USOIL: Trend Analysis and Trading Strategies
Updated
Crude oil technical analysis
Daily resistance 83.4, support below 79
Four-hour resistance 81, support below 81.3-80
Crude oil operation suggestions: Last Friday, the overall oil price fell first and then rose, breaking through the 82.7 mark, and then fell back and bottomed out, breaking through the 81 mark and closing weakly.
The overall price showed a fluctuating upward rhythm. Today, the lower support continues to focus on the low point of 81 last Friday, and the upper pressure focuses on the vicinity of 82.5-82.7. If the upper 83.4 is not broken, continue to see the oscillation operation first, and if 83.4 is broken, the bulls will start
SELL:82.0near SL:82.40
SELL:83.4near SL:83.70
Technical analysis only provides trading direction!
Daily resistance 83.4, support below 79
Four-hour resistance 81, support below 81.3-80
Crude oil operation suggestions: Last Friday, the overall oil price fell first and then rose, breaking through the 82.7 mark, and then fell back and bottomed out, breaking through the 81 mark and closing weakly.
The overall price showed a fluctuating upward rhythm. Today, the lower support continues to focus on the low point of 81 last Friday, and the upper pressure focuses on the vicinity of 82.5-82.7. If the upper 83.4 is not broken, continue to see the oscillation operation first, and if 83.4 is broken, the bulls will start
SELL:82.0near SL:82.40
SELL:83.4near SL:83.70
Technical analysis only provides trading direction!
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From 82, it fell as expected Trade active
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Wednesday Technical analysis of crude oil
Daily resistance 83.4, support below 80.62-79
Four-hour resistance 83.4, support below 81.5-81
✅Crude oil operation suggestions: Crude oil hit a high yesterday and then fell back, and the overall price fell back slightly, but the overall price did not close at the 83.4 line pressure mentioned earlier. Today's operation ideas: Before the daily level stabilizes above 83.4, continue to sell around 83.4. Break or close to stabilize and start long positions.
Today's support below is still around 81.5. If it falls back during the day, continue to go long first, and follow the trend and keep bullish. The upper short-term pressure is around 83.4, and the short-term bullish strong dividing line is around 81 integer mark. (At the same time, beware of the technical changes and there is also a warning of a sharp drop and wash)
SELL:83.4near SL:83.70
SELL:80.7near SL:81.10
SELL:82.0near SL:82.40
Technical analysis only provides trading direction!
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Note
Technical analysis of crude oilDaily resistance 83.4, support below 80.62-79
Four-hour resistance 83.4, support below 82.2-81.2
Crude oil operation suggestions: Crude oil maintained a narrow range of fluctuations yesterday. It fell slightly in the Asian and European sessions and stabilized at the 82.5 mark and began to rebound. The US session slightly rose and pierced 83.9 before falling back and fluctuating. The daily K-line rebounded slightly.
The overall price maintained a strong fluctuation above the 82 mark. Today, the lower support continues to focus on the vicinity of 82.2. The intraday retracement relies on this position to continue to be bullish. The short-term bullish strong dividing line focuses on the 81.2 mark.
Before the daily level stabilizes above the 83.4 position, continue to sell high and buy low.
BUY:82.0 near SL:81.70
SELL::83.4 near SL:83.70
Technical analysis only provides trading direction!
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Crude oil technical analysisDaily resistance 83.4, support below 80.62-79
Four-hour resistance 83.4-84.5, support below 82.2-81.2
Crude oil operation suggestions: Crude oil daily chart has a strong counterattack. It forms a unilateral rise by stepping on the short-term moving average. The current daily chart structure is strong. Crude oil fell first and then rose yesterday. The price of the Asian and European sessions fell slightly and stabilized at the 83 mark to form a stabilizing support and rebound. The US session stretched and returned to the 84 mark and closed strongly. The daily chart bottomed out and rebounded.
The overall price formed a high-level strong shock operation rhythm. The short-term price continued to fluctuate upward with the support of the 5-day moving average. Today's lower support continues to focus on yesterday's low of 83. The short-term bullish strong dividing line focuses on the 81 integer mark. The daily level has not stabilized above the 83.4 position and continues to maintain the high-altitude strategy around 83.4. Breaking or closing up will turn into a bullish start.
SELL:80.7near SL:81.10
SELL:82.0near SL:82.40
SELL:83.5near SL:83.80
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