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CFDs on WTI Crude Oil
Long

Crude oil trade analysis

By Jerome-Leon
Updated
snapshot
The overall trend of crude oil hit the bottom yesterday, and the rebound did not break after testing 80.7 for the second time. It's still going strong. A positive hammer line collected on the daily chart. A close like this meant the market would rebound, and it has now. The key pressure level is 83.6. As long as the market does not break here, the market will continue to fluctuate at a low level. If it breaks through and stands firm, you can rest assured to be bearish and buy up. Friends who are stable can wait patiently after breaking through 83.6 and then buy up when approaching 82. Continue to watch for a breakthrough of 83.6 above!
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Candlestick AnalysiscrudecrudeoilanalysiscrudeoilforecastSupport and ResistanceTrend Analysis
Jerome-Leon
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