3.19 Crude Oil Pullback - Focus on Buying Dips, Watch 95 Support Below

Crude Oil Market Review:

Yesterday, crude oil fell 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 featuring a long lower shadow. Following this type of closing pattern, today's pullback action continues the uptrend.

On the 4-hour chart, moving averages have turned downward, K-line has broken below the MA, short-term is in adjustment mode. MACD is above zero line with narrowing red bars indicating weakening bullish momentum. On the 1-hour chart, price shows divergence with indicators, short-cycle turning downward, MACD near zero line with slight bearish correction. Watch the 95-94.3 zone for support below, and 97.5-98 zone for resistance above. Trading strategy focuses on buying dips!

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

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