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Crude Oil (CL/USDT) Morning Market Analysis:
Crude oil continues a weak consolidation after a sharp selloff in the morning session. The current quote is 95.4, with an intraday drop of 4.93%. After the high reached 101.2, it fell off a cliff, probing down to 88.74.
From a technical perspective, after the price broke below the middle band, it rebounded. It is currently being pressured by the middle band. Overall, the opening trend is downward, with the bearish trend in the lead. There are signs of a weak rebound in the short term, but resistance in the 97.5–99 range is strong!
Looking at the overall trend, after a big drop, the game between bulls and bears is intense. Any rebounds are mostly corrective in nature. In terms of trading, An’an recommends focusing on selling on rebounds. Don’t chase rallies or sell into weakness—strictly control your position size and stop-losses! $CL #Gate广场五月交易分享 #美股加密概念股走强 #稳定币储备下降 #WCTC交易王PK #Web3安全指南