HectorBrown1

USOIL: Today's analysis and strategy

Long
HectorBrown1 Updated   
TVC:USOIL   CFDs on WTI Crude Oil
The recent Opec + meeting was postponed to November 30, and the market doubted whether oil producers could persist in extending production cuts, combined with the recent weak performance of US economic data, and the marginal weakness at both ends of supply and demand is not conducive to higher oil prices.
Opec + meeting at the end of the month will become the focus of the oil market, the market wait-and-see mood is relatively strong, before Opec + announced a new production policy, oil prices or maintain shock adjustment. The overall trend of crude oil yesterday was a bit of a roller coaster, how much people caught off guard, the daily k line closed high and fell to shock the cross k, the overall price was briefly supported to stabilize at the 74 mark, but the current daily level is still suppressed running in the recent bearish weak line below the 77 mark showing low suppression shock, The recent daily level did not break through and stood on the 77 line before continuing to maintain the reverse pumping main empty rhythm unchanged. Be careful not to overdo it.
Strategy reference: High probability scenario: bullish above 74.5, target 76.2-77.0, low probability scenario: bearish below 74.5, target 73.8-72.5.
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Trade active:
75.05
Trade active:
75.58
Trade active:
76.17
Trade active:
76.9
Trade active:
76.4
Trade active:
76.58
Trade active:
76.74
Trade active:
77.7
Trade active:
75.92

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