Crudeoil bears are working hard again, where will crudeoil fall?

Short-term-king Updated   
TVC:USOIL   CFDs on WTI Crude Oil
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Yesterday's short crude oil orders reaped very good profits, and the current crude oil is creating favorable trading opportunities for us.

At present, the U.S. Secretary of Energy has hinted that the country is in no hurry to replenish the Strategic Petroleum Reserve (SPR), exacerbating concerns about oversupply in the market.In addition, Russia's continued supply of crude oil to the global market has also increased the pressure on the oil market, causing oil prices to fall again.

At present, crude oil has fallen as low as 66.8.Judging from the trend of crude oil, the rebound of crude oil has been blocked for two consecutive trading days, and a longer upper shadow line has been left, forming a secondary pressure, so the suppression of resistance above the 71 position is still relatively obvious.I also mentioned in my article yesterday that if oil prices are delayed in regaining the 72.4 position, there is a technical need for a second bottoming demand, which will increase the short-term bearish signal.

In the short-term treatment, the upper side initially pays attention to the pressure near 69, and the lower side pays attention to the support near 66.8.

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Crude oil trading strategy, try to focus on short selling at high levels, rebound to sell near 68.6, take profit position 67-66.8, stop loss position 69.1
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I have also sold crude oil around 68.69 at present
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At present, the lowest crude oil has fallen to the position of 67.97, and orders to sell crude oil above 68.6 have made a significant profit.
Trade active:
In the first transaction of crude oil, the sell order above 68.6 reached the 68 position to take profit and leave the market.

The current sell order for crude oil above 69.2, the current crude oil has fallen to 68.6, and it has obtained a very good profit. You can choose to manually take profit and leave the market.

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