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Looking at crude oil recently, the weekly chart has been oscillating within a narrow range, with short-term moving averages stuck together showing no signs of shorting. Overall, there is a lack of a clear direction. After the market opened today, the oil price quickly dipped and then rebounded, leaving some room for an upward move in the short term. However, don’t be fooled by this rebound; rushing to chase the long side could easily lead to traps. The key is to wait for a proper correction before taking action.
Trading idea: Consider short positions in the 57.9-58.0 range. If the price retraces to around 56.2-56.3, you can try to go long. The specific entry timing should be monitored in real-time during trading, adjusting the strategy based on the current candlestick patterns and volume.