$CL
Today's crude oil price action is a typical “range-bound then stepping down” move.
Starting from the early high near 100.59, the price has been drifting lower with choppy fluctuations. Several times in the middle it tried to bounce slightly, but it failed to turn green, which shows the bulls’ strength is weak and the bears firmly control the situation. Although it was briefly smashed down to a low of 99.07 in the afternoon, it was quickly pulled back, and it is currently hovering around 99.90.
In other words, the broader direction is bearish, but around 99.07 there is clear bargain-buying participation, and in the short term price is currently trying to find support at this level.
Now 99.90 is the pivot between buyers and sellers—don’t rush!
What we need to see now is whether price can move back above the level. If it can return above and hold with increased volume, it would suggest the dip is temporarily successful, and you can look for a short-term long. If it keeps weakening and breaks down again, then you should be cautious about the possibility of another test of the previous low support.
Want to catch the entry point precisely? Join the chat room—I'll take you to follow the market 阿浪的聊天室
#原油 #美联储加息是否已成定局
Today's crude oil price action is a typical “range-bound then stepping down” move.
Starting from the early high near 100.59, the price has been drifting lower with choppy fluctuations. Several times in the middle it tried to bounce slightly, but it failed to turn green, which shows the bulls’ strength is weak and the bears firmly control the situation. Although it was briefly smashed down to a low of 99.07 in the afternoon, it was quickly pulled back, and it is currently hovering around 99.90.
In other words, the broader direction is bearish, but around 99.07 there is clear bargain-buying participation, and in the short term price is currently trying to find support at this level.
Now 99.90 is the pivot between buyers and sellers—don’t rush!
What we need to see now is whether price can move back above the level. If it can return above and hold with increased volume, it would suggest the dip is temporarily successful, and you can look for a short-term long. If it keeps weakening and breaks down again, then you should be cautious about the possibility of another test of the previous low support.
Want to catch the entry point precisely? Join the chat room—I'll take you to follow the market 阿浪的聊天室
#原油 #美联储加息是否已成定局
