Usoil:Can it change the downward trend?

As can be seen from the chart, oil is still in a downward trend, but 73.7-74.1 has been supported twice. It can be judged that oil has not chosen the direction before the OPEC+ meeting.

The support of 73.7-74.1 can still be observed today. If it breaks below, it may reach near 72, but the chance of this is very small.

The upper resistance is between 75.8-76.2. If the range is broken, it can be judged whether the oil has changed its downward trend.

Therefore, you can buy low in the volatility range, sell high, and set a stop loss, so that your success rate will be greatly increased.

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Did not break through the resistance range

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Same as I predicted

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Oil has broken through the downward trend

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