Oil has been rising because of OPEC production cuts, but now all indicators show that it is currently overbought.
There is limited room for growth now, so we are now shorting oil.
However, overbought will not reverse immediately and will last for a period of time.
But we can try the medium-term goal, the target point: about 86.
Short-term trading advice:
USoil:Sell:90.6-91.3
TP1:89.6
TP2:89.2
TP3:88.2
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If you want to trade in the medium term, you need enough funds
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It's falling, congratulations to my friend
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As long as you follow my strategy, you can have a nice weekend
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TP1
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TP2
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Opportunity comes again
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Maintain profit
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In the long run, oil will definitely fall, but it will not reverse directly.
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It may rise again tomorrow. Everyone should do a good job of position management and wait for it to fall.
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Oil can't keep rising
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The strategy is still effective, but the position needs to be controlled
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Getting closer and closer to our medium-term goals