First, analyze the technical indicators to see the crude oil market: technical indicators refer to all stock data sets calculated by mathematical formulas in stocks.
Mainly from the K line, bollinger band, KDJ, MACD analysis of the trend chart, and then combined with the hourly line and 4-hour line analysis. For ultra-short lines, it is 5 minutes, 15 minutes.
Second, watch the news and pay attention to the crude oil market.
1, the relationship between supply and demand
2. Macroeconomics (policies and regulations, inflation, currency exchange rate: mainly USD, interest rate, etc. )
3. International politics and political factors (regional turmoil, disputes, wars)
4. Linkage of related markets (gold, foreign exchange (mainly USD), stocks)
5. Speculation and international hot money,
6. Psychological factors (traders' confidence in the market).