Will crude oil continue to rebound strongly? Long or short?
Updated
In the crude oil market, due to the larger-than-expected decline in U.S. crude oil inventories and bullish expectations for Chinese demand, concerns that the Federal Reserve's more aggressive interest rate increases will slow economic growth and weaken oil consumption have limited the rebound in oil prices, so the crude oil market is still uncertain.
https://www.tradingview.com/x/2BdxfAPw/
Judging from the trend, the current crude oil has rebounded strongly in the short term after fluctuating at a low level, but it is not enough to change the daily shorting situation, indicating that the overall trend of crude oil at a large level is still weak.Although the short-term rebound is shown on the 2-hour level chart, the short-term rebound is quite strong, but the pressure is heavy above, and the short-term continuity is a problem. It may continue slightly, but it is difficult to say how much room there is to continue without breaking the low range for the time being.Short-term may be accompanied by resistance loops, the market has returned to operate within the weak range.
In terms of strategy, yesterday's thinking was also high-level shorting, but today's thinking is still high-level, supplemented by low-level long-selling.
Crude oil is shorted near 77.8-78, and the first target is near 75.5
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/2BdxfAPw/
Judging from the trend, the current crude oil has rebounded strongly in the short term after fluctuating at a low level, but it is not enough to change the daily shorting situation, indicating that the overall trend of crude oil at a large level is still weak.Although the short-term rebound is shown on the 2-hour level chart, the short-term rebound is quite strong, but the pressure is heavy above, and the short-term continuity is a problem. It may continue slightly, but it is difficult to say how much room there is to continue without breaking the low range for the time being.Short-term may be accompanied by resistance loops, the market has returned to operate within the weak range.
In terms of strategy, yesterday's thinking was also high-level shorting, but today's thinking is still high-level, supplemented by low-level long-selling.
Crude oil is shorted near 77.8-78, and the first target is near 75.5
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
Short orders near 77.8 for crude oil have produced good returns. Conservative friends can make a profit near 77.15, and radical friends can see appearances near 76.7.Trade active
Conservative friends can consider taking profits near 77.1Trade active
At present, crude oil has fallen sharply, and the short orders near 77.8 have reached the take profit level I expected. You can choose to take profit and leave the market.Trade closed: target reached
At present, crude oil has fallen sharply, and the short orders near 77.8 have reached the take profit level I expected. You can choose to take profit and leave the market.
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