crude oil rising the most since mid-November. Later on Thursday, U.S. ADP employment changes and weekly initial jobless claims will be released. Traders will take more clues from U.S. employment data on Friday, including non-farm payrolls, the unemployment rate and average hourly earnings due on Friday. The daily line of crude oil closed with the Zhongyang line with a long lower shadow, and there is a high possibility of stopping the decline in the short term. The 1-hour cycle has entered the early transaction intensive area, there is the possibility of a small cycle reversal, and there is a high probability of rising within the day. It is recommended to pay attention to the first-line support of $72.20 below.

Strategy reference: It is recommended to enter the market with long orders at 72.2-72.4

This is a plan ahead, more strategies are waiting for updates👇

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crude oil(USOIL):
SELL limit:73.95
❌sl:74.7
✅tp:72.8

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73.27, profit 70pips

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Sell signal is profitable, have you followed it?

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The signal shared in the morning hit TP72.8, thank you friends for paying attention

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Still falling

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Be cautious in trading before NFP release