Gold_Digger_King

Easily make money for you with crude oil trend analysis

Long
FX:USOIL   CFDs on Crude Oil (WTI)

Crude oil prices fell back from highs and will bottom out and rebound
From yesterday to today, the overall trend of crude oil fell back after rising, with $80.5 as the resistance level and $77.6 as the support level.
The U.S. Department of Energy announced the purchase of approximately 3 million barrels of oil for delivery in September to replenish the Strategic Petroleum Reserve;
Attacks by the Houthi armed forces in the Red Sea region have also blocked oil shipments and disrupted tanker activities;
EIA report: The four-week average supply of U.S. crude oil products was 19.499 million barrels per day, a decrease of 1.25% from the same period last year;
Combining the above data and events, I believe that the current crude oil price will fluctuate around $77.8 and then show an upward trend.

Recommendation: Go long around $78

TP:79.5
SL:77

Listen to my signal and advocate seeking victory in stability and not making rash advances.
Comments welcome

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