Market tension is greater than the impact of the dollar

Expectations of tighter crude oil supply and an uncertain economic outlook have caused demand concerns. At the same time, crude oil continues to be hit by the double blow of the appreciation of the US dollar and expectations of interest rate hikes, and the impact of a rapid tightening of supply is offset by market investors' low risk appetite for higher interest rates in the long term.

Oil prices in Asia rose to 91.5. The subsequent trend will rebound and then rise slowly.
The overall market is bullish.

Trade active:

Awaiting a break above resistance at 92.43

Trade active:

Yesterday I said crude oil was trading in a range of 89.5-91.5. At 90.5 I talked about a pullback down, but it backfired. We need to stop losses in time, open new orders and make profits

Trade closed: target reached

Comment:

The total profit from the 3 orders was US$5,121

Trade closed: target reached:

95.03