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ActuaryJ
Aug 8, 2023 4:50 AM

Daily line level, unilateral rise; moving average long line, MAC 

WTI CRUDE OILTVC

Description

Daily line level, unilateral rise; moving average long line, MACD golden cross, KDJ high passivation, before falling below the 5-day moving average 81.76, there is still a chance for oil prices to rise further, focus on the resistance near the April high of 83.51, if it can top If this resistance is broken, it is expected to open up new upside space. For further resistance, refer to the position near the high point of 84.70 on November 10, and the resistance at the high point of November 16 is around 87.48. However, the resistance near 83.51 is strong, and the MACD has initially sent a top divergence signal. It is necessary to beware of the risk of oil price shocks and the possibility of shock adjustments. The lower 5-day moving average is supported around 81.76, and then the 10-day moving average is supported near 80.92, 80 The integer mark is also where the psychological support is. If this support is lost, it will increase the possibility of short-term peaking; last week’s low point support is around 78.68. For strong support, refer to the 21-day moving average around 78.19. If this support is lost, it will increase the bearish signal in the market outlook .



Crude oil operation strategy:
Rebound to 83.2-83.5 short, TP82.5, TP81.8
Step back to 81.4-81.7 to do more, TP82.4, TP83.2

Trade active

reach pre-order price
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