Crude oil under pressure 80.3 return range
Updated
Crude oil technical analysis
Daily resistance 79.2-83.4, support below 77.5
Four-hour resistance 79.2-80, support below 78.5
✅Crude oil operation suggestions: Crude oil fell back after reaching a high yesterday. It failed to continue its strong performance after breaking through 80.0. The small negative line retreated and showed signs of seeking support at a lower level. In a strong market, the price usually falls back on the same day. Yesterday, it fell back and closed at a low level, which made the short-term bulls not strong. It still returned to a volatile trend. Be careful of today's rapid rise to repair the decline.
The overall price continued to fall back after encountering resistance above the 80 mark. The short-term daily level continued the rhythm of long and short wide fluctuations. Today's upper resistance focuses on the opening of yesterday's hourly line near 80.3-80.5, and the lower support focuses on the 78.5 line. During the day, keep selling high and buying low according to this range.
BUY:79.2 near SL:79.00
BUY:78.5 near SL:78.00
The crude oil brokers' quotations are different, only for reference of trading direction
Daily resistance 79.2-83.4, support below 77.5
Four-hour resistance 79.2-80, support below 78.5
✅Crude oil operation suggestions: Crude oil fell back after reaching a high yesterday. It failed to continue its strong performance after breaking through 80.0. The small negative line retreated and showed signs of seeking support at a lower level. In a strong market, the price usually falls back on the same day. Yesterday, it fell back and closed at a low level, which made the short-term bulls not strong. It still returned to a volatile trend. Be careful of today's rapid rise to repair the decline.
The overall price continued to fall back after encountering resistance above the 80 mark. The short-term daily level continued the rhythm of long and short wide fluctuations. Today's upper resistance focuses on the opening of yesterday's hourly line near 80.3-80.5, and the lower support focuses on the 78.5 line. During the day, keep selling high and buying low according to this range.
BUY:79.2 near SL:79.00
BUY:78.5 near SL:78.00
The crude oil brokers' quotations are different, only for reference of trading direction
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