This is my forecast in the morning. Now that the oil has risen to the middle edge of the trend line, observe the resistance of 78.4.
Judging from the news, the OPEC+ meeting is discussing further production cuts, which may intensify tensions with the United States. At the same time, the market is focusing on whether Saudi Arabia and Russia will extend voluntary production cuts to 2024.Based on the comprehensive assessment of the core member states such as Saudi Arabia and Russia, based on their own interests, they are expected to do their best to maintain the stability of the crude oil market, and there is still some room for short-term prices to rebound.
I also reminded last week that oil is rebounding
From the chart, you can see that the oil has broken through the trend line, and now you need to observe the resistance above.
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Will it rise again today?
