Crude Oil Stops Falling, How to Operate?
Updated
The overall trend of crude oil yesterday bottomed out and rebounded, which was in line with expectations, and the long positions at 72 and 71.5 were given very accurately, and the actual market gave the lowest long position near 71.4, ushering in a big profit of 73. Since crude oil has stepped back to around 71.5, we cannot be too aggressive in our bearish view, or in other words, the short-term bearish view has failed. After all, the task of stepping back has been completed. We are more inclined to see a rebound during the week. The long positions are 72.7 and 72.2, and the defense is 71.7, looking at 74-75. If it can break through 73.7 and stand firm, then the long position will set sail, and you can go long directly at that time, that is to say, breaking through 73.7 will directly lead to bullishness!
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