USOIL； Short term rebound demand
Oil prices rebounded from their earlier decline after Saudi Arabia denied reports that it was discussing increasing oil supply with OPEC and its allies.
US Oil Daily Chart
Look at the daily chart: after the oil price accelerated to decline, the V-shaped reversal occurred, the MACD energy column began to shrink below the 0 axis, the RSI stopped falling and rebounded, and the probability of the short-term oil price continuing to rebound was high.
Empty turning point: 97.00
Resistance level: 109.00 122.00
Support position: 86.00 75.00
Trading strategy: bearish under 97.00, target 86.00, 75.00
Alternative strategy: bullish above 97.00, target 109.00, 122.00
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