Crude oil market analysis:
Crude oil has been falling recently, but it seems that there are signs of a head-up trend in the past two days. Today, let's look at the opportunity of a small rebound to sell. The bearish trend of crude oil can still be maintained. Pay attention to the selling opportunity of 69.00. In addition, if crude oil stands near 70.00, we will consider selling it at 71.20. Crude oil is basically difficult to rise sharply without fundamental support.
Fundamental analysis:
The impact of tariffs is short-term, but the shadow of tariffs is long-term. It is inevitable that it will go back and forth in the future. Moreover, the situation in the Middle East has not been completely resolved. It is also difficult for gold to fall deeply now.
Operation suggestions:
Crude oil-----sell near 69.00, target 65.00-62.00
Crude oil has been falling recently, but it seems that there are signs of a head-up trend in the past two days. Today, let's look at the opportunity of a small rebound to sell. The bearish trend of crude oil can still be maintained. Pay attention to the selling opportunity of 69.00. In addition, if crude oil stands near 70.00, we will consider selling it at 71.20. Crude oil is basically difficult to rise sharply without fundamental support.
Fundamental analysis:
The impact of tariffs is short-term, but the shadow of tariffs is long-term. It is inevitable that it will go back and forth in the future. Moreover, the situation in the Middle East has not been completely resolved. It is also difficult for gold to fall deeply now.
Operation suggestions:
Crude oil-----sell near 69.00, target 65.00-62.00
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We share free trading signals of various products (XAUUSD, foreign exchange, oil, BTC) every day, with high accuracy and lucrative profits.
t.me/+4-wvg-b090E2MWFh
t.me/+4-wvg-b090E2MWFh
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.