Crude oil market analysis:
Crude oil is too weak. The reason why it keeps falling is that the situation in the Middle East has eased. For the future crude oil, we consider continuing to sell it after a rebound. Crude oil is unlikely to rise significantly. It will either fall to the previous range of shocks to repair or start a unilateral sharp drop. The pattern shows that there is a new small suppression near 68.90 for crude oil. It may be difficult to rebound today. If there is a small suppression, you can go in directly.
Fundamental analysis:
This week is a data week, and there is a holiday on Friday. Because of the holiday on Friday, the non-agricultural data will be released on Thursday in advance.
Operation suggestions:
Crude oil ----- Sell near 68.60, target 65.00-63.00
Crude oil is too weak. The reason why it keeps falling is that the situation in the Middle East has eased. For the future crude oil, we consider continuing to sell it after a rebound. Crude oil is unlikely to rise significantly. It will either fall to the previous range of shocks to repair or start a unilateral sharp drop. The pattern shows that there is a new small suppression near 68.90 for crude oil. It may be difficult to rebound today. If there is a small suppression, you can go in directly.
Fundamental analysis:
This week is a data week, and there is a holiday on Friday. Because of the holiday on Friday, the non-agricultural data will be released on Thursday in advance.
Operation suggestions:
Crude oil ----- Sell near 68.60, target 65.00-63.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.