Crude oil long relay success, there is still room for upward mov
On the road to your dreams, there will always be many people who support you, and there will also be many people who look down on you, and some people will even be jealous of you. True strength is something no one can stop, so try to realize your dreams for yourself! Make those who look down on you regret it.
Crude oil lived up to expectations and went up again on Monday. The long-term ideas given twice in the morning and evening can realize profits. The short-term oil price is close to the high point of the previous rebound. There may be repetitions here but it does not affect the bullish trend. Crude oil operation is recommended to buy at 79.95, risk control 79.50, target 81~81.60~82.60.
Crude oil is bullish for several reasons:
1. Crude oil continued to close on a positive line yesterday, with a deep retracement in the middle, but the trend is still there.
2. According to my analysis, the market breaking through 78.60 means that the downward trend did not occur as expected, which means that the Z wave 3 decline that was previously thought has added uncertainty. If the bulls break through 82.66 in the near future, it means that the previous period The downward trend is all over, and the bottoming of the shock here can only be an upgrade within the rebound X wave that started at 70.08.
3. The intraday pressure is 80.60~81.50~82.60, and the support is 80~79.50.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
