Oil prices have stopped falling, and the bulls are back?
Updated
Crude oil was suppressed by fundamentals and high pressure. Yesterday, the daily line fell all the way, and finally the daily line closed the negative line. Crude oil currently continues to maintain a wide range of oscillations on the daily line. The 4-hour level trend is also after a continuous decline. The current deviation rate is slightly too large, and the technical patterns on the small-cycle trend are also beginning to be gradually repaired, and there is a high probability that there will be some room for rebound and repair in the short-term trend.On the news side, short-term attention will be paid to Powell's further remarks and EIA data within the day.
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Operationally, crude oil is recommended to be short at 78.3, below the target of 76.6.
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USOIL
GOLDXAUUSD
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Operationally, crude oil is recommended to be short at 78.3, below the target of 76.6.
In order to facilitate you to continue to follow up on my analysis and sharing, you can like and follow me. In addition, you can enter my channel for free in the following ways to follow real-time views and operational strategies.
USOILGOLDXAUUSDTrade active
Crude oil rebounded and shorted, relatively safeTrade active
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The release of EIA data is conducive to the rise of crude oil, and crude oil has risen in response, reaching as high as the first-line position of 77.364. At present, it has fallen back, and the upward momentum is not very strong.
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