Oil is still in an upward trend, wait for the right support point to buy
During the recent period, the highest point of oil was 75.8 and the lowest point was 70.5. Daily line: 67.71 support point, 79.8 resistance point 4H: 70.5 support point, 76.18 resistance point These three important resistance points are 76.1-76.7-77.1
I see the possibility of oil bottoming at 70. The upward trend at this stage may reach 78-80. The previous shock range has gradually broken through. At this stage, as long as it does not fall below 74 this week, it is not recommended to trade short orders.
The above is my oil analysis. The market changes rapidly. The prediction needs to be combined with the market trend to achieve expectations. The above analysis is for your reference. I will continue to follow up and share in the future.
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