Daily level: oscillation; oil prices by the 55-day SMA resistance not only fell back to the 200-day SMA below, it is a continuous loss of 5-day SMA and 10-day SMA, KDJ is back into a dead cross, oil prices short-term downside risk increased significantly, the initial support in the 21-day SMA near 91.18, and then the 90 mark near the support, if lost the support, oil prices may re-test August Support near the low of 85.71, the lower Bollinger Bands support is also near this location.
The initial resistance above is near the 5-day SMA at 93.43, before recovering the position, the short term is slightly biased towards oscillation to the downside. 200-day SMA resistance is now near 96.07, given that the MACD golden cross signal is still in place, if oil prices topped through the 200-day SMA resistance again, it would increase the bullish signal in the market.
The Bollinger Bands track is running close to the horizontal, and the medium-term trend refers to the Bollinger Bands track 85.67-98.67 regional breakthrough.