Krause_Philipp

Crude oil trading strategy

Krause_Philipp Updated   
TVC:USOIL   CFDs on WTI Crude Oil

Through the analysis of the hourly chart of crude oil, we know that the last trading day first fell, then rose and then fell. The pressure that reached the middle track of the Bollinger Band above was blocked and fell back. We can clearly see from the picture below that the main bulls continued to intervene in the bottom area of the market. , in the short term, there is currently a top-bottom-raising movement, which is very likely to break through the suppression of the middle track of the upper Bollinger Bands with heavy volume. In the short-term below, we focus on the support of the upward trend line. In terms of operation, we continue to think high, low and long, focusing on going long on dips. Specific suggestions are as follows:
Crude oil buy84.20/83.20 TP 85.5-85.8
Crude oil SELL 85.8/87.5 TP 83.5-84.5
Trade active
Trade active:
Accurate and perfect oil trading signals
Trade active
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.