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ActuaryJ
Mar 25, 2024 8:49 AM

USOIL: 25/3 Today’s Analysis and Strategy 

WTI CRUDE OILTVC

Description

Crude oil technical aspects
Daily resistance is 82-83, support below is 80.2
Four-hour resistance is 81.5, support below is 80.2
Crude oil operation suggestions:
Crude oil prices are facing certain selling pressure. From the daily chart level, oil prices have fallen back and adjusted after reaching a new high of 83. The strength of its pullback is limited. Pay attention to the situation of 81.71 stabilizing and maintaining the bullish arrangement, and the mid-term objective trend remains upward. It is expected that crude oil will enter a shock adjustment around the high of 83, form a secondary rhythm, accumulate upward momentum, and continue to move upward.

BUY: around 79.50
BUY:around 80.20
BUY:near 81.71
SELL:near 84.00

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The market is on my side today. It quickly moved up after issuing chart analysis.

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The bullish thinking of crude oil above 80 has been realized. The lowest fell to 80.7 and now it is up 70 pips.

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Crude oil has hit my TP, and now after consecutive green candles breaking through the previous high, a correction is about to begin. Then it may continue to rise

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26/3 Today’s Strategy and Analysis
Crude Oil Technical Analysis
Daily resistance is 82-83, support below is 80.2
Four-hour resistance is 82, support below is 80.2

Crude oil operation suggestions:
Yesterday's crude oil showed a unilateral trend as a whole, with the fluctuation range remaining within 2 US dollars. Yesterday's long-low strategy was fully in line with expectations, and the upward trend will continue to remain unchanged in the medium term. It is expected that crude oil will enter a shock adjustment below 83.50, then accumulate upward energy and continue to move upward.

BUY: around 81.70
BUY: around 82.30
SELL:near 84.00

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Gold and crude oil are in line with expectations

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