Li Ranqing:10month24Japanese crude oil's bearish opening indicates a rebound in the market

Li Ranqing:10month24daycrude oilJumping open indicates a rebound in the market

      
                  
The crude oil price started a rebound after testing to a critical support level on the previous trading day, and the main reason for the rebound was stimulated by positive news. Finally, a sharp reversal was formed on the technical chart after a sharp decline. From the current technical chart, it can be seen that crude oil prices have the ability to continue to rise. However, if such a rising ability cannot be driven by news, it is just a cover. Investment carries risks, and caution should be exercised when entering the market. Add the authority of Teacher Li Ranqingtre458Get more details.

            
This morning, crude oil prices experienced a certain bearish opening, and as of now, the market has fallen back below the moving average. If there is no absolutely positive news to stimulate, crude oil is highly likely to continue to decline after jumping short, thus ending the rebound rhythm.
               
From the perspective of drawing, it can be observed that,The price of crude oil rebounded last Friday4710The nearby position is the key support for the sustained high volatility and upward trend of the current price, as well as the support position for the upward trend line.The current upward trend line support position continues to shift upwards over time, and if crude oil prices continue to fall below the support position after opening low today, it will directly lead to a collapse. Adding the author, Li Ranqing Weixingtre458I am confident that I am your guide on the investment path by obtaining daily financial information, market trend analysis, and trading strategies.

         
The current top shape is relatively complete, and the probability of a downturn in the market is relatively high. Today, due to the lack of much news stimulation,Author Li Ranqing suggests that investors adopt a short selling strategy when trading crude oil, with the reference trading point above located at the back pressure of the moving average4780Near.
         
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