Previously, it was always said that crude oil would fall, and now it is indeed falling. There is good news from the Russia-Ukraine negotiations, making the supply-demand imbalance in crude oil more apparent, so the decline is more reasonable. Whether looking at technical trends (in a downward channel), actual inventory (which has been rising), or future demand (expected to decrease), crude oil can only be shorted now.

Recently, we have also been reminding that crude oil can be shorted on rebounds; small rebounds with small positions short, big rebounds boldly short. Now it is also close to the target set earlier. Today, focus on the key support level of 56, which I have mentioned many times before and is now very close. For now, don't chase the shorts; it's better to wait for a rebound before shorting.

Recommendation for crude oil: Short around 57.7 on a rebound, set the stop loss at 58.5, and initially target 56. If it breaks below 56, then continue to look for below 55.