UnknownUnicorn64583787

Usoil:Observe whether to stop the decline

Short
TVC:USOIL   CFDs on WTI Crude Oil

The oil trend is obvious, and it continues to fall weakly, with the current lowest at 74.9

Although the oil is currently out of the downward channel, it has not confirmed whether it has reached a low point. Continue to observe the support near 73.8-74 below, and wait until the daily line stops falling or there is an upward signal to confirm.

Pay attention to the unilateral moving average suppression points of the daily cycle and the H4 cycle 78 and 76.5. Before this wave has obviously reached the bottom, you can wait for the rebound suppression point to take advantage of the trend to sell.

Mine share my thoughts every day, follow me, if my point of view is useful to you, please join me and like and comment
Trade active:
The oil has not risen to the resistance point. If you want to trade, if the oil does not fall below 75, you can try to buy in small batches and stop loss if it falls below 75.
Trade closed: target reached:
Oil did not break through 76.5, you can reduce your position to ensure profit
Trade active:
Oil broke through 76.5, the possibility of rising increases, observe the resistance point 77.3-78
Trade active:
Still a downward trend
Trade active:
Today's volatility has become smaller, you can wait for tomorrow to trade again
Trade active:
Fall again, observe the support of 74.9, if it falls below, the possibility of continuing to decline increases
Trade active:
Will it fall below 74.9 today?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.