Oil prices fell more than $1 a barrel on Friday, falling for a second straight week, as data added to doubts about demand growth following Saudi Arabia's decision to cut production over the weekend. Oil prices had risen at the start of last week, buoyed by Saudi Arabia's pledge over the weekend to cut production further than the earlier deal with the Organization of the Petroleum Exporting Countries (OPEC) and its Allies. However, an increase in U.S. fuel inventories and weak data have impacted the market. Some market analysts expect oil prices to rise if the Fed puts interest rate hikes on hold at its next meeting on June 13-14. The Fed's decision could also influence Saudi Arabia's next move, analysts said. "What happens next is likely to depend on inflation data and interest rate decisions in the coming weeks."
On Friday, crude oil slightly back to the lowest 70.60 US dollars line after the opening of a wave of rebound, the highest rebound in the US hit the first line of 71.75 US dollars, then rose to fall back, the US crude oil continued to fall back, the current minimum fell to 70.10 US dollars line, the final close near 70.30 US dollars, the daily close small negative line, The weekly line with a lower shadow line is long, and after the end of such a form, crude oil early rebound short, there is room to continue to fall and demand, today's crude oil attention above the resistance near $71.60, rebound relying on the resistance below here, and then look near $68.50 can be!
Composite: Crude oil hit sell near 71.3, target 68.5
On Friday, crude oil slightly back to the lowest 70.60 US dollars line after the opening of a wave of rebound, the highest rebound in the US hit the first line of 71.75 US dollars, then rose to fall back, the US crude oil continued to fall back, the current minimum fell to 70.10 US dollars line, the final close near 70.30 US dollars, the daily close small negative line, The weekly line with a lower shadow line is long, and after the end of such a form, crude oil early rebound short, there is room to continue to fall and demand, today's crude oil attention above the resistance near $71.60, rebound relying on the resistance below here, and then look near $68.50 can be!
Composite: Crude oil hit sell near 71.3, target 68.5
Trade active:
Crude oil fell directly to our target position of 68.5, although it did not give us the opportunity to enter the position, but we forecast the idea of falling is no problem, and then rebound to 69.5-69.8 can continue to sell.
Trade active:
Crude oil fell directly to our target position of 68.5, although it did not give us the opportunity to enter the position, but we forecast the idea of falling is no problem, and then rebound to 69.5-69.8 can continue to sell.
Trade active:
Crude oil fell directly to our target position of 68.5, although it did not give us the opportunity to enter the position, but we forecast the idea of falling is no problem, and then rebound to 69.5-69.8 can continue to sell.
Trade active:
Crude oil is very sad today, we gave two sell positions within a point of each other, crude oil fell rapidly. Although we missed this opportunity, it also proved that our point of view is absolutely correct, and then wait for a more suitable location to carry out a new layout.
Trade active:
Crude oil is very sad today, we gave two sell positions within a point of each other, crude oil fell rapidly. Although we missed this opportunity, it also proved that our point of view is absolutely correct, and then wait for a more suitable location to carry out a new layout.
Trade active:
Yesterday, crude oil in 71.10 layout short orders did not trade, short thinking is correct, crude oil fell as scheduled! All witnesses! Yesterday morning, crude oil jumped low open in the $69.90 line, the day basically no rebound, began to fall weak near $70.0, the whole day was a unilateral downward trend, the lowest fall touched the $66.80 line, the daily line with a lower shadow line slightly longer large Yin line closed, and after the end of this form, today's crude oil continues to bear short, There is still room to continue to fall and demand, crude oil today pays attention to the above resistance near $69.10, the rebound relies on the resistance below here, and then look at the vicinity of $66.0.
Trade active:
Yesterday, crude oil in 71.10 layout short orders did not trade, short thinking is correct, crude oil fell as scheduled! All witnesses! Yesterday morning, crude oil jumped low open in the $69.90 line, the day basically no rebound, began to fall weak near $70.0, the whole day was a unilateral downward trend, the lowest fall touched the $66.80 line, the daily line with a lower shadow line slightly longer large Yin line closed, and after the end of this form, today's crude oil continues to bear short, There is still room to continue to fall and demand, crude oil today pays attention to the above resistance near $69.10, the rebound relies on the resistance below here, and then look at the vicinity of $66.0.
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Yesterday crude oil took a low reversal of the rising market trend, the trend is in our expected range! Yesterday, crude oil opened at 67.33 US dollars, Asian crude oil slightly back to hit 67.10 US dollars after the opening of the V-shaped reverse upward trend, European and American trading continued to rise, the highest rise reached 69.80 US dollars, the end of the day finally closed near 69.30 US dollars, the daily line with a longer dayan line, and such a form after the end, Crude oil continued to fall after the emergence of a stabilizing recovery signal, the shape of the point of view there is room to continue to rise and demand, today's crude oil back to continue to do more, today's crude oil attention below the near $67.80, back relying on here to support the above long, above and look at $71.0 can be!
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usoil 71sell tp68-67.5
67.5-68buy tp71
67.5-68buy tp71
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Our crude oil sell order at 71 has started to make money and is currently quoted at 69.4
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Friends who bought crude oil can reduce their holdings in 68.5 profit, congratulations you once again obtained a profit of 15 dollars.
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Crude oil 12 win plan
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The rapid decline in crude oil has reached our target of 68. Congratulations.
Trade active:
The rapid decline in crude oil has reached our target of 68. Congratulations.
Trade active:
Yesterday crude oil finally closed near $68.70, the daily line with an upper line longer than the lower line of the hammer shape closed line, and after the end of such a shape, crude oil rebound short, follow the market long and short conversion to do shock can! Today, crude oil pays attention to the upper resistance near $70.10, and the rebound relies on selling below the resistance here, and the lower target can be near $67.0.
Trade active:
Crude oil 70.8-71sell tp68.5-68
Trade active:
Crude oil 70.8-71sell tp68.5-68