CL weekly perspective (higher timeframe): The weekly chart shows crude oil rebounding after bottoming at 67.07, then facing strong selling pressure near the 100 psychological level and the previous high around 107. Recent weekly candles have pulled back after rising, and the latest candle closed bearish (near 90.55), with bullish momentum clearly fading.
Hourly perspective (lower timeframe): The 1-hour chart is flashing strong bearish signals! After peaking at 92.88, prices have fluctuated lower. A large bearish candle just plunged through the dense support zone formed by the MA20/30/60 (91.0–91.2), reaching a low of 89.74. Short-term moving averages are starting to turn down.
The short-term trend has turned bearish. The 91.2–92.0 area above has shifted from support to strong resistance, making any rebound a potential shorting opportunity. Below, watch the previous low at 89.7 for support. A decisive break below it could lead to a further drop to 88 or even lower. Manage leverage carefully and always use stop-losses.
#原油 #CL
Hourly perspective (lower timeframe): The 1-hour chart is flashing strong bearish signals! After peaking at 92.88, prices have fluctuated lower. A large bearish candle just plunged through the dense support zone formed by the MA20/30/60 (91.0–91.2), reaching a low of 89.74. Short-term moving averages are starting to turn down.
The short-term trend has turned bearish. The 91.2–92.0 area above has shifted from support to strong resistance, making any rebound a potential shorting opportunity. Below, watch the previous low at 89.7 for support. A decisive break below it could lead to a further drop to 88 or even lower. Manage leverage carefully and always use stop-losses.
#原油 #CL