# 3.19 Crude Oil Rebound to Buy, Watch 95 Level Support Below

## Crude Oil Market Review:

Yesterday, crude oil first declined then rose, completing a bullish reversal on the chart. The price stabilized and rebounded at the 91.95 USD level, successfully breaking through the previous resistance zone, and continued to climb higher, reaching near 99.3 USD with volatile consolidation. The daily candle closed with a large bullish body featuring a long lower wick. After this pattern formed, today’s pullback continues the bullish trend.

On the 4-hour chart, moving averages are turning downward, and the candlesticks broke below the moving averages, indicating a short-term adjustment. MACD above the zero line shows narrowing red bars, signaling weakening bullish momentum. On the 1-hour chart, price and indicators show divergence at the top, with the short-term turning downward, and MACD near the zero line, indicating a bearish correction. Support is expected in the 95-94.3 zone below, while resistance is at 97.5-98 above. The trading strategy mainly focuses on buying on pullbacks!

## Crude Oil Strategy:

Pull back to 95.5-95, take a small short position, with a stop loss at 94.6, and target 97-97.5: small position, strict stop loss.

**Disclaimer:** The above content is for personal ideas and viewpoints only and does not constitute trading advice.