The crude oil is currently trading around 74.8, with some support visible on the 4-hour chart. In the short term, there is upward momentum observed on the 1-hour chart. As a trading strategy, one can go long near 74.8 and target 76.3, with the possibility of further upside if the resistance at 76.3 is breached. If unable to break through, a short position can be considered at 76.3. I will keep you updated in due course.
Short-term trading strategy: Go long near 74.8 with a target of 76.3.
CRUDEOIL1!
Trade active
Comment:
The market is following the expected trend, stay tuned.
Comment:
Our long position in crude oil at 74.8 has now reached around 76, those who are conservative can choose to take profit, while those who are more aggressive can hold onto some of their positions and wait for the profit target at 76.3.
Comment:
Crude oil has reached the profit-taking level of 76.3. All positions have been exited with profits taken, awaiting the next opportunity.
Trade closed: target reached
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A new position has been opened. Stay tuned and feel free to check for updates.
