What is the trend of spot crude oil?

K-line morphological analysis is a very important technical analysis method in crude oil price technical analysis. Many times, the K-line of crude oil price will be combined into different forms on the K-line chart, and each form will indicate a specific signal to us. After mastering these patterns, crude oil investors can judge the future trend of crude oil prices according to the K-line pattern, and then make a profit. Let me tell you about the spot map of crude oil.

The first K-line shape: V-shaped bottom

When the empty side continuously lowered the price of crude oil and exhausted the energy of the empty side, many parties immediately launched a counterattack and did not give the empty side a chance to breathe. With the cooperation of trading volume, the price of crude oil is gradually pushed up, forming a "V" upward trend.

The second K-line shape: head and shoulder bottom

After the long-term decline of crude oil price, the trading volume decreased obviously, the crude oil price slowed down and rebounded slightly, and the trading volume increased slightly, forming a left shoulder. Then continue to fall to the bottom, encounter many counterattacks, and the volume of transactions increases rapidly. The price of crude oil rebounded above the low price of the left shoulder, forming the bottom of the head and shoulders, and then returned to the bottom to form another bottom, the right shoulder, not lower than the bottom of the head and shoulders. Since then, many counterattacks have been made, and the price of crude oil has been pulled up with the cooperation of huge volume. If the price of crude oil rises more than 3% of the neckline, the upward trend of the market outlook can be confirmed. The minimum increase of crude oil price is the vertical distance from the bottom to the neckline.

The third K-line form: cross star

The cross star appeared in the fall of crude oil price, indicating that the next gear has strong bearing capacity. With the appearance of the back yang line, it shows that many parties not only effectively stopped the air attack at the cross star, but also launched a counterattack. At this time, it can be confirmed that this is a "counterattack against the cross star", and the price of crude oil in the market will be gradually raised by many parties.

The fourth K-line form: W bottom (double bottom)

The empty side has three negative lines in a row, exhausted the suppression energy and launched a counterattack in many ways. However, the height of the intensive trading area in the early stage was blocked, but the crude oil price did not fall below the previous low. Then many parties launched a counterattack again, breaking through the previous resistance level in one fell swoop and gradually rising. When the price of crude oil rises from the second trough to more than 3% of the peak price, it can be regarded as an effective breakthrough. This trend of crude oil prices has formed a double bottom, which has laid the groundwork for the rise in the market outlook.

The fifth K-line form: low-grade Wuyang line

There are more than five xiaoyang lines in the low crude oil price area, indicating that there are many bargain hunters, strong buying, the bottom has been formed, the energy accumulated by many parties is about to explode, and the crude oil price in the market outlook is likely to rise.

The above are five common combinations in the K-line of crude oil price. After the corresponding forms appear, crude oil investors should know the next trend of the crude oil price corresponding to each form, so as to judge the crude oil price according to the form, which is an analysis method that every crude oil investor should master.