Analysis of today's crude oil market trend

16 May 2023

After digesting the expectations of the decline in energy demand due to the US recession, the market is now turning to OPCE+ again to continue to reduce production. Crude oil also continued to decline again. After the last trading day, it went out of a small pullback. The current low point has gradually moved up to the 70 mark. Operationally, it is better not to chase orders too much. Just pay attention to the opportunities for high selling and low absorption in some ranges. At the same time, pay attention to the time cycle trend of crude oil, and the white market fluctuated and fell, especially after the European market to the US market, and then the US market began to rebound after the market!


Today's crude oil trading advice

usoil:sell@72.2-72.4 tp:71-70

usoil:buy@69.8 tp:71

The transaction success rate exceeds 80% and the return rate exceeds 300%, keeping up with my trading signals.

16 May 2023

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