OIL: Summary of discussions in the wwg community (23:00:10 ~ 00:00:10)

avatar
WWG
03-31
This article is machine translated
Show original

1. Current Recommended Direction This week, "OIL" performed strongly, refusing to continue its decline as seen in the previous three weeks. The futures market opened with a significant upward move, and each touch of the $100 mark showed a significant reaction, suggesting that the upward momentum may have been overextended in the short term. It is recommended to focus on tentative entry points, paying close attention to the resistance at the $100 level, and being wary of a rapid pullback after the rebound. 2. Position and Risk Management Recommendations It is recommended to enter with a small position, closely observing the performance at the $100 level. If a breakout is confirmed, positions can be gradually added. The stop-loss is recommended to be set below the recent low, and the take-profit should be based on the pullback resistance level near $100. Given the unusually strong performance this week, it is advisable to maintain flexible position adjustments and avoid over-leveraging. 3. Suitable Trading Style Suitable for aggressive short-term trading, seizing the opportunity of the futures market's opening surge, quick in and quick out, avoiding prolonged positions. Focus on utilizing the rebound window at the $100 level to exit positions. Suitable for trend investors based on short-term technical analysis and key price levels.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments