After Israel launched a fierce attack on Lebanon, crude oil prices rose sharply, and the short-term objective trend remained unchanged. At present, oil prices are consolidating in a high range, with an overall secondary rhythm, and the running form is intact. It is expected that crude oil will continue to rise to a new high after the adjustment during the day.
Trading strategy: Buy crude oil at 70.7-71, target around 72.6
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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.