Recently, crude oil has experienced a major pullback and is currently in a phase of rebound and volatility. Yesterday's market surged and fell back, and at one point fell to around 77.00. Currently, it has stopped falling and rebounded. From the attached chart below, it can be clearly seen that there have been signals of bullish players laying out their positions at the bottom area, as well as several buy signals during the process of rebound and pullback, which have formed a small rebound wave. Currently, there is another buy signal appearing during the pullback, and with the potential influence of EIA data in the evening, it is highly likely to see another upward rebound. Our focus remains on the resistance level near the 80.90 moving average. In terms of operation, we continue to adopt a short-term strategy of selling high and buying low.
Specifically, we suggest buying near the 77 level with a small position and paying attention to the breakthrough of 77.8. The specific profit-taking point will be updated in a timely manner in the post.
As for today's EIA , it will depend on everyone's own judgment whether to seize the opportunity or not. Stay tuned and let's reap the harvest together.
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Crude oil continues to test the support point, you can continue to buy
Trade active
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Focus on EIA
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The fluctuation is at the entry point, don't worry
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Bullish data, waiting to rise
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Go against the data and continue to hold
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Continue to hold, analysis will be given later
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leave in time, wait
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The downside space is limited, you can choose the opportunity to continue to buy up