Crude oil rose sharply on Tuesday as scheduled. At present, the bulls are close to the first target of 69.83. This is also the high point of the previous rebound. The bulls have been rising since the low position. At present, the probability of continuing to rise is relatively high. Low chance. Crude oil operation is recommended to buy at 68.65, risk control at 68.15, and target 69.80~70.70.
Crude oil is bullish for several reasons:
1. The daily line of crude oil continues to close positive, and there is still some room for the key pressure above the golden section of 38.2%.
2. According to my personal analysis, the rebound of wave Z 2 is still ongoing, and the current subdivision structure is located in the second half of the first round of rebound.
3. The intraday pressure is 69.80~70.70, and the support is 68.70~67.70.
Traders, if you like this idea or have your own opinion about it, please write in the comments. I will be happy 👩💻
Comment:
The crude oil bullish target is correct, do you see it, traders?
