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Turing Wave Market Watch 8.31 - Crude Oil Continues to Be Bullish and Long

2023-08-31 09:32:05    Source: Huangjin.com Crude Oil Channel


(Data map)

Turing Wave Market Watch 8.31 - Crude Oil Continues to Be Bullish and Long

crude oil

The long position that crude oil waited for yesterday was 80.90 until late at night, but the bulls have risen again as expected. Up to now, it has risen by 90 points. Today, it is possible for crude oil to reach a high point, so we will continue to be bullish without saying much.

According to the Turing Wave Trading System, the rise of crude oil is mainly due to the fact that the rise of 3 waves and 5 waves is still continuing, although there will be a small adjustment in the middle, it will not affect the overall trend. The crude oil pressure is 82.10~83.20, and the support is 81.40~80.85.

Crude oil operation suggested 81.35 front-line buying, stop loss 80.85, target 82.40~83. (The point may be revised according to the market changes in the session, and the immediate strategy shall prevail)

(Quoted by Boyi Master and produced by Turing Wave) The chart is crude oil 4H chart

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