Crude oil rebounded and broke, continue to see more

28 mars 2023

Crude oil broke through the previous high point yesterday, and the bulls continued to consolidate without too many corrections in the day. This wave of rising breakouts also shows that the short-term bulls will continue to exert their strength upwards, so we will continue to be more bullish at night. Crude oil operation is recommended to buy at 73.05, risk control 72.60, target 74.0~74.4.

Crude oil is bullish for several reasons:
1. The daily crude oil closed at Zhongyang and broke through the previous high, and continued to be bullish under the trend.
2. According to my personal analysis, the bottoming trend of the second stage of the Z-wave 2 rebound has ended, and it is currently in the third stage of the rebound. The upper part focuses on the position of 61.8% of the golden section, which is also the previous trend line back pressure.
3. The intraday pressure is 74~74.40, and the support is 73.05~72.60.

Hello traders, if you have better ideas and suggestions, welcome to leave a message below, I will be very happy