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Crude Oil Future CFD (USD)
Short

Crude oil bearish

By Anthony-Ryan
Updated
snapshot

After failing to break through 80 this week, crude oil fell again to around 75.56 after the US EIA inventory data emerged yesterday. There is currently no good news for crude oil in the market.

The overall trend of crude oil is very weak, showing a slow falling trend. After breaking above the moving average, oil prices did not stand firm but fell back and fell below again. The pressure on the daily line is still very strong.

Crude oil is currently bearish, and you can pay attention to trading in the 73.5-77.8 range.
Trade closed: target reached
75.8 now
Note
74.2 now
Note
snapshot
Note
@73.2 we can go long SL 72.5 TP 75.3
Trade active
Trade active
Note
waiting for 74.8
Note
snapshot

Range trading
Note
73.5-76.2
cloiloilpriceoiltradingSupply and DemandSupport and ResistanceTrend AnalysisCrude Oil WTIwticrude
Anthony-Ryan
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