Real-time analysis of crude oil market: Crude oil prices closed positive for two consecutive weeks, but the rebound high did not break through the 65.2 support to turn into a resistance point. At the beginning of this week, the weekly MACD is still in the stage of falling volume. In addition, crude oil prices fell below the weekly MA5 moving average of 64.1 under pressure in the morning. I am more optimistic about the early decline and repair indicators of crude oil prices at the beginning of this week. This week, the pressure point of the weekly trend line of crude oil is at 67.1, and the pressure point of the weekly SAR indicator is at 66.6. This is considered a strong pressure range. As long as the oil price fails to stand above 67.2, it will retreat at any time.
Today, in terms of resistance, pay attention to the 1-hour trend indicator pressure points of 64.5 and 65.2. Before the breakthrough, there is no need to consider the strong pressure range above. If it breaks upward, I will prompt adjustments before the market. In terms of support, first look at the support range formed by the 1-hour lower track 62.9 and the 4-hour middle track 62.5. For downward break, refer to the daily MA10 moving average 61.7 position, and the weekly Bollinger band lower track is at 60.9. Overall, the crude oil trend rebounded and fluctuated upward in the range of two weeks. The current box is temporarily set at 67.1-60, and the high-selling and low-buying positions will be treated. The market will continue after the breakout.
Crude oil trading suggestions:
1. When the rebound touches the 64-64.5 range, short at the high point, and cover at 65, with the target of 63.2-62.5,
2. Go long when the retracement reaches the 61.2-60.8 area, with the target of 63-64
Trading is risky, and profits and losses are at your own risk. The specific details are subject to real-time signals.
If you don’t know when to enter the market, the real-time and accurate signals are updated and verified by the Baker Bitcoin Gold Trading Center every day.
USOIL USOIL USOIL USOIL USOILSPOT
Today, in terms of resistance, pay attention to the 1-hour trend indicator pressure points of 64.5 and 65.2. Before the breakthrough, there is no need to consider the strong pressure range above. If it breaks upward, I will prompt adjustments before the market. In terms of support, first look at the support range formed by the 1-hour lower track 62.9 and the 4-hour middle track 62.5. For downward break, refer to the daily MA10 moving average 61.7 position, and the weekly Bollinger band lower track is at 60.9. Overall, the crude oil trend rebounded and fluctuated upward in the range of two weeks. The current box is temporarily set at 67.1-60, and the high-selling and low-buying positions will be treated. The market will continue after the breakout.
Crude oil trading suggestions:
1. When the rebound touches the 64-64.5 range, short at the high point, and cover at 65, with the target of 63.2-62.5,
2. Go long when the retracement reaches the 61.2-60.8 area, with the target of 63-64
Trading is risky, and profits and losses are at your own risk. The specific details are subject to real-time signals.
If you don’t know when to enter the market, the real-time and accurate signals are updated and verified by the Baker Bitcoin Gold Trading Center every day.
USOIL USOIL USOIL USOIL USOILSPOT 
🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.
🎁Stable weekly profit exceeds 231.8%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
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.