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CL Crude Oil 4.16 Analysis
Crude oil consolidated at low levels and traded in a tight range yesterday. After bottoming out at 87.38, it stopped falling and rebounded. It has now held above the midline around 88.5, and in the short term it has stabilized and turned upward, with room for a rebound.
With news factors piling on, plus Middle East geopolitical tensions and instability on the supply side, sentiment is leaning bullish. In the short term, look for a rebound to correct and repair; watch the previous high of 99. If it breaks through, it could continue to move higher.
It is suggested to pull back to 80-85 d o, with a target of 89-95. If it breaks through, it will look toward the previous high! $XRP #美股创下历史新高