Yesterday, the conflict in the Red Sea region of the US market escalated, and a cruise ship incident occurred, so gold and crude oil rose sharply. However, the biggest impact of this incident was on energy, and the impact on gold was limited, So, crude oil breaks through the technical suppression of the 4H mid-track and continues the upward trend. On the weekly line, the market first fell and then rose last week and closed with a long lower shadow line and a positive line, indicating that there is some support below, and the market is more likely to rebound this week. However, the market is still below the 20-day moving average, and the overall market will still be under pressure. There is pressure at $74.61 at the top, and support at $72 at the bottom.
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Today’s analysis perfectly predicted the market situation
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