Currently, judging from the hourly chart trend, short-term WTI has a tendency to strengthen. However, it is still difficult to predict how strong the actual upward momentum will be, and for how long it can be maintained. These factors also need to be referenced by the impact of news flow. Therefore, for today’s WTI outlook, we will temporarily keep a range-bound expectation, though it may turn slightly stronger.
For today, continue to watch the 84.0–84.3 area on the upside for a test. This level is not only yesterday’s high, but also the breakout point from the earlier down move. Technically, it should still provide some resistance.
On the downside today, first watch for short-term support tests around 83.0–82.7. The main support is around 82.0. In terms of trading, conservative traders should still choose to observe more and act less. Aggressive traders can take short-term long and short positions around the above ranges. If further news causes disturbances in the Iran–US situation during the day, then adjust the strategy accordingly in a timely manner.#原油
For today, continue to watch the 84.0–84.3 area on the upside for a test. This level is not only yesterday’s high, but also the breakout point from the earlier down move. Technically, it should still provide some resistance.
On the downside today, first watch for short-term support tests around 83.0–82.7. The main support is around 82.0. In terms of trading, conservative traders should still choose to observe more and act less. Aggressive traders can take short-term long and short positions around the above ranges. If further news causes disturbances in the Iran–US situation during the day, then adjust the strategy accordingly in a timely manner.#原油
