U.S. crude oil WTI futures closed down slightly on Wednesday (November 6). Investors are weighing the strong dollar against the possible impact of Trump's foreign policy on global oil supplies.
Some analysts say people are overreacting to the election results. Trump's victory could lead to some kind of glut in oil drilling in the United States.
West Texas Intermediate (WTI) for December delivery fell 30 cents, or 0.42%, to settle at $71.69 a barrel on the New York Mercantile Exchange.
Operation suggestion: The US oil daily line to the lowest position of 69.92 after the market strong pull up, the daily line reached the highest position of 72.83 after the market fell, the daily line finally closed in the 72.02 position after the market with a shadow line extremely long open star form closed, and such a form ended.
Trading strategy: short near 72.5, stop loss 73, target 71.6-71.
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