WTI Global analysis of crude oil trade

The overall trend of crude oil bottomed out yesterday and rebounded. The MA5 position of the weekly line fell back and rebounded, and the middle track of the daily line did not break below. This shows that the market is still strong. In addition, the conflict between Iran and Israel will boost crude oil, so it is good to be bullish. After all, the current situation in the Middle East is a mess. Crude oil has once again returned to the old point to see a rise, that is, go long around 85, add positions at 84.5, defend 84, and look at 86-87!

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