Another successful last week with our analysis. Crude oil price have continued to decrease to around the 74 mark.
Based on our analysis, the prices are expected to continue decreasing to around the 70 mark. After breaking out of the support zone at 74, it has now become a resistance zone. We should prioritize waiting for the price to recover before entering the market.
Avoid entering orders against the market. Adhering to discipline and management principles is the solid shield that protects us from market difficulties.
We wish all investors intelligent and effective investment strategies. Stay tuned for the next crude oil price updates.
By Pham Thanh Bien
