Crude oil market analysis:
Recently, crude oil has fallen along the daily line, and selling has begun to decline, and there is no sign of rebound. Today, it is possible to continue selling after a small rebound. Crude oil is obviously bearish. We don’t speculate on the bottom or the trend. We need to follow it. If there is no fundamental support, it will be difficult for crude oil to reach the previous high again. Crude oil still reflects the situation in the Middle East very clearly. Today, focus on selling around 66.90.
Fundamental analysis:
Previous fundamentals were mostly caused by geopolitical factors. Recently, there is no geopolitical influence. Gold and crude oil are expected to enter a wave of declines, and the Fed’s policy may continue to remain unchanged.
Operational suggestions:
Crude oil-----sell near 66.90, target 65.00-62.00
Recently, crude oil has fallen along the daily line, and selling has begun to decline, and there is no sign of rebound. Today, it is possible to continue selling after a small rebound. Crude oil is obviously bearish. We don’t speculate on the bottom or the trend. We need to follow it. If there is no fundamental support, it will be difficult for crude oil to reach the previous high again. Crude oil still reflects the situation in the Middle East very clearly. Today, focus on selling around 66.90.
Fundamental analysis:
Previous fundamentals were mostly caused by geopolitical factors. Recently, there is no geopolitical influence. Gold and crude oil are expected to enter a wave of declines, and the Fed’s policy may continue to remain unchanged.
Operational suggestions:
Crude oil-----sell near 66.90, target 65.00-62.00
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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.