Crude oil bearish

After failing to break through 80 this week, crude oil fell again to around 75.56 after the US EIA inventory data emerged yesterday. There is currently no good news for crude oil in the market.

The overall trend of crude oil is very weak, showing a slow falling trend. After breaking above the moving average, oil prices did not stand firm but fell back and fell below again. The pressure on the daily line is still very strong.

Crude oil is currently bearish, and you can pay attention to trading in the 73.5-77.8 range.

Trade closed: target reached:

75.8 now

Comment:

74.2 now

Comment:

Comment:

@73.2 we can go long SL 72.5 TP 75.3

Trade active

Trade active

Comment:

waiting for 74.8

Comment:

Range trading

Comment:

73.5-76.2