Yesterday's crude oil performance indeed showed some potential. It started to decline right after the opening, found support at the key level of 59.5, and then quickly rebounded. However, when it reached the resistance at 61.5, it encountered resistance and finally retreated to close at 60.9. The overall trend was a typical wide-range oscillation, with bulls and bears tugging back and forth at key levels.
Regarding the upcoming trading strategy, I divide it into two dimensions:
**For long positions**, more aggressive traders might consider entering long around 59.8, with the first target at 61.5. If this level is broken, look for 62.8. For a more conservative approach, it is recommended to wait patiently for the 58.8 support to stabilize and confirm it is not broken before entering, with the target range between 60 and 61.8.
**For short positions**, the logic is also straightforward. When the rebound reaches around 61.8, consider entering a short position with a light position, targeting the area below at 61 to 59.8. If you are risk-averse, place your entry at 62.8 for relative safety, with the same target of 62 to 60.8.
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FortuneTeller42
· 5h ago
59.5 That critical level has indeed stabilized. This rebound looks decent, but that 61.5 wall is a bit tough.
The conservative folks say they feel more comfortable entering at 58.8.
Yesterday's rhythm was just bulls and bears fighting each other; neither side gained an advantage.
I'm still optimistic about further upward exploration. Whether 62.8 can be broken is the key.
For those who went long at 59.8, how have your days been lately? I think this resistance level is a bit stubborn.
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GraphGuru
· 5h ago
It's the same old number game again, 59.5, 61.5, 62.8... Looks professional but it's really just gambling on probabilities. Who can really hit the precise timing?
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Having plans for both bulls and bears is a brilliant move; no matter which way it goes, I can always say I was right.
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Wait, can this wave really break 62.8? Feels like 61.5 is the ceiling.
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The conservative approach of entering at 58.8 sounds good, but the question is, how long do we have to wait?
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Light position shorting sounds good, but I'm worried a strong rebound might shake people out.
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Crude oil is just a repetitive torment; every time we think we've found a pattern, we get slapped in the face.
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Aggressive long positions for quick profits, conservative waiting for the bottom—it's a rhythm that requires preparation on both ends.
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The area between 61 and 62 is the real battleground, everything before that is just preparation.
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High risk aversion and trading crude oil itself is contradictory.
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Tokenomics911
· 5h ago
Still messing around with numbers there, always watching support and resistance levels every day, isn't that tiring?
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DeFiDoctor
· 5h ago
To be honest, this wave of volatility shows typical signs of liquidity exhaustion in the diagnostic records. The key support at 59.5 holding steady indicates some underlying strength, but if the rebound is blocked at the 61.5 resistance level, it becomes quite interesting—it's recommended to regularly reassess the true support level at this position. Both bulls and bears are testing, and the clinical signs seem to be digesting the earlier gains, so risk warnings should be activated.
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metaverse_hermit
· 5h ago
Another round of volatility, this is getting a bit tiring. Close at 60.9? I think the key level at 58.8 might need to be tested again.
Wait, the aggressive traders directly go long at 59.8? This wave has a bit too much risk, I still want to see a break before acting.
Every time they say the support level is stable, but I haven't really seen it hold firmly a few times haha.
Is the resistance at 61.5 really that tough? It doesn't seem that hard to break through.
I understand the logic of short positions, but entering at 62.8 might be a bit too conservative, and that would cut into potential profits.
Let's keep observing. Anyway, wide-range fluctuations are like a rolling stone, I won't act without an absolute opportunity.
Yesterday's crude oil performance indeed showed some potential. It started to decline right after the opening, found support at the key level of 59.5, and then quickly rebounded. However, when it reached the resistance at 61.5, it encountered resistance and finally retreated to close at 60.9. The overall trend was a typical wide-range oscillation, with bulls and bears tugging back and forth at key levels.
Regarding the upcoming trading strategy, I divide it into two dimensions:
**For long positions**, more aggressive traders might consider entering long around 59.8, with the first target at 61.5. If this level is broken, look for 62.8. For a more conservative approach, it is recommended to wait patiently for the 58.8 support to stabilize and confirm it is not broken before entering, with the target range between 60 and 61.8.
**For short positions**, the logic is also straightforward. When the rebound reaches around 61.8, consider entering a short position with a light position, targeting the area below at 61 to 59.8. If you are risk-averse, place your entry at 62.8 for relative safety, with the same target of 62 to 60.8.