OIL can go long in these positions, today’s analysis and strateg

Crude oil technical analysis
Daily resistance is 79-81, support below is 76.8-75
Four-hour resistance is 79-80, and support below is 78.3-76.8

Crude oil operation advice: Crude oil still fluctuated widely yesterday, with the lowest backtest of 78.2 starting to stabilize, and the highest hitting 79.8. Then it fell sideways, and after reaching near the previous high, it failed to break through directly, and continues to fluctuate upward today.

The overall price has stabilized at the 78 mark and continues to operate in a wide range of long and short shocks. Today, we will continue to focus on the vicinity of 79-79.6. If we break through this position during the day, we will continue to be bullish first. The short-term pressure above will focus on 79.6. Once the daily line firmly holds the 79.6 mark, we can see a big rise.

BUY:78.3near SL:78.00
BUY:79.0near SL:78.70
BUY:79.6near SL:79.30

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20/5 Monday Crude oil technical analysis
Daily resistance is 81-83.3, support below is 79-78
Four-hour resistance is 80-81, support below is 78.3-76.8

BUY:78.3 near SL:78.00
BUY:79.0 near SL:78.70
Technical analysis only provides trading direction!

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Tuesday 21/5
Crude Oil Technical Analysis
Daily resistance is 79-81, support below is 76.7
Four-hour resistance is 79-81, support below is 77-76.7

Crude oil operation suggestions:
Crude oil fell slightly yesterday, but the sustainability is not strong. The overall price continues the recent wide range of long and short. Today, the lower support is focused around 76.7, and we will continue to go long at this position.


BUY:77.0-76.8 near SL:76.4

BUY:79.6 near SL:79.30
Technical analysis only provides trading direction!

Trade active