TradingView
FlashTrades_
Mar 1, 2023 4:11 PM

USOIL is shorted at 77.6 Short

WTI CRUDE OILTVC

Description



USOIL released the EIA data half an hour ago, which showed bearish news for USOIL. However, the market saw an uptrend mainly due to the fact that the data, although higher than expected, was lower than the previous value, which is actually bullish for USOIL. This rebound was also within expectations.

However, after the data release, the market is expected to return to the trend. Therefore, it is recommended to short USOIL on rallies.

Trading suggestion: short at 77.5, take profit at 76.2 and 75.5, stop loss at 78.2.

I have in-depth research on futures products such as cryptocurrencies, forex, stocks, gold, and crude oil. I also provide regular updates on trading strategies. Thank you for your attention and likes. If you have any questions, please leave me a message, and I will give the most reliable advice to help you.

Trade active

USOIL is shorted at 77.6 Now

Trade closed: target reached

Oil plummets, pay attention to stop profit
Comments
TheCryptagon
Thank you for your work! i can see the bullish trend is not over yet. Have a glance at our viewpoint:
TradingBrokersView
Very professional piece of work! Get a grasp of our content below:
Leo-btm
nice job
JoeChampion
I agree on USOIL downsides!
InvestingScope
Noted, thank you!
cristian_cricri
strong bull run
More