Crude oil ushered in a new opportunity for growth

The latest exclusive report from the US "Wall Street Journal" claims that Saudi Arabia has told the White House that they are willing to increase oil production early next year if crude oil prices remain high.

A new round of military conflict broke out between Israel and Palestine last weekend, causing international oil prices to soar more than 4% after opening. This week, it gapped higher and opened higher, breaking the weak pattern and regaining its position above the middle track. It is currently undergoing a rebound correction, and the space is slightly larger. In the short term, there is a high probability that oil prices will stabilize and then recover from the sharp drop during the holidays. Pay attention to the next changes in geopolitical factors and pay attention to the rhythm.

During the day, focus on the first-line support of 84.4 at the bottom and the first-line resistance of 87.24 at the top. Above 84.4 is bullish, the target is 87.3-88.4. Below 84.4 is bearish, the target is 82.8-81.6.

The RSI technical indicator is moving upward.

Comment:

target is 87.3-88.4

Trade active

Trade active:

The short-term trend of crude oil continues to be strong

Trade active