Crude oil rose to a new high, with twists and turns in the middl

Jun 5, 2023

Over the weekend, OPEC decided to cut oil production, which made the market worry about whether the supply side will affect the global economic recovery. At the same time, oil prices also showed a gap and opened higher this morning. At present, they have pierced the previous platform high but the action of rushing up and falling back has also come to an end. Appearance, indicating that after a quick wash here, it is more conducive to the bulls to advance downward, so today we wait for the opportunity of low bulls after the fall. For crude oil operation, it is recommended to buy at 72.70, stop loss at 72.20, and target 74~75.

Although the daily line of crude oil has risen and fallen this morning, the fundamentals of the rise have not changed, so we continue to be bullish.
The intraday pressure is 74~75, and the support is 72.70~72.15.

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