Crude oil latest trading strategy
Crude oil continues to sweep, and it is also a time cycle. The direction determined by the US market has the best continuity. It accelerates when it starts, and the range is around 25-30 US dollars.
The current price has formed a range similar to an open trumpet, with upper rail resistance 83.7-83.9 and lower rail support 79.0-78.8
So, for today's crude oil, we need to continue to pay attention to the opening range form and conduct sweeps. If the bottom touches the support 79.0-78.8 area, you can participate in a long order. Watch the price form a support to rise again and move around the range sweeps.
Referring to this idea, when the European market price is under pressure and falls below the low
Crude oil is long in the 79.1-78.9 area, with a stop loss of 78.4 and a target of 80.4-80.8
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