Crude oil market analysis:
Last week’s crude oil was very exaggerated because it broke the super suppression of 65.00 on the daily line. Once this position was broken, crude oil began to be standard. This is also the result of our many predictions of the cycle. Crude oil purchases will continue to soar this week. In addition, the escalation of the situation in the Middle East will make it difficult for crude oil to fall in the short term. I estimate that there is a possibility of repair. The retracement during the repair is our opportunity to buy again. In addition, the delivery period of crude oil futures contracts will also cause it to fluctuate violently again.
Fundamental analysis:
There are many fundamental analyses and data recently. Geopolitical factors are the main reason for its violent fluctuations. In addition, there is a holiday in the United States this week, and there is also a Federal Reserve interest rate result.
Operation suggestions:
Crude oil—-Buy around 71.00-72.00, target 73.00-77.00
