After an early pullback and bottoming at 79.26, crude oil has since moved into a round of corrective rebound. Currently, in the short term, it has held above the 1-hour Bollinger middle band. This is a recovery rebound after the decline, but resistance overhead remains heavy and the overall larger bearish trend has not been completely reversed.
Near-term support: 80.7, 80.2
Near-term resistance: 82.2, 82.6
The bearish pressure released after the earlier API inventory surge has largely run its course, and oil is now seeing a technical correction. Next, we should wait for the Initial Jobless Claims data, which will affect market expectations for demand. Also, keep closely watching geopolitical tensions—developments in the Middle East may cause sharp short-term volatility in oil prices.
In the broader picture, concerns about global crude oil demand remain. Any rebound is more of a technical repair rather than a direct sign of a full reversal.
Short-term outlook:
If price retraces to stabilize around 80.7 near the Bollinger middle band, consider a small-size long entry. Place stops below 80.2. Targets are in the 82.2–82.5 resistance zone.
If the rebound reaches the 82.2–82.5 area near the upper band and then stalls, you can consider a short-term short. Place stops above 83. Then look back toward 80.7–80.2. #原油
Near-term support: 80.7, 80.2
Near-term resistance: 82.2, 82.6
The bearish pressure released after the earlier API inventory surge has largely run its course, and oil is now seeing a technical correction. Next, we should wait for the Initial Jobless Claims data, which will affect market expectations for demand. Also, keep closely watching geopolitical tensions—developments in the Middle East may cause sharp short-term volatility in oil prices.
In the broader picture, concerns about global crude oil demand remain. Any rebound is more of a technical repair rather than a direct sign of a full reversal.
Short-term outlook:
If price retraces to stabilize around 80.7 near the Bollinger middle band, consider a small-size long entry. Place stops below 80.2. Targets are in the 82.2–82.5 resistance zone.
If the rebound reaches the 82.2–82.5 area near the upper band and then stalls, you can consider a short-term short. Place stops above 83. Then look back toward 80.7–80.2. #原油
