Expected to rise

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snapshot

International oil prices rose more than 2% on Monday amid widespread expectations that OPEC+ will announce further production cuts after a meeting of member states early next week. Traders are eyeing potential speculative buying in crude oil trading as global risk sentiment appears to be strengthening and optimism returns among financial institutions.

Crude oil continued its rebound trend and reached the pressure level, but was blocked and fell back. It is still falling back and adjusting. Since the bulls' main bottom-buying signals appeared continuously below, it has rebounded relatively slightly. At present, it should continue to fluctuate and adjust.

Crude oil will currently fluctuate in the range of 78.8-75.5.
Transaction en cours
Note
77.8
Note
Trade active
Transaction en cours
go long
Transaction en cours
73.79-75.8 Profit 20 pip
Transaction en cours
Transaction en cours
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