Global analysis of crude oil trade

Apr 17

Crude oil real-time market analysis: The resistance of crude oil in the morning on Wednesday was 85.6. As time went to the European market, it has now moved down to the 85.3 position. The 4-hour SAR extension point coincides with the MA30 moving average and is now at the 85.5 line. Tonight, it can be judged at the 85.5 position. Oil price strength and weakness. Technically, the three Bollinger Bands tracks are flat in the 4 hours, with the upper track at 86.5, the middle track at 85.5, and the lower track at 84.2. The idea at night is very simple. Let’s first look at the breakout situation in the 86.5-84 range. Considering that the API crude oil inventory data in the early morning is negative, for In the evening, the priority thinking of EIA data remains rebound and short selling.

Apr 17

Note

active trade

Apr 18

Note

Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday.
Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2. In terms of support, focus on the hourly upper and lower rails of 81.7, the 4-hour MA60 moving average supports the 80.8 line, and further focus on the 80 mark below as a defensive support point. Overall, crude oil prices are under pressure and have fallen below the Bollinger Band, with a downward breakthrough more likely.
It is recommended to go short on rallies