Crude oil continues to bearish pressureTechnical analysis of crude oil
Daily resistance 74.2, support below 72.7
Four-hour resistance 73.7-74.2, support below 72-71
Crude oil operation suggestions: Crude oil continued the recent extremely weak short-term unilateral downward rhythm yesterday, with the Asian and European sessions showing a downward trend, and the US session suppressed and fluctuated below the 73.5 mark.
The overall price continued the recent unilateral short-term downward rhythm. Today's upper resistance is around 73.7-74.2. Today's rebound relies on this position to continue the main short-term bearish trend. The short-term oil price short-term weak dividing line focuses on the 74.2 mark. Any rebound before the daily level breaks through and stands on this position is a short-selling opportunity, and keep trading with the trend.
SELL:74.2 near SL:74.50
SELL:73.7 near SL:74.20
Technical analysis only provides trading direction!