Real-time analysis of crude oil market:
The 1-hour and 4-hour Bollinger bands of crude oil close simultaneously. As long as the shape does not change, there will be little room for large ups and downs. Just treat it as a shock. In terms of resistance, pay attention to yesterday's high of 62.7. The 4-hour MA60 moving average moves down to 62.8. If it breaks upward, look at last week's high of 63.8. For the upper part, refer to the two suppression nodes of the weekly MA5 moving average of 64.7 and 65.2. In terms of support, pay attention to the 60.9 line where the 1-hour Bollinger band lower track and the 4-hour Bollinger band middle track overlap. Secondly, pay attention to the 60 mark. If it breaks downward, it is expected to accelerate the downward trend. The low support refers to the 4-hour Bollinger band lower track of 59.1 and 57.8. Overall, the price of crude oil has not escaped the downward trend, and the high point of the rebound is also moving downward. It is recommended to short at highs and go long at lows.
Crude oil strategy:
1. Go short when the rebound reaches the 62.5-62.8 area, stop loss 63.3, target 61.2-60,
2. Go long when the retracement reaches the 61-60.5 area, stop loss 60, target 61.8-62.8,
3. Alternative strategy: Place short orders in batches at highs of 64.5 and 65.5, stop loss 66.2, target 62-60, hold at 57 when it breaks;
Trading is risky, specific details are subject to real-time.
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✔Copy accurate trading signals✔Manage accounts🎁Stable profit of more than 210.8% per week🎁Success rate is as high as 98.55%, real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.