Oil prices can still be shorted at around 77 to make a profit.

25 Tem

https://www.tradingview.com/x/37WPCib8/
The overall trend of oil shows the closing stage of the arc top. There are still some opportunities for decline to short the oil price to make a profit.


I am EDDY. Senior Financial Analysis Consultant.
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I have been observing investors in the market for a while. I can't bear to see some people in the market continue to lose money because they don't know how to trade. So I plan to continue to share my operating ideas for a while for your reference.

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25 Tem

İşlem aktif

I don't know your trading habits. Is it more aggressive? Or more stable. Let me explain it here. If you are aggressive, you can consider shorting USOIL near 76.7. Stable friends can consider shorting above 77. I will explain in advance. When I trade, the trading range is above 15-20 US dollars. If you don't want to make a big profit while taking some risks, you need to trade cautiously.

25 Tem

İşlem aktif

The price of oil has risen a bit. The current trend is still mainly falling. The current price is around 77.2. Steady traders can go short at the current price. At the same time, investors who have gone short before can add a sell order.

25 Tem

İşlem aktif

After adding a sell order at a high level, oil has seen some small corrections. About 0.4 pips. For conservative or aggressive investors, there are some small profits.

25 Tem

İşlem aktif

Oil prices have shown some rebound trends after touching the position near 76. The current price is around 77.82. Operationally, there are still some floating losses in the current short-selling orders. I have modified the current order stop loss to 78.3. This position is a small pressure point in the short term. It is expected that the short-term rebound will only stay around this position. And the oil price will fall when it approaches this position. If the oil price continues to rise, I will also close the order in time when the stop loss line is touched.

25 Tem

İşlem aktif

Just caught a piece of news. An oil field in an Arab country caught fire. The oil field will stop production due to the incident. This is good news for oil prices. It is the main reason for this rise.