Things to note when trading crude oil this week! Day analysi

Traders this week must contend with both declining liquidity and potential tensions caused by Yemen's Houthi rebels. If the shipping crisis in the Red Sea region persists, it will not only provide some support for WTI crude oil prices this week, but also create opportunities for speculative buying.

Traders will need to be cautious about risk management this week due to the Christmas holiday. WTI crude oil bears may believe that there will be a high technical reversal, and they will also pay attention to Middle East shipping news.

Last week, the market fluctuated upward, and closed the positive line with a long upper and lower shadow line, indicating that the market was more volatile. However, the market is still running below the 20-day moving average, and the overall trend is still bearish. During the day, focus on the first-line pressure of $74 at the top and the first-line support of $72.0 at the bottom. At present, the technical indicators have completely turned bearish, and it is recommended to mainly go short on the rebound!

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Comment:

Crude oil has begun a down-up-down structure again, and the opportunity to sell is coming soon

Comment:

SELL75.6 now

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After crude oil took off and rose, there was no correction and it has stood above 75. Leaving it now is the best choice.

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76 is a new high. After a short decline, I believe it will be tested again soon.

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