Will crude oil fall into a volatile trend again today?

The overall market fluctuations on Friday were not large. Only after the US market, OPEC broke out that it might increase production again in August. At this time, the market responded positively and quickly fell from $66.09 to $64.80, a drop of $1.29. This was the largest intraday fluctuation. Finally, the market continued to fall after a volatile rise. The daily line finally closed with an inverted hammer line with a long upper Yin line. That is, the market has been fluctuating between $64 and $67 for the past three days, and there has been no rebound. Today, the opening price of crude oil is $65.15.

From the perspective of the market falling from $78.40 to the current $64, the decline was too fast and too large, and the market did not rebound. Structurally, the market needs to rebound before it can fall better. However, today's market seems too bland for OPEC's production increase. OPEC has confirmed that it will increase production again in August. Other oil-producing countries will certainly follow suit, which will cause crude oil to come under pressure again. After the market has been sideways at $64-67, there has been no rebound. The current market is in a short position, so in our operations, we will place orders when the market reaches that point first. . . . .

🚀🚀🚀Short at $66.35 above, stop loss at $66.70, and take profit at $64.60. (Aggressive short at $65.95).

🚀🚀🚀If the market does not rise today but falls sharply, you can try to go long at $63.80, stop loss at $63.2, and take profit at $65. . . .

Trading is risky, please control it reasonably. The trading strategy reference given by Charlie is only a numerical reference during trading, and all operations are based on real-time orders. USOIL USOIL USOIL USOIL USOIL