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After confirming a bottom near $58.20, crude oil immediately rose to the $58.63 range. The entire trading day experienced limited volatility, oscillating within a narrow range of $58.20-$58.63. The opening price was set at $58.55, with Asian and European sessions maintaining a consolidation pattern. During the US session, there was a slight pullback to touch the $58.20 low, followed by stabilization and a rebound.
From the candlestick pattern, the daily close shows a doji star—where the upper shadow is slightly longer than the lower shadow—which is noteworthy. Doji stars often indicate an imminent directional choice. Considering the current position, there is clear resistance above.
The upcoming trading strategy is as follows: if crude oil continues to rebound, the first resistance level is around $59.0. This price point is a key observation area. Once the rebound approaches this level, consider short positions in the resistance zone. The support and target levels are set near $57.10. Overall, short-term shorting opportunities are relatively clear.