Crude oil made a small gain yesterday. The oil price of 70.80~71.70 tested the previous high pressure again, but returned in vain.At present, the decline is not over yet, and there is a possibility of a short-term pullback to start the bottom, so today we are bearish and then choose the opportunity to buy.
The chart is a 4H chart of crude oil
Crude oil is bullish for the following reasons
1. Although the daily crude oil line failed to break through the last rebound high, the bulls' intention to rise is still there.
2. According to the update of the wave trading system, the second rebound of Wave B and c is already on the way, and the current adjustment of the secondary level may end.
3. The intraday pressure is 71.70~72.20, and the support is 70~69.40.
Yesterday's thinking continues, if you are trapped, don't be afraid, keep paying attention
The chart is a 4H chart of crude oil
Crude oil is bullish for the following reasons
1. Although the daily crude oil line failed to break through the last rebound high, the bulls' intention to rise is still there.
2. According to the update of the wave trading system, the second rebound of Wave B and c is already on the way, and the current adjustment of the secondary level may end.
3. The intraday pressure is 71.70~72.20, and the support is 70~69.40.
Yesterday's thinking continues, if you are trapped, don't be afraid, keep paying attention
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