Crude oil has been in a sustained downtrend after peaking above $100 and has now hit a critical support level. The price is expected to drop to around $70.
Crude oil prices are projected to trade steadily within the $80–$90 range for the whole year. Therefore, prices below $70 present ideal buying opportunities, and long-term holdings can yield satisfactory profits.
Crude Oil Trading Strategy:
USOIL Buy @ 69–70
TP: 75–78
All analyses and strategies are for reference only. I will keep updating the latest strategies for everyone. Always stay alert to trading risks in the market.
Crude oil prices are projected to trade steadily within the $80–$90 range for the whole year. Therefore, prices below $70 present ideal buying opportunities, and long-term holdings can yield satisfactory profits.
Crude Oil Trading Strategy:
USOIL Buy @ 69–70
TP: 75–78
All analyses and strategies are for reference only. I will keep updating the latest strategies for everyone. Always stay alert to trading risks in the market.
Trade active
buy@70-72Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.