🔥Luo Yi’s Crude Oil Outlook Review
After an earlier sharp decline wiped out the premium driven by geopolitical tensions, support held at the low of 86.65. I then judged that the market would begin a corrective rebound. With the price at 91.58 at the time, the plan was to look for a long entry if a pullback to 90.7–91.0 stabilized, with a stop at 90.2 and a first target of 92.4. If the price rallied toward 93.6 and met resistance, we could try another short.
This rebound is a corrective move, not a strong one-way trend. There are still many uncertainties in the news: tensions in the Middle East could flare up again at any time, and concerns about demand have not faded. That’s why I’ve consistently warned against chasing rallies; it’s safer to wait for a pullback to test support and stabilize before positioning. The market is currently moving sideways and consolidating. The outlook remains unchanged: trade the range, manage risk, and patiently wait for opportunities to play out.$XAU #XAU
After an earlier sharp decline wiped out the premium driven by geopolitical tensions, support held at the low of 86.65. I then judged that the market would begin a corrective rebound. With the price at 91.58 at the time, the plan was to look for a long entry if a pullback to 90.7–91.0 stabilized, with a stop at 90.2 and a first target of 92.4. If the price rallied toward 93.6 and met resistance, we could try another short.
This rebound is a corrective move, not a strong one-way trend. There are still many uncertainties in the news: tensions in the Middle East could flare up again at any time, and concerns about demand have not faded. That’s why I’ve consistently warned against chasing rallies; it’s safer to wait for a pullback to test support and stabilize before positioning. The market is currently moving sideways and consolidating. The outlook remains unchanged: trade the range, manage risk, and patiently wait for opportunities to play out.$XAU #XAU
