Short-term-king

Can the oil price recovery last?

Short
Short-term-king Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Judging from the trend of crude oil, since crude oil rebounded above 74, the technical bullish signal has been significantly strengthened.However, although the current oil price has returned to the range of the box, on the whole, the current price has basically touched the vicinity of the pressure zone of the previous box shock.In addition, judging from the strength of the recent rebound, it has not been as strong, so the trend may face a certain level of adjustment in the short term, and there is a technical need to step back on the midline of the channel to confirm the demand.After the last wave of the 4-hour level trend rose, the price was temporarily.The narrow volatility that remains at a high level weakens the strength of the upper attack, so there may be a trend of spatial correction in the short term.

Short-term trading reference: Sell crude oil near the 74.3 position, stop loss level 74.7, take profit level 73.2

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At present, the order to sell crude oil near 74.3 has already made a small profit
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