Oil: Sell on highs and buy on lows
Updated
Yesterday, the market surged higher and fell back to continue the downward trend. In the evening, it stopped falling and rebounded at 80.30. It is currently running at 80.90. In the short term, the upper limit is still suppressed by the downward trend line. There is currently the possibility of further falling and adjustment, although it has been for 2 consecutive trading days. When the market falls back and adjusts, the positions of the main bulls have not decreased, but the main short positions have decreased, indicating that this wave of fallback adjustment is a washout and short-selling behavior. The market is more likely to continue to break upward, but it is not ruled out that it will continue to fall unexpectedly and reach the strong support below 80.00. In the short term, We sell on highs and buy on lows
oil:sell 81.6-82.1
tp:81.1-80.6
sl:82.8
Note
The short-term trend of crude oil (1H) fluctuated and hit new lows, testing the 80 support. The moving average system is arranged in a short position, and the short-term objective trend is downward. Oil prices hit around 80.70, forming a certain recurrence, and their upward strength is relatively weak. It is expected that crude oil will remain volatile in the short term during the day, with the main downward trend.Note
Crude oil has shown a downward trend under pressure. Focus on the first-line resistance of 82.0-82.5 at the top and the first-line support of 80.0-79.5 at the bottom.Note
Crude oil has been maintaining a volatile upward pattern recently, with the highest reaching around the 84 mark and successfully stabilizing the 80 mark, indicating a relatively high bullish sentiment. The continuous positive rise of crude oil on the daily line has once again opened up the upper track space of Bollinger, and the MA5-MA10 moving average maintains the trend of golden cross. However, there is currently a callback, and the long order position has been successfully assigned to 81. The short position rebounded near 82 in the evening.Note
Oil begins an upward trend and can be sold as soon as the strategic trading point range is reached.Note
Crude oil bulls are basically sentenced to death, and the current operation rebounds to 81.5 points to sell
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