Crude Oil Market Analysis:
We’ve stated this dozens of times before: the overall trend of crude oil is bearish. As long as crude oil doesn’t break above 70.00, we can maintain our bearish outlook. Today, we maintain our bearish outlook and continue to sell on any rebounds. Crude oil fundamentals don’t support buying. The previous easing of tensions in the Middle East has also been suppressing crude oil prices for a long time, and the ever-changing tariff war is also suppressing crude oil. However, crude oil hasn’t broken through 63.00 yet. Today, we’re focused on selling if it breaks through. If it doesn’t, we’ll wait for a small rebound to sell. Focus on selling at 66.50.
Fundamental Analysis:
The tariff war has been the most influential fundamental factor affecting gold recently, and in the long term, it supports gold. This surge in gold prices is driven by Trump’s renewed turmoil. Furthermore, the Federal Reserve’s future monetary policy remains a key focus.
Trading Strategy:
Crude oil: Sell around 66.50, targeting 63.00-60.00.
