Crude oil market analysis:
Recently, crude oil has been rising, and buying is slowly climbing, but the amplitude is not particularly large. The daily line has not formed a large buying pattern. It is currently a technical repair market after falling too much. Today's idea is to sell on the rebound. Pay attention to the suppression near 70.00. If this position is broken, it may change the short-term trend and buying may rise.
Fundamental analysis:
Last week, Trump increased tariffs on Canada and is about to increase tariffs on Brazil. There is no sign of stopping the tariff war. It is long-term bullish for gold. The situation in the Middle East has not completely stopped, and it is also long-term suppression of the US dollar to support gold.
Operation suggestions:
Crude oil------sell near 70.00, target 66.70-63.00
Recently, crude oil has been rising, and buying is slowly climbing, but the amplitude is not particularly large. The daily line has not formed a large buying pattern. It is currently a technical repair market after falling too much. Today's idea is to sell on the rebound. Pay attention to the suppression near 70.00. If this position is broken, it may change the short-term trend and buying may rise.
Fundamental analysis:
Last week, Trump increased tariffs on Canada and is about to increase tariffs on Brazil. There is no sign of stopping the tariff war. It is long-term bullish for gold. The situation in the Middle East has not completely stopped, and it is also long-term suppression of the US dollar to support gold.
Operation suggestions:
Crude oil------sell near 70.00, target 66.70-63.00
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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.
Good trading signals can help you make profits in the market. I will share trading signal analysis of various products every day, hoping to help you!
t.me/+WHE58rEaywExNWVh
t.me/+WHE58rEaywExNWVh
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.