USOIL Trade Update
📢 
USOIL Trade Update
Hey Traders!
Following recent fundamental and technical developments, we’re seeing strong bullish momentum on Crude Oil.
🔹 Fundamentals:
Trump's new tariffs are driving market sentiment, pushing oil prices higher.
Despite last week’s excess supply from the US oil stock inventory, Crude held strong at $72 and failed to close below the 38.2% Fib level, signaling strong buy pressure.
🔹 Technicals:
The descending channel breakout confirms a bullish reversal.
This rally was triggered by the tariff remarks, and if more tariffs are imposed, we could see Crude pushing towards $80+ in the coming weeks.
🎯 Plan of Action:
We’ll be looking for buy/long positions on market open (Monday), ahead of the next Crude Oil inventory report. Regardless of the report outcome, momentum suggests higher prices for the black gold.
📊 Stay ready, and trade smarter! 🚀
USOIL Trade UpdateHey Traders!
Following recent fundamental and technical developments, we’re seeing strong bullish momentum on Crude Oil.
🔹 Fundamentals:
Trump's new tariffs are driving market sentiment, pushing oil prices higher.
Despite last week’s excess supply from the US oil stock inventory, Crude held strong at $72 and failed to close below the 38.2% Fib level, signaling strong buy pressure.
🔹 Technicals:
The descending channel breakout confirms a bullish reversal.
This rally was triggered by the tariff remarks, and if more tariffs are imposed, we could see Crude pushing towards $80+ in the coming weeks.
🎯 Plan of Action:
We’ll be looking for buy/long positions on market open (Monday), ahead of the next Crude Oil inventory report. Regardless of the report outcome, momentum suggests higher prices for the black gold.
📊 Stay ready, and trade smarter! 🚀
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.