Crude Oil: Analysis Strategy Today

Through the analysis of the hourly chart of crude oil, we know that on the previous trading day, it first fell, then rose and then fell, forming a wide-ranging shock trend, which converged at the moving average support level below. We can clearly see from the attached picture below that in the previous transaction The market had already entered the weak zone on the day before, and the rebound was weak. It is still running in the weak zone, indicating that there is still room for adjustment in the short-term market.

Crude oil is long at 90.70 and 88.90 respectively, with a stop loss of 70 points and a profit stop of 300 points;

Crude oil is short at 92.20 and 93.30 respectively.

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