If oil is above 80, it is still an upward trend. The lowest oil price yesterday was around 80.8, and the current range is about 80-83.5
Published API data showed that U.S. crude oil inventories fell by 1.52 million barrels in the past week, slightly higher than market expectations. Separately, the American Petroleum Institute reported that Cushing crude oil inventories increased by 325 million barrels. In terms of refined oil products, gasoline inventories decreased by 1.57 million barrels, while distillate inventories increased by 0.5 million barrels.
You can still buy near the support point and control your position reasonably
Following my strategy, your success rate will be greatly increased and trading will be simpler
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Are you following?
Trade active:
Buy at the support point and start making profits
Trade active:
There are many opportunities to buy and there are many opportunities to make profits.
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As long as you follow my strategy, you can make a profit
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I will continue to analyze next week. As long as it does not fall below 80, oil will continue to rise.
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War expands again, pay attention to impact on oil
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Heading towards my goal, 82.5-83
Trade closed: target reached:
TP
Trade active
Trade active:
Today we need to observe whether oil can break through 82.5. Only a breakthrough can open up room for growth.
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Profitable again today
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Will it break through 82.5 today?
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Buying at support points can make good profits
Trade closed: target reached
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It was just announced that the EIA crude oil inventory in the United States for the week to March 22 was 3,165,000 barrels, and the EIA Cushing, Oklahoma, crude oil inventory in the United States for the week to March 22 was 2,107,000 barrels. These data are not conducive to oil prices.
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Oil surged to around 82.48 on Monday and around 82.36 on Tuesday. It failed to break through 82.5 twice. The highest today is 81.6. The high point is now gradually falling. You should pay attention to this market. Cyclicality does not mean absolute strength. Pay attention to adjustments. space. Judging from the disk performance, the daily cycle closed at a high level and the moving averages are glued together. This wave of adjustment may need to fall first, and first look at the strength of the 80 support.
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As I imagined, it cannot break through 82.5, and the high point gradually decreases. Join me and improve your success rate.
Comment:
Can we break 82.5-83 today? If there is no breakthrough, it is still in the 80-83 range in the near future
