Crude oil fell and closed down yesterday, opening high and moving low. After breaking through the low point of last Friday, a wave of weakness and continuous negative decline formed. In terms of news, the hope that Russia and Ukraine may make progress in the peace talks starting in Türkiye on Tuesday put pressure on oil prices. Crude oil formed a wave of weak decline in volume and closed lower. From a daily perspective, it has preliminarily formedBWave high point. The previous rebound has also emphasized being among the confirmed highs. Once obstructed, it will unfoldCThe waves adjust downwards. However, the moving average indicator still forms some support at present. The daily trend is transitioning downwards, and during the conversion process, it requires a long period of seesaw oscillation.
4The hour is over, this wave of rebound, breakdown107.0The lower point of the step was converted into a weak downward trend, and the last high point in the late last night's backdraft was108.45.This position is today's short-term short selling defense point,4If the rebound is confirmed to have ended within hours, it will move towards a downward wave shape adjustment, with a lower low point93.30Defeat is unfoldingCThe reference point for the wave's decline is currently in a neutral position, undergoing a sawing and fluctuating transition to a decline, with the moving average index scattered in a disorderly manner. And the small cycle is slowly transitioning downwards. Considering yesterday's weakness, it is still appropriate to continue today. The resistance lies in105.30-105.60 106.30defense108.50.In terms of operation, the rebound is mainly selected from high altitude.
Specific strategy recommendations for crude oil: crude oil105.10-105.30Nearby empty, see you106.0-106.3Fill in the gaps, defend108.3, Objective101.50-100.0。
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