Shocking analysis of USOIL

I thought USOIL would develop in this direction before, and my judgment was proved to be completely correct. .

The current USOIL price is $72.24. The three lines of the KDJ indicator line are glued together, indicating that the oil price trend is volatile. The MACD indicator line closes in the weak zone, which also indicates that the oil price trend is volatile.

Fundamental analysis shows that Brazil has joined OPEC but is not binding in terms of production cuts. In addition, last week, US crude oil inventories increased. During the same period, US gasoline depots increased and distillate inventories decreased. The increase in inventories has brought certain pressure on oil prices. In addition, due to the possibility of easing the geopolitical situation between Russia and Ukraine, this will reduce the market's concerns about crude oil supply interruptions, thereby exerting certain downward pressure on oil prices.

Combined with the above analysis, David believes that shorting can be done on the current basis.

sell：72.2
Tp:71.2
Tp:70
Sl:72.8

Set up a closing position in advance and control risks

Traders who are still on the sidelines or don’t know when to trade can continue to pay attention and I will lead you into groundbreaking breakthroughs. USOIL USOIL USOIL