September 14 US crude oil trading strategy: oil prices are relatively strong in the short-term, but weak in the medium and long-term are difficult to change
On September 13, US crude oil rose slightly, and the intraday oil price trend was relatively strong, but the medium and long-term trend was not optimistic, and the weakness remained.

On Monday (September 13), US crude oil rose slightly, and intraday oil prices continued to strengthen. However, the medium- and long-term trend is not promising. It is recommended that conservatives wait and see, and radicals can chase more.
Daily level: U.S. crude oil rebounded sharply last Friday, but it still has not broken the pressure of the shock range and the upper trend line. If the intraday gains can be maintained, it is expected to break the trend line and give the bulls confidence in further gains.
From a technical point of view, crude oil prices temporarily exceeded the 50-day moving average resistance, MACD continued to maintain the golden cross, and KDJ also formed a golden cross. Overall, it is beneficial to the oil price bulls. However, in the context of the intensification of the epidemic and the rebound of the US dollar, it is difficult for oil prices to change. Long-term weakness.
The initial resistance above focuses on the 61.8% retracement level 71.17, and further attention to the August 3 high 71.94 and 76.4% retracement level 73.39.
The initial support below focuses on the 50% retracement level of 69.37, and further attention is paid to the high of 67.98 on March 8 and the high of 67.01 on May 8.
(U.S. crude oil daily chart)
Resistance levels: 71.17; 71.94; 73.39
Support levels: 69.37; 67.98; 67.01
Short-term operation suggestions: conservatives wait and see, radicals chase more.
At 14:41 GMT+8, U.S. crude oil was quoted at $70.39 per barrel.
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