Crude oil is trading in a range, with a focus on 73.8~76.5
Updated
Technical analysis of crude oil
Daily resistance 78.4, support below 72.7
Four-hour resistance 76, support below 75-73.8
Crude oil operation suggestions: Crude oil fell first and then rose last week. The weekly line is in a wide range of fluctuations, and there is no strong unilateral trend. In the form of repeated tug-of-war between long and short positions, pay attention to the support of the low point of 73.80 this week. If it holds, it will continue to be bullish.
The overall price shows a rhythm of long and short narrow fluctuations. Although the daily level has experienced two consecutive positive fluctuations and rebounded, the overall technical indicators are still in a short position. The upper side is still facing the pressure of the 76.5 mark. Today's rebound relies on the 76.5 line to continue to be short first. The short-term support below focuses on the vicinity of 74.3-74.5. Today, we will rely on this range to maintain the rhythm of fluctuations and sell high and buy low.
SELL:76.0 near SL:76.50
BUY:73.8 near SL:73.40
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Daily resistance 78.4, support below 72.7
Four-hour resistance 76, support below 75-73.8
Crude oil operation suggestions: Crude oil fell first and then rose last week. The weekly line is in a wide range of fluctuations, and there is no strong unilateral trend. In the form of repeated tug-of-war between long and short positions, pay attention to the support of the low point of 73.80 this week. If it holds, it will continue to be bullish.
The overall price shows a rhythm of long and short narrow fluctuations. Although the daily level has experienced two consecutive positive fluctuations and rebounded, the overall technical indicators are still in a short position. The upper side is still facing the pressure of the 76.5 mark. Today's rebound relies on the 76.5 line to continue to be short first. The short-term support below focuses on the vicinity of 74.3-74.5. Today, we will rely on this range to maintain the rhythm of fluctuations and sell high and buy low.
SELL:76.0 near SL:76.50
BUY:73.8 near SL:73.40
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Crude oil technical analysisDaily resistance 78.4-83.4, support below 74.2
Four-hour resistance 78.4-80, support below 76
Crude oil operation suggestions: Crude oil weekly touched the support of the rising trend line and stabilized and rebounded. It fell and rebounded last week, and yesterday was accompanied by a further rebound, breaking the short-term weak pattern and driving the short-term structure to rebound.
After bottoming out last week, the overall price rebounded for three consecutive trading days. At present, the overall price has broken through and stood above the 76 mark, forming a strong bullish rebound. Today, the support below is around 76.5-76.7. The intraday retracement relies on this position to continue the main bullish trend. The short-term pressure above is above 79. The overall support during the day is 76.5-79 to sell high and buy low.
SELL:78.4 near SL:78.80
SELL:80.0 near SL:80.50
BUY:76.0 near SL:75.70
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Thursday Technical analysis of crude oilDaily resistance 78.4-83.4, support below 74.2
Four-hour resistance 78.4-80, support below 76.9
Crude oil operation suggestions: After three consecutive rises and large-volume rebounds, the rebound momentum of crude oil has slowed down slightly, and the previous secondary high resistance is approaching. The daily line structure is still in the rebound structure. The weekly line has stabilized and rebounded, but the process is repeated between long and short positions, and it is not a unilateral bull market, so after the rebound, it will also be accompanied by pressure and fall.
The overall price is under pressure at the 79.3 mark, showing a long-short oscillation rhythm. Today's lower support continues to focus on yesterday's hourly line neckline 77.5 mark, and the upper pressure focuses on the vicinity of 79.2. Continue to rely on this range to maintain high selling and low buying during the day. In the short term, the oil price is likely to maintain the 77-79.3 range and continue to exchange time for space. The long and short oscillations are repeatedly pulled, and the entry position and rhythm are the key.
SELL:78.4 near SL:78.80
SELL:80.0 near SL:80.50
BUY:76.9 near SL:76.50
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Friday Technical analysis of crude oilDaily resistance 78.4-83.4, support below 74.2
Four-hour resistance 78.4-80, support below 76.9
Operation suggestions for crude oil: Crude oil closed slightly lower on the daily line. It failed to break the second high yesterday and closed lower at the end of the trading day. From the daily line, it rebounded from the low point of 72.40. It is currently entering a pause and correction period, that is, a second retracement to confirm the stabilization support point. Today's weekly closing, beware of a proper retracement.
The overall price is under pressure and falls again above the 78.8 mark. The short-term technical indicators show a stagflation pattern in the 79 area. The short-term price is expected to fall further and seek support. Today's upper resistance focuses on the decline point of yesterday's hourly line near 79. If it rebounds during the day, continue to short and look for a decline. The lower support focuses on the vicinity of 76.5-76.3. Rely on this range to maintain high selling and low buying during the day.
SELL: 78.4 near SL: 78.80
SELL: 80.0 near SL: 80.50
BUY: 76.9 near SL: 76.50
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Monday Technical analysis of crude oilDaily resistance 78.4-83.4, support below 75
Four-hour resistance 78.4-80, support below 76.9
Operation suggestions for crude oil: Crude oil closed at the middle track support and stabilized on a weekly basis, with signs of stopping the decline and rebounding to the upper track of the Bollinger band. Pay attention to the continuity of the bulls this week. If the strong trend continues to close above the middle track, the weekly line will continue to challenge the upper track.
From the current market analysis, today's support below is focused on the 77-75 mark, and the upper pressure is focused on the vicinity of 78.4-78.6. Go long near the 77 below, and look up near 78.4
SELL:78.4 near SL:78.80
SELL:80.0 near SL:80.50
BUY:76.9 near SL:76.50
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