Short-termTaurus

Monday: Crude oil focuses on the 71/72/74/75 area

Short-termTaurus Aktualisiert   
TVC:USOIL   WTI Rohöl CFD's
On Monday (January 8), international U.S. crude oil prices traded around $72.85 per barrel. U.S. non-farm employment growth in December exceeded expectations, prompting financial markets to lower expectations for an interest rate cut by the Federal Reserve in March. The risk posed by tensions in the Middle East is an important factor in the price rebound. Geopolitical tensions have pushed up trading premiums, and strong jobs data also pointed to strong fuel demand.

In the 4-hour chart, a wave of decline gave up nearly half of the previous gains. It is currently in the process of confirming the retracement. Bollinger Bands closed, the short-term entered a contraction and shock, and the long-short tug-of-war switched. It is not a strong unilateral market. After the second retracement, pay attention to whether it can start a stable recovery above the low point. If it starts to stabilize, continue to watch the rebound.

On the whole, it is suggested that the day-to-day operation of crude oil should focus on the first-line resistance of 74.0-75.0 at the top and the first-line support at 72.0-71.0 at the bottom.
Trade ist aktiv:
Shorts strong
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Waiting for the US market to start
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The dividing line between gold's long and short positions is at 2036. The long position will not be considered until at least 2012. The short position is still strong. The market was cold on Monday. The US market only fluctuated by 6 US dollars. There is currently no trading direction at this position.

Crude oil and Forex did not find a good entry opportunity today.
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Good luck guys, today's trading guidance has begun
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Haftungsausschluss

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