Consider initiating a buy position for Usoil at the current market price of 8198.8. Establish multiple take-profit targets to optimize potential gains: firstly at 8260.7, secondly at 8290.6, then at 8380.1, and finally at 8490.1. Diversifying your profit-taking strategy across various price levels can help capture gains at different market conditions. It's essential to mitigate downside risks by setting a stop loss at 8020.8, safeguarding your investment against unexpected market fluctuations. Remember to regularly monitor market movements and adjust your trading plan accordingly to maximize potential profits and minimize losses. Developing a disciplined approach to trading can enhance your chances of success in the volatile oil market.
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hit on 82.37
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The trade on US oil at 8198 suggests an upward trend in the market. As US oil prices hit 8310, it indicates potential momentum in the market. This upward movement could be influenced by various factors such as supply and demand dynamics, geopolitical events, or changes in economic indicators. Traders may be monitoring these developments closely to capitalize on opportunities presented by the fluctuating oil market.