Crude Oil: Ideas and Solutions
Updated
Crude oil market trend analysis:
Crude oil is still in a volatile state, with a bearish close this week but the body of the candlestick did not break through the support level. Therefore, a bullish close is not ruled out next week, and a long position with a bias towards the downside can be considered. The weekly support is around 75.6, with resistance around 80, and it is possible to consider a long position with a high short. On the daily chart, the price stabilized and rose on Friday, with a long upper shadow and a bullish close, suggesting a bias towards an initial rise at the beginning of next week. Support is around 76.1, and there is a long and short division within the day. If it does not break, a long position can be established first. If the market is volatile, there may be an opportunity to long around 75.3, with the first target above 77.4.
Methods to resolve long and short positions:
For investors with high-priced long or short positions, they can use rebound market trends to resolve their positions or reduce positions at a high level. Once the market changes, stop-loss positions should be established and positions should be reversed to compensate for losses.
For investors with mid-priced long or short positions, they can temporarily observe and not rush to cut positions. If there are opportunities in the market, they can reduce positions appropriately, add positions based on trends combined with technical analysis, and compensate for losses.
For investors with low-priced long or short positions, they can use the market downturn to resolve their positions or reduce positions at a low level. Once the market changes, stop-loss positions should be established and positions should be reversed to compensate for losses.
For friends who have positions in the market, since I do not know the specific details of your position, it is difficult to provide corresponding strategies to resolve your positions.
If you need to resolve your problem, you can enter a personal free channel for further information.
Crude oil is still in a volatile state, with a bearish close this week but the body of the candlestick did not break through the support level. Therefore, a bullish close is not ruled out next week, and a long position with a bias towards the downside can be considered. The weekly support is around 75.6, with resistance around 80, and it is possible to consider a long position with a high short. On the daily chart, the price stabilized and rose on Friday, with a long upper shadow and a bullish close, suggesting a bias towards an initial rise at the beginning of next week. Support is around 76.1, and there is a long and short division within the day. If it does not break, a long position can be established first. If the market is volatile, there may be an opportunity to long around 75.3, with the first target above 77.4.
Methods to resolve long and short positions:
For investors with high-priced long or short positions, they can use rebound market trends to resolve their positions or reduce positions at a high level. Once the market changes, stop-loss positions should be established and positions should be reversed to compensate for losses.
For investors with mid-priced long or short positions, they can temporarily observe and not rush to cut positions. If there are opportunities in the market, they can reduce positions appropriately, add positions based on trends combined with technical analysis, and compensate for losses.
For investors with low-priced long or short positions, they can use the market downturn to resolve their positions or reduce positions at a low level. Once the market changes, stop-loss positions should be established and positions should be reversed to compensate for losses.
For friends who have positions in the market, since I do not know the specific details of your position, it is difficult to provide corresponding strategies to resolve your positions.
If you need to resolve your problem, you can enter a personal free channel for further information.
Note
The general direction remains unchangedNote
The general direction of oil is bullish, pay attention to the fluctuations in the middle
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