After bottoming down at $42, crude oil has made its way back into the 50s and has been range-bound ever since. When this happens, there usually isn't much to do other than sit on your hands or attempt to play setups within the range.
In the chart above, a 10-day trendline has formed with multiple touchpoints lending to the idea that this was strong support. The price broke through the trendline severely today and is currently racing back up to test it. I believe this broken trenline will now serve as resistance (especially if it tests it right away).
Short crude oil between 52.50 and 52.75
Target: 51.50
Stop: 53.10
In the chart above, a 10-day trendline has formed with multiple touchpoints lending to the idea that this was strong support. The price broke through the trendline severely today and is currently racing back up to test it. I believe this broken trenline will now serve as resistance (especially if it tests it right away).
Short crude oil between 52.50 and 52.75
Target: 51.50
Stop: 53.10
交易進行
The price has reached the sell zone.交易結束：達到停損點
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。