Crude oil prices resumed their rise,Yesterday said that as long as yesterday's rising market did not break the starting point of the main fall of 3 waves 83.63 US dollars, it can be regarded as 4 waves rebound, currently is not broken 83.63 US dollars, but broke 80.11 US dollars, that is, broke the starting point of 5 waves of our previous number of waves, but now it can also be looked at as the abc three waves after the main fall of 5 waves. That is, the rise of the market from $76.15 to $80.62 is a wave, and the current pullback is a wave b, then the wave b will be back to $78.20-78.50 this range and then rise to $80.63 in order to walk out of a complete wave c, as long as it does not break $83.63 we can look at 4 waves rising. Breaking $83.63 is abc three waves after five waves, not breaking $83.63 is three sub-waves of four waves.
1, below $78.25 long, stop a loss of 30 points, stop a profit of about $80.25 (more aggressive can be long at $78.70).
2, short above $80.55, stop loss 35 points, stop profit of $78.50.
3, if the strategy 2 short is stopped, go short again at $81.70, stop a loss of 30 points, and stop a profit of $79.70.