Oil: Sell on highs and buy on lows
Updated
Yesterday, the market first fell, then rose and then fell again, continuing to break through new highs. In the short term, it will continue to fluctuate upward along the No. 1 upward trend line, but it is not ruled out that it will fall further and adjust to reach the No. 2 support level below. We can clearly see from the attached picture below When the CCI begins to move below the zero axis, it means that it will continue to adjust in the short term. The overall short-term direction remains unchanged. In the short term, we focus on the pressure level of the previous rebound high. It is expected that there is the possibility of a wave of adjustments. In the short term, in terms of operation We continue to sell the highs and buy the lows
oil:sell83.6-84.1
tp:83.1-82.6
sl:84.8
Note
Today's short-term market continues to use the middle rail as an important support and is close to yesterday's low. According to comprehensive analysis, today's short-term operation is recommended to sell on highs and buy on lows.Note
What oil has to do now is to wait. You can sell when the target point appears. Of course, you can also buy at a low level, but now is not the right point.Note
If the oil trend continues to decline like this, you can buy on dips.oil:buy80.8-81.3
tp:82.3-81.8
sl:80
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