This trading day focus on the performance of the European and American stock markets, pay attention to the Russian-Ukrainian geopolitical situation and Iranian nuclear agreement negotiations related news, pay attention to the political situation in Libya related news.

Daily level: oscillation bottoming; MACD golden cross, KDJ golden cross, although the oil price was previously blocked near the 200-day SMA, but the pullback is small, supported by the 10-day SMA, the last trading day K-line recorded a doji, suggesting the end of the pullback, and low buying support oil prices, oil prices are expected to retest the 200-day SMA near 95.90 resistance in the short term, and is expected to top break the resistance, further resistance in 55-day SMA near 99.03, then 100 integer resistance, July 29 high resistance at 101.86 attached, 100-day SMA resistance is currently at 103.72 nearby.

Initial support below is near the intraday low at 92.28, with 10-day SMA support near 91.42. A fall back below that would weaken the short-term bullish signal; further support is near the 90 handle, and a further loss of that support would increase the short-term bearish signal.