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Market News September 28 U.S. crude oil trading strategy: oil prices rose for six consecutive times, it is recommended to do more on dips

September 28 U.S. crude oil trading strategy: oil prices rose for six consecutive times, it is recommended to do more on dips

US crude oil rose by more than 1% on September 28, and short-term oil prices will continue to rise. Investors are advised to do more on dips.

2021-09-28
9326
On Tuesday (September 28), US crude oil rose more than 1%, and short-term oil prices will continue to rise. Investors are advised to do more on dips.


Daily level: Oil prices continued to rise during the Asian session on Tuesday, and are expected to rise to a new high since November 2014.

The energy crisis continues to ferment around the world, and the prices of natural gas, coal and oil have repeatedly hit record highs. The next OPEC+ meeting will be held on October 4th. If OPEC+ releases production, it will be expected to curb the rise in oil prices.

Prior to this, rising will become the main theme. Even if RSI shows overbought signals, it is still difficult to curb the widening gap between supply and demand. Investors are advised to continue to do more on dips.

The main focus on the top is the July 6 high of 76.98, an important resistance level, and then the resistance at various integer levels will be followed.

The initial support below focuses on the July 13 high of 75.51, and further attention to the July 30 high of 74.23 and the September 15 high of 73.14.

(U.S. crude oil daily chart)

Resistance levels: 76.98; 78.00; 79.00
Support levels: 75.51; 74.23; 73.14

Short-term operation advice: do more on dips.

At 15:04 GMT+8, U.S. crude oil was quoted at US$76.33 per barrel.
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