Domineeringdeal

Crude oil hits the shock pressure range, or continues to fall

Short
NYMEX:MCL1!   Micro WTI Crude Oil Futures

It is not your opponent who defeats you, it is not your peers who subvert you, and it is not the era that throws you away, but your traditional thinking and relatively backward concepts.

Crude oil rebounded today and then fell back under pressure at 72.80. This has also become a watershed between long and short positions today. The short order at 72.70 given in the afternoon is also profitable. If the bears want to retreat again, 72.80 cannot be broken. Therefore, we need to pay attention to the gains and losses here. Crude oil operation is recommended to sell at 72.65 with a stop loss of 73.05, and if the target falls below 71.80~71.50, the short-term secondary adjustment will be confirmed.

Crude oil sees shocks based on the following reasons:

The crude oil daily line closed with a small negative line, but it was a reaction when it was close to the previous high, so it had to prevent the emergence of a secondary adjustment.

The intraday pressure is 72.65~73.05, and the support is 71.80~71.50.

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