Crude oil continues to be shorted at high prices
Updated
Crude Oil Technical Analysis
Daily resistance is 79.6-83.4, support below is 76.8
Four-hour resistance is 79.6-80, support below is 78-76.8
Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days.
The short-term resistance above today continues to focus on the vicinity of 79.6. The rebound relies on this position to continue to be bearish and the target continues to be new lows. The short-term oil price long-short dividing line focuses on the 80.5 mark. Any counterattack before the daily level does not break through and stand at this position is Short opportunities and keep trading with the trend.
SELL:79.6 near SL:80.00
SELL:83.4 near SL:83.80
SELL:79.0 near SL:79.40
Technical analysis only provides trading direction!
Daily resistance is 79.6-83.4, support below is 76.8
Four-hour resistance is 79.6-80, support below is 78-76.8
Crude oil operation suggestions: Shorts dominate the daily chart, and the trend of suppressing shorts and oscillating downwards has been formed for 6 consecutive trading days.
The short-term resistance above today continues to focus on the vicinity of 79.6. The rebound relies on this position to continue to be bearish and the target continues to be new lows. The short-term oil price long-short dividing line focuses on the 80.5 mark. Any counterattack before the daily level does not break through and stand at this position is Short opportunities and keep trading with the trend.
SELL:79.6 near SL:80.00
SELL:83.4 near SL:83.80
SELL:79.0 near SL:79.40
Technical analysis only provides trading direction!
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Crude Oil Technical AnalysisDaily resistance is 79.6-83.4, support below is 76.8
Four-hour resistance is 79.6-80, support below is 78-76.8
Crude oil operation suggestions:
The short-term resistance above today continues to focus on around 79.6. Today’s rebound relies on this position to continue shorting. The target below continues to look at new lows. The short-term oil price long-short dividing line is 80.5. Any rebound before the daily level breaks through and stands at this position is a short-selling opportunity. , continue to trade with the trend.
SELL:79.6 near SL:80.00
SELL:83.4 near SL:83.80
SELL:79.0 near SL:79.40
Technical analysis only provides trading direction!
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The free signal SELL79 shared by Oil has made a profit of 70pips, I hope everyone can make a profitTrade active
Crude Oil Technical AnalysisDaily resistance is 79.6-83.4, support below is 76.8-75
Four-hour resistance is 78.35-79, support below is 76.8-75
✅Crude oil operation suggestions:
The strategy SELL79 shared yesterday has fallen by 200pips so far!
Judging from the current trend analysis, the short-term outlook is still to suppress shocks and declines. Today, the lower support will focus on around 77.0, and the upper pressure will focus on the 79.0 area. If it breaks 76.8, it can look towards 75. The short-term long-short strength dividing line still focuses on the 79 integer mark. Before the daily level breaks through and stands at this position, continue to watch for suppressed shocks and declines.
SELL: 79.0near SL: 79.30
BUY: 75.0near SL: 74.70
Technical analysis only provides trading direction!
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✅SELL79 Crude Oil Runs 30pips Profit, Protect Your Profits, Free Crude Oil Signals Make Profit every dayTrade active
Thursday 9/5Crude oil technical analysis
Daily resistance is 79.6-83.4, support below is 76.8-75
Four-hour resistance is 80-81, support below is 78.3-79.6
Crude oil operation suggestions:
The overall price showed a support and stabilization form at the 77 mark, and the short-term price returned to the long-short shock range. Today, the lower support focuses on the vicinity of 78-77.8, and the upper pressure focuses on the 80 integer mark. During the day, rely on this range to sell high and buy low. The short-term bullish strong dividing line focuses on the 80 integer mark. Breaking through the daily level and standing at this position is expected to completely turn into a bullish trend. Let's first see the market continue to rebound and rise today.
SELL: 83.4near SL: 83.60
BUY:79.5near SL:79.1
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Friday 10/5Crude Oil Technical Analysis
Daily resistance is 79.6-83.4, support below is 76.8-75
Four-hour resistance is 80-81, support below is 78.3-79.6
✅Crude oil recommendation: Crude oil dipped to 79 for the second time in the US market yesterday and stabilized. The overall price fluctuated around the 79 mark repeatedly. Short-term pressure is still focused on around 80.5-80.7, while the lower support is around 78.7-78.5. Continue to sell high and buy low according to this range during the day, and crude oil is still in the rhythm of repeated long and short fluctuations.
Let’s first look at continuing the upward trend and going long.
SELL:83.4near SL:83.60
BUY:79.6near SL:79.20
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