jherryPowell

oil rebound under pressure:sell

Short
jherryPowell Updated   
TVC:USOIL   CFDs on WTI Crude Oil
The short-term rebound of crude oil is under pressure to fall back, and the previous wave of short-term declines will continue, waiting for the rebound to participate in the evening.For crude oil operations, it is recommended to sell at 79.8, with a stop loss of 80.2, and a target of 79.8~78.4.

The chart is a 4H chart of crude oil

Crude oil's rebound is based on the following reasons:

1. The daily line of crude oil bottomed out and rebounded, and there was a doji stop-fall signal, so today was the first bullish call.

2. According to the update of the Turing wave trading system, the five-wave push of Wave B and a has already appeared. At present, due to the deep retracement, it is not ruled out that it has entered the mid-term adjustment of Wave B and B, downwards or in a three-wave state, once it falls below 79.38 in the later stage, it will fall back to confirm.

3. Intraday pressure is 79.8~80.2, and support is 79.8~78.4.
Comment:
As expected, everyone can look at the graphics
Comment:
The trend is as expected, today's analysis will be given later
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