Oil prices fell and then rose on Monday after Israel reduced its military presence in southern Gaza and began a new round of ceasefire talks with Hamas. The largest intraday drop was more than 2%. However, losses in European and U.S. stock markets narrowed sharply after the close as ceasefire negotiations reached an impasse. , concerns about tight supply still linger. The overall trend of crude oil is still bullish, and the callback will be mainly bullish at low levels.
as the picture shows;
Strategy suggestion: buy crude oil price around 85.4-86, SL around 84.8, and TP around 88-90.
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