Crude oil analysis:
Recently, crude oil has been in a strong state of shock, boosted by the news of further production cuts by Saudi Arabia and Russia. However, the high fluctuations for many consecutive days have shown signs of reaching a high peak. The key resistance level above is currently at the 88-88.2 line. Similarly, from last week to today, we have been short-selling in the range of 88.6-88 many times and successfully ushered in a pullback. Today, we are also considering taking short orders near 88.
It should be noted that once the oil price falls below 86 in the near future, it means that the daily peak pattern is confirmed, then the oil price is very likely to start a high correction, and friends who sell at high can get more. On the contrary, if it breaks through 88.5, the oil price will accelerate towards the 90 mark!
Operation suggestions:
1. If crude oil pulls back, buy at 86.2-5, defend at 85.5 and look at 87.1-87.8
2. Crude oil rebounds to 88-88.1 short, defend 88.5 and see 87.1-86.1-85-84 break and hold
3. If it breaks through 88.3, you can go long, which is a bit aggressive. It's up to everyone.
If you want to get accurate trading signals, you can contact me
Recently, crude oil has been in a strong state of shock, boosted by the news of further production cuts by Saudi Arabia and Russia. However, the high fluctuations for many consecutive days have shown signs of reaching a high peak. The key resistance level above is currently at the 88-88.2 line. Similarly, from last week to today, we have been short-selling in the range of 88.6-88 many times and successfully ushered in a pullback. Today, we are also considering taking short orders near 88.
It should be noted that once the oil price falls below 86 in the near future, it means that the daily peak pattern is confirmed, then the oil price is very likely to start a high correction, and friends who sell at high can get more. On the contrary, if it breaks through 88.5, the oil price will accelerate towards the 90 mark!
Operation suggestions:
1. If crude oil pulls back, buy at 86.2-5, defend at 85.5 and look at 87.1-87.8
2. Crude oil rebounds to 88-88.1 short, defend 88.5 and see 87.1-86.1-85-84 break and hold
3. If it breaks through 88.3, you can go long, which is a bit aggressive. It's up to everyone.
If you want to get accurate trading signals, you can contact me