ActuaryJ

Crude oil continues to run in the 77~80 range

Long
ActuaryJ Updated   
TVC:USOIL   CFDs on WTI Crude Oil
Crude oil continues to run in the 77~80 range, waiting for a breakthrough, continue to sell high and buy low

Crude oil technical analysis
Daily resistance 79-80, lower support 76.8
Four-hour resistance is 79-80, and support below is 77-76.8

Crude oil operation advice: Crude oil was under pressure at the 79.2 mark yesterday and ushered in a weak and volatile downward breakthrough. The Asian and European prices fluctuated sideways and came under pressure near the 79 mark, then fell back and fell rapidly, falling back to a weak rebound near 78.2. NY time was under pressure at the 79 mark and ushered in an accelerated decline. Finally, the price fell to around 77.6 and stabilized.


The overall price appears to be suppressed at the 79 mark. Short-term oil prices continue to show a daily red-green cycle rhythm. Today, the lower support focuses on 77.2-77, and the upper pressure focuses on 79.5-80. The day will continue to rely on this range to maintain a wide range of long and short shocks. The watershed between short-term long and short strength still focuses on the 80 integer mark. Before the daily level reaches 80, it will continue to maintain long and short shocks between 77 and 80.

BUY:77.0 near SL:76.70
BUY:76.8 near SL:76.40
BUY:79.6 near SL:79.30
Technical analysis only provides trading direction!
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Wish us good luck in the new week
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Crude oil technical analysis
Daily resistance 83.4, support below 79.2
Four-hour resistance 80-83.4, support below 79.2-78.5

BUY:79.2 near SL79 near
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