USOIL: $73 is a Key Level
Crude oil has initiated an upward trend after forming support at the bottom. However, considering the 4-hour chart, the overall trend for crude oil remains bearish. This week, it is crucial to monitor whether $73 will experience a valid breakthrough.
In the short term, attention is focused on the resistance at $73. If a valid breakthrough occurs, it is advisable to follow the trend and go long, with the target set at $74.5-$75.
On the downside, support is noted at $71.5. If the $73 resistance proves effective, attempting a short position is suggested. Downside targets include $72-$71.5, and holding the position can be continued if there is a sustained downward breakthrough.
For those interested in trading, consider going short near $73 with a small position. Trading plan: USOIL sell @ 72.8-73, SL: 73.5, TP: 72-71.5.
I will be sending daily market analyses at 6-7 AM European time. Join me as soon as possible to receive daily trading signals. The current accuracy rate is 98%, so don't miss out on profitable opportunities. If you find my analysis helpful, please like and leave a comment. Thank you for your support!
Transaction en cours
Crude oil has exceeded $73, and you need to start following the trend and go long
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.