Seizing the opportunity, the oil rally hit the pause button

hace 5 díasCrude oil prices rose on the back of US PMI data. European PMI data showed a sharp decline in activity in the region's services and manufacturing sectors. The dollar index strengthened on Monday as European investors piled into the safe-haven asset.

Crude oil from the daily chart level, the medium-term trend fell to a low of 65.50, and then gained support for a short-term rebound. The daily line appeared a wave of master master alternating rhythm, and the bullish momentum increased. However, from the point of view of the moving average system, it still repress oil prices, and the medium-term objective trend remains downward. Pay attention to the 55-day moving average resistance to oil prices, the medium-term trend will continue to be mainly bearish.
After the short-term trend of crude oil (1H) hit a few new highs, it was quickly suppressed and turned downward, and the downward strength was strong. The moving average system has turned head, has not yet formed a short arrangement, and the short-term objective trend has fallen into a volatile rhythm. There were some signs of a rebound in oil prices in the morning, and the overall oil price still maintained a range of operations, and the high-level 4-hour trend was still mainly upward. It is expected that crude oil will remain in a wide range during the day, with a range between 70.40 and 71.70.

Suggestion:
70.90 Go long, STOP loss: 70.40, target 72.00.

hace 4 días

Operación activa

Hello everyone, the strategic target for crude oil has been reached today, with a profit of more than $1.1.

hace 4 días

Operación activa

hope it was helpful

hace 3 días

Operación activa

The analysis of crude oil yesterday was almost accurate. Congratulations on making a profit. Today we continue our efforts

hace 3 días

Operación activa

I think you'll need more signals and analysis, I'll keep updating!