Crazylambboy

Crude Oil Latest Strategy Trading Strategy

Short
MCX:CRUDEOIL1!   Crude Oil Futures

Through the analysis of the daily chart of crude oil, we know that the market continued to fluctuate in a short-term high and narrow range yesterday, and the upper part has been subject to the suppression of the 30 moving average. Judging from the three recent declines, there is less room for rebound each time. The strength of the negative line is relatively strong, and the current moving average system has been in a short position, and the MACD below has been running below the zero axis. The red bull energy column is smaller than the wave, indicating that the bulls have exhausted their actions, and there is a waterfall in the market. , It is a normal phenomenon. In the short term, we will continue to focus on the suppression of the 78.00 line above, and the pressure on the 80.00 line above. In terms of operation, we will continue to focus on shorting rallies. The specific suggestions are as follows:

Crude oil 77.90 and 80.20 are shorted respectively, the stop loss is 70 points, and the profit is 400 points
Crude oil 74.80 and 72.10 are long respectively, the stop loss is 70 points, and the profit is 200 points

CRUDEOIL1!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.