USOIL: Crude Oil Market Analysis and Advice

Looking at the four-hour trend, crude oil is still running in a downstairs structure, with the upper resistance at the 72.8-73.4 area. Only a further breakthrough can change the overall trend. However, because crude oil has a large V-shaped reversal at low levels, bulls still take the initiative in the short-term trend; the short-term watershed between long and short is $71.3, and crude oil will continue to weaken after it breaks below again.


Personal suggestion: go long on the pullback; the dividing line between long and short: $71.3/barrel

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Today is a profitable day

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72.8~73.4 is the resistance area I analyzed in the morning. If you sell against the trend, please reduce the transaction size and do a good job in risk control.

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Today, crude oil has risen 3$ from the low. Crude oil has escaped from the 4H mid-track suppression, and the top edge of the channel is above 76$. If it rises fast enough, there is hope that it will reach 76$ today.