XTIUSD: 15/8 crude oil trading strategy today

​Yesterday, oil prices continued to be suppressed technically, running below the 83 mark, showing a trend of shock consolidation. During the Asian-European trading session, the price was hit by the resistance of the 83.1 line, and quickly went down. In the afternoon, the price stabilized at the 82 mark and reversed. In the evening, it rushed up several times in the US market, but was suppressed by the 83 mark, weakened and fluctuated again, and was below 83 at the close, forming a negative line of shock and fall. Judging from the weekly chart, although there was a short-term correction of the cross K line after the continuous positive line rose last week, the overall market is still running in an upward channel. Although accompanied by a callback correction, the price shows a trend of horizontal consolidation, and there is no deep pattern of rushing up, falling back and closing down for the time being, implying that the current upward trend is not over yet, and it may still rise after the correction.

In the 4-hour chart, the local upward trend has slowed down and lost the support of the middle rail, but it is currently entering the process of correction and gaining momentum, waiting for a stable rise again. The overall price continues to fluctuate and adjust below the 83 mark, and there may be expectations of a further decline in the short term.

Crude oil operation strategy:
sell83.3-83.6,
sl60pips,
tp82.0

buy81.0-81.3,
sl60pips,
tp83.5