$Crude Oil Futures (JUL6) (CLmain.US)$ $Micro Crude Oil Futures (JUL6) (MCLmain.US)$ $E-mini Crude Oil Futures (JUL6) (QMmain.US)$
From a technical perspective, yesterday's market opened high and closed low, falling 15 dollars from its peak. The daily chart formed a small bearish candle with long upper and lower shadows.
Although there may still be rebounds at the lows, bulls should remain cautious.
Within the day, prioritize the bearish strategy 1.
Wait for the market to stabilize. If it breaks below 115.5 dollars and rebounds without exceeding 122 dollars, forming a new bearish signal, enter short positions in batches.
If the market stabilizes and rebounds without breaking below 115.5 dollars, or forms a small-scale bearish trend (like yesterday’s rise from 115.5 dollars to 122 dollars), reduce position size when entering short trades compared to normal levels.
If the price does not break below 115.5 dollars but starts rebounding with strong bullish candle patterns on the four-hour chart, or if support is established around 117 dollars followed by an upward movement, bulls can cautiously initiate long positions. If a bullish trend emerges during the day, execute bullish strategy 2.
Based on the trend analysis, after an initial rebound and subsequent decline, if the decline holds above 117 dollars, this would form a new buy signal for entering long positions.
A reminder to all traders: reduce the number of lots when opening or adding to positions, m...