The decline in crude is supported,ushering in short-term bulls
Updated
Roman Roland once said that people often feel that the stage of preparation is a waste of time. Only when the real opportunity comes and they are unable to grasp it, can they realize that their usual lack of preparation is a waste of time.
https://www.tradingview.com/x/39DpNbWi/
Recently, it is mainly due to people's concerns about the global economy that have dragged down oil prices. However, the current market worries have eased, and oil prices bottomed out overnight, and there are some opportunities for short-term oil prices to rebound and adjust.In addition, from the trend point of view, after crude oil got rid of the downward channel, it bottomed out yesterday and rebounded to a stabilizing signal, indicating that the previous stage of the decline is almost over, and it is currently entering the cycle of shock and rebound.
In the short-term treatment, the lower support is near 67.9, and the initial pressure above is near 69.8.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
https://www.tradingview.com/x/39DpNbWi/
Recently, it is mainly due to people's concerns about the global economy that have dragged down oil prices. However, the current market worries have eased, and oil prices bottomed out overnight, and there are some opportunities for short-term oil prices to rebound and adjust.In addition, from the trend point of view, after crude oil got rid of the downward channel, it bottomed out yesterday and rebounded to a stabilizing signal, indicating that the previous stage of the decline is almost over, and it is currently entering the cycle of shock and rebound.
In the short-term treatment, the lower support is near 67.9, and the initial pressure above is near 69.8.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Trade active
If the oil price rebounds, you can choose to enter the market with an empty order around 69.8Trade active
At present, crude oil has rebounded in the short term, but the pressure above is strong and the upward momentum is insufficient. You can choose to enter the market with a short order near 69.6--69.8Trade active
Crude oil is starting to fallTrade active
Patiently waiting for crude oil to fallTrade active
Crude oil is fluctuating within a narrow range, but it has not broken through 69.8, and short orders around 69.6-69.8 can continue to be heldTrade active
The profit target is placed around 67.9--68
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