Technical analysis of crude oil; crude oil's daily line dropped and rebounded to close the cross K line, touching the previous lower track of 91.30, but still started to recover steadily. Returning to the high range and oscillating, the daily line is still in the process of strong consolidation and momentum. Although it has dipped, it can still recover quickly in late trading. The short-term performance is strong, and the market outlook is still optimistic about further gains.
The 4-hour chart shows a slow decline but a quick recovery. The small negative line slowly fell back to touch the lower track and reached the low resonance point with a stable single positive to recover the lost ground. The lower track of Bollinger Bands is parallel to the support and returns to the upper track. The 4-hour chart uses sideways consolidation instead of a B-wave correction, and there is a high probability that it will form a stable rebound above 91.30.
In short-term operations, you can choose opportunities around the lower rail of the range to be bullish. The market outlook looks beyond the previous high.
At present, there may be some time for short-term shocks, but the shock is to prepare for further gains.
At the top, focus on the first-line resistance of 94.8-95.0.
Pay attention to the first-line support of 92.0-92.3 below
The 4-hour chart shows a slow decline but a quick recovery. The small negative line slowly fell back to touch the lower track and reached the low resonance point with a stable single positive to recover the lost ground. The lower track of Bollinger Bands is parallel to the support and returns to the upper track. The 4-hour chart uses sideways consolidation instead of a B-wave correction, and there is a high probability that it will form a stable rebound above 91.30.
In short-term operations, you can choose opportunities around the lower rail of the range to be bullish. The market outlook looks beyond the previous high.
At present, there may be some time for short-term shocks, but the shock is to prepare for further gains.
At the top, focus on the first-line resistance of 94.8-95.0.
Pay attention to the first-line support of 92.0-92.3 below