Crude oil experienced a short-term correction as Russian government-ordered curbs on oil production and attacks on Russian and Ukrainian energy infrastructure offset U.N. demands for a ceasefire in Gaza. The bullish signal given yesterday was also in line with expectations. You can still continue to go long after today's correction.
As shown in the chart, yesterday's first target level can turn into support.
Strategy suggestion: Crude oil can be long near 81.7, SL81.2, TP82.8-83
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