Crude oil trend analysis
Updated
Crude oil showed a bottom-out trend on Wednesday. The low point stabilized and rose at the 81.0 level, and the highest point put pressure on $81.8. The daily trend chart of crude oil shows that the big positive line has risen again, breaking through the previous day's cross star high, and the bulls have been extended; from the short-term trend, the Bollinger Bands opened downward, and after the oil price touched the 77.5 level for the second time, Oil prices are operating in an upward trend. After the oil price above encountered resistance and retreated at the 84.7 line, the oil price faced adjustment, with the neckline at 81.7-82.0 US dollars. After further breakthrough, crude oil bulls will test the previous high. In the upward trend of crude oil shocks, 80.3 is the watershed between long and short trends. The upper part focuses on the resistance of 82.0-83.0 US dollars, and the lower part focuses on the support of 80.3-81.
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