15/1 crude oil trend analysis

International crude oil futures rose 1% last Friday. Although they rose, they could not erase last week's decline. Last month, OPEC and its allies pledged to cut production by 2.2 million barrels per day in the first quarter of 2024. After oil prices surged sharply last Friday (January 12), they gave back all their gains, which means that short sellers may make further counterattacks this week. Crude oil prices fluctuated up and down last week, with the daily chart moving up and down in a regular pattern. The 4-hour chart has rebounded with repeated dips, but it has held the low point for the time being, and the low point is rising slightly. However, the high point resistance has not yet been broken through, which makes the short-term space unable to see sustainability, and it is not ruled out that this kind of saw-saw type of washout will continue.

Today's crude oil trading has begun. I hope you can make profits in the volatile market.

Operación activa

Operación activa:

member signal
crude oil(USOIL):
SELL:72.1~72.2
❌sl:72.65
✅tp:71~70.5

Operación activa:

Today's trading volume is obviously insufficient. Signals only run slowly

Comentarios:

The lowest dropped to 71.6

‼️The New York Stock Exchange is closed.
CME Group will close in 3 hours