Crude oil rebounded strongly, opening the way to rise?
Updated
At present, it is in the process of rebounding after a volatile decline, and the short-term trend is relatively volatile. On the one hand, oil prices have initially bottomed out, which is a bit like a sign of inverted V reversal; on the other hand, oil prices seem to be undergoing a correction after breaking the level and falling.At present, the short-term rebound is relatively strong, but before regaining 72.4, it is still necessary to beware of the possibility of oil prices returning to the downward trend. If the 72.4 position can be recovered, it will be determined that the V-shaped reversal is established and increase the bullish signal in the future.If oil prices are delayed in regaining the 72.4 position, there is a technical need for a secondary bottoming demand, which will increase the short-term bearish signal.
https://www.tradingview.com/x/brN2FlFx/
In the short-term treatment, the bottom pays attention to the support of the 69-70 line, and the top pays attention to the resistance at the 72.4 position.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
https://www.tradingview.com/x/brN2FlFx/
In the short-term treatment, the bottom pays attention to the support of the 69-70 line, and the top pays attention to the resistance at the 72.4 position.
In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
Trade active
I notified on the channel that the sell order for crude oil that touched the vicinity of 72 for the first time has begun to make a profit. Crude oil rebounded to 71.63, and now the market has fallen back to 70.77.Trade active
Trade active
The original has fallen to the 70 line, and our empty orders have already made a substantial profitNote
At present, crude oil has fallen below the 70 line, and our short orders near 72 have already reaped good profits. Those who are stable can choose to make a profit and leave the marketNote
Crude oil is currently at the support position, creating favorable conditions for our next trading plan
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