12.12 Crude Oil Afternoon

After the crude oil price fell to a low of 56.846, it stopped declining and rebounded. The short-term moving averages formed a golden cross and diverged upward, with the price stabilizing above the moving average support, indicating a clear bullish trend in the short term. The bearish momentum at the end of the drop weakened, and the bullish phase saw an increase in volume with a bullish candle. 57.313 transformed from resistance to support, further solidifying the bullish pattern.

Operational Suggestions

Around 57.59-57.38, target 57.86, 57.98#原油