3.19 Crude Oil Pullback for Long Positions, Monitor 95 Support Level Below

Crude Oil Market Review:

Yesterday crude oil declined first then rallied, with the chart completing a bullish reversal. The price stabilized and rebounded at the 91.95 USD level, successfully breaking through the previous resistance zone, and further climbed higher, touching near 99.3 USD with oscillations. The daily chart closed with a large bullish candle with a long lower shadow, and following this pattern, today's pullback continues the bullish trend.

On the 4-hour chart, the moving average has turned downward, K-line broke below the MA, short-term showing adjustment. MACD above zero axis with narrowing red histogram, bullish momentum weakening. On the 1-hour chart, price and indicators show top divergence, short-cycle turning downward, MACD near zero axis with bearish correction bias. Monitor 95-94.3 support zone below and 97.5-98 resistance zone above. Trading strategy: focus on pullback long positions!

Crude Oil Strategy: Pullback to 95.5-95 light short positions, stop loss at 94.6, target 97-97.5; light positions, strict stop loss

Disclaimer: The above content is for personal thought and viewpoint sharing only and does not constitute trading advice.