Li Ranqing:10month24Japanese crude oil entered a sideways trend, still maintaining a high short selling mentality

Li Ranqing:10month24daycrude oilEntering sideways trading, maintaining a high bearish mentality

   
      
The crude oil price has been at a high level during this period, and a horizontal pattern has appeared on the technical chart. Mainly because the impact of the news is becoming increasingly lackluster, and with no fixed prospect of interest rate hikes in the United States, the market dare not overly look unilaterally. Currently, the market sentiment is generally optimistic12In the month, the Federal Reserve will raise interest rates, adding author Li Ranqing's WeChat accounttre458I am confident that I am your guide on the investment path by obtaining daily financial information, market trend analysis, and trading strategies.
         
With the news of frozen production calming down, the market has gradually entered a state of calm, despite the continued positive comments from Saudi Arabia and Russia on crude oil prices last week. But the positive news from such a mouth is limited after all. In the morning, crude oil still showed a certain low opening, indicating that after the crude oil market was under pressure at the top, the stimulation of the news could not lead to a new high in prices, and there would still be a certain amount of selling. Li Ranqing suggests that investors can add me, WeChattre458To avoid unexpected losses caused by risk events, and to plan suitable entry profit opportunities in advance.
        
At present, the news is gradually fading, and there will be more and more selling in the crude oil market. The main pressure currently above is located4770Nearby, it is expected that the market will still experience some decline after testing at this position. It is recommended that investors continue to focus on this main pressure position in their operations and maintain a short selling strategy at high points. To break through, focus on the unilateral situation again.
            
　　Suggestions for spot crude oil operation
           
　　1. Callback oscillation range low4730reach4740Long range, stop loss4700, Objective4780reach4790
　　2. Rebound breaks through Friday's high and daily chart5Daily moving average position4785On the front line, consider a pullback4770reach4780Take the trend long and stop loss in the interval4740, Objective4820reach4830
　　3. rebound4830(rebound61.8%Location of)Short selling, stop loss4860, Objective4790reach4800
         
　　The above points are provided by the author Li Ranqing's platform, and specific resistance support points are analyzed with added credibilitytre458Acquiring is not that you can't make money, it's just that you've chosen the wrong team and the wrong people, and endless guidance will only make you fall deeper and deeper