USOIL continues to rise 85 today?

Prices have pulled back after hitting a four-month high of $83 yesterday on Monday. Russia has increased exports in response to Ukrainian attacks on the country's oil infrastructure. Saudi Aramco CEO Amin Nasser has rejected the idea of phasing out fossil fuels, calling it a fantasy.

Looking at the daily chart of crude oil, oil prices have fluctuated for about two weeks based on the moving average system, and oil prices have once again tested the upper edge of the channel. The two big positive lines show strong upward momentum, and it is expected that the mid-term rise will open up room for growth after adjustments within the week.

Crude oil (1H) continues to trend higher and continues to hit new highs. The moving average system maintains a bullish arrangement and is supported by the 5-day moving average. The short-term objective trend is upward. Oil prices have adjusted slightly from high levels. It is expected that crude oil will continue to fluctuate upward in the short term during the day. Pay attention to the short-term support effect of 81.5.

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