Crude oil market analysis:
The crude oil pattern shows that it is starting to hover at the bottom. Continue to sell when it rebounds. If the 65.30 position is not broken, you can stick to the bearish idea. The recent tariffs and fundamentals of crude oil make it difficult to rise, and the previously announced inventory data has also increased a lot. Crude oil rebounds to 62.00 today and can be sold. If it breaks, the next selling position is around 63.80.
Fundamental analysis:
There are not many data this week, but there are still many fundamentals. Note that the market will rest on Friday this week, which is Good Friday.
Operation suggestions:
Crude oil---sell near 62.00, target 60.00-59.00
The crude oil pattern shows that it is starting to hover at the bottom. Continue to sell when it rebounds. If the 65.30 position is not broken, you can stick to the bearish idea. The recent tariffs and fundamentals of crude oil make it difficult to rise, and the previously announced inventory data has also increased a lot. Crude oil rebounds to 62.00 today and can be sold. If it breaks, the next selling position is around 63.80.
Fundamental analysis:
There are not many data this week, but there are still many fundamentals. Note that the market will rest on Friday this week, which is Good Friday.
Operation suggestions:
Crude oil---sell near 62.00, target 60.00-59.00
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.
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.