Domineeringdeal

Crude oil rises first and then falls, and the high level washes

MCX:CRUDEOILM1!   Crude Oil Mini Futures

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Crude oil went up again on Wednesday and touched the 74.70 line, and then there was a quick wash in the market, but it was only a small level of adjustment in the overall bullish trend, so the rise appeared again in the early morning. The current uptrend is not over yet, so continue to consider low prices. For crude oil operation, it is recommended to buy at 73.40, stop loss at 72.90, and target 74.70~75.90.

Crude oil closed positive on the daily line and broke through the high range, indicating that the recent sideways arrangement has ended, and the market has once again entered a bullish trend.
The intraday pressure is 74.70~75.90, and the support is 73.40~72.70.

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