Technical analysis of crude oil
Daily resistance 74.2, support below 72.7
Four-hour resistance 73.7-74.2, support below 72-71
Crude oil operation suggestions: Crude oil continued the recent extremely weak short-term unilateral downward rhythm yesterday, with the Asian and European sessions showing a downward trend, and the US session suppressed and fluctuated below the 73.5 mark.
The overall price continued the recent unilateral short-term downward rhythm. Today's upper resistance is around 73.7-74.2. Today's rebound relies on this position to continue the main short-term bearish trend. The short-term oil price short-term weak dividing line focuses on the 74.2 mark. Any rebound before the daily level breaks through and stands on this position is a short-selling opportunity, and keep trading with the trend.
SELL:74.2 near SL:74.50
SELL:73.7 near SL:74.20
Technical analysis only provides trading direction!
Daily resistance 74.2, support below 72.7
Four-hour resistance 73.7-74.2, support below 72-71
Crude oil operation suggestions: Crude oil continued the recent extremely weak short-term unilateral downward rhythm yesterday, with the Asian and European sessions showing a downward trend, and the US session suppressed and fluctuated below the 73.5 mark.
The overall price continued the recent unilateral short-term downward rhythm. Today's upper resistance is around 73.7-74.2. Today's rebound relies on this position to continue the main short-term bearish trend. The short-term oil price short-term weak dividing line focuses on the 74.2 mark. Any rebound before the daily level breaks through and stands on this position is a short-selling opportunity, and keep trading with the trend.
SELL:74.2 near SL:74.50
SELL:73.7 near SL:74.20
Technical analysis only provides trading direction!
Trade active
Trade active
Crude oil fell from 73.7 to 73.1, profit 60pipsNote
73.7~72.9 Crude oil strategy profit 80pipsNote
Thursday 6/6Technical analysis of crude oil
Daily resistance 74.2-78.4, support below 72.7
Four-hour resistance 75.0, support below 72.7-74.2
✅Crude oil operation suggestions: Crude oil fluctuated around the 73 mark yesterday and then saw a volatile rise. The US market rose slightly and stood above the 74 mark to close. The overall price showed a short-term support and stabilization pattern near the 72.5 mark.
At present, the overall price is still suppressed below the 76.5 mark and shows a weak and bearish rhythm. Yesterday's short-term rebound did not change the overall downward expectation. The support below should focus on yesterday's hourly neckline near 73.5-73.7.
SELL:75.0 near SL:75.3
SELL:73.7 near SL:74.20
Technical analysis only provides trading direction!
Trade active
Trade active
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💥Telegram Channel Free Updates 👉🏻
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✉️Gold Signal and daily analysis channel
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✉️Gold Signal and daily analysis channel
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.