Dylan-Jones

Crude oil: all the way down

TVC:USOIL   CFDs on WTI Crude Oil
Through the analysis of the hourly chart of crude oil, we know that yesterday’s market rebound was unable to continue the downward trend. It has now reached the 82.3 line and has slowed down the downward trend. We can clearly see from the attached picture below that a phased bottom signal has appeared again. In the last time When it appeared, it rebounded slightly and reached the No. 2 pressure level above and then fell back. At present, the No. 1 pressure level above has in turn become the first pressure. In the short term, we will continue to focus on shorting on rallies.
Strategy: 84.1 short
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