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How do you read the lines on the spot crude oil trend chart?

First, analyze the technical indicators to look at the crude oil market: analyze the trend chart mainly from the K line, Bollinger Bands, KDJ, MACD, and then combine the hourly and 4-hour analysis. If you are ultra-short-term, 5 minutes and 15 minute line.

The first step is to look at the Yin and Yang lines. Yin and Yang represent the trend direction. The Yang line indicates that it will continue to rise. The Yin line indicates that it will continue to fall. Take the Yang line as an example. After a period of long and short struggle, the closing price is higher than the opening price. It shows that the bulls have the upper hand. According to the Newtonian mechanics theorem, the price will still run in the original direction and speed without external force. Therefore, the Yang line indicates that it will continue to rise in the next stage. At least it can ensure that it can inertially rise in the early stage of the next stage. Therefore, the positive line often indicates continued rise. This is also very consistent with one of the three major assumptions in technical analysis: stock prices fluctuate along the trend. And this kind of following the trend is also the core idea of ??technical analysis. In the same way, the negative line can continue to fall.

Step 2. Look at the shadow line. The shadow line represents a turning signal. The longer the shadow line in one direction, the less conducive it is to the stock price moving in that direction. That is, the longer the upper shadow line, the less conducive it is to the stock price rising. The longer the lower shadow line, the more unfavorable it is for the stock price to fall. The upper shadow line is an example. After a period of long-short struggle, the bulls were finally defeated at the end of the day. Once bitten by a snake, they will be afraid of the rope for ten years. No matter what Whether the K line is yin or yang. The upper shadow line has formed the upper resistance in the next stage. The probability of the stock price adjusting downward is high. In the same way, the lower shadow line indicates that the probability of the stock price attacking upward is high.

Step 3. Look at the real body. The size of the real body represents the internal motivation. The larger the real body, the more obvious the upward or downward trend. The opposite trend is not obvious. Take the Yang line as an example. The real body is the one that closes higher than the opening. Part. The larger the positive body, the greater the motivation for the rise. Just like the physical principle of an object with greater mass and faster speed, the greater its inertial impulse. The larger the real body of the Yang, the greater the internal motivation for rising. Its upward momentum will be greater than that of the positive line with a small real body. In the same way, the larger the negative real body, the greater the downward momentum.

Second, pay attention to the crude oil market based on the news.

1. Supply and demand relationship

2. Macroeconomics (policies and regulations, inflation, currency exchange rates: mainly US dollars, interest rates, etc.)

3. International politics Factors (regional unrest, disputes, wars)

4. Linkage of relevant markets (gold, foreign exchange (mainly US dollars), stocks)

5. Speculative activities