3.3 Crude Oil 70.50 Regional Short Selling

2025-03-03 2451

WTI US crude oil support levels and pressure levels for each cycle:

The weekly support level for US crude oil is in the 68.50 area, the daily pressure level for US crude oil is in the 70.50 area, and the 4-hour support level for US crude oil is in the 69.20 area

Crude oil started to rise from the weekly support level of 68.50 last week, breaking through the 4-hour pressure level of 69.20 and directly rising to the first daily pressure level of 68.10. The second pressure level of crude oil is still in the 71.10 area, but today the first level of 70.10 has not broken through and has formed a downward trend. Therefore, today's recommendation for crude oil is not to go long, to rebound in the 70.50 area and go short, with a stop loss of 50 points. Alternatively, after falling below 69.85, a new pressure level may form within a 1-hour cycle and rebound short.

Crude oil trading today: Short selling US crude oil at 70.50, stop loss at 71.00, take profit at 78.90

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