Those who were waiting for oil prices to dip further yesterday got a higher price today. Brent crude $BZ (the OKX USDT perpetual contract price) rose 2.92% in a day to 91.66, just shy of the 24-hour high of 91.67.
It climbed all the way back from a low of 88.26 in a single day. A move this sharp is hard to watch if you missed the entry, and waiting for a pullback has only brought prices near the high. Those already holding positions may not feel much more at ease, worried that the next pullback could wipe out the gains at any moment.
I’d rather sit tight for now. After gaining 2.92% in a day and hovering near the high, chasing it doesn’t offer much value. But if it really breaks above 91.67, I’ll change my mind immediately—that would show this rebound is more than a one-day wonder.
With oil back near its high, do you think this is just getting started, or is distribution already underway?
$BZ
#原油 #MarketAnalysis
It climbed all the way back from a low of 88.26 in a single day. A move this sharp is hard to watch if you missed the entry, and waiting for a pullback has only brought prices near the high. Those already holding positions may not feel much more at ease, worried that the next pullback could wipe out the gains at any moment.
I’d rather sit tight for now. After gaining 2.92% in a day and hovering near the high, chasing it doesn’t offer much value. But if it really breaks above 91.67, I’ll change my mind immediately—that would show this rebound is more than a one-day wonder.
With oil back near its high, do you think this is just getting started, or is distribution already underway?
$BZ
#原油 #MarketAnalysis