Crazylambboy

Crude oil long rebound is not over, there are new highs in the s

Long
MCX:CRUDEOIL1!   Crude Oil Futures


Crude oil formed a rising relay yesterday, and the expected rebound has not yet ended. Yesterday, it was considered a double-top pattern before considering shorting, but the second decline in the evening did not show a new low, and the bulls began to counterattack again in the early morning. At present, it will continue today There are highs. Crude oil operation is recommended to buy at 77.20, risk control 76.80, target 78.05~78.55.

Crude oil is bullish for several reasons:
1. The rebound pattern of crude oil is relatively complicated, and it has evolved into a double three-wave pattern at present, and there is still a high point in the short term.
2. The intraday pressure is 78.05~78.55, and the support is 77.25~76.90.

My friend, if you have better opinions and suggestions, please leave a message below to tell me
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.