Yesterday's crude oil was relatively tragic. I believe that many people were trapped, and even many friends have already exploded their positions. The market is really ruthless, but we must have a reasonable strategy to deal with it.
The bears of crude oil continued their efforts on Wednesday. The unexpected trend directly tested the previous low. At present, it is already supported here. Therefore, it is necessary to reverse the thinking in the short term and consider it much lower. At the same time, it does not rule out that the second bottoming out has already ended this morning.Crude oil operation is recommended to buy near 69.30
Crude oil is bullish for the following reasons
The daily crude oil line has already fallen to the bottom of the early stage this morning, and at the same time, the bulls quickly recovered some of the lost ground. According to the update of the wave trading system, although the decline adjustment of Wave b is relatively deep, there are signs of a stop at the bottom of the early stage, so it is possible to enter the second rise of Wave B