Crude oil's performance yesterday was quite volatile, rebounding from a low of 59.4 up to a high of 61.4, and finally closing the day at 61. The overall trend remains bullish, with room for further upward movement. Both the four-hour and hourly charts show a consistent oscillating upward pattern.



From a trading perspective, the short-term outlook remains bullish, but a warning must be issued—oil prices have risen for four consecutive days, with a total increase of over 5 dollars. Such a rally is already quite significant in the short term. The market is prone to corrections at this stage, and the risk of chasing the high should be carefully considered.

In terms of operations, focus on the key levels at 60 and 59 below. Whether these levels can hold will determine the strength of subsequent support. Also, don't forget that the EIA data released tonight could cause volatility, and geopolitical developments could disrupt the market at any time, so be prepared for sudden market movements.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)