Crude oil continues to be bullish after correction

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Crude Oil Technical Analysis
Daily resistance is 82-83, support below is 80.45
Four-hour resistance is 82.5, support below is 80.5

✅Crude oil operation suggestions:
Crude oil prices edged higher as a weaker dollar and renewed geopolitical tensions in the Middle East and Eastern Europe heightened concerns about supply disruptions. Recent Ukrainian attacks on Russian oil infrastructure have caused disruptions at Russian refineries, with at least seven refineries hit this month alone. This increases demand for available crude oil transportation.

Looking at crude oil from the daily chart level, after reaching a new high around 83, oil prices showed a downward adjustment pace. The strength of its pullback is limited. The rise remains unchanged in the medium term.

BUY:near 81.71
BUY: near 80.50
SELL:near 84.00

Technical analysis only provides trading direction!

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Crude oil found support and rebounded slightly

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Up 100pips

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Crude Oil Technical Analysis
Daily resistance is 82-83, support below is 80.45
Crude oil technical aspects
Four-hour resistance is 82.5, support below is 80.5

Crude oil operation suggestions:
Crude oil is still moving up and down in the range for the time being, relying on resistance to sell high and buy low. If the range is broken, we will chase the trend and trade
BUY: near 80.50
SELL:near 83.00

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Crude oil operation suggestions:
Daily resistance is 83.8, support below is 80.4
Four-hour resistance is 83.5, support below is 82
Crude oil is currently trading sideways at a high level, with insufficient short-term kinetic energy for both longs and shorts. There is not much room for daily retracements and the sustainability is not strong. In the accumulation of strength, it just lacks a little unilateral kinetic energy. Entering the long-short tug-of-war, this week's operations are still around 82 and short-term bullish. The upper short-term focus is on 83.5-85.0, and the lower short-term focus is around 82.0.


BUY:82.0~82.5

SELL:83.5~84

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The profit from selling crude oil has been 60pips

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Crude oil fluctuated very little today, but as I expected, the rise encountered resistance

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Daily resistance is 84.5-85.5, support below is 82.2
Four-hour resistance is 84.5, support below is 83.7-82.6
Crude oil operation suggestions: Analyzing from the four-hour and daily levels, crude oil today focuses on the first-line support near 83.7 below, and the first-line pressure above the 85.5 mark. During the day, multiple orders near 83.7 can be entered in sequence, and the daily level below supports the strong support of 82.6-82.2.
BUY:82.2~82.7
SELL:85~85.5

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Profit from crude oil decline exceeds 50pips

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Uptrend target completed