Daily Oil vs. Dollar trend prediction for 2024.02.26

(Based on technical analysis) 
You can also view the daily prediction in the Forexer5 software.

Date: Tuesday, 2024.02.26

Trend prediction: Bearish

Sell position rate proposal: 75.70
Stop loss rate proposal: 76.40
Initial target: 75.00
Secondary target: 74.20

Consider adjusting the stop loss to the entry point upon reaching the initial target price.

Important capital management note:
After selecting the maximum risk limit (considering a 5% of account balance as the maximum risk limit proposal), it is recommended to divide the desired risk limit at different levels and only trade with a portion of the maximum risk at one level.

Disclaimer:
The above recommendations are provided for general information purposes only and should not be considered as investment advice. Users acknowledge that they have sufficient experience and knowledge before using these recommendations to enter financial markets and are familiar with the risks involved in these markets.