step back on key support and continue to consider long orders

9 Mar 2023

On Wednesday, the data was bullish, but crude oil did not rise. After a weak rebound, it continued to decline. The market has already released most of its downward pressure here, and it is highly likely that it will rebound from here. If it falls directly to 75.50 without rebounding, it may be considered for a low long position. Friends who have long positions need not worry for now.

I am not sure about everyone's position and direction, so feel free to leave a message below or join the discussion channel to discuss together. Being trapped is not scary, what's scary is not having a method.

The following are the reasons for expecting a bottoming and rebound in crude oil:

The downward momentum of crude oil has weakened, and the daily candlestick shows a clear reduction in the size of the bearish body.
According to the updated wave trading system, the current trend is still considered to be part of the upgraded X wave c, and the structure of X wave a suggests that there may be further downside in the short term, followed by another upward movement.

The intraday resistance is at 76.90-77.30, and support is at 76-75.50.

9 Mar 2023

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Looking for like-minded friends, welcome to join my free telegram channel

9 Mar 2023

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Crude oil rises, congratulations to friends who operate together

9 Mar 2023

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At present, there is a relatively large profit, and everyone can stop the profit by themselves

9 Mar 2023

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rose beautifully

9 Mar 2023

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Already have a large profit, you can reduce your position on rallies

9 Mar 2023

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Everyone can enter the discussion channel and communicate at any time

9 Mar 2023

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The profit has been taken, waiting for the next entry opportunity