U.S. crude oil WTI futures prices closed higher on Tuesday (November 5). News that the Organization of the Petroleum Exporting Countries and its Allies (OPEC+) have delayed production increases continued to support oil prices.
Traders are also keeping a close eye on the ongoing U.S. presidential election.
West Texas Intermediate (WTI) for December delivery rose 52 cents, or 0.73%, to settle at $71.47 a barrel on the New York Mercantile Exchange.
Operation suggestion: The lowest daily line to the 71.5 position after the market pulled up, the highest daily line reached the position of 72.87 after the market rose and fell, the daily line finally closed in the 72.19 position, the daily line with a long inverted hammer head shape closed, and such a shape ended.
Trading strategy: long near 71.8, stop loss 71.3, target 72.9-74.
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