Crude oil broke straight down yesterday, with the high point at 81.0, the lowest point at 77.0, and the closing price at 77.11. The daily level includes a big negative line. The high price did not break the previous high, but the low price broke the previous low, showing a downward trend. The daily line of crude oil showed an N-shaped downward break pattern on the general trend, and the market outlook continued to be bearish.
Crude oil shorts have broken through to open up space, and the short-term outlook is expected to continue. Short-term resistance levels focus on the 78.6-79.5 and 75.0-74.0 support levels.
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Crude oil prices continued to break down yesterday. After encountering resistance at 77.5, oil prices quickly broke down and further set a new low of 74.932. The bearish sentiment continued in the market outlook.
Pay attention to the resistance level 77-77.5 and the support level 73.7-73.0.
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