Long

Crude oil is back up above 73

2 days ago

2 days ago

Crude oil from the daily chart level, the medium-term trend fell to a low of 65.50, and then gained support for a short-term rebound. The daily line appeared a wave of master master alternating rhythm, and the bullish momentum increased. However, from the point of view of the moving average system, it still repress oil prices, and the medium-term objective trend remains downward. Pay attention to the 55-day moving average resistance to oil prices, the medium-term trend will continue to be mainly bearish.

Crude oil short-term (4H) trend by the positive data to resume rising. Oil hit a new high of 73.30. The moving average system relies on oil prices to arrange upward, and the short-term objective trend is upward. In the morning, the oil price hovered around 72.30, there is still a certain recurrence of oil prices, and the bullish momentum further accumulated momentum, and it is expected that the intra-day crude oil pullback was supported and continued to rise.

Today: 71.80 long, Stop loss: 71.30, target 73.00.

Targetlife

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