JICPT| Crude oil penetrated key zone with room downside!
已更新
Hello everyone. The recent weak China weighed on crude oil and commodity currencies, e.g. AUD, NZD.
On the daily, the key zone failed to serve as a firm holder after two tests. The below 57.33- 59.50 is the refine of the weekly demand zone.
On the weekly, we can see price retreated from the bearish structure around 77. With the slowed China's economy in the 2nd half of the year, crude oil lacked fundamental support.
I think the oil related stocks would also be under pressure as well. So bullish buyers should be cautious.
On the daily, the key zone failed to serve as a firm holder after two tests. The below 57.33- 59.50 is the refine of the weekly demand zone.
On the weekly, we can see price retreated from the bearish structure around 77. With the slowed China's economy in the 2nd half of the year, crude oil lacked fundamental support.
I think the oil related stocks would also be under pressure as well. So bullish buyers should be cautious.
注释
Yep. Another lower low. Price may bounce up before starting another fall again. 注释
Price bounced back in the middle of the zones. Looking left side, no wonder it was a flip level. 
plan your trade and trade your plan
相关出版物
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。