$Micro Crude Oil Futures (AUG6) (MCLmain.US)$ Looking back at yesterday's WTI crude oil trend, the Asian market continued to rise slightly. After the opening of the European market, the price began a wave of corrective decline, falling from 109.0 US dollars to around 107.4 US dollars. Starting at 17:30 p.m., the steady rise began. Influenced by the US having to buy back 60 million barrels of crude oil, crude oil rose all the way to an intraday high of around $111.4, successfully breaking through $110. Afterwards, the market was affected by the passage of a “NOPEC” bill by a panel of members of the US Senate, and the market peaked in Japan. Furthermore, the market was worried about US inflation and economic prospects, and US stocks and gold fell sharply, driving the decline in the oil market to expand. After falling from an intraday high of $111.4 to $106.5, a slight rebound began. This kind of market is all driven by real-time news, and tracking orders is the riskiest operation. Yesterday, after falling to $106.5, I saw that Qiwen opened a small amount of around $107.2 and got $108.4 (in the middle of this, the first time I opened a position, the stop loss was small, and it was also reduced a bit).
From a technical analysis, yesterday's daily chart showed that a Xiaoyang line with a long lead was near the upper rail of the BOLL, and the long lead broke through the upper rail of the daily line. (If a long solid negative line is removed today, the short-term bulls will lose control and become neutral). Since Monday, I've been saying, note that the daily chart boll is tightening. This trend, or b...