Crude Oil Analysis Today
Crude oil tested high yesterday and fell back. First, the inertia rushed above 85.3 and was under pressure. The European and American markets oscillated and backtested and corrected. Finally, the daily line harvested the Xiaoyin K line. After the daily yang line turned to the small yin K line for correction, the current space is enough to form the top, which is only regarded as a partial callback correction. The upward trend is slowing down, and after the correction, it will regain its momentum to rise again, but it will become volatile in the short term, changing from a strong rise to a slow rise in shock. Today's weekly line ends. Pay attention to the rhythm of the short-term, it should be to step back first, then start to stabilize and slowly recover the lost ground. The 4-hour chart is in a partial correction in the rising wave, and the indicators in the attached picture are in the overbought area to be digested.
At present, the whole is running above the upward trend line, and today's short-term may step back to confirm the support of the upward trend line. The European and American markets started to rebound again. The support points are mainly concentrated at 82-81.5. There is still a certain distance at present, and of course strong corrections may not reach it. At present, it is necessary to wait for the magnitude of the correction. The main idea is to maintain the low and many positions after the backtest, but the long position should be rearranged according to the intraday pattern. After all, there has been a partial correction in the small cycle. Coupled with the closing of the week, the short-term may enter a volatile ending. In terms of operation, it is subject to the market, and the tentative thinking is to wait for the step back and then go long.
Crude oil operation strategy: SELL84.1-84.5 short, stop loss 60pips, target below 83.
Crude oil operation strategy: step back to more than 81.6-82, stop loss 60pips, target above 83.5.
The current crude oil spread is large, stop loss friends and the entry position can be set to 60pips
At present, the whole is running above the upward trend line, and today's short-term may step back to confirm the support of the upward trend line. The European and American markets started to rebound again. The support points are mainly concentrated at 82-81.5. There is still a certain distance at present, and of course strong corrections may not reach it. At present, it is necessary to wait for the magnitude of the correction. The main idea is to maintain the low and many positions after the backtest, but the long position should be rearranged according to the intraday pattern. After all, there has been a partial correction in the small cycle. Coupled with the closing of the week, the short-term may enter a volatile ending. In terms of operation, it is subject to the market, and the tentative thinking is to wait for the step back and then go long.
Crude oil operation strategy: SELL84.1-84.5 short, stop loss 60pips, target below 83.
Crude oil operation strategy: step back to more than 81.6-82, stop loss 60pips, target above 83.5.
The current crude oil spread is large, stop loss friends and the entry position can be set to 60pips
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