Yesterday, I judged that oil would start to rebound because it fell too much, and the highest rebound was near 85.6.
The Israeli-Palestinian conflict is still the main factor affecting the trend of oil prices. If the Israeli-Palestinian conflict further involves Iran, it is necessary to be wary of the impact on oil supplies in the Middle East, which may cause oil prices to rise sharply.
From the point of view of technical indicators, 85.5 is now an important boundary point. If it breaks through 85.5 and is supported, oil I think will continue to rise, and may reach 86.5, or even 88.3 along the trend line.
Now we need to observe the support strength of the 84-84.5 range. If oil can't break below this range, you can try to buy in this range.
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Oil is not supported in the range of 84-84.5
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Oil fell to 82.5 and returned to 84 again
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Waiting for U.S. market time
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Today is Friday. If you still have trading orders, it's best not to stay until next week to avoid accidents on the weekend. The trend of gold and oil is the same as I predicted, but there is no good entry point. No matter if you make a profit or a loss this week, I hope you and your family can have a good weekend. I will continue to share next week and let us make a profit together next week.
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