Usoil:Trend suggestion

16 oct. 2023

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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17 oct. 2023

Note

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.

17 oct. 2023

Transaction en cours

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.

17 oct. 2023

Note

It is still around 86.45. If the European market does not fall below, you can try to buy.

17 oct. 2023

Note

Just arrived at 87, TP1

17 oct. 2023

Note

86.4 Nearby support

17 oct. 2023

Note

If you trade, you are now profitable

17 oct. 2023

Note

Today, it received support near 86.4 for the last time in a row.

18 oct. 2023

Transaction en cours

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