The decline in U.S. crude oil inventories and the suspension of exports from the Kurdistan region of Iraq have supported the upward trend in oil prices, overshadowing the smaller-than-expected pressure on Russia's supply cuts.At the same time, five OPEC+ representatives said that the alliance may stick to the existing oil production reduction agreement at Monday's meeting.
On the technical side, WTI crude oil fluctuated and fell after the opening of the market, and slowly recovered after reaching a minimum of 73.74. The current price is trading near 74.7. Although crude oil is currently facing strong technical pressure, which has led to a small decline in the current situation, but the short-term upward structure has still not been effectively destroyed, so it can maintain a low bullish pattern in the short term.
Short-term trading reference:
1.Buy crude oil near the 73.7 position, stop loss level 73.3, take profit level 75.2
2.Try to sell crude oil in small batches near 75.3, with a stop loss level of 75.6 and a take profit level of 74.3
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
On the technical side, WTI crude oil fluctuated and fell after the opening of the market, and slowly recovered after reaching a minimum of 73.74. The current price is trading near 74.7. Although crude oil is currently facing strong technical pressure, which has led to a small decline in the current situation, but the short-term upward structure has still not been effectively destroyed, so it can maintain a low bullish pattern in the short term.
Short-term trading reference:
1.Buy crude oil near the 73.7 position, stop loss level 73.3, take profit level 75.2
2.Try to sell crude oil in small batches near 75.3, with a stop loss level of 75.6 and a take profit level of 74.3
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Trade active:
I have sold crude oil in batches around 75.1, 75.58 and 75.631, and now I am patiently waiting for the profit time
Comment:
At present, crude oil sold in batches has already made substantial profits