OIL: Descending channel, sell on highs
Updated
Crude Oil Technical Analysis
Daily resistance is 79.7-83.6, support below is 76.8-75
Four-hour resistance is 78.6-79.7, support below is 76.8
Crude oil operation suggestions:
Last Friday, the overall oil price fell under pressure from the 79.9 mark. The overall price appeared to be suppressed and encountered resistance at the 79.9 mark. There is still room for decline in the short term. Today, the upper resistance will focus on the hourly top-bottom transition level around 79-78.8. The intraday rebound will rely on this position to continue to be bearish. . The lower target level still focuses on new lows, and the short-term weak short-term dividing line focuses on the 79.7 mark. Before the daily level reaches this position, continue to maintain high price short selling.
SELL:78.8near SL:79.1
SELL:79.7near SL:80.0
Technical analysis only provides trading direction!
Daily resistance is 79.7-83.6, support below is 76.8-75
Four-hour resistance is 78.6-79.7, support below is 76.8
Crude oil operation suggestions:
Last Friday, the overall oil price fell under pressure from the 79.9 mark. The overall price appeared to be suppressed and encountered resistance at the 79.9 mark. There is still room for decline in the short term. Today, the upper resistance will focus on the hourly top-bottom transition level around 79-78.8. The intraday rebound will rely on this position to continue to be bearish. . The lower target level still focuses on new lows, and the short-term weak short-term dividing line focuses on the 79.7 mark. Before the daily level reaches this position, continue to maintain high price short selling.
SELL:78.8near SL:79.1
SELL:79.7near SL:80.0
Technical analysis only provides trading direction!
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Note
Crude Oil Technical AnalysisDaily resistance is 79.6-83.4, support below is 76.8-75
Four-hour resistance is 79.6, support below is 76.8
Crude oil operation suggestions:
Yesterday, crude oil stabilized at the 78 mark and ushered in a volatile upward recovery. The U.S. market accelerated and broke through the 79.4 line, fell back and closed with shock. The overall price continued the recent trend of consolidating in a wide range of long and short shocks. There is not much continuity in the long and short trends. Today The support below will focus on the vicinity of 78.6-78.4. If it falls below, continue to short. The upper resistance is focused on the 79.7-79.9 mark. Before the daily level breaks through and stands at this position, the rebound shorting rhythm will continue to remain unchanged.
SELL:78.3near SL:78.60
SELL:79.6near SL:80
Technical analysis only provides trading direction!
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Crude oil plummets to make profits, today’s short selling idea is correctTrade active
CPI wishes everyone good luck tomorrow. There is a lot of news, so please trade with caution.Trade active
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Crude Oil Technical AnalysisDaily resistance is 79-81, support below is 76.8-75
Four-hour resistance is 79-80, support below is 78.3-76.8
Crude oil operation suggestions: Crude oil fell first and then rose yesterday, and initially stabilized, but whether it can reverse and stabilize the bottom shape depends on the rebound space in the market outlook. At present, the small cycle has initially stopped falling. If the daily line is above 76.70, you can try to see the bottom rebound and continue the rise.
The overall price fell back downwards and broke through the 77 mark, ushering in a deep V rebound and returning to the long and short wide range of shocks. Today, the lower support continues to focus on the 78-77.8 area of the neck position of yesterday's hourly line. During the day, the price will fall back and rely on this position to continue to be bullish first. , the short-term pressure above focuses on the 79.6-80 area, and temporarily relies on this range to maintain selling high and buying low. Once the daily line breaks through the 79 mark and stands firm, it can be expected to rise sharply.
BUY:78.3near SL:78.00
BUY:79.0near SL:78.70
BUY:79.6near SL:79.30
Technical analysis only provides trading direction!
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Note
78.7 now ,Crude oil signal BUY78.3 profit 40pips, protect your profitsNote
Crude oil analysis is correct, running more than 60pipsTrade active
Crude oil profit exceeds 100pips, now as long as it stays above 79, we can continue to be bullish
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