⛽ Fundamentals:Geopolitical conflicts in the Middle East persist, supporting oil prices on supply concerns. However, prices have risen excessively in the short term; IEA oil reserves release adds downward pressure, increasing the risk of a pullback from high levels with extreme volatility.
📉 Price has retraced to the psychological level of 100, with intense long-short competition. Strong support lies at 96; upside resistance is at 103.0
🎯 Trading strategy: prioritize short positions on rebounds.
Entry: Light short positions between 101.2–103.0
SL: 104.5
TP: 97.5-96.0
💡The previous signal has achieved profitability.Follow me for more consistent trading strategies.
📉 Price has retraced to the psychological level of 100, with intense long-short competition. Strong support lies at 96; upside resistance is at 103.0
🎯 Trading strategy: prioritize short positions on rebounds.
Entry: Light short positions between 101.2–103.0
SL: 104.5
TP: 97.5-96.0
💡The previous signal has achieved profitability.Follow me for more consistent trading strategies.
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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.