Technically, we can mainly look at the spot crude oil price chart from the following three aspects:
First, through bottom interval analysis
When the price of crude oil has not broken through the bottom or top of the previous period, crude oil investors must not draw the conclusion that the general trend or the small trend has changed prematurely. When the market is bullish, the price of crude oil futures will rebound quickly, and the decline will not be great, forming a double bottom or multiple bottoms above the bottom. But once the price of crude oil falls below the original bottom, it means that the price of crude oil will fall to a lower point before some important rebound occurs.
Second, through the top interval analysis
When there are double tops or multiple tops again, but the price has not risen above the original top, even a bull market should not enter prematurely. Once the price rises above the original top, before it falls back, the price will often show obvious signs of rising, and it will be better if it enters the long state. Price changes often occur in the final stage of a bull market or a bear market, and investors should trade after a clear bullish or bearish signal appears.
Third, the trend chart often shows the change of crude oil price, which can't analyze the trend well. We can analyze the support level and pressure level through the arrangement of K-line chart.
News can focus on major news, such as US non-farm payrolls data, minutes of Fed meetings, EIA crude oil inventory data, etc. You can learn to look at the K-line chart, learn technical indicators such as MADC, KDJ, and Bollinger Band, and analyze market trends in combination with data.