Crude oil price trend analysis for next week.

Mar 14

After a surge, oil prices are now entering a short-term cycle of "surge-retreat-reconfirmation". Although the daily chart has broken through the recent trading range, the KDJ indicator shows an initial overbought signal (K value 52.48). Without any new unexpected supply disruptions, the market is likely to fluctuate at high levels or experience a slight pullback to support levels during the day.

Support Levels:

First Support Level: $94.50 (Lower edge of today's consolidation range)

Strong Support Level: $89.80-$92.30 range (5-day moving average and area of concentrated technical pullback)

Resistance Level: $100.64

Buy Opportunity: If oil prices fall back to around $94.50

We welcome all traders to share their opinions and let's discuss them together.
USOIL USOIL USOIL

Mar 16

Trade active

As oil prices rebounded above $100, some bullish investors opted to take profits. Looking at fund flows, although retail investors are still frantically chasing crude oil ETFs, professional institutions have begun to quietly withdraw and transfer funds to other sectors. This indicates that smart money in the market believes that the surge in oil prices caused by the conflict may lack sustainability. The sharp drop in oil prices during the US trading session was a concentrated release of this long-accumulated downward pressure. This aligns with my previous analysis. The short position at 101 points has been closed. If oil prices retrace to the $91.00-$92.00 range, consider placing a small long position.

Mar 17

Trade closed: target reached

From the opening to the closing of the market in the first two days of the week, we made perfect profits whether we went long or short. As long as you followed my daily articles and waited for the right entry points, I believe everyone did quite well!