USOIL: Trend analysis and operational suggestions
So far, our USOIL signal continues to maintain a 100% winning rate, and we are preparing to make another layout today.
The decline in international crude oil prices in the past two days has been mainly affected by sluggish demand. Although the peak summer travel period has arrived, fuel demand has not increased significantly. It is reported that the OPEC+ meeting in early June may decide to maintain the current level of production cuts.
From the 1-hour line, oil prices fell back after rising to $80 on Monday. At present, oil prices are running between the middle and lower rails of the Bollinger Bands, and the KDJ indicator has formed a golden cross. The MACD indicator has also formed a golden cross, and the green energy column has gradually begun to increase in volume.
In view of the relatively small fluctuations in the current trend of crude oil, it is difficult to continue regardless of the rise or fall, and the space is limited. Therefore, before there is no good news, do not be overly bearish or overly bullish.
For intraday operations, you can refer to the 77.5-78 area for buying, and the target is the 79.4-79.8 area.
Focus on the release of EIA data
The decline in international crude oil prices in the past two days has been mainly affected by sluggish demand. Although the peak summer travel period has arrived, fuel demand has not increased significantly. It is reported that the OPEC+ meeting in early June may decide to maintain the current level of production cuts.
From the 1-hour line, oil prices fell back after rising to $80 on Monday. At present, oil prices are running between the middle and lower rails of the Bollinger Bands, and the KDJ indicator has formed a golden cross. The MACD indicator has also formed a golden cross, and the green energy column has gradually begun to increase in volume.
In view of the relatively small fluctuations in the current trend of crude oil, it is difficult to continue regardless of the rise or fall, and the space is limited. Therefore, before there is no good news, do not be overly bearish or overly bullish.
For intraday operations, you can refer to the 77.5-78 area for buying, and the target is the 79.4-79.8 area.
Focus on the release of EIA data
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✅If you are a newbie or are losing money, you join me and I will guide you to profitable trading!
🟢Free signal channels:
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🔴My contact:
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