U.S. crude oil technical aspects:
Daily chart: The Bollinger Third Track is closing, the MA5 moving average and the MA10 moving average are running crosswise, the K line trades between the MA5/MA10 moving averages below the Bollinger Middle Track, the MACD fast and slow line is crossing above the 0 axis, and the green kinetic energy is decreasing quantity. The daily crude oil price fell back after rebounding and the market was volatile;
4-hour chart: The Bollinger 3 track is opening and running, the MA5 moving average and the MA10 moving average are bonded, the K line is trading near the MA5/MA10 moving average above the Bollinger middle track, the MACD fast and slow line is running with a golden cross below the 0 axis, the red kinetic energy is gradually decreasing, short-term Crude oil rebounded and then fluctuated.
Taken together: crude oil has fallen sharply and rebounded. During the day, long positions are mainly within the range. The recent market has been volatile, so be careful to stop losses strictly. The initial resistance above is around 87.00, and further resistance is around 88.00. The initial support below is around 85.00, with further support. Around 84.00.
Suggested trading strategies:
1: Go short near 87.0 at the top, stop loss 0.4, target around 86.0/85.0;
2: Go long near 85.0 below, stop loss 0.4, target around 86.0/87.0;
Daily chart: The Bollinger Third Track is closing, the MA5 moving average and the MA10 moving average are running crosswise, the K line trades between the MA5/MA10 moving averages below the Bollinger Middle Track, the MACD fast and slow line is crossing above the 0 axis, and the green kinetic energy is decreasing quantity. The daily crude oil price fell back after rebounding and the market was volatile;
4-hour chart: The Bollinger 3 track is opening and running, the MA5 moving average and the MA10 moving average are bonded, the K line is trading near the MA5/MA10 moving average above the Bollinger middle track, the MACD fast and slow line is running with a golden cross below the 0 axis, the red kinetic energy is gradually decreasing, short-term Crude oil rebounded and then fluctuated.
Taken together: crude oil has fallen sharply and rebounded. During the day, long positions are mainly within the range. The recent market has been volatile, so be careful to stop losses strictly. The initial resistance above is around 87.00, and further resistance is around 88.00. The initial support below is around 85.00, with further support. Around 84.00.
Suggested trading strategies:
1: Go short near 87.0 at the top, stop loss 0.4, target around 86.0/85.0;
2: Go long near 85.0 below, stop loss 0.4, target around 86.0/87.0;