ActuaryJ

Crude oil continues to bearish pressure

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FX:USOILSPOT   WTI Light Sweet Crude Oil Future SPOT
Technical analysis of crude oil
Daily resistance 74.2, support below 72.7
Four-hour resistance 73.7-74.2, support below 72-71

Crude oil operation suggestions: Crude oil continued the recent extremely weak short-term unilateral downward rhythm yesterday, with the Asian and European sessions showing a downward trend, and the US session suppressed and fluctuated below the 73.5 mark.

The overall price continued the recent unilateral short-term downward rhythm. Today's upper resistance is around 73.7-74.2. Today's rebound relies on this position to continue the main short-term bearish trend. The short-term oil price short-term weak dividing line focuses on the 74.2 mark. Any rebound before the daily level breaks through and stands on this position is a short-selling opportunity, and keep trading with the trend.

SELL:74.2 near SL:74.50
SELL:73.7 near SL:74.20

Technical analysis only provides trading direction!
Trade ist aktiv
Trade ist aktiv:
Crude oil fell from 73.7 to 73.1, profit 60pips
Kommentar:
73.7~72.9 Crude oil strategy profit 80pips
Kommentar:
Thursday 6/6
Technical analysis of crude oil
Daily resistance 74.2-78.4, support below 72.7
Four-hour resistance 75.0, support below 72.7-74.2

✅Crude oil operation suggestions: Crude oil fluctuated around the 73 mark yesterday and then saw a volatile rise. The US market rose slightly and stood above the 74 mark to close. The overall price showed a short-term support and stabilization pattern near the 72.5 mark.

At present, the overall price is still suppressed below the 76.5 mark and shows a weak and bearish rhythm. Yesterday's short-term rebound did not change the overall downward expectation. The support below should focus on yesterday's hourly neckline near 73.5-73.7.

SELL:75.0 near SL:75.3
SELL:73.7 near SL:74.20

Technical analysis only provides trading direction!
Trade ist aktiv
Trade ist aktiv

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