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Crude oil will continue to fall

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The trend of crude oil is a band, with the top near 93. It is obviously still in a downward channel, especially the short trend on the four-hour line is more obvious. The K-line is running below the Bollinger Band, and the middle rail is the resistance level of crude oil. Shorts occupy the main body. .

The support level below crude oil is around 81.2. At the same time, 77 and 72 are both target levels for shorts. 87.3 for crude oil is resistance and is also a short entry.

If oil prices break above 87.3, this will halt the expected bearish trend and push oil prices back into the main bullish trend.

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Continuously correct the downward trend

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