Crude oil has shown a strong rise, short-term focus on 74.3 supp

12 июл. 2023 г.

Looking at the daily level of crude oil, the Bollinger Bands open upward, and the price breaks through the resistance on the upper track. The bullish trend is clear. Short-term operations and other callbacks enter the market, following the trend. In the 1H chart, the Bollinger Bands continue to open upward, and the opening price of the Asian market rose. Going out of the recent new highs, in the short-term within the day, pay attention to the support in the 74.3-74.5 area below, and wait for the callback to stabilize before you can place more orders.

Operation strategy: wait for the opportunity, go long around the callback 74.3, otherwise give up its trade