Senior Institutional Manager at AUS GLOBAL | Forex & Crypto trading | IB's and Investment Corporates | Account Manage

The price of WTI crude oil futures in the United States closed up 1.9% on Thursday (August 29), rebounding after two consecutive trading days of declines, and re-standing at the $75 per barrel mark. Markets continue to assess the extent of disruptions to Libyan crude production. According to estimates by Rapidan Energy, an oil industry consultancy, Libya's shutdown will total 900,000 to 1 million barrels per day and will last for several weeks. West Texas Intermediate (WTI) for October delivery rose $1.39, or 1.87%, to settle at $75.91 a barrel on the New York Mercantile Exchange. The futures had fallen for two consecutive sessions. Operation suggestion: The US oil daily line to the lowest to 74.74 position after the market strong pull up, the daily line reached the highest position of 77.6 after the market fell in the end, the daily line finally closed in 76.7 position after the market with a very long dayang line closed, and after such a form ends, the daily line Yang Bao Yin. Trading strategy: long near 75.5, stop loss 75, target 76.5-77.7.

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