Crude oil is bearish for several reasons:
1. Crude oil’s daily line once again fell below the low level of the platform, indicating that the second decline has started, so continue to look at the new support area today, which is also the ultimate goal of the second round of daily line adjustments.
2. According to the update of the wave trading system, the five-wave push of wave B a has already appeared, and it has entered the mid-term adjustment wave of wave B b. There will be three waves downward, and the second wave of decline is already in progress.
3. The intraday pressure is 75~75.55, and the support is 74~72.70.
USOIL
WTI
1. Crude oil’s daily line once again fell below the low level of the platform, indicating that the second decline has started, so continue to look at the new support area today, which is also the ultimate goal of the second round of daily line adjustments.
2. According to the update of the wave trading system, the five-wave push of wave B a has already appeared, and it has entered the mid-term adjustment wave of wave B b. There will be three waves downward, and the second wave of decline is already in progress.
3. The intraday pressure is 75~75.55, and the support is 74~72.70.
USOIL
WTI
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