USOIL: The pullback provides a buying opportunity, Buy@78.3

Crude oil began to rise sharply yesterday as geopolitical conflicts intensified and the situation in the Middle East became tense again.

Both API and EIA reserves are negative this week, which is another good signal for crude oil. The upside of gold continues to expand with the support of data and geopolitical conflicts.

At present, MACD is in the positive zone, and the overall momentum is dominated by multiple parties. There is a greater opportunity to follow the trend and be bullish. The trading volume below is inactive in the short term, and the market's bearish sentiment is sluggish. There is a high probability that bulls will launch another attack after the adjustment.

Combining multiple aspects, I think the current callback is a good opportunity to buy directly near 78.3 and set 3 TPs, respectively 79/79.5/80

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تعليق:

OIL reaches TP1:79

تعليق:

OIL reaches TP1:79 TP2:79.5

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