Yesterday (March 10), oil prices changed significantly. The previous day (March 9), due to the escalation of the situation in the Middle East, oil prices surged to $120 per barrel, but then experienced a dramatic "high-altitude dive," falling back to around $76. Currently, the market is digesting this extreme volatility, with intense competition between bulls and bears causing technical signals to become ineffective to some extent, and the trend has shifted to high-level wide-range fluctuations.
Currently, the market is mainly pulled by two forces: geopolitics (the Strait of Hormuz crisis) and technical repair.
Conservative entry point: Wait for the price to retrace to the $83.00-$83.50 area (yesterday's low and support zone) and show signs of bottoming out before entering the market.
Key resistance zone: 89-90.8
Special reminder: The current market volatility is extremely high. Any news regarding the situation in the Middle East (especially shipping in the Strait of Hormuz) could cause prices to break through the above technical levels instantly. It is essential to control position size and strictly set stop-loss orders.
We welcome all traders to share their opinions and let's discuss them together.
USOIL USOIL USOIL $TRADU:USOIL USOIL
Currently, the market is mainly pulled by two forces: geopolitics (the Strait of Hormuz crisis) and technical repair.
Conservative entry point: Wait for the price to retrace to the $83.00-$83.50 area (yesterday's low and support zone) and show signs of bottoming out before entering the market.
Key resistance zone: 89-90.8
Special reminder: The current market volatility is extremely high. Any news regarding the situation in the Middle East (especially shipping in the Strait of Hormuz) could cause prices to break through the above technical levels instantly. It is essential to control position size and strictly set stop-loss orders.
We welcome all traders to share their opinions and let's discuss them together.
USOIL USOIL USOIL $TRADU:USOIL USOIL Trade attivo
After retracing to the support level, it immediately rebounded, once again aligning with my analysis. Real-time strategies act as a navigator on your investment journey, guiding the direction and providing insights into opportunities. Every market fluctuation validates the depth and accuracy of our analysis. Those who persist in rational judgment and are adept at capturing signals will eventually reap their rewards over time.Trade chiuso: obiettivo raggiunto
The market trend once again aligned with my analysis. The strategy was publicly shared online, and you are welcome to verify it. We have once again reaped considerable profits.Real-time strategies act as a navigator on your investment journey, guiding the way and providing insights into opportunities. Every market fluctuation validates the depth and accuracy of our analysis. Those who persist in rational judgment and are adept at capturing signals will eventually reap their rewards over time.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.