3.17 Crude Oil Oscillation and Decline, US Session Technical Analysis
Crude oil showed a slight pullback and adjustment during the European session, with short-term bullish momentum continuing to weaken, creating obvious downward pressure on the trend. Currently, prices are overall compressed within the 93.0-98.0 USD/barrel oscillation range without forming an effective breakout direction.
On the 1-hour chart, MA5/MA10/MA20 are in bearish alignment, with prices continuously running below the moving average lines. Any rebound immediately encounters moving average resistance, with declining rebo
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