Crude oil encounters support below, or there may be a situation

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The price of crude oil has basically not fluctuated much after being pulled back and forth within the day. Since the short momentum of the previous wave of decline is still there, and the bottom has also encountered support, so short-term crude oil can be operated in both directions. Crude oil operation is recommended to sell at 77.10, risk control 77.5, target 76.2~75.50. If it falls directly to 75.40 without a rebound, it can be considered much lower here.

The bottoming out of crude oil is based on the following reasons:

1. Crude oil's downward momentum has exhausted, and the daily line has obviously shortened the negative line entity.

2. According to my personal analysis, the current trend is still regarded as the upgraded X-wave c. Referring to the structure of X-wave a, there may be room for downside in the short term, and then it will go up again.

3. The intraday pressure is 77.1-77.5, and the support is 76.2-75.50.

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