Short-term short selling of crude oil

15 thg 5, 2023

Judging from the high-level trend chart, crude oil is still in a trend channel of shocks and declines. In the short term, I personally still think that it is mainly short-selling.
70.35, as a support pressure conversion point, is now maintaining shocks. During the downward process, the front support may become short-term pressure. So when looking for an upward breakthrough, it will take time to confirm,

https://www.tradingview.com/x/0RU4cnGh/

Going high and shorting mainly, the first target position of take profit is 69.9 and the second target position is 69.4

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15 thg 5, 2023

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The crude oil market also maintains a 70.25 first-line shock. At present, this position is very controversial and can be deployed one after another.