Crude oil is currently going through a wave of surges and falls on the weekly trend, but it still maintains its operation on the short-term moving average. Pay attention to whether there will be continued adjustment on the line next week. On the daily trend, the current price has begun to touch near the previous support band, and the downward trend has begun to slow down. After the continuous low fluctuations in the intraday 4-hour trend, the technical form showed signs of gradual recovery. The K-line began to slowly stand on the short-term moving average. It is believed that crude oil will rebound to a certain extent in the short-term trend.
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Crude oil, from the current technical trend point of view, the daily level is still a bullish pattern, and it retreated after rising higher last week, with the lowest touching the 80.8 line. If the bullish trend remains unchanged, then the short-term adjustment is basically in place. If it falls below the 80.8 line, it will continue. A pullback means that trend bulls do not exist. Therefore, the early low of crude oil is an opportunity to go long, and if it strengthens again during the day, it means that the bulls at the daily level are still continuing, and the bulls are still expected to hit the 84-85 line. Therefore, crude oil is directly bullish in the short-term early trading within the day, just defend below 80.8Note
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The main idea of crude oil continues to be low and long. At the beginning of the week, it retreated around 81-80.8. If it is aggressive, it can be short and long, and it retreats 80.5-3 to cover long. It is still with a stop loss below 80. Last week, there were The remaining long orders will also continue to be held, and the upper side will look at 81.5/6, 81.8-82Trade active
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Can I go long right now?Note
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Crude oil rose slightlyTrade active
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Long position in crude oil at low level was successfulNote
Crude oil continues to make profitsTrade active
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Profits from crude oil long orders continue to expandNote
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Crude oil is close to 82Trade active
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Crude oil long orders make huge profitsTrade active
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Yesterday, crude oil took profit perfectly. How to trade today?Note
The strategy given by crude oil yesterday was to go long in the 80.7 area and look at around 82, which is also a perfect profit stop. Judging from the current situation, it still maintains an upward trend.
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Yesterday, crude oil made huge profits by going long at low levels, and then fell back higher. Crude oil focuses on the support near 80. The overall idea is to go long at low levels.
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Regarding crude oil trading ideas, it is still long at low levels.
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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.