As can be seen from the chart, oil has stopped falling, but it is not ruled out that it may go lower again. Today, it did not break through Friday's high of 77.7.
Today, it is necessary to observe whether the oil will fall twice. If the decline does not fall below the support range of 75-76, it can be judged that the oil may have reached the short-term bottom.
If oil breaks through 78, it can be judged that the chance of reaching the bottom is very high, and there is still room for growth this week.
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Will oil choose secondary support or choose to rise directly?
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Break through last Friday's high and see if it can break through 78.3
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Has broken through 78, there will be more room for oil to rise
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The same trend as I predicted
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Waiting is easier to succeed than rushing to trade
