Global analysis of crude oil trade
Updated
Crude oil prices fell as markets trimmed geopolitical risk premiums on concerns about escalating tensions between Iran and Israel, ANZ Bank said in a note on Thursday.
Crude oil prices plummeted to the 82.5 line in the early morning. For Thursday's white market, the market's intuitive performance is short. Intraday rebound resistance can focus on 83.2-83.7-84.2. In terms of support, focus on the hourly upper and lower rails of 81.7, the 4-hour MA60 moving average supports the 80.8 line, and further focus on the 80 mark below as a defensive support point. Overall, crude oil prices are under pressure and have fallen below the Bollinger Band, with a downward breakthrough more likely.
It is recommended to go short on rallies
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