U.S. crude oil WTI futures prices closed higher on Thursday (September 19). While the Fed's rate cut is a boost to the economy, it also raises concerns about the state of the economy.
, analysts said the fed's rate cuts eased worries about a recession, soothed the concerns of the hit demand for energy, pushing prices higher.
West Texas Intermediate (WTI) for October delivery rose $1.04, or about 1.47%, to settle at $71.95 a barrel on the New York Mercantile Exchange.
Operation suggestion: The US oil daily line reached the highest position of 72.58 after the market rose and fell, the daily line finally closed in the 72.22 position after the market with a longer bare foot dayang line, and after the end of this form, the daily line double Yang clip Yin.
Trading strategy: long near 71.2, stop loss 70.6, target 72.2-74.
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