Crude Oil Hunter

Crude Oil Hunter #20250217

The 100-day moving average is moving downward, showing strong bearish momentum like gold :1st_place_medal:, but before breaking the key previous low support of 70, the view of oversold rebound in oil prices :oil_drum: is still maintained. The trading strategy is mainly based on small stop loss and buying on dips.

:white_check_mark:Trading strategy: (mean reversion) Buy on dips above 70.25
:white_check_mark:Resistance reference: 71-71.15
:white_check_mark:Support reference: 70.25-70.5; 70 (break stop loss)

:arrow_right:USWTI 30-minute chart :us::oil_drum:

Crude Oil Hunter #20250224

The 100-day moving average remains downward, and the price is in a box-shaped oscillation range. The bearish momentum on the news side is very significant, but the oil price :oil_drum: is temporarily blocked at the 70 integer mark. The short-term trading strategy should focus on whether it can break down. Once it breaks through, look down to the key support of 68.

:white_check_mark:Trading strategy: (Trend following) Break through the 70 mark and then go short
:white_check_mark:Resistance reference: 71
:white_check_mark:Support reference: 70; 68

:arrow_right:USWTI 4-hour chart :us::oil_drum:

i love this analysis, its amazing