Can U.S. oil continue to be bullish? How to trade?

The release of U.S. EIA crude oil inventory data and the Federal Reserve's interest rate decision may bring external interference to the trend, so U.S. oil needs to be careful in the short term.


The bullish tone at the daily level has been locked in. A firm hold at 80 will lay the foundation for medium and long-term bullishness. As long as there are no major negative fundamentals in the future, it is worth looking forward to the medium and long-term bullishness of the 84-85 area and even the 90 area for U.S. oil.




In the day, U.S. oil can see a temporary pressure correction on the 83 line, but don’t expect too much in the repair space below. You can focus on the 5-day line around 81.7-5. If the data tonight is negative, the short-term retracement target can be lowered. Moving to the 81-80.5 area, the main line of thinking is still bullish on US oil, so whenever a retracement is seen, we should still consider choosing lows to place long orders, provided that 80 cannot be broken. In addition, due to the frequent incidents affecting U.S. oil-related fundamentals from tonight to early tomorrow morning, conservatives can choose to wait and see and make relevant strategic adjustments after the fundamentals stabilize tomorrow. If you participate in radical activities during the day, you must also wait for the extreme point before participating, and you must make adjustments closely following fundamental events. Do not make judgments based solely on technical expectations.