Oil has been rising because of OPEC production cuts, but now all indicators show that it is currently overbought.
There is limited room for growth now, so we are now shorting oil.
However, overbought will not reverse immediately and will last for a period of time.
But we can try the medium-term goal, the target point: about 86.
Short-term trading advice:
USoil:Sell:90.6-91.3
TP1:89.6
TP2:89.2
TP3:88.2
If my thoughts are helpful to you, please like and subscribe
Kommentera:
If you want to trade in the medium term, you need enough funds
Kommentera:
It's falling, congratulations to my friend
Kommentera:
As long as you follow my strategy, you can have a nice weekend
Kommentera:
TP1
Kommentera:
TP2
Kommentera:
Opportunity comes again
Kommentera:
Maintain profit
Kommentera:
In the long run, oil will definitely fall, but it will not reverse directly.
Kommentera:
It may rise again tomorrow. Everyone should do a good job of position management and wait for it to fall.
Kommentera:
Oil can't keep rising
Kommentera:
The strategy is still effective, but the position needs to be controlled
Kommentera:
Getting closer and closer to our medium-term goals