Oil has been rising last week due to the Israeli-Palestinian conflict, and today it reached a peak near 88.3 for a pullback.
This week, we still look at it from the perspective of rising. From the hourly line, the support point of oil is near 86.45.
Judging from the daily line, the important boundary point is 85.3
Trading advice:
Oil:buy1:86-86.45 TP:87-88
buy2:85.3-85.8 TP:86.45-87 SL:85
You can also rely on the vicinity of 87.7-88.3 to sell, but you need to strictly set the stop loss.
Keep an eye on news from the Middle East, which will have an impact on oil trends.
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Comment:
At present, the lowest has fallen to around 86.48 and the highest has risen to 87.1. If you buy, you have already started to make money.
Trade active:
Now it has fallen to near 86.45 again, and you need to observe whether you get secondary support before you can decide whether to buy.
Comment:
It is still around 86.45. If the European market does not fall below, you can try to buy.
Comment:
Just arrived at 87, TP1
Comment:
86.4 Nearby support
Comment:
If you trade, you are now profitable
Comment:
Today, it received support near 86.4 for the last time in a row.
Trade active:
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