After failing to break through 80 this week, crude oil fell again to around 75.56 after the US EIA inventory data emerged yesterday. There is currently no good news for crude oil in the market.
The overall trend of crude oil is very weak, showing a slow falling trend. After breaking above the moving average, oil prices did not stand firm but fell back and fell below again. The pressure on the daily line is still very strong.
Crude oil is currently bearish, and you can pay attention to trading in the 73.5-77.8 range.
Trade closed: target reached
75.8 nowNote
74.2 nowNote
Note
@73.2 we can go long SL 72.5 TP 75.3Trade active
Trade active
Note
waiting for 74.8Note
Range trading
Note
73.5-76.2
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.