Crude oil trend analysis next week

Looking at the daily chart of crude oil, it tested support near 80.7 at the beginning of the week and then strengthened. It can be seen that the support below the 80.3 mark is very strong. At present, crude oil has stood firmly above 83, and the trend is still strong. It is expected to continue in the future. On the upside, the upper resistance is near the 86 mark.


Looking at the four-hour line, it fell to around 80.7 at the beginning of the week and then rebounded to around 83.7. Then fluctuate and adjust. It rose strongly near the 82 mark on Thursday, reaching a maximum of around 83.8. There is expected to be room for further growth. In terms of intraday operations, follow the trend and go long. You can mainly refer to the 83-83.3 area to advance more and look above 85. Overall, the crude oil operation ideas next week will be mainly low-level declines and high-altitude rebounds, supplemented by high-altitude rebounds. The upper short-term focus is on the first-line resistance of 84.5-85.0, and the lower short-term focus is on the 82.5-82.0 first-line support.

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