USOIL-Trend Analysis

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Oil, yesterday's lowest point was around 77.55, and the highest point was around 80. The main reason for yesterday's rise was the strike in Brazil and the closure of pipelines in Ecuador due to weather, which reduced a total of 450,000 barrels/day.

Oil encountered resistance at 80 yesterday and rebounded from 72.4. The current high resistance is 80.6. According to my opinion, oil may continue to rise to around 81-82, but my view is still short.

According to the current trend of oil, I think it will break through 80.6 and reach a certain range before continuing to fall. Therefore, you can buy around 78.5-79 today, set SL, and control your position.

The general direction is to wait for oil to break through 80.6, and then place a sell order according to the market. My long-term target price is still 72-70

The above strategies are for your reference, but the market changes quickly, and you need to change your strategies in real time according to the trend, so that your success rate will increase.

I will analyze the trend and strategy of gold every day, follow me and join me

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Let’s see if 80.6 can be broken?

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Just like I thought, when it reaches 81, you can gradually sell between 81-82

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