Due to positive data, the oil price continues to rise. Our long position took profit at 76.3. Currently, it seems that there is still momentum for oil to continue its upward trend, with the MACD indicator showing a second bullish crossover on the 2-hour chart. Resistance is near 78.5, so I believe we can continue to enter long positions with a trading strategy of entering around 76.3-75.8 and setting a profit target in the 78-79 range. If the oil price can break through the 79 level, the next target is around 80.8.
The market is following the expected trend, stay tuned.
Comment
⋅
The oil rose slightly after stepping back on the support, and the low point continued to move up. The trend is still relatively good
Comment
⋅
Liking, commenting, and subscribing are the greatest encouragement to me. Follow me to make trading easier! Also, welcome to check out my other ideas below.
Comment
⋅
The market is following the expected trend, stay tuned.