Crude Oil Analysis:



Yesterday, crude oil’s high channel-and-string (Silk Road) target was reached with precision! Took down 8 in total!

In the news, the Middle East geopolitical situation hides fluctuations. The United States’ crude oil inventory digestion pace has accelerated, expectations for the demand-side rebound are heating up, and bearish sentiment is gradually being absorbed.

From a technical perspective, on the hourly chart, after bottoming out at 99.04, it strongly stabilized. At low levels, it closed with a stop-fall bullish candle. The KD indicator is forming a low-level golden cross, turning and heading upward. In the short term, oversold rebound momentum is sufficient; you can pull back to test and go long lightly.

Trading suggestion: 95-99, with targets above 105-110.
$BTC $GT $ETH #Gate广场五月交易分享
BTC0.17%
GT1.36%
ETH-1.08%
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