ActuaryJ

Crude oil unilaterally rises, step back and go long today9/8

ActuaryJ Updated   
TVC:USOIL   CFDs on WTI Crude Oil
​Daily level, rising unilaterally; oil prices have continued to rise since the end of June, and are currently encountering strong resistance near the April high of 83.51. They have risen and held for two consecutive trading days, and closed close to the "cross star" K line on Monday, further reflecting the upper resistance Stronger, the short-term faces greater callback pressure, and even the risk of peaking. After the MACD diverges from the high level, there is a dead cross trend. The KDJ dead cross signal continues. The initial support below is around the 10-day moving average 81.14, and then the support near the 80 integer mark , The strong support is near the 21-day moving average of 78.5988, and the support at the low point last week is also near this position. If this support is lost, it will increase the bearish signal in the market outlook. The initial resistance above is around the intraday high of 82.47. If it can break through this position, it will weaken the short-term bearish signal; if it can break through the resistance around 83.51 strongly, you need to beware of the short-term rapid pull up of the market after the short-term is stopped. For resistance, refer to the position near the low of 84.70 on November 10. On the whole, the short-term operation of crude oil today is recommended to step back on the low and buy, and rebound and short for caution.


Crude oil operation strategy:
Rebound to 83.2-83.5 short, stop loss 83.9, near TP81.8.

Step back to 81-81.3 to do more, stop loss 80.5, near TP82.5.
Trade active:
The price difference between tradingview USOIL and WTIUSD today is too large, wait for USOIL to reach 83.4~83.7 to short
Trade active:
Crude oil arrives at the specified position SELL:83.5~83.6, start shorting
Trade active

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