USOIL: Pulled back after rising intraday

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The short-term trend of crude oil continued to rise slightly but was once again blocked near $63.5 and fell. The oil price broke below the moving average system, which turned downward and formed a bearish arrangement, indicating that the objective short-term trend direction has shifted from upward to downward. In early trading, the oil price fluctuated narrowly near $61, showing an overall secondary rhythm. The MACD indicator is opening downward below the zero axis, with strong bearish momentum. It is expected that there is a risk of continued downward movement in crude oil prices during the day.

USOIL
sell@62.5-63
tp:61.5-61

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