Crazylambboy

Crude oil double top appears, short exit

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MCX:CRUDEOIL1!   Crude Oil Futures

Crude oil was in place in one step in the morning, and the bulls directly started the final upward move, but in the end there was still a little distance from the key pressure of 78.05, so they were under pressure ahead of time. At present, a double-top pattern has been formed and the neckline has also fallen below. Here, it is necessary to consider that the bulls have rebounded possibility of early termination. Therefore, high-altitude thinking is mainly considered at night. Crude oil operation is recommended to sell at 77.05, risk control is 77.55, and the target is 75.90~75.30.

Crude oil is bearish for several reasons:
1. The structure of triple triple waves of crude oil has appeared, and the rebound has also been under pressure in the 50%~61.8% area of the golden section. Today's upward rush again has failed.
2. The intraday pressure is 77.05~77.75, and the support is 76.30~75.40.

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